Six entities pay ₹3.49 crore to settle front-running trade case with Sebi
3 months, 1 week ago

Six entities pay ₹3.49 crore to settle front-running trade case with Sebi

The Hindu  

Six entities, including Samir Kothari and Jitendra N. Kewalramani, has settled with Sebi in a case pertaining to the suspected front-running of trades by paying ₹3.49 crore towards settlement charges. These included disgorgement of unlawful gain totalling ₹2.06 crore along with 12 per cent interest per annum from the date of the impugned transaction to the date of filing of the settlement application for disgorgement to be paid by Samir Kothari, Kuntal Goel and Jitendra N Kewalramani. The order came after Sebi received four separate settlement applications from the applicants in March 2024, proposing to settle the instant proceedings through a settlement order "without admitting or denying the allegations". "It is hereby ordered that the proceedings initiated against the applicants, vide show cause notice dated January 24, 2024, is disposed of," Sebi's Chief General Manager Santosh Shukla said in the settlement order.

Settlement Sebi Applicants Settle Entities Jitendra Kothari Kewalramani Six Entities Kuntal Jitendra N Kewalramani Samir Kothari Kuntal Goel Certain Entities  crore  kewalramani  case  349  kuntal  frontrunning  pay  applicants  trade  n  orders  settle  settlement  kothari  entities  sebi  jitendra

History of this topic

MF norms violation row: Axis AMC, former CEO Chandresh Nigam, others pay ₹6.27 crore to Sebi to settle case
5 days, 4 hours ago

MF norms violation row: Axis AMC, former CEO Chandresh Nigam, others pay ₹6.27 crore to Sebi to settle case

Live Mint  

Axis Asset Management Company, its Trustee, former CEO Chandresh Kumar Nigam and three other individuals have settled with Sebi a case of alleged failures in monitoring the activities of dealers, leading to the front-running of Axis Mutual Fund trades. The settlement also includes former compliance officer Darshan Kapadia, ex-head of equity Jinesh Gopani and former dealer at the AMC Pawan …

Six entities pay ₹4.14 crore to settle FPI rule violation case with Sebi
1 week, 2 days ago

Six entities pay ₹4.14 crore to settle FPI rule violation case with Sebi

Live Mint  

New Delhi, Mar 21 Six entities, including US-based investment firm Acacia Partners and its affiliates, have settled a case pertaining to alleged FPI rules violation, after paying ₹4.14 crore towards the settlement amount. Acacia Partners, its affiliates and Conifer Management LLC had filed suo-motu settlement applications in terms settlement proceedings norms proposing to settle by neither "admitting nor denying the …

Lack of evidence: CBI court drops charges against key accused in Yes Bank-DHFL fraud case
2 weeks ago

Lack of evidence: CBI court drops charges against key accused in Yes Bank-DHFL fraud case

Hindustan Times  

MUMBAI: A special court designated under the Central Bureau of Investigation court has declined to proceed against stockbroker Sanjay Dangi and real estate developers Shahid Balwa and Vinod Goenka in the Yes Bank-DHFL loan fraud case, citing a lack of evidence. Lack of evidence: CBI court drops charges against key accused in Yes Bank-DHFL fraud case The CBI’s charge sheet, …

CBI books two I-T officers in 2 separate corruption cases
2 weeks, 3 days ago

CBI books two I-T officers in 2 separate corruption cases

Hindustan Times  

MUMBAI: The Mumbai unit of the Central Bureau of Investigation has booked an Income Tax Officer for allegedly demanding a bribe of ₹5 lakh from a city-based senior citizen for non-issuance of a demand notice of ₹1 crore against his purported tax assessment dues. The complainant told the CBI that her father, who is a “heavy tax payer”, had received …

Paytm Money pays ₹45.5 lakh to settle market norms violation case with Sebi
1 month, 2 weeks ago

Paytm Money pays ₹45.5 lakh to settle market norms violation case with Sebi

The Hindu  

Paytm Money, an arm of fintech firm One97 Communications, on Thursday settled with markets regulator Sebi a case pertaining to alleged violation of norms after paying ₹45.50 lakh in settlement amount. The order came after Paytm Money filed a settlement application in September last year, proposing to settle the instant proceedings initiated against it, without "admitting or denying the findings …

SEBI fines Motilal Oswal ₹7 lakh for violating stock brokerage regulations: Report
2 months ago

SEBI fines Motilal Oswal ₹7 lakh for violating stock brokerage regulations: Report

