SEBI suspends trading of Bharat Global Developers over financial misrepresentation
7 hours, 21 minutes ago

SEBI suspends trading of Bharat Global Developers over financial misrepresentation

Deccan Chronicle  

New Delhi: Markets regulator Sebi on Monday suspended trading in Bharat Global Developers Ltd for financial misrepresentation, misleading disclosures, price manipulation, and offloading shares at inflated prices. In fact, such wealth has arisen from misrepresentation of the company's business and financials to general investors and shareholders," Sebi Whole Time Member Ashwani Bhatia said in his 25-page order. Accordingly, Sebi in its order said," trading in the scrip of Bharat Global Developers Ltd is suspended till further orders". Also, the regulator has barred the company, its top management) and preferential allotees "from buying, selling or dealing in securities, or accessing capital market either directly or indirectly, in any manner whatsoever until further orders".

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History of this topic

SEBI imposes ₹9 lakh penalty on Reliance Securities for breaching market, stock broker norms
3 weeks, 2 days ago

SEBI imposes ₹9 lakh penalty on Reliance Securities for breaching market, stock broker norms

Live Mint  

Capital markets regulator Securities and Exchange Board of India on Friday, November 29, penalized Reliance Securities with ₹9 lakh for flouting market norms and stock broker rules. The order came after the regulator and exchanges, NSE and BSE, conducted a thematic onsite inspection of the books of accounts, records, and other documents of authorised persons of Reliance Securities Ltd, a …

SEBI imposes ₹9 lakh fine on Reliance Securities for ‘flouting market norms’
3 weeks, 2 days ago

SEBI imposes ₹9 lakh fine on Reliance Securities for ‘flouting market norms’

Hindustan Times  

The Securities and Exchange Board of India on Friday imposed a ₹9 lakh monetary penalty on Reliance Securities for “flouting market norms” and stock broker rules. According to a PTI report,the market regulator's order came after National Stock Exchange and Bombay Stock Exchange carried out a thematic onsite inspection of the books of accounts, records and other documents of authorised …

Sebi investigating if Adani group flouted disclosure rules
1 month ago

Sebi investigating if Adani group flouted disclosure rules

Live Mint  

India’s capital markets regulator is looking into whether the Adani group violated rules mandating the disclosure of market-moving information, according to people with knowledge of the matter. The Securities and Exchange Board of India has asked officials at the stock exchanges if Adani Green Energy Ltd failed to properly disclose the US Justice Department’s investigation into bribery allegations, the people …

Sebi proposes revisions to custodian regulations
1 month, 1 week ago

Sebi proposes revisions to custodian regulations

Live Mint  

The Securities and Exchange Board of India has issued a consultation paper seeking feedback on proposed updates to the Sebi Regulations, which govern the operations of custodians in the Indian securities market. Given the importance of custodians in ensuring smooth market operations, especially for institutional investors, the consultation paper proposes several changes to enhance regulatory oversight and operational resilience. Sebi …

SC dismisses Sebi’s ₹25 crore penalty plea against Mukesh Ambani in RPL share manipulation case
1 month, 1 week ago

SC dismisses Sebi’s ₹25 crore penalty plea against Mukesh Ambani in RPL share manipulation case

Live Mint  

The Supreme Court on Monday dismissed a plea by the Securities and Exchange Board of India to impose a ₹25 crore penalty on Mukesh Ambani, chairman and managing director of Reliance Industries Ltd, over alleged share manipulation involving Reliance Petroleum Ltd in November 2007. A two-judge bench of Justices J.B. Pardiwala and R. Mahadevan agreed to hear Sebi's broader case …

SEBI warns investors against unauthorised virtual trading, gaming platforms offering stock price-based advice
1 month, 2 weeks ago

SEBI warns investors against unauthorised virtual trading, gaming platforms offering stock price-based advice

Live Mint  

The Securities and Exchange Board of India on Monday cautioned investors about unauthorised virtual trading and gaming platforms that provide trading advice based on stock prices. “By mimicking securities market activities and promising financial returns, many of these platforms can create an unauthorised trading experience that often leads to investor exploitation,” said Sumit Agrawal, founder of Regstreet Law and former …

