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  • Before ZEE, these companies faced shareholder activism Sep 14, 2021 02:56 PM IST

    Before ZEE, these companies faced shareholder activism

    The largest shareholders of Zee Entertainment Enterprises (ZEE) -- Invesco Developing Markets Fund and OFI Global China Fund LLC - have called an extraordinary general meeting seeking resignation of Managing Director Punit Goenka and two directors from the board. This isn’t the first time when the shareholders of a company have shown exit door to the promoters alleging wrong doings.

  • Policy | Testing independent directors may address the symptoms but will not cure the illness Nov 01, 2019 09:10 AM IST

    Policy | Testing independent directors may address the symptoms but will not cure the illness

    The cardinal reality is that independent directors in India are not truly independent. More than a test of the job knowledge, boards should have independent directors who are socially responsible.

  • Policy | If the ‘market knows’, why doesn’t the auditor? Oct 29, 2019 12:09 PM IST

    Policy | If the ‘market knows’, why doesn’t the auditor?

    Does the audit industry consider its responsibility towards a company’s stakeholders while writing out scripted audit reports? There needs to be a systemic focus on improving audit quality standards.

  • SAT order on PwC a wake-up call for SEBI over jurisdiction Sep 10, 2019 11:49 AM IST

    SAT order on PwC a wake-up call for SEBI over jurisdiction

    SAT ruling is a clear reminder that institutions here have still not been clearly defined with regard to their power.

  • Unitech homebuyers propose IL&FS/Satyam-like resolution framework to complete pending projects Jul 10, 2019 06:39 PM IST

    Unitech homebuyers propose IL&FS/Satyam-like resolution framework to complete pending projects

    The homebuyers’ proposal also calls for ring fencing the project against any old legal liabilities. It has been proposed that to make the projects viable for participation from new private sector developers RERA and other delay liabilities for default of the builder to the buyers be extinguished and timelines for delivery be reset.

  • Sebi needs a bloodhound, not another toothless watchdog Jun 14, 2019 08:42 AM IST

    Sebi needs a bloodhound, not another toothless watchdog

    It’s time to crack down hard on errant auditors

  • Auditor who 'knew nothing' banned for 5 years by NCLT Feb 08, 2019 12:09 PM IST

    Auditor who 'knew nothing' banned for 5 years by NCLT

    This is the first time the NCLT has banned an auditor in such a fashion.

  • Opinion | Accounting fraud and liquidity crunches are bedfellows Jan 31, 2019 11:53 AM IST

    Opinion | Accounting fraud and liquidity crunches are bedfellows

    Major accounting frauds typically come to light when liquidity tightens. Given the over 2% point jump in money market rates in India in the 12 months to September the probability of major accounting fraud coming to light in the Indian stock market is growing.

  • Satyam scam 10 years on: Where is B Ramalinga Raju now? Jan 07, 2019 02:52 PM IST

    Satyam scam 10 years on: Where is B Ramalinga Raju now?

    Currently out on bail, Raju continues to use his once celebrated entrepreneurial skills to mentor his sons and oversee family businesses.

  • Opinion | For the Companies Act, change is the only constant Dec 03, 2018 01:02 PM IST

    Opinion | For the Companies Act, change is the only constant

    The stated reasons for independent directors exiting boards are mostly the inability to commit quality time to the affairs of the company. Was so much time needed to come to the conclusion of the inability to commit quality time?

  • Boards should not mindlessly support CEOs: Ex-SEBI chief Damodaran Nov 27, 2018 01:53 PM IST

    Boards should not mindlessly support CEOs: Ex-SEBI chief Damodaran

    There are boards in and outside India that do not understand their role, says former SEBI chief M Damodaran.

  • Satyam scam: SEBI passes fresh order; directs Raju, 3 others to disgorge over Rs 813 cr Nov 02, 2018 10:08 PM IST

    Satyam scam: SEBI passes fresh order; directs Raju, 3 others to disgorge over Rs 813 cr

    The latest SEBI ruling, pertaining to insider trading and fraudulent activities, has been passed after the Securities Appellate Tribunal (SAT) directed it to pass a fresh order in the matter.

  • With purported company frauds on the rise, is it time for forensic financial analysts? Jul 06, 2018 12:32 PM IST

    With purported company frauds on the rise, is it time for forensic financial analysts?