Live Mint  

India's capital market regulator, the Securities and Exchange Board of India, on Thursday, January 30, fined the brokerage Motilal Oswal Financial Services ₹7 lakh after conducting an investigation over an alleged violation of stock brokerage regulations, reported multiple media outlets. “After taking into consideration the facts and circumstances of the case, materials available on record, submissions made by the Noticee …

Front running case: Sebi bans 2 persons from securities market for 6-month
2 months ago

Front running case: Sebi bans 2 persons from securities market for 6-month

Live Mint  

New Delhi, Markets regulator Sebi on Tuesday restrained two persons from the securities market for six months and directed them to disgorge ₹34.26 lakh "wrongful gains" made by them through their involvement in front-running activities. Ltd. in the cash market and equity derivatives segments of NSE by its dealer Kadam in the trading account of Bhatkar based on the impending …

Sebi settles adjudication proceedings against Paytm executives
2 months, 1 week ago

Sebi settles adjudication proceedings against Paytm executives

Live Mint  

Mumbai: Markets regulator Securities and Exchange Board of India has settled adjudication proceedings against several executives and independent directors of One97 Communications Ltd, the parent of fintech firm Paytm, for alleged violations of securities laws. The adjudication proceedings stemmed from concerns raised by Sebi in July 2023 regarding the actions of Amit Khera, Paytm’s then-compliance officer and company secretary, as …

HC issues notice to CBI in ex-Axis MF manager’s front-running fraud case
2 months, 3 weeks ago

HC issues notice to CBI in ex-Axis MF manager’s front-running fraud case

Hindustan Times  

Mumbai: The Bombay High Court on Friday issued a notice to the Central Board of Investigation in a plea related to an alleged multi crore mutual fund scam case against Viresh Joshi, a former manager at Axis Mutual Fund, and others, in connection with the multi-crore ‘front-running’ fraud. A bench of justice Revati Mohite-Dere and justice Dr. Neela Gokhale was …

Six entities pay ₹3.49 crore to settle front-running trade case with Sebi
3 months, 1 week ago

Six entities pay ₹3.49 crore to settle front-running trade case with Sebi

Hindustan Times  

Six entities, including Samir Kothari and Jitendra N Kewalramani, has settled with Sebi in a case pertaining to the suspected front-running of trades by paying ₹3.49 crore towards settlement charges. These included disgorgement of unlawful gain totalling ₹2.06 crore along with 12 per cent interest per annum from the date of the impugned transaction to the date of filing of …

SC dismisses Sebi’s ₹25 crore penalty plea against Mukesh Ambani in RPL share manipulation case
4 months, 2 weeks 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 …

ICICI Securities Settles Regulatory Case With SEBI For ₹69.82 Lakh
7 months ago

ICICI Securities Settles Regulatory Case With SEBI For ₹69.82 Lakh

Live Law  

ICICI Securities Limited has reached a settlement with the Securities and Exchange Board of India to resolve a case involving alleged regulatory violations. The report noted issues with site visit reports and the lack of adequate documentary evidence supporting the objectives of public issues managed by ICICI Securities. In addition to resolving the regulatory case, ICICI Securities is seeking to …

Sebi imposes ₹11 lakh penalty on IIFL Securities for violating stock broker regulations
7 months, 1 week ago

Sebi imposes ₹11 lakh penalty on IIFL Securities for violating stock broker regulations

Live Mint  

Capital market regulator Sebi on Wednesday slapped a fine of ₹11 lakh on brokerage firm IIFL Securities for flouting stock broker rules and other regulatory norms. Sebi conducted an inspection of IIFL Securities Ltd covering the period from April to July 2022 to assess the firm’s adherence to regulatory requirements. In its 35-page order, Sebi noted that IIFL Securities acknowledged …

Dilip Khedkar disproportionate assets case: Complainant submits 2,000-page evidence to ACB
8 months, 1 week ago

Dilip Khedkar disproportionate assets case: Complainant submits 2,000-page evidence to ACB

Hindustan Times  

Advocate Tanaji Gambhire, complainant in a disproportionate assets case related to Dilip Khedkar, father of IAS probationer Puja Khedkar, has submitted over 2,000 pages of evidence to the Anti-Corruption Bureau Pune division. Authorities had issued a suspension order to Dilip on February 24, 2020, after a departmental inquiry found that he threatened 300-400 small businessmen for extortion while posted in …

