The market trading activities have seen a major upsurge in recent months, but this positive environment is also leading to many fundamentally weak stocks generating interest.
Most fund houses investing in India hold corporate debt until maturity, but, with the secondary debt market still shallow, complications can arise if they face an unexpected hitch and sudden redemption requests.
The company provides country specific SIM card, offers voice, data and SMS services under the brand name 'Matrix' to travellers outbound from India. The firm had filed its draft red herring prospectus (DRHP) with Sebi through its lead merchant banker IIFL Holding Ltd on June 26 this year.
By indulging in such activities, they have made notional profit to the tune of over Rs 132 crore. The capital markets watchdog, through an interim order in February 2010, had already barred 16 of these entities from accessing the securities markets till further directions.
The markets regulator will announce the proposal drafted by an internal regulatory panel within a few weeks, and seek market feedback, said the sources, who declined to be named as the plan is not yet public.
The Securities and Exchange Board of India (Sebi) found that Purusattam Infotech had issued cumulative redeemable preference shares to over 2,000 individuals and had mobilised funds amounting to around Rs 3 crore.
The regulator found that Waris Agrotech had allotted redeemable preference shares to 475 individuals and had mobilised funds amounting to about Rs 36 lakh and therefore, had 'prima facie' violated the public issue norms.
The Securities and Exchange Board of India (Sebi) found that there were several entities which consistently suffered significant losses and others who consistently made significant profits by executing reversal trades in stock options on BSE.
The Securities and Exchange Board of India (Sebi) found that AGIL had mopped up over Rs 92 lakh from nearly 1,100 investors through issuance of redeemable preference shares and had "prima facie" violated public issue norms.
At a time when A R Sankaranarayanan was a Director of MFL, his wife Sarada Sankaranarayanan had sold 13,63,165 shares of the company for Rs 7.04 crore, but did not take prior approval for these transactions as required by the regulations. Sankaranarayanan had quit as an independent director in March 2013.
A global crackdown on tax evasion launched during the 2008 financial crisis has already forced Switzerland and other European offshore hubs to surrender their prized bank secrecy.
The Securities and Exchange Board of India (Sebi) has directed the company and its executives to repay money raised by way of issuing redeemable preference shares along with 15 percent annual interest.
Pitching for a greater share of household savings in equity market, regulator Sebi's chief U K Sinha has said stocks have consistently given annual returns of more than 15 percent on a long-term basis.
They have also been banned from raising funds from the public till further directions. The Securities and Exchange Board of India (Sebi) found that Aryan Agro mobilised funds by issuing non convertible debentures (NCDs) to 87 investors during 2011-12 and 2012-13 without complying with the 'public issue' norms.
The Securities and Exchange Board of India (Sebi) issued its final observations on the draft offer document of the company on August 5, which is necessary for any company to launch a public offer.
The Securities and Exchange Board of India (Sebi), in an order, has imposed "a penalty of Rs 50 lakh ...on Prashant Kamble, which will be commensurate with the violations committed by the noticee".
With this, the number of firms receiving Sebi's green signal since the beginning of the year has reached 23. Apparel and lifestyle accessories firm Numero Uno filed its draft papers with the capital markets watchdog in April, while Sadbhav Infrastructure, a subsidiary of Sadbhav Engineering filed its initial papers in May.
The Securities and Exchange Board of India (Sebi) found that Monarch allowed its clients to execute fictitious trades through it.
The Securities and Exchange Board of India (SEBI) last year imposed a quota of at least one female director on the board of every listed firm, and warned of "very serious" consequences if the thousands of companies did not comply by an April 1 deadline.
The capital market watchdog's order comes after it found manipulations in the scrips of four companies -- Eco Friendly Food Processing Park, Esteem Bio Organic Food Processing, Channel Nine Entertainment and HPC Biosciences.
The regulator will re-investigate the matter pertaining to Jayesh P Khandwala, proprietor of Zealous Trading Company, its role in IPOs of IDFC, Sasken and Suzlon, its alleged direct or indirect transactions, relations with other entities and the alleged gains made by him. The matter first came to light in 2005.
Asking technology startups founded by Indians to remain within the country, Sebi Chairman U K Sinha has promised an easier set of regulations for them to get listed and raise funds in the domestic stock market.
Liberty Phosphate settled a dispute related to violation of shareholding disclosure norms with capital markets regulator Sebi by paying Rs 8.5 lakh in settlement fee.
The Securities and Exchange Board of India (Sebi), in an order passed yesterday, said that alleged violation with the provision of PFTUP regulation is settled and it disposed of the adjudication proceedings pending in respect of Chaturvedis.
Logistics company Navkar Corporation has received capital markets regulator Sebi's approval to raise up to Rs 600 crore through an IPO.