Sebi bars 36 entities for fraudulent preferential issue by SMS Techsoft
11 years, 4 months ago

Sebi bars 36 entities for fraudulent preferential issue by SMS Techsoft

Live Mint  

Mumbai: The Securities and Exchange Board of India, or Sebi, on Wednesday restrained SMS Techsoft Ltd., its three promoters, three independent directors, 28 other entities and one Rajesh Mangilal Ranka from accessing or dealing in the securities market till further directions, in connection with allegedly fraudulent dealings in the scrip of SMS Techsoft. Sebi said that following an examination it discovered that the company had issued 30 million equity shares to 31 entities including the three promoters, who are related to Ranka, who was restrained from dealing in the securities market for two years on 28 July, 2010. The preferential allotment was designed merely as a book entry wherein Ranka circulated Rs1.99 crore back and forth between the company and the other allottees, Sebi said. In fact, the entire allotment money funded by Rajesh Ranka had been returned to him in the whole plan without the company getting the proceeds of preferential allotment,” the Sebi order said.

Sebi Ranka Sms Tech Sms Techsoft  sebi  issue  securities  36  company  ranka  entities  shares  sms  promoters  bars  rajesh  restrained  allotment  preferential  techsoft  fraudulent

History of this topic

Sebi penalises 8 entities for non-genuine trades
1 week ago

Sebi penalises 8 entities for non-genuine trades

Live Mint  

New Delhi, Mar 26 Capital markets regulator Sebi on Wednesday imposed penalties totalling ₹40 lakh on eight entities for indulging in non-genuine trades in the illiquid stock options segment on the BSE. In eight separate orders, the watchdog slapped fines of ₹5 lakh each on Dwitiya Trading Ltd, Vineeta Kabra, Puneet Sabharwal HUF, Hemant Purshotamdas Gopani HUF, Mudrikaben Pareshkumar Shah, …

MF norms violation row: Axis AMC, former CEO Chandresh Nigam, others pay ₹6.27 crore to Sebi to settle case
1 week, 1 day 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 …

SEBI Broadens Scope of Unpublished Price Sensitive Information; Details Inside
2 weeks, 6 days ago

SEBI Broadens Scope of Unpublished Price Sensitive Information; Details Inside

ABP News  

Markets regulator Sebi has widened the ambit of the scope of Unpublished Price Sensitive Information by including any proposed fundraising activities agreements which can impact the management or control of the company, restructuring plans, and one-time bank settlements. Sebi said that fraud or defaults by the company, its promoter, director, key managerial personnel, or subsidiary or arrest of key managerial …

SEBI issues warning to Nestle India over insider trading norms breach
3 weeks, 5 days ago

SEBI issues warning to Nestle India over insider trading norms breach

Hindustan Times  

Market watchdog SEBI has issued a warning letter to FMCG major Nestle India over alleged violation of Insider Trading norms by a senior official of the company. REUTERS/Denis Balibouse Nestle India has received an "administrative warning letter" from the Securities and Exchange Board of India by a designated person of the company, according to regulatory filing on Friday. "The Compliance …

Stock market 'fraud': Court orders FIR against ex-Sebi chief Madhabi Puri Buch, 5 others
Top News
1 month ago

Stock market 'fraud': Court orders FIR against ex-Sebi chief Madhabi Puri Buch, 5 others

Deccan Chronicle  

Mumbai, March 2: A special court here has directed the Anti-Corruption Bureau to register an FIR against former Sebi chairperson Madhabi Puri Buch and five other officials in connection with alleged stock market fraud and regulatory violations. Apart from Buch, the other officials against whom the court has ordered registration of the FIR are BSE's Managing Director and Chief Executive …

Mumbai court directs case against Madhabi Buch, top Sebi, stock market officials
1 month ago

Mumbai court directs case against Madhabi Buch, top Sebi, stock market officials

India Today  

A special Anti-Corruption court in Mumbai on Saturday ordered the registration of an FIR against top officials of the Securities and Exchange Board of India including former Sebi Chairperson Madhabi Puri Buch and Bombay Stock Exchange in a case of alleged stock market fraud and regulatory violations. The complainant contended that Sebi officials failed in their statutory duty, facilitated market …

SEBI bans textile company with zero revenue whose stock rose 1,089%: ‘Absurdity and anomalies'
1 month, 3 weeks ago

SEBI bans textile company with zero revenue whose stock rose 1,089%: ‘Absurdity and anomalies'