Raselle Capital VCC settles FPI violation case with Sebi, pays Rs 1.23 cr
8 months, 4 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 …

CBI arrests Dheeraj Wadhawan in Rs 34,000 crore DHFL bank fraud investigation
10 months, 2 weeks ago

CBI arrests Dheeraj Wadhawan in Rs 34,000 crore DHFL bank fraud investigation

India TV News  

The Central Bureau of Investigation made a significant breakthrough on Tuesday as it apprehended Dheeraj Wadhawan in connection with the Rs 34,000 crore DHFL bank fraud probe. SEBI's actions In February of this year, the Securities Exchange Board of India took action by ordering the attachment of bank accounts, shares, and mutual fund holdings belonging to former DHFL promoters Dheeraj …

ACB recovers ₹72 lakh from HAFED GM’s Panchkula residence
1 year, 3 months ago

ACB recovers ₹72 lakh from HAFED GM’s Panchkula residence

Hindustan Times  

A day after the anti-corruption bureau, Karnal unit, arrested three officials of HAFED posted at Taraori in a graft case and recovered ₹12.52 lakh from them, the team seized a sum of ₹72 lakh from a property of general manager on Saturday. ACB officials said that on Friday, GM Pradeep was caught red-handed while accepting ₹3.5 lakh bribe, and a …

SEBI (Settlement Proceedings) Amendment Regulations, 2023 | SEBI Empowers Panel Of Whole Time Members For Settlement Proceedings
1 year, 7 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 …

Bombay High Court orders Bigg Boss fame Armaan Kohli to pay Rs 50 lakh to ex-girlfriend in assault case
1 year, 8 months ago

Bombay High Court orders Bigg Boss fame Armaan Kohli to pay Rs 50 lakh to ex-girlfriend in assault case

India TV News  

Bombay High Court orders Bigg Boss fame Armaan Kohli to pay Rs 50 lakh to ex-girlfriend in assault case In the five-year-old assault case, the Bombay High Court has ordered Armaan Kohli to pay Rs 50 lakh as settlement to his ex-girlfriend Neeru Randhawa. The Bombay High Court on Tuesday ordered former Bigg Boss contestant Armaan Kohli to either pay …

Sebi slaps Rs 20 lakh on 4 entities for non-genuine trades
1 year, 9 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 …

Supreme Court To Hear SEBI's Challenge Against SAT Order Granting Relief To NDTV Promoters Prannoy Roy & Radhika Roy After Two Weeks
2 years, 4 months ago

Supreme Court To Hear SEBI's Challenge Against SAT Order Granting Relief To NDTV Promoters Prannoy Roy & Radhika Roy After Two Weeks

Live Law  

The Supreme Court on Monday adjourned the hearing of the Securities and Exchange Board of India's challenge against the Securities Appellate Tribunal's order that reduced penalties imposed on NDTV promoters Prannoy Roy, Radhika Roy for allegedly concealing price sensitive information from shareholders. On July 20, the SAT at Mumbai had set aside the findings of the SEBI which held the …

SEBI bars Bombay Dyeing, Ness Wadia, others from securities market for up to two years; imposes fines of ₹15.75 crore
2 years, 5 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, 7 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 slaps ₹1.6 cr penalty on Kotak AMC chief, 6 others for flouting MF rules
2 years, 8 months ago

SEBI slaps ₹1.6 cr penalty on Kotak AMC chief, 6 others for flouting MF rules

Live Mint  

Capital markets regulator Sebi on Thursday slapped penalties totaling ₹1.6 crore on seven entities, including Kotak Mahindra Trustee Company and Managing Director of Kotak AMC Nilesh Shah, for flouting rules pertaining to mutual funds while investing in Essel Group companies. Others penalised by Sebi are Kotak AMC's fund managers -- Lakshmi Iyer, Deepak Agarwal, Abhishek Bisen -- Compliance Officer Jolly …

Sebi Imposes Rs 7-Crore Fine on NSE, Rs 5 Cr Each on Chitra Ramkrishna, Ravi Narain in 'Dark Fibre' Case
2 years, 9 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 …

Insider Trading Case: SAT Lifts Restrictions Imposed By SEBI On Infosys Employees
2 years, 10 months ago

Insider Trading Case: SAT Lifts Restrictions Imposed By SEBI On Infosys Employees

