BUSINESS
NCLAT upholds MCA's move to freeze assets of independent directors in PNB fraud case
These directors belong to companies owned by Nirav Modi and Mehul Choksi
ECONOMY
Changing auditors? Corporate affairs ministry wants to know handover process
The government wants to know the extent to which some details about a company is shared by an outgoing auditor with the incoming one
BUSINESS
Turf war: SEBI, MCA may be on collision course over issue of regulating auditors
Although the Union Cabinet has given the nod to establish a separate regulator for CAs, it seems like SEBI still wants to regulate auditors.
BUSINESS
MCA probing 22 listed companies for misusing funds raised via IPOs
The Ministry of Corporate Affairs (MCA) is probing 22 listed companies for suspected misuse of funds raised through initial public offerings.
BUSINESS
SFIO probing Ruchi Soya's Rs 1,420-cr overseas transaction: Sources
On May 15, Ruchi Soya had declared to the exchanges that it had received a letter from the SFIO regarding an investigation into its affairs.
BUSINESS
Pune police arrest Bank of Maharashtra chief in DS Kulkarni case
Marathe was arrested for alleged misusing of power in sanctioning loans to shell companies of the bank.
IPO
Sebi may announce tweaks to ICDR rules at Jun 21 board meet
The Securities and Exchange Board of India (SEBI) could amend the Issue of Capital and Disclosure Requirements (ICDR) after analysing public opinion during its board meeting scheduled for June 21.
BUSINESS
ED files fresh charges against Vijay Mallya under new regulation: Sources
Sources have said that all of Mallya's assets attached in relation to the IDBI Bank-Kingfisher Airlines bank loan fraud case, will be auctioned under the new law.
BUSINESS
MCA probing 42 listed companies for ‘financial irregularities’ as auditors quit
The probe will focus on finding whether there were any financial irregularities at the firms along with ascertaining the real reason behind the auditors’ resignation
BUSINESS
MCA gets first breakthrough in large cash deposits by 4 shell cos after demonetisation
Four Maharashtra-based companies admitted to investigators that were just ‘shell’ entities used to deposit cash worth Rs 450 crore
BUSINESS
SFIO begins probe into Aircel on suspicion of siphoning funds
A source told Moneycontrol that the MCA’s Registrar of Companies had carried out an extensive investigation into these companies and found several instances of funds being siphoned off.
BUSINESS
BSE, NSE may face challenges in getting settlement prices for non-agri commodities
New commodity exchanges need to ink contracts with exchanges abroad to get settlement prices for crude oil, base metals and natural gas contracts that they offer
BUSINESS
Kotak Mahindra Bank is in no mood to sell its 15% stake in MCX: Uday Kotak
However, the billionaire banker refused to divulge more details on the reasons behind his decision to hold on to the stake
BUSINESS
SEBI may take up Deloitte, E&Y forensic reports at June 21 board meet
A whistle-blower had alleged that certain brokers who availed NSE’s co-location facility, got preferential access to price feeds by conniving with some exchange employees.
BUSINESS
ED action to be in spotlight this week, chargesheet in Mehul Choksi case by Friday
The directorate, which has been in the thick of action, had last week quizzed Rajasthan Royals co-owner Raj Kundra for over 10 hours in a Rs 2000-crore bitcoin scam.
BUSINESS
ED interrogates Raj Kundra over Bitcoin scam for more than 10 hours
At the time of publication, the interrogation was still ongoing. Kundra was being interrogated for his alleged dealings with Amit Bhardwaj.
BUSINESS
EXCLUSIVE | In opaque arrangement, Aon handles Indian clients through local partner
Aon does not have an insurance broking licence in India and had exited its Aon Global joint venture citing 'regulatory changes'
BUSINESS
EXCLUSIVE: AirAsia boss Tony Fernandes asked ex-CEO Chandilya to hire lobbying firm
HRN Trading's director Rajendra Dubey was questioned by CBI last week as part of investigation into the alleged attempt to amend/change 5/20 aviation rule
BUSINESS
Co-location case: CBI team visits NSE to collect documents on OPG
A team of the Central Bureau of Investigation visited the National Stock Exchange on Thursday and Friday to collect documents related to OPG Securities, one the prime accused in the NSE co-location case.
BUSINESS
NSE co-location case: Enforcement Directorate may book OPG Securities for illegal overseas trade
ED officials perusing FIR which mentions OPG Securities has been illegally trading in Dubai, Ghana, Singapore, Hong Kong, and China.
BUSINESS
CBI FIR in co-location case weakens NSE IPO prospects, dims consent plea hopes
Decks for the public offer will only be cleared after CBI completes its investigation
BUSINESS
IPO on cards: HDFC AMC may settle front-running case with SEBI through consent route
Filing of consent papers may expedite clearances required for HDFC Mutual Fund’s public offer
MARKETS
NSE Co-location case: CBI registers case against OPG Securities owner Sanjay Gupta, others
He allegedly abused the server architecture of NSE in conspiracy with officials of NSE.
BUSINESS
SEBI, exchanges to meet on June 6 to discuss technical glitches, other issues
A source said the regulator was not comfortable with recurring technical glitches on the bourses