Hindustan Times  

Market regulator SEBI has banned textile company LS Industries and five other entities from the stock market until further orders after it uncovered bizarre movements in the company's stock price. SEBI uncovers bizarre share transactions and price manipulation of textile company LS Industries' stock. In a notice issued on February 11, the SEBI noted that the shares of LS Industries, …

SEBI Cracks Down On Finfluencer Asmita Patel And 5 Other Entities, Bars Them From Capital Markets
Trending News
1 month, 3 weeks ago

SEBI Cracks Down On Finfluencer Asmita Patel And 5 Other Entities, Bars Them From Capital Markets

ABP News  

The Securities and Exchange Board of India has placed a ban on six entities from the capital markets including finfluencer Asmita Patel for allegations regarding unregistered investment advisory services. The capital markets regulator directed the entities to surrender over Rs 53 crore collected as fees course from participants for several courses, reported PTI. SEBI issued an interim order and show …

Who is Asmita Patel? YouTuber dubbed as ‘She-Wolf of Stock Market’ faces SEBI ban
1 month, 3 weeks ago

Who is Asmita Patel? YouTuber dubbed as ‘She-Wolf of Stock Market’ faces SEBI ban

Hindustan Times  

The Securities and Exchange Board of India has banned YouTuber Asmita Jitesh Patel and her trading school for offering unregistered investment advice. The outlet added that investors lost crores after following her “stock tips.” YouTuber Asmita Jitesh Patel and her trading school faced a SEBI ban. SEBI impounded an amount of ₹53.6 crore from Asmita Patel, her Global School of …

SEBI bans financial influencer Asmita Patel, five others from market, impound illegal gains of more than ₹53 crore
1 month, 3 weeks ago

SEBI bans financial influencer Asmita Patel, five others from market, impound illegal gains of more than ₹53 crore

The Hindu  

Markets regulator Securities and Exchange Board of India has banned six entities, including Asmita Patel Global School and fin-influencer Asmita Patel, from the capital markets for alleged unregistered investment advisory services and directed to disgorge more than ₹53 crore collected as fees from the course participants for various courses. SEBI, through an interim order-cum-show-cause notice passed on Thursday prohibited six …

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, 2 weeks 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 …

Sebi bars smallcap firm and related entities from trading after alarming surge in stock price
2 months, 2 weeks ago

Sebi bars smallcap firm and related entities from trading after alarming surge in stock price

Live Mint  

The Securities and Exchange Board of India has temporarily restrained the trading activities of Pacheli Industrial Finance Ltd following an alarming surge in the Mumbai-based company’s stock price and questions surrounding its financial dealings. “Situations like the one at hand raise fundamental questions about Sebi’s role as the securities market regulator, statutorily mandated to safeguard the interest of the investors,” …

This stock rallied 10,000% over ‘fake’ disclosures and now is in Sebi’s crosshairs. Do you own it?
3 months, 1 week ago

This stock rallied 10,000% over ‘fake’ disclosures and now is in Sebi’s crosshairs. Do you own it?

Live Mint  

Securities and Exchange board of India on Monday suspended trading in shares of Bharat Global Developers Ltd., the latest in a string of crackdowns on companies manipulating their stock price through accounting frauds and fake disclosures. Stocks Rallied Over 10,000% In 1 Year Shares of the Gujarat-headquartered company surged over 10,000% in the 12-month period ending November as it announced …

SEBI suspends trading of Bharat Global Developers over financial misrepresentation
3 months, 1 week 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 …

Sebi suspends trading of Bharat Global Developers shares over financial misrepresentation
Top News
3 months, 1 week ago

Sebi suspends trading of Bharat Global Developers shares over financial misrepresentation

Hindustan Times  

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. The SEBI Bhavan at BKC Bandra in Mumbai Additionally, the regulator has barred the company, its managing director Ashok Kumar Sewada, CEO Mohsin Shaikh and directors --Dinesh Kumar Sharma and Nirali Prabhatbhai Karetha -- and …

Front-running case: Sebi bans 9 entities from mkt, impounds illegal gains of over ₹21 cr
3 months, 1 week ago

Front-running case: Sebi bans 9 entities from mkt, impounds illegal gains of over ₹21 cr

