In a letter to the Securities and Exchange Board of India (Sebi), the whistleblower said Infosys had "quietly revealed", in its annual report, that it had signed agreements for mutual release of claims with three directors, including former Chairman R Seshasayee and Jeff Lehman (ex-head of nominations and remuneration committee).
Walan was the managing director of AstraZeneca Pharma India from March 29, 2001 to April 1, 2004 and Guha was company secretary/compliance officer of the firm from July 1, 1999 to January 31, 2006. Singhal was the company secretary/ compliance officer of the firm from May 7, 2012 to July 31, 2014.
In a notice issued today, the Securities and Exchange Board of India (Sebi) said SBI Capital Markets will auction 17 properties of Pancard Clubs and three properties of its late CMD Sudhir Moravekar on June 27 at a reserve price of about Rs 1,733 crore.
In a meeting with SEBI on Friday, brokers are expected to express their discontent on the extension and discuss other aspects of trading single stock derivatives.
SEBI believes a lot of work needs to be done to improve secretarial audits in listed companies to raise corporate governance standards.
The PNB was defrauded of over USD 2 billion allegedly by diamond trader Nirav Modii and his associates by fraudulent use of Letters of Undertakings (LoUs) and Foreign Letters of Credit (LoC) in connivance with certain bank officials.
The requirement of such a framework also assumes significance as large number of such investors belong to categories such as mutual funds, insurance companies and pension funds, which have a mandate of daily net asset value (NAV) with an exit facility at any point of time for their investors.
The Securities and Exchange Board of India (Sebi) had conducted an investigation into the alleged irregularity in the share trading of SKS Logistics for the period from June 1 to October 29, 2004.
The IPO comprises fresh issuance of shares worth Rs 450 crore besides an offer for sale of up to 30 lakh equity stocks by existing shareholder Kanubhai M Patel Trust, as per the draft papers.
The decision of setting up of such a 'Governance Committee' would lie with the board of directors of the listed entity, the Securities and Exchange Board of India (Sebi) said in a circular.
The move comes after Securities and Exchange Board of India (Sebi) last month auctioned 69 properties of the group's companies and their directors.
Stock exchanges on which currency derivatives are traded have been demanding long trading hours since 2008, when trading in currency derivatives first began.
The move comes at a time when authorities are clamping down on shell companies -- listed as well as unlisted -- for being allegedly used as conduits for illicit fund flows.
NCDs are loan-linked bonds that cannot be converted into stocks and usually offer higher interest rates than convertible debentures.
Individual investors are presently required to disclose only their net worth to their brokers periodically
Last month, the tribunal had allowed Sahara Group to withdraw the plea against Sebi order that directed Sahara Mutual Fund (MF) to wind up its schemes.
Since these shares were issued to more than 50 investors by the company, this qualified to be a public issue, which requires compulsory listing on recognised stock exchanges. Among others, the firm was also required to file prospectus, which it failed to do.
There were no comments from Vakrangee as well as PwC, which resigned as the statutory auditor of Vakrangee before completing even a year of auditing assignment with the company
Brokerage houses are taking the decision in the right spirits and see investors benefiting in the long run. It will help in bringing down volatility and create more opportunities for investors.
The 57-page long list has names of 1,819 entities, including individuals and companies.
Besides, the watchdog has mooted reducing the minimum application size for anchor investors to Rs 2 crore from current level of Rs 10 crore in the case of public issues by Small and Medium Enterprises.
A Sebi probe found that Cypress Money was providing investment advisory services and was also offering stock recommendations and technical and fundamental calls in form of research analyst services in exchange of consideration from October 2015 to June 2017.
At present, stock exchanges, depositories and clearing corporations are considered market infrastructure institutions(MIIs). Sebi has now proposed to classify credit rating agencies (CRAs), debenture trustees (DTs) and registrar and share transfer agents (RTAs) in this category.
SEBI said in a status report that it has sent a letter to lead manager Kotak Mahindra Bank that proceedings have been kept in abeyance for examination of past violations.
The provisions of this circular shall be applicable from October 1 this year.