SEBI must reveal ‘big players’ making profits at expense of small investors: Rahul Gandhi on ‘uncontrolled’ F&O trading
2 months, 4 weeks ago

SEBI must reveal ‘big players’ making profits at expense of small investors: Rahul Gandhi on ‘uncontrolled’ F&O trading

Live Mint  

Senior Congress leader Rahul Gandhi said on Tuesday, September 24, that capital markets regulator Securities and Exchange Board of India must reveal the names of the ‘big players’ who have been making profits at the expense of small retail investors. Amid the Congress vs SEBI row where the opposition has repeatedly attacked SEBI chairperson Madhabi Puri Buch over corruption charges, …

Paytm issues clarification on SEBI notice, says ‘not a new development’
3 months, 3 weeks ago

Paytm issues clarification on SEBI notice, says ‘not a new development’

Live Mint  

One 97 Communications Ltd., the parent company of the Paytm brand, said that the reports on the company receiving a Securities and Exchange Board of India show cause notice is not a new development. “With reference to recent media reports, we would like to inform you that this is not a new development, as the Company had already made relevant …

SEBI Imposes Rs 11 Lakh Fine On IIFL Securities For Compliance Failures
3 months, 4 weeks ago

SEBI Imposes Rs 11 Lakh Fine On IIFL Securities For Compliance Failures

Live Law  

The Securities and Exchange Board of India has levied a fine of Rs 11 lakh on IIFL Securities Limited for breaches of various regulatory guidelines under the Securities Contracts Rules and associated SEBI circulars. The SEBI order highlighted that IIFL Securities violated multiple provisions related to margin trading and client fund management. The broker was found to have transferred securities …

Sebi bans Anil Ambani and 24 others from market for five years, slaps Rs 254 crore fine
4 months ago

Sebi bans Anil Ambani and 24 others from market for five years, slaps Rs 254 crore fine

New Indian Express  

MUMBAI: The markets watchdog Securities and Exchange Board has banned Anil Ambani and 24 others, including former key officials of Reliance Home Finance, from the securities market for five years charging them with fund diversion by creating a “fraudulent scheme to siphon off money from the company by structuring it as loans to credit-unworthy borrowers.” The Rs 104 crore cumulative …

SEBI’s Buch Under Pressure: Can India’s Market Watchdog Chief Weather the Storm?
4 months ago

SEBI’s Buch Under Pressure: Can India’s Market Watchdog Chief Weather the Storm?

The Hindu  

Published : Aug 16, 2024 20:42 IST - 8 MINS READ When the Satyam scam came to light in January 2009, it was a bolt from the blue for India’s stock market. The report accuses Buch of investing in an offshore Mauritius fund that’s part of the very fund structure being probed by SEBI for its fund flows into Adani …

'Dishonest, Misleading': SEBI Rejects Defence And Mandates Disclosure, Shareholder Approval For Material Related Party Transactions
4 months, 4 weeks ago

'Dishonest, Misleading': SEBI Rejects Defence And Mandates Disclosure, Shareholder Approval For Material Related Party Transactions

Live Law  

The Securities and Exchange Board of India has issued a final order concerning Linde India Limited and its related party transactions with Praxair India Pvt Ltd and Linde South Asia Services Pvt Ltd. SEBI's investigation was triggered by complaints from LIL's shareholders who alleged that these RPTs were conducted without proper shareholder approval and were potentially detrimental to the interests …

SEBI Fines IFGL Rs. 4 Lakh For Regulatory Breaches And Deficient Investor Grievance System
4 months, 4 weeks ago

SEBI Fines IFGL Rs. 4 Lakh For Regulatory Breaches And Deficient Investor Grievance System

