Sebi also observed instances when revenue were inflated through circular transactions with related parties. Some companies also resorted to diversion of issue proceeds, which has prompted Sebi to tighten oversight.
Ironically, while SEBI's new criteria aim to remove illiquid stocks from the derivative market, they will also introduce new stocks
A discussion paper on the modalities for allocation of coal mines through auction route has been placed in the public domain to seek comments of stakeholders, Parliament was informed today.
Veterans feel banks may find ways to adhere to timelines mentioned in RBI discussion paper but it is going to take a while to make them stable and make them work within the timeframe.
The Reserve Bank today proposed a slew of measures, including incentives to lenders for coming together and tackling an account timely and penalising borrowers with higher interest rates in future for not cooperating for a resolution. The RBI discussion paper is open for public comments till January 1.
An RBI discussion paper, which is open for public comments till January 1, suggests an early formation of a lenders committee with timelines to agree to a plan for resolution and incentives for lenders to agree quickly to a plan through "better regulatory treatment" of stressed assets.
A discussion paper co-authored by CACP chief Ashok Gulati has exposed lacunae in the Food Bill and suggested further debate on long-term feasibility of the Congress' big-ticket social welfare programme.
On 17 October 2011, the Ministry of Finance issued a discussion paper on Tax Accounting Standards (TAS). As a part of the Discussion Paper, the Ministry of Finance has also issued the Draft TAS on Construction Contracts and Government Grants for comments and suggestions.
In an interview with CNBC-TV18, Seshadri Sen of JP Morgan said, "I certainly wouldn't sell the bank stocks on the basis of the discussion paper."