Live Mint  

Market regulator Sebi has uncovered a front-running scheme involving PNB MetLife India Insurance Company equity dealer Sachin Bakul Dagli and eight other entities, who generated illegal gains of ₹21.16 crore. Sebi had conducted an examination into the suspected front running of the trades undertaken by the Big Client, PNB Metlife India Insurance, by certain entities. The regulator, in interim passed …

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 …

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 …

SEBI bans YouTuber Ravinda Balu Bharti for investment scam, slaps ₹9.5 crore fine
3 months, 2 weeks ago

SEBI bans YouTuber Ravinda Balu Bharti for investment scam, slaps ₹9.5 crore fine

Live Mint  

The Securities and Exchange Board of India has banned YouTube finfluencer Ravindra Balu Bharti and his company from dealing in or accessing the securities markets until April 4, 2025, and slapped a ₹9.49 crore fine for “unlawful gains,” according to a PTI report. Bharti and his three associates allegedly ran an unregistered investment advisory business under the name Ravindra Bharti …

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

Paytm Shares Up Over 3% After Clarification On Sebi Show Cause Notice
7 months ago

Paytm Shares Up Over 3% After Clarification On Sebi Show Cause Notice

News 18  

Paytm shares rose 3 per cent after the fintech company issued a clarification on the media news saying “Vijay Shekhar Sharma, Paytm directors face Sebi show-cause notices over IPO breaches”. “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 disclosures on this matter …

Paytm issues clarification on SEBI notice, says ‘not a new development’
7 months, 1 week 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
7 months, 1 week 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’s Buch Under Pressure: Can India’s Market Watchdog Chief Weather the Storm?
7 months, 2 weeks 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 …

Sebi bans Omaxe, its chairman, MD others from securities mkt for two years
8 months ago

Sebi bans Omaxe, its chairman, MD others from securities mkt for two years

Hindustan Times  

New Delhi, Jul 30 Sebi on July 30 barred real estate firm Omaxe, its chairman Rohtas Goel, managing director Mohit Goel and three others from the securities market for two years for irregularities in the company's financial statements. Sebi on July 30 barred real estate firm Omaxe, its chairman Rohtas Goel, managing director Mohit Goel and three others from the …

Sebi chief Madhabi Buch urges industry to report market misconduct
8 months, 4 weeks ago

Sebi chief Madhabi Buch urges industry to report market misconduct

Live Mint  

In a call to action, market regulator Securities and Exchange Board of India has urged industry stakeholders to proactively report any malpractices within their sectors. This, Sebi chairperson Madhabi Puri Buch emphasized, is crucial to maintaining investor trust—a cornerstone for a growing market. Amid this surge, Sebi has implemented stricter measures to ensure market integrity, including stringent instructions to regulated …

Sebi closes probe into former Unitech promoters, cites lack of evidence
9 months, 1 week ago

Sebi closes probe into former Unitech promoters, cites lack of evidence

Live Mint  

The Securities and Exchange Board of India has closed an investigation against Unitech Ltd's former promoters Sanjay Chandra and Ajay Chandra over allegations of stock manipulation. Lack of sufficient corroborative evidence Sebi chief general manager G. Ramar, the adjudicating officer in the case, observed in the order that there was a lack of sufficient corroborative evidence to establish the allegation …

Sebi to question Zee top bosses Subhash Chandra and Punit Goenka: Report
1 year, 1 month ago

Sebi to question Zee top bosses Subhash Chandra and Punit Goenka: Report

Hindustan Times  

The Securities and Exchange Board of India is set to question Zee Entertainment Enterprises' top management- founder Subhash Chandra an chief executive and managing director Punit Goenka- on the alleged fund diversion at the media firm, Economic Times reported citing two people in the know. In June last year, Sebi said that ₹200 crore from Zee were diverted through related …

Sebi bars 15 market experts, analysts for "unlawful gain", fines Rs 7.41 crore
1 year, 1 month ago

Sebi bars 15 market experts, analysts for "unlawful gain", fines Rs 7.41 crore

India TV News  

Market regulator Sebi has issued an interim order directing several guest experts who appeared on a media channel to pay up to Rs 7.41 crore, deemed an "unlawful gain" that they acquired by taking positions opposite to the ones they advised on air. The list of individuals and entities implicated in the order includes Simi Bhaumik, Mudit Goyal, Himanshu Gupta, …

Shielding SEBI: On Supreme Court’s ruling and SEBI probe
1 year, 2 months 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 …

Sebi orders Raju and others to pay back Rs 1,747 crore in Satyam case
1 year, 4 months ago