Live Law  

The Securities and Exchange Board of India has fined Delhi-based Indian Finance Guaranty Ltd Rs. The primary issues identified included IFGL's engagement in fund-based activities and multiple deficiencies in its investor grievance redressal system. SEBI mandates that stock brokers must provide a designated email ID exclusively for investor grievances, yet IFGL used the personal email of its CEO and compliance …

Raselle Capital VCC settles FPI violation case with Sebi, pays Rs 1.23 cr
5 months, 3 weeks ago

Raselle Capital VCC settles FPI violation case with Sebi, pays Rs 1.23 cr

Business Standard  

The order came after Raselle Capital proposed to settle the instant proceedings initiated against it without "admitting or denying the findings of facts and conclusions" of the law. | Photo: Bloomberg Foreign portfolio investor Raselle Capital VCC has settled a case related to the alleged violation of FPI rules with capital markets regulator Sebi after paying Rs 1.23 crore as …

Adani Group case: Hindenburg Research gets show cause notice from SEBI, US firm terms it 'nonsense'
5 months, 3 weeks ago

Adani Group case: Hindenburg Research gets show cause notice from SEBI, US firm terms it 'nonsense'

India TV News  

Adani-Hindenburg row: Hindenburg Research, the US-based short-seller, said it received a show-cause notice from India’s capital market regulator Securities and Exchange Board of India in the Adani Group case. The US firm said the show cause notice does resolve some questions: "Did Hindenburg work with dozens of firms to short Adani, making hundreds of millions of dollars? Adani-Hindenburg row Hindenburg …

IIFL Securities turns bearish after SEBI investigates Sanjiv Bhasin’s role in stock manipulation, stock crashes 10%
5 months, 3 weeks ago

IIFL Securities turns bearish after SEBI investigates Sanjiv Bhasin’s role in stock manipulation, stock crashes 10%

Live Mint  

Shares of domestic brokerage IIFL Securities turned bearish soon after capital markets regulator Securities and Exchange Board of India initiated a probe into Sanjiv Bhasin's role in stock market manipulation. Bhasin, who regularly provides stock trading suggestions on various business news channels, was associated with IIFL Securities as a consultant on a contractual basis. The report quoted IIFL Securities in …

Seven Adani group firms say received SEBI show cause notices
7 months, 2 weeks ago

Seven Adani group firms say received SEBI show cause notices

The Hindu  

May 03, 2024 06:54 pm | Updated 10:03 pm IST - New Delhi Seven out of the 10 listed firms of Adani group have received show cause notices from the Securities and Exchange Board of India for alleged violation of related party transactions and non-compliance with listing regulations, the companies said in their regulatory filings to the stock exchanges. While …

NSE ready to begin public issue process, waiting for SEBI approval to launch IPO: CEO Ashish Chauhan
8 months, 2 weeks ago

NSE ready to begin public issue process, waiting for SEBI approval to launch IPO: CEO Ashish Chauhan

Live Mint  

The National Stock Exchange is ready to begin its initial public offering process but awaits the approval from capital markets regulator Securities and Exchange Board of India, according to chief executive officer Ashishkumar Chauhan. In December 2023, SEBI asked NSE to remain glitch-free for at least a year, enhance its technological infrastructure and corporate governance and resolve pending legal matters. …

Sebi to implement facility of ‘voluntary blocking’ of trading accounts
11 months, 1 week ago

Sebi to implement facility of ‘voluntary blocking’ of trading accounts

Live Mint  

Securities and Exchange Board of India has planned to offer the facility of voluntary freezing or blocking of the ‘Trading Accounts’ by clients as it is available in Demat accounts, ATMs, and Credit Cards. In a circular on Friday, the stock market regulator said, “It has been observed that at times, suspicious activities are noticed by the investors but the …

Shielding SEBI: On Supreme Court’s ruling and SEBI probe
11 months, 2 weeks ago

Shielding SEBI: On Supreme Court’s ruling and SEBI probe

The Hindu  

The Supreme Court of India’s ruling on a batch of petitions, filed in the wake of a U.S.-based short seller’s allegations of malfeasance including stock price manipulation at the Adani group of companies, has squarely tossed the ball back to the markets regulator’s court. The Court has opted to subordinate petitioners’ entreaties to protect larger public interest to its chariness …

