The order has been passed after taking into account information provided by Mauritius regulator, Financial Services Commission (FSC). Mavi has undergone restraint from securities market imposed by Sebi for two years because of the charges levelled against it.
South Korea imposed a three-month ban on stock short-selling from Wednesday and loosened rules on the amount of daily share buybacks, the country's top financial regulator said on Tuesday.
Some quarters in India want some aspects of the Double Tax Avoidance Agreement with Mauritius revised in order to plug tax evasion. In an interview with CNBC-TV18, Steve Flynn, chief executive officer, of GIIF and Iqbal Rajahballee the ex-CEO of Financial Services Commission, discuss the Mauritus’ standpoint.