Live Law  

The Securities Appellate Tribunal, Mumbai consisting of Justice Tarun Agarwala and Justice M.T. The preliminary examination revealed that Senior Corporate Counsel was in close connection with another employee, Mr. Venkata Subramaniam, who was a Senior Principal, Corporate Accounting Group, and was a designated person, who was reasonably expected to have access to and be in possession of UPSI, and, therefore, …

CBI questions Anand Subramanian in co-location and algo scam case
3 years, 1 month ago

CBI questions Anand Subramanian in co-location and algo scam case

The Hindu  

The Central Bureau of Investigation has questioned former National Stock Exchange Group Operating Officer Anand Subramanian in a 2018 case related to the alleged abuse of server architecture of the exchange to provide access to a private company to the data before any other broker. It was alleged that the company was given preferential access to the market data feed …

HC orders notice to SEBI on plea against DHFL
3 years, 9 months ago

HC orders notice to SEBI on plea against DHFL

Live Mint  

The Madras High Court on Tuesday ordered notice to the Securities and Exchange Board of India on a PIL demanding investigation by it into the alleged fraudulent activities of the Dewan Housing Finance Corporation Ltd. "According to the petitioner, investors may have lost in excess of ₹40,000 crore, with regulators, credit-rating agencies, auditors and others who were required to vet …

Sun Pharma, Officials Settle Case of Alleged Market Norms Violation with Sebi
4 years, 1 month ago

Sun Pharma, Officials Settle Case of Alleged Market Norms Violation with Sebi

News 18  

Sun Pharmaceutical Industries Ltd and its senior officials, including Managing Director Dilip Shanghvi, on Thursday settled with regulator Sebi a case pertaining to alleged violation of listing obligation and disclosure requirements norms. In addition, Chief Financial Officer Uday Baldota and compliance officers Sunil Ajmera and Ashok I Bhuta paid their respective settlement amounts which were in the range of Rs …

Appeal Against SEBI Order- NDTV Promoters To Deposit 50% Of The Amount To SEBI Within 4 Weeks: Securities Appellate Tribunal
4 years, 2 months ago

Appeal Against SEBI Order- NDTV Promoters To Deposit 50% Of The Amount To SEBI Within 4 Weeks: Securities Appellate Tribunal

Live Law  

A bench of the Securities Appellate Tribunal, Mumbai comprising of Justice Tarun Agarwala, Dr. CKG Nair and Justice MT Joshi in two similar orders directed the two NDTV promoters, Prannoy Roy and Radhika Roy to deposit 50% of the disgorged amount before the Securities Exchange Board of India within four weeks. The SAT was hearing two appeals preferred by the …

SEBI moves SC for payment of ₹ 62K crore from Sahara firms, wants Subrata Roy in custody if not paid
4 years, 4 months ago

SEBI moves SC for payment of ₹ 62K crore from Sahara firms, wants Subrata Roy in custody if not paid

The Hindu  

Markets regulator SEBI has moved the Supreme Court seeking direction to two Sahara firms to pay ₹ 62,602.90 crore in compliance with the court’s earlier orders, failing which the group’s chief Subrata Roy be taken into custody. SEBI said the contemnors, Roy and his two firms — Sahara India Real Estate Corporation Ltd. and Sahara Housing Investment Corporation Ltd. — …

Sebi penalizes NSE for irregularities in compensation of its former top bosses
4 years, 7 months ago

Sebi penalizes NSE for irregularities in compensation of its former top bosses

Live Mint  

The Securities and Exchange Board of India on Tuesday imposed a penalty of ₹50 lakh on the National Stock Exchange of India for irregularities in compensating its former top bosses Ravi Narain and Chitra Ramkrishna. The order of the regulator said NSE had violated norms as it made amendments to the compensation policy of senior management without regulatory approval, which …

Bombay HC Dismisses Challenge By NDTV Promoters Prannoy Roy & Radhika Roy Against SEBI Notices
5 years, 2 months ago

Bombay HC Dismisses Challenge By NDTV Promoters Prannoy Roy & Radhika Roy Against SEBI Notices

Live Law  

The Bombay High Court on Monday dismissed a writ petition filed by Prannoy Roy and Radhika Roy, promoters of New Delhi Television challenging a show-cause notice issued by Securities and Exchange Board of India for alleged violation of Sections 12 a and 12 a of Securities and Exchange Board of India Act read with Prohibition of Insider Trading Regulations, 1992. …

Individual settles case of alleged fraudulent trading with Sebi by paying over Rs 2.3 crore
5 years, 4 months ago

Individual settles case of alleged fraudulent trading with Sebi by paying over Rs 2.3 crore