NCLT Mumbai: Penalty Imposed By SEBI During Liquidation Can Be Claimed Before Liquidator And Considered U/S 53 Of IBC
1 year, 2 months ago

NCLT Mumbai: Penalty Imposed By SEBI During Liquidation Can Be Claimed Before Liquidator And Considered U/S 53 Of IBC

Live Law  

The National Company Law Tribunal, Mumbai Bench comprising of Ms. Lakshmi Gurung and Shri Charanjeet Singh Gulati, allowed the appeal filed in Securities Board of India vs. Mr. Vishal Ghisulal Jain, Liquidator of, Sterling International Enterprises Ltd. The Tribunal held that a penalty imposed by SEBI’s Adjudicating Officer during the liquidation can be claimed before the Liquidator and can be …

SEBI still probing 13 overseas entities’ holdings in Adani group
1 year, 3 months ago

SEBI still probing 13 overseas entities’ holdings in Adani group

The Hindu  

The Securities Exchange Board of India said its investigation into two crucial aspects raised by the Hindenburg Research report against the Adani Group continues to be in an “interim” stage. One of the two investigations which has so far foxed SEBI is about the 13 overseas entities who were classified as public shareholders of the Adani group of companies. Explained …

SEBI bars Brightcom’s top officials from holding directorial posts; here’s why
1 year, 4 months ago

SEBI bars Brightcom’s top officials from holding directorial posts; here’s why

Live Mint  

Capital markets regulator Securities and Exchange Board of India said in an interim order on Tuesday, August 22, that it has found lapses in Brightcom Group Limited preferential issue of shares. SEBI has barred Suresh Kumar Reddy - the promoter-cum-chairman and managing director of Brightcom Group, along with chief financial officer Narayan Raju from holding directorial posts until further notice. …

SEBI (Settlement Proceedings) Amendment Regulations, 2023 | SEBI Empowers Panel Of Whole Time Members For Settlement Proceedings
1 year, 4 months ago

SEBI (Settlement Proceedings) Amendment Regulations, 2023 | SEBI Empowers Panel Of Whole Time Members For Settlement Proceedings

Live Law  

In a significant development, the Securities and Exchange Board of India has introduced an amendment to the Securities and Exchange Board of India Regulations, 2018, via the Securities and Exchange Board of India Regulations, 2023. The Securities and Exchange Board of India has exercised its powers under Section 15JB of the Securities and Exchange Board of India Act, 1992, Section …

Ministry Of Corporate Affairs Looking Into SEBI's Order Against Zee Entertainment: Report
1 year, 4 months ago

Ministry Of Corporate Affairs Looking Into SEBI's Order Against Zee Entertainment: Report

ABP News  

The Ministry of Corporate Affairs is looking into SEBI's order against Zee Entertainment Enterprises for alleged irregularities, reported ET Now on Friday. In June, the market regulator banned Zee Chairman Subhash Chandra and CEO Punit Goenka for alleged "abused their positions" for personal financial gains. On Friday, the report said that Corporate Affairs Ministry has taken cognizance of the SEBI's …

Sebi slaps Rs 20 lakh on 4 entities for non-genuine trades
1 year, 6 months ago

Sebi slaps Rs 20 lakh on 4 entities for non-genuine trades

India TV News  

Capital markets regulator Sebi on Thursday slapped penalties totalling Rs 20 lakh on four entities for indulging in non-genuine trades in the illiquid stock options segment on BSE. The regulator imposed a fine of Rs 5 lakh each on Niruben Manojbhai Chudasama, Raj Kumar Lohiya, Nufact Merchandise Pvt Ltd and Nitu Agarwal. Sebi had observed large-scale reversal trades in the …

