Capital markets regulator Sebi is planning to initiate a public consultation process for changes to the Debenture Trustee regulations, wherein an entity will not be prohibited from acting as a trustee if the government provides guarantees for the debenture issued.
Corporate Affairs Minister Sachin Pilot said his ministry has ordered the Serious Fraud Investigation Office (SFIO) to conduct probe against 67 companies who had allegedly floated ponzi schemes.
For the past three to four years, con jobs or fraudulent companies attracting investments from individuals have risen, so an ordinary investor should first find out whether that company is regulated or not, says SEBI chairman Upendra Kumar Sinha.
Beleaguered Deccan Chronicle Holdings Ltd (DCHL) is in the process of demerging its printing and publication, retail and sporting activities into a separate entity called "Land Interactive Media" registered in Delhi.
Corporate Affairs Minister, Veerappa Moily, today said he hopes the Companies Bill 2011, approved in the Cabinet yesterday, will be passed during the winter session of Parliament.
By: NitishGoel, National University of Juridical Sciences