India TV News  

An individual has settled with markets regulator Sebi a case of alleged fraudulent trading in IPOs of IDFC, Sasken and Suzlon by paying over Rs 98 lakh as settlement charges and disgorging over Rs 1 crore of unlawful gains. It was alleged that a group of financiers provided finance to key operators towards making multiple applications in the IPOs and …

Madras HC issues notice to SEBI, MCA, ED in NSE co-location case
5 years, 5 months ago

Madras HC issues notice to SEBI, MCA, ED in NSE co-location case

India TV News  

The Madras High Court has admitted a Public Interest Litigation filed by the Chennai Financial Markets and Accountability in the National Stock Exchange co-location case and issued notices to the SEBI, the Ministry of Corporate Affairs, the CBI, Enforcement Directorate and the NSE. The order copy dated September 27 also said that the PIL brought to the knowledge of the …

Sebi settles insider trading case in Sabero Organics matter for Rs 1 crore
5 years, 6 months ago

Sebi settles insider trading case in Sabero Organics matter for Rs 1 crore

India TV News  

Markets regulator Sebi has settled an alleged insider trading case with an individual in Sabero Organics Ltd matter on payment of over Rs 1 crore as settlement charges and disgorgement of illegal gains. The information related to the acquisition of Sabero Organics by Coromandel was deemed to be a price sensitive information and the period between May 15, 2011 to …

Sebi imposes Rs 12 lakh fine on ICICI Bank, compliance officer for disclosure lapses
5 years, 6 months ago

Sebi imposes Rs 12 lakh fine on ICICI Bank, compliance officer for disclosure lapses

India TV News  

Capital markets regulator Sebi on Thursday levied a total fine of Rs 12 lakh on ICICI Bank Ltd and its compliance officer Sandeep Batra for disclosure lapses, including delayed disclosure of binding agreement signed with Bank of Rajasthan. The probe revealed that ICICI Bank failed to disclose the information regarding signing of the binding agreement to the stock exchanges in …

Sebi imposes ₹12 lakh fine on ICICI Bank, compliance officer for disclosure lapses
5 years, 6 months ago

Sebi imposes ₹12 lakh fine on ICICI Bank, compliance officer for disclosure lapses

Live Mint  

Capital markets regulator Sebi on Thursday levied a total fine of ₹12 lakh on ICICI Bank Ltd and its compliance officer Sandeep Batra for disclosure lapses, including delayed disclosure of binding agreement signed with Bank of Rajasthan. The probe revealed that ICICI Bank failed to disclose the information regarding signing of the binding agreement to the stock exchanges in a …

Sebi imposes ₹40 lakh penalty on Indore based investment advisory firm
5 years, 7 months ago

Sebi imposes ₹40 lakh penalty on Indore based investment advisory firm

Live Mint  

Text messages, emails or calls from firms in Indore offering stock tips are one of the most common types of spam communications that Indians receive. In a rare instance however, market regulator Sebi has acted against one such firm – Indore based StarIndia Market Research, imposing a penalty of ₹40 lakh on the firm. The firm contended that it had …

SAT upholds SEBI penalty of ₹2.10 crore on NDTV, ₹3 lakhs each on 3 directors for not disclosing tax demand on time
5 years, 7 months ago

SAT upholds SEBI penalty of ₹2.10 crore on NDTV, ₹3 lakhs each on 3 directors for not disclosing tax demand on time

Op India  

The Securities Appellate Tribunal has upheld two orders of SEBI imposing a penalty of ₹2 crore on NDTV and ₹20 lakh on the company and the directors of the company. Of this, ₹25 lakh was imposed for failing to furnish information on time, and ₹1.75 crore fine was imposed for failing to comply with listing conditions In 2018, SEBI had …

Sebi slaps Rs 65 lakh fine on individual for fraudulent trading
5 years, 8 months ago

Sebi slaps Rs 65 lakh fine on individual for fraudulent trading

India TV News  

Markets regulator Sebi Wednesday slapped a fine of Rs 65 lakh on an individual for indulging in fraudulent trading in the illiquid stock options segment at BSE. The order follows a probe conducted by Sebi between April 2014 and September 2015 after it observed that 81.38 percent of all the trades executed in stock options segment of the bourse were …

NCLAT asks Vikram Bakshi to file affidavit on proceeds from McDonald’s deal
5 years, 8 months ago