Sebi orders Raju and others to pay back Rs 1,747 crore in Satyam case

Deccan Chronicle  

Hyderabad: Markets regulator Sebi has ordered former chairman of Satyam Computers Services B. Ramalinga Raju and five others to pay back Rs 624 crore of unlawful gains that were made in stock sale along with an interest of 12 per cent. Apart from Ramalinga Raju, others named in the order include his brothers B Rama Raju and B Suryanrayana Raju, …

SEBI bans 'Baap of Chart', other entities for unauthorised investment advisory services | DETAILS
1 year, 5 months ago

SEBI bans 'Baap of Chart', other entities for unauthorised investment advisory services | DETAILS

India TV News  

SEBI bans 'Baap of Chart', other entities for unauthorised investment advisory services | DETAILS Baap of Chart SEBI: In its 45-page interim order cum show cause notice, SEBI found that Rs 17.21 crore has been accumulated during a period of just over two years from carrying out investment advisory activities, which are both unregistered and fraudulent. Baap of Chart SEBI: …

SEBI suggests maintaining a distance between intermediaries and ‘finfluencers’. Here are 4 key reasons
1 year, 7 months ago

SEBI suggests maintaining a distance between intermediaries and ‘finfluencers’. Here are 4 key reasons

Live Mint  

The Securities and Exchange Board of India has introduced a proposal to limit interactions between its regulated entities and unregistered “finfluencers”. SEBI said in its consultation paper, “No SEBI registered intermediaries/regulated entities or their agents/representatives shall, directly or indirectly, have any association/relationship in any form, whether monetary or non-monetary, for any promotion or These proposed regulations would mandate that SEBI-regulated …

SEBI still probing 13 overseas entities’ holdings in Adani group
1 year, 7 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, 7 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. …

IIFL Securities shares tank over 18% on Sebi order
1 year, 9 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 …

An unclean chit: The Hindu Editorial on the SEBI investigation and Hindenburg Research’s allegations
1 year, 10 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 slaps ₹25 lakh fine on 5 entities for non-genuine trades
1 year, 11 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 …

SEBI sets buying, selling of MFs under insider trading rules
2 years, 4 months ago

SEBI sets buying, selling of MFs under insider trading rules

The Hindu  

Capital markets regulator SEBI has amended norms to bring buying and selling of mutual fund units under the ambit of insider trading rules. At present, insider trading rules are applicable to dealing in securities of listed companies or those proposed to be listed, when in possession of Unpublished Price Sensitive Information. "No insider shall trade in the units of a …

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 bars 3 individuals from securities market for illegal investment advisory
2 years, 7 months ago

Sebi bars 3 individuals from securities market for illegal investment advisory

Live Mint  

Markets regulator Securities and Exchange Board of India on 31 August banned three individuals from the securities markets for providing unauthorised investment advisory services. The latest proceedings took place after SEBI issued a show cause notice dated 31 July, 2021 to RNS Global Capital and its proprietors' -- Lakhan Chouhan, Rohit Soni and Shivani Thakur -- alleging that they were …

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 …

EXPLAINED | What Is Reliance Stock Allotment Case? Here's A Timeline Of The Controversy
2 years, 7 months ago

EXPLAINED | What Is Reliance Stock Allotment Case? Here's A Timeline Of The Controversy

ABP News  

Indian conglomerate Reliance Industries has moved Supreme Court and filed a contempt petition against capital market regulator Securities and Exchange Board of India alleging ‘wilful disobedience’, The Economic Times published on Monday. According to the report by ET, Reliance filed the petition regarding an order of the apex court that had directed the Sebi to give the company access to …

SEBI attaches demat, bank accounts of individual in Acclaim Industries case
2 years, 9 months ago

SEBI attaches demat, bank accounts of individual in Acclaim Industries case

Live Mint  

The Securities and Exchange Board of India on Thursday ordered attachment of bank accounts as well as share and mutual fund accounts of an individual to recover investors' dues totaling ₹73.58 lakh in the matter related to trading in Acclaim Industries shares. The recovery proceedings against Abhishek Mehta for ₹73.58 lakh includes interest of 12 per cent per annum i.e. …

Sebi Bans 6 Persons from Securities Markets in IIFL Group Front Running Case
2 years, 9 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 — …

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 …

Ex-chief of National Stock Exchange sought advice from Himalyan Yogi, says Sebi
3 years, 1 month 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 …

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