    The number of stock scams is on the rise. Will something like a forensic financial analyst be a thing of the future in the markets? Will this be a lucrative career path?

  • Turf war: SEBI, MCA may be on collision course over issue of regulating auditors Jun 27, 2018 11:00 AM IST

    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.

  • PW banned by SEBI: Nearly a decade later, Satyam employees have moved on from the scam that shook their lives Jan 15, 2018 05:15 PM IST

    PW banned by SEBI: Nearly a decade later, Satyam employees have moved on from the scam that shook their lives

    On Wednesday, Sebi found Price Waterhouse guilty in the multi-crore Satyam scam, and barred its network entities from issuing audit certificates to any listed company in India for two years.

  • No intentional wrongdoing in Satyam fraud: Price Waterhouse Jan 11, 2018 07:00 PM IST

    No intentional wrongdoing in Satyam fraud: Price Waterhouse

    Finding PW guilty in the multi-crore Satyam scam, SEBI has barred its network entities from issuing audit certificates to any listed company in India for two years.

  • What changed in the legal landscape post Satyam scam Jan 11, 2018 10:24 AM IST

    What changed in the legal landscape post Satyam scam

    Since the Satyam scam broke out, substantial changes have been made with respect to corporate governance in India

  • Satyam case: SEBI may take at least 3 months more to give final order against PwC Sep 13, 2017 10:27 PM IST

    Satyam case: SEBI may take at least 3 months more to give final order against PwC

    The markets regulator is cross-examining PwC officials involved in the case and the delay is due to their non-availability

  • Homebuyers’ forum writes to PM Modi seeking govt intervention on delayed apartments Apr 20, 2017 12:37 PM IST

    Homebuyers’ forum writes to PM Modi seeking govt intervention on delayed apartments

    In a letter sent to the Prime Minister recently, Fight for RERA, a pan India homebuyers forum, said that “a committee be formed to come up with a Satyam Computer-like solution to provide reprieve to homebuyers whose life-time savings are stuck in unfinished projects. Time is of the essence and any delay would leave homebuyers in a lurch permanently since there will be nothing left in the companies to complete the projects.”

  • Satyam‘s Settlement Payments To Aberdeen Not Income Jan 27, 2016 05:27 PM IST

    Satyam‘s Settlement Payments To Aberdeen Not Income

    Satyam‘s Settlement Payments To Aberdeen Not Income

  • Satyam scam: Sebi asks Raju family, others to pay Rs 1800cr Sep 10, 2015 07:01 PM IST

    Satyam scam: Sebi asks Raju family, others to pay Rs 1800cr

    In a fresh order in the nearly seven-year old Satyam scam case, regulator SEBI on Thursday asked 10 entities linked to the main accused B Ramalinga Raju -- including his mother, brother and son -- to disgorge over Rs 1,800 crore worth of illegal gains made by them.

  • Raju family-promoted Call Health service to launch in Hyd Sep 03, 2015 10:13 PM IST

    Raju family-promoted Call Health service to launch in Hyd

    Hyderabad is moving towards smarter healthcare. The city will soon see the launch of Call Health, a healthcare services aggregator which is promoting itself as an online supermarket of healthcare services. The venture is promoted by Sandya Raju, Ramalinga Raju's daughter in law.

  • Satyam case: Hyd court grants bail to Raju, others May 11, 2015 06:31 PM IST

    Satyam case: Hyd court grants bail to Raju, others

    All the 10 people including B Ramalinga Raju and his brother B Rama Raju have been granted bail in the multi-crore Satyam Computer Services Ltd (SCSL) accounting fraud case.

  • Six years for a self-confessesd crime is a long wait: Pros Apr 09, 2015 10:38 PM IST

    Six years for a self-confessesd crime is a long wait: Pros

    Amit Tandon, Founder, IiAS, says waiting six years for a judgement for a self confessed crime is an incredibly long wait.

  • Satyam Scam: Downfall of Ramalinga Raju Apr 09, 2015 08:44 PM IST

    Satyam Scam: Downfall of Ramalinga Raju

    Here‘s a complete recap of what really happened at Satyam, which led to the downfall of one of India Inc's poster boy Ramalinga Raju and nine others.

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