IIFL Securities shares tank over 18% on Sebi order
1 year, 6 months ago

IIFL Securities shares tank over 18% on Sebi order

Live Mint  

IIFL Securities share price plunged over 18% in early deals on Tuesday after capital market regulator Securities and Exchange Board of India barred the company from taking new clients for 2 years. However, IIFL Securities said that the Sebi’s order does not affect the company's existing business with the existing clients. Read Here: SEBI bars IIFL Securities from taking new …

SEBI bars IIFL Securities from taking new clients for 2 years
1 year, 6 months ago

SEBI bars IIFL Securities from taking new clients for 2 years

Live Mint  

Market regulator Securities and Exchange Board of India on Monday barred IIFL Securities from taking new clients for 2 years. In its probe, Sebi found that IIFL has misused the funds of its credit balance clients for settlement of its proprietary trades as well as the trades of its debit balance clients from April 2011 to June 2014, and the …

Zee Promoters Approach Securities Appellate Tribunal Against SEBI Order: Report
1 year, 6 months ago

Zee Promoters Approach Securities Appellate Tribunal Against SEBI Order: Report

ABP News  

The promoters of Zee Entertainment Enterprises Ltd have approached the Securities Appellate Tribunal to seek relief against the SEBI's order on Tuesday. Shares of Zee Entertainment Enterprises fell over 6.50 per cent in morning trade on Tuesday after SEBI banned Essel Group chairman Subhash Chandra and ZEEL's Punit Goenka from holding any directorial or key managerial position in any listed …

An unclean chit: The Hindu Editorial on the SEBI investigation and Hindenburg Research’s allegations
1 year, 6 months ago

An unclean chit: The Hindu Editorial on the SEBI investigation and Hindenburg Research’s allegations

The Hindu  

Last Wednesday, the Supreme Court granted the Securities and Exchange Board of India more time to complete its investigation into Hindenburg Research’s allegations of malfeasance, stock price manipulations and violations of minimum public shareholding requirements in Adani Group firms. But the findings of a six-member expert panel, tasked by the Court to review Indian securities market’s overall regulatory and investor …

SEBI proposes curbs on derivative-linked share moves
1 year, 7 months ago

SEBI proposes curbs on derivative-linked share moves

The Hindu  

The Securities and Exchange Board of India, India’s market regulator, proposes measures to contain extreme price movements in shares on which futures and options trade, including longer trading suspensions and restricting price movements. SEBI proposed in a consultation paper late on May 21 that if a share in the futures and options segment falls or rises by 10% a day, …

SEBI proposes tighter regulations to curb share price volatility in futures and options segment
1 year, 7 months ago

SEBI proposes tighter regulations to curb share price volatility in futures and options segment

Hindustan Times  

India’s market regulator proposed measures to contain extreme price movements in shares on which futures and options trade, including longer trading suspensions and restricting price movements. SEBI proposed that if a share in the futures and options segment falls or rises by 10% a day, trading would be suspended for an hour. The Securities and Exchange Board of India proposed …

SEBI investigating Adani since 2016 is factually baseless, regulator tells SC
1 year, 7 months ago

SEBI investigating Adani since 2016 is factually baseless, regulator tells SC

Deccan Chronicle  

New Delhi: The Securities and Exchange Board of India apprised the Supreme Court on Monday that the market regulator is already investigating Adani Group companies since 2016 is factually baseless. SEBI has informed Supreme Court that in respect of the investigation and examination relating to 12 transactions referred to in the Hindenburg Report, prima facie it is noted that these …

Plea for six months is to carry out justice, not a delay tactic: SEBI tells SC
1 year, 7 months ago

Plea for six months is to carry out justice, not a delay tactic: SEBI tells SC

The Hindu  

The Securities Exchange Board of India on Monday in the Supreme Court said its request for a “minimum” of six more months to inquire into Hindenburg Research’s allegations of fraud against the Adani Group is to ensure “carriage of justice”. Where further investigation is required and most of the data required for this purpose is expected to be reasonably accessible, …

‘Legally untenable’: SEBI warns against ‘immature’ conclusions on its Adani Group probe
1 year, 7 months ago

‘Legally untenable’: SEBI warns against ‘immature’ conclusions on its Adani Group probe

