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Tarun Sharma

Special Correspondent

Moneycontrol News

Karvy scam | SEBI likely to seek RBI probe into role of banks, NBFCs

BUSINESS

Karvy scam | SEBI likely to seek RBI probe into role of banks, NBFCs

Lenders that extended loans to Karvy, partially in lieu of client securities, had enough warning signs that something was amiss.

Offer For Sale: NSE, BSE unable to broadcast actual OFS price at closing time, brokers complain

BUSINESS

Offer For Sale: NSE, BSE unable to broadcast actual OFS price at closing time, brokers complain

As per SEBI guidelines, it is mandatory for companies to offer a minimum 10 percent reservation for retail investors.

Budget 2020: Equity and commodities brokers submit key issues for consideration

BUSINESS

Budget 2020: Equity and commodities brokers submit key issues for consideration

The recommendations include the reduction of the STT and the CTT.

Enforcement Directorate set to confiscate Nirav Modi’s assets for auction

BUSINESS

Enforcement Directorate set to confiscate Nirav Modi’s assets for auction

These assets include Nirav Modi’s apartment in one of Mumbai’s prominent housing society, Samudra Mahal, and 6-7 other real estate properties in South Mumbai.

SEBI may crack the whip on Karvy and BMA Wealth, attach properties

BUSINESS

SEBI may crack the whip on Karvy and BMA Wealth, attach properties

SEBI mainly pursues attachment of properties in collective investment schemes where promoters fail to return the capital of small investors.

SEBI set to fill posts of three executive directors

BUSINESS

SEBI set to fill posts of three executive directors

The interview panel comprises Chairman Ajay Tyagi, whole-time member G Mahalingam, former RBI Deputy Governor HR Khan and TK Viswanathan, former Secretary in the Law Ministry.

Karvy case: SAT refuses relief to banks

BUSINESS

Karvy case: SAT refuses relief to banks

SAT had earlier directed SEBI to hear Bajaj Finance's plea and pass an order by December 10.

IPOs worth Rs 15,000 cr coming soon, govt divestment to excite market: SEBI Chairman Ajay Tyagi

BUSINESS

IPOs worth Rs 15,000 cr coming soon, govt divestment to excite market: SEBI Chairman Ajay Tyagi

The IPO market was slow in the first half of 2019 but is picking up again in the second, Tyagi said.

SAT asks NSDL to hold back remaining stocks of Karvy clients

BUSINESS

SAT asks NSDL to hold back remaining stocks of Karvy clients

The tribunal further directed SEBI to hear out the lender's concerns by December 4 and pass an order by December 10.

Karvy case: SAT halts further transfer of client securities after lenders challenge SEBI decision

BUSINESS

Karvy case: SAT halts further transfer of client securities after lenders challenge SEBI decision

The banks have sought immediate freezing of the securities transferred to clients' accounts. HDFC Bank has lent Rs 400 crore to Karvy based on these pledged shares

Bajaj Finance challenges SEBI decision on Karvy: 'Have right to pledged shares'

BUSINESS

Bajaj Finance challenges SEBI decision on Karvy: 'Have right to pledged shares'

Bajaj Finance has moved the SAT to challenge SEBI's decision on restoring Karvy's pledged securities to its clients.

Big relief in Karvy case: After swift SEBI crackdown, 93% of investors get back pledged securities

BUSINESS

Big relief in Karvy case: After swift SEBI crackdown, 93% of investors get back pledged securities

The NSE and the BSE, on December 2, suspended Karvy's trading license with immediate effect.

I-T dept conducts searches at 40 premises of Everest Spices

BUSINESS

I-T dept conducts searches at 40 premises of Everest Spices

The company, which is located Mumbai’s suburbs, is come under the department’s scanner for indulging in bogus billing

Zee Entertainment in SEBI, MCA crosshairs after exit of independent directors

BUSINESS

Zee Entertainment in SEBI, MCA crosshairs after exit of independent directors

According to a regulatory filing by Zee, Kumar and Vohra had raised concerns over several issues, which included discrepancies in spending CSR funds.

Here's how Karvy Stock Broking "almost" dodged regulatory lens

BUSINESS

Here's how Karvy Stock Broking "almost" dodged regulatory lens

SEBI got wind of the goings on at Karvy in mid-October when the brokerage used clients funds for proprietary trading. The regulator then carried out a reconciliation exercise of the client accounts.

Karvy aftermath: SEBI plans to revamp structure to check skulduggery by brokers

BUSINESS

Karvy aftermath: SEBI plans to revamp structure to check skulduggery by brokers

Under the revised structure, client money will continue to be kept with depositaries such as NSDL and CDSL or custodian and can be transferred to a broker only under the direction of the clearing corporation.

Default disclosure, PMS fund changes, NSE glitches: Everything that transpired at SEBI board meet

BUSINESS

Default disclosure, PMS fund changes, NSE glitches: Everything that transpired at SEBI board meet

Here are the key decisions taken and issues discussed at the SEBI board meeting.

PMC Bank scam: Enforcement Directorate may give nod to sale of HDIL's assets

BUSINESS

PMC Bank scam: Enforcement Directorate may give nod to sale of HDIL's assets

ED has attached properties worth Rs 3,830 crore, which include vast parcels of land in Vasai and Palghar, besides a luxury bungalow in Alibaug and luxury cars.

PMC Bank scam: RBI, others move closer to selling HDIL land to return depositor money

BUSINESS

PMC Bank scam: RBI, others move closer to selling HDIL land to return depositor money

The Reserve Bank of India, Enforcement Directorate, the Economic Offences Wing of the Mumbai Police and administrators of PMC Bank have formed a coordination team to expedite action in the PMC Bank case.

SEBI may revamp norms to cut rights issue process time to 31 days at next board meet

BUSINESS

SEBI may revamp norms to cut rights issue process time to 31 days at next board meet

The market regulator may discuss significant reduction in time taken to process a rights issue to 31 days from 55-58 in the current framework.

IL&FS crisis fallout: SEBI takes a dim view of role of credit rating agencies, may fine them only Rs 1 crore

BUSINESS

IL&FS crisis fallout: SEBI takes a dim view of role of credit rating agencies, may fine them only Rs 1 crore

"SEBI has initiated action against credit rating agencies under Section 15HB but can only impose monetary penalty," a source told Moneycontrol.

Ask Nilekani or God, says SEBI chief on Infosys chairman's 'God' statement

BUSINESS

Ask Nilekani or God, says SEBI chief on Infosys chairman's 'God' statement

Addressing analysts in a conference call on November 5, Nilekani said he felt “insulted with the (whistleblowers’) accusations,” and that “even God can't change the earnings of the company.”

MCA orders SFIO probe in Cox & Kings: Sources

BUSINESS

MCA orders SFIO probe in Cox & Kings: Sources

The Ministry of Corporate Affairs (MCA) has ordered a Serious Fraud Investigation Office probe in travel firm Cox & Kings after it uncovered prima facie evidence of siphoning of money, a source told Moneycontrol.

MCA orders SFIO probe into CG Power: Sources

BUSINESS

MCA orders SFIO probe into CG Power: Sources

The MCA ordered an SFIO probe on the recommendations of the Western Regional Director of the MCA, which, in its report on CG Power submitted last month, found diversion of funds.

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