NCLAT asks Vikram Bakshi to file affidavit on proceeds from McDonald’s deal

Live Mint  

New Delhi: The National Company Law Appellate Tribunal on Wednesday asked Vikram Bakshi, estranged Indian partner of McDonald's, to file an affidavit within a week detailing the amount he has received from the sale of his shares in CPRL as part of his settlement with the US-based fast food chain. A two-member NCLAT bench headed by Chairman Justice S J …

CBI arrests 2 high-ranking officers of CGST in bribery case
5 years, 9 months ago

CBI arrests 2 high-ranking officers of CGST in bribery case

India TV News  

The CBI on Thursday arrested two senior employees of Central Goods and Service Tax based in Patna for demanding and receiving a bribe of Rs 2.5 lakh. The arrested officers are identified as Chandan Prakash Pandey, a 2016 batch Indian Revenue Service officer and Assistant Commissioner and Mohammed Soaibuddin, Superintendent. The accused were allegedly caught red-handed while accepting the bribe …

Fraudulent trade: Sebi imposes Rs 10 lakh fine on four individuals
5 years, 9 months ago

Fraudulent trade: Sebi imposes Rs 10 lakh fine on four individuals

India TV News  

Markets regulator Sebi Monday imposed a total fine of Rs 10 lakh on four individuals for manipulating the share price of Shree Shaleen Textiles Ltd. Anjana Arun Karwa, Jayeshkumar Narottamdas Gandhi, Bharati Jayesh Gandhi, Deval Jayesh Gandhi are the four facing the penalty, as per Sebi's separate orders. The regulator had conducted probe from March 2012 to March 2013 relating …

Sebi fines 4 entities Rs 21 lakh for fraudulent trading in BSE stock options
5 years, 9 months ago

Sebi fines 4 entities Rs 21 lakh for fraudulent trading in BSE stock options

India TV News  

Markets regulator Sebi has imposed a total fine of Rs 21 lakh on four entities for carrying out fraudulent trades in the illiquid stock options segment on the BSE. ENPAR Fortune Pvt Ltd, Flyhigh Exports Pvt Ltd, and Anuj Katta were fined Rs 5 lakh each, while Arham Share Consultants Pvt Ltd has levied a penalty of Rs 6.20 lakh, …

NDTV to file appeal against Sebi order imposing Rs 12 lakh fine for disclosure lapses
5 years, 9 months ago

NDTV to file appeal against Sebi order imposing Rs 12 lakh fine for disclosure lapses

India TV News  

News broadcaster New Delhi Television Ltd on Wednesday said it will file an appeal against Sebi's decision to impose a penalty of Rs 12 lakh on the company for failing to make timely disclosures to the stock exchanges. The capital markets regulator noted that Indiabulls Financial Services in January 2008 acquired 40 lakh shares of NDTV, amounting to 6.40 per …

Sebi imposes Rs 12 lakh fine on NDTV for disclosure lapses
5 years, 9 months ago

Sebi imposes Rs 12 lakh fine on NDTV for disclosure lapses

India TV News  

Markets regulator Sebi has imposed a penalty of Rs 12 lakh on New Delhi Television Ltd for failing to make timely disclosures to the stock exchanges. Sebi noted that Indiabulls Financial Services in January 2008 acquired 40 lakh shares of NDTV, amounting to 6.40 per cent of the total share capital of the firm. Further, the promoters of NDTV acquired …

Sebi fines 14 individuals Rs 42 lakh for manipulative trade
5 years, 9 months ago

Sebi fines 14 individuals Rs 42 lakh for manipulative trade

India TV News  

Markets regulator Sebi has slapped a total fine of Rs 42 lakh on 14 individuals for executing fraudulent trade in shares of Kushal Tradelink Ltd. "It is established that noticees had contributed to manipulation in the scrip price of KTL, besides trading among themselves and indulging in synchronized and reversal trades, which are manipulative/unfair/fraudulent in nature," Sebi said in an …

SEBI imposes Rs 60 lakh fine on 9 entities for fraudulent trading in scrip of Exdon Trading Company
5 years, 10 months ago

SEBI imposes Rs 60 lakh fine on 9 entities for fraudulent trading in scrip of Exdon Trading Company

Firstpost  

The SEBI conducted an investigation into the trading of the scrip of Exdon between May 2013 and March 2015, and found that the entities were connected to each other. New Delhi: Market regulator SEBI has slapped a total penalty of Rs 60 lakh on nine entities for indulging in manipulative trading in the scrip of Exdon Trading Company Ltd. Out …

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