Hindustan Times  

India's market regulator told the Supreme Court on Monday that any incorrect or premature conclusion of its investigation into the Adani group's possible lapses of regulatory disclosures will be legally untenable and not serve justice. The probe comes after U.S.-based short-seller Hindenburg Research had, in January, raised several governance concerns around billionaire Gautam Adani's group, and alleged improper use of …

SC offers 3-month extension to Sebi on Adani group case
1 year, 7 months ago

SC offers 3-month extension to Sebi on Adani group case

Live Mint  

The Supreme Court on Friday offered an additional three months to the Securities and Exchange Board of India to complete its investigation into the alleged violation of laws by the Adani group, expressing reservations about the regulator’s request for a six-month timeframe. The court, however, said it would review the Justice Sapre committee’s report on regulatory failure and breach of …

SEBI asks SC for six more months to complete probe into Hindenburg report
1 year, 7 months ago

SEBI asks SC for six more months to complete probe into Hindenburg report

The Hindu  

The Securities and Exchange Board of India on April 29 asked the Supreme Court for six more months to complete its investigation into Hindenburg Research’s damning report accusing the Adani Group of “brazen stock manipulation and accounting fraud schemes over the course of decades”. “Various information/documents were sought from entities such as the seven listed Adani companies, including subsidiaries, step …

Sebi slaps ₹25 lakh fine on 5 entities for non-genuine trades
1 year, 8 months ago

Sebi slaps ₹25 lakh fine on 5 entities for non-genuine trades

Live Mint  

The Securities and Exchange Board of India levied penalties amounting to ₹25 lakh on five entities for engaging in fraudulent transactions in the illiquid stock options segment on the Bombay Stock Exchange. As per media reports, in five separate orders, the watchdog levied a fine of ₹5 lakh each on Natraj Dealtrade, Queen Tie-Up Pvt Ltd, Octagon Merchants, Noble Tradelink …

Why SEBI didn't get to bottom of issues raised by Hindenburg: Ex-RBI governor
1 year, 9 months ago

Why SEBI didn't get to bottom of issues raised by Hindenburg: Ex-RBI governor

Hindustan Times  

Former RBI governor Raghuram Rajan has asked why SEBI has not yet got to the bottom of ownership of the four Mauritius-based funds who are said to have parked 90 per cent of their USD 6.9 billion in Adani group stocks, saying does the market regulator need help of investigating agencies for this? They came into focus once again in …

Explained | How is the stock market regulated in India?
1 year, 10 months ago

Explained | How is the stock market regulated in India?

The Hindu  

The story so far: On February 10, the Supreme Court asked the Securities and Exchange Board of India and the government to produce the existing regulatory framework in place to protect investors from share market volatility. The SCRA empowers SEBI to recognise stock exchanges, prescribe rules and bye laws for their functioning, and regulate trading, clearing and settlement on stock …

Sebi’s plan to separate brokers from your money
2 years ago

Sebi’s plan to separate brokers from your money

Live Mint  

In the third week of October, brokers from across India had gathered at the Taj Lands End hotel in Mumbai for their first mega physical gathering since the onset of the pandemic. If Sebi’s plans go ahead, brokers will only execute buy or sell trades and no money from an investor’s bank account will go into a broker’s account. How …

Sebi bars Bombay Dyeing, its promoters Wadias from securities market for 2 years
2 years, 2 months ago

Sebi bars Bombay Dyeing, its promoters Wadias from securities market for 2 years

Hindustan Times  

Bombay Dyeing and Manufacturing Company Ltd has been barred by the country's capital market regulator from the securities markets for two years. The Securities and Exchange Board of India issued a statement late Friday barring Bombay Dyeing and its "promoters" - Nusli N Wadia and his sons, Ness and Jehangir - from the securities markets for up to two years. …

SEBI bars Bombay Dyeing, Ness Wadia, others from securities market for up to two years; imposes fines of ₹15.75 crore
2 years, 2 months ago

SEBI bars Bombay Dyeing, Ness Wadia, others from securities market for up to two years; imposes fines of ₹15.75 crore

The Hindu  

Securities and Exchange Board of India has barred 10 entities, including Bombay Dyeing & Manufacturing Company Limited and its promoters — Nusli N Wadia, Ness Wadia and Jehangir Wadia — from the securities markets for up to two years and levied a fine totalling ₹15.75 crore on them for being involved in a fraudulent scheme of misrepresenting the company's financial …

Sebi penalises Aadhaar Ventures, its directors for flouting market norms
2 years, 3 months ago

Sebi penalises Aadhaar Ventures, its directors for flouting market norms

Live Mint  

Sebi on Monday levied fines on Aadhaar Ventures India Ltd and its directors for violating insider trading rules and listing conditions. Sebi imposed a fine of ₹10 lakh on Aadhaar Ventures India Ltd, its directors -- Jils Raichand Madan, Somabhai Sunderbhai Meena and Jyoti Munver for disclosure lapses. Sebi conducted an early investigation for alleged price manipulation in the scrip …

Sebi Imposes Rs 7-Crore Fine on NSE, Rs 5 Cr Each on Chitra Ramkrishna, Ravi Narain in 'Dark Fibre' Case
2 years, 5 months ago

Sebi Imposes Rs 7-Crore Fine on NSE, Rs 5 Cr Each on Chitra Ramkrishna, Ravi Narain in 'Dark Fibre' Case

News 18  

New Delhi: Capital markets regulator Sebi has penalised total 18 entities, including National Stock Exchange and its former chiefs Chitra Ramkrishna and Ravi Narain in the ‘dark fibre’ case. The case relates to the alleged differential access given to certain broking firms in the form of ‘dark fibre’ at NSE, to connect across the colocation facilities before other members. “W2W …

Sebi Bans 6 Persons from Securities Markets in IIFL Group Front Running Case
2 years, 6 months ago

Sebi Bans 6 Persons from Securities Markets in IIFL Group Front Running Case

News 18  

Markets regulator Sebi on Friday barred six persons from the securities market for up to five years for front running the trades of India Infoline Group. In its order, Sebi has barred Santosh Brijraj Singh, who was a dealer of IIFL Group entity and Adil Gulam Suthar from the market for five years, while it prohibited mule account holders — …

Ex-chief of National Stock Exchange sought advice from Himalyan Yogi, says Sebi
2 years, 10 months ago

Ex-chief of National Stock Exchange sought advice from Himalyan Yogi, says Sebi

India Today  

The former head of India's largest stock exchange shared confidential information with a yogi and sought his advice on crucial decisions, a probe by the market regulator has found, ahead of the bourse's much-awaited public listing. In a case of "bizarre misconduct" that was a "glaring breach" of regulations, Chitra Ramkrishna, the former chief executive of National Stock Exchange, shared …

SEBI probed 94 new cases for flouting securities law in FY21
3 years, 4 months ago

SEBI probed 94 new cases for flouting securities law in FY21

India TV News  

As many as 94 fresh cases pertaining to flouting of securities norms were taken up for investigation by the Securities and Exchange Board of India in 2020-21, marking a decline of 42 per cent from the preceding financial year, as per the regulator's latest annual report. "During 2020-21, 94 new cases were taken up for investigation and 140 cases completed …

SEBI Imposes Rs 3 Lakh Penalty On Raj Kundra, Shilpa Shetty, Viaan Industries For Violating Insider Trading Norms
3 years, 4 months ago

SEBI Imposes Rs 3 Lakh Penalty On Raj Kundra, Shilpa Shetty, Viaan Industries For Violating Insider Trading Norms

Live Law  

The Securities and Exchange Board of India has imposed a penalty of Rs 3 lakhs on Viaan Industries and its promoters Shilpa Shetty and her husband Raj Kundra for violating SEBI Regulations, 2015.The order was passed based on an investigation into the tradings of the company listed in Bombay Stock Exchange during the period 2013- 2015.On October 29, 2015, VIL. …

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