SEBI chairman Ajay Tyagi says that while current concept of holding founders accountable is unique to India, a controlling shareholder regime for representing an entity is more logical.
Accounts of 3 Mauritius-based funds with significant exposure to Adani Group stocks were frozen due to insufficient disclosures, local media report said last month.
The clarification comes after the government, in a written response to Parliament, Monday, said that several Adani Group companies were being investigated by the SEBI and DRI.
The SAT had earlier stayed SEBI's decision to restrain Franklin Templeton from launching any new debt schemes for a period of 2 years and to refund a little over Rs 512 crore.
The plea stated that crypto-assets are inherently riskier than traditional equity investment products in the share market, mutual funds and other forms of financial products.
The company approached Securities Appellate Tribunal ahead of its EGM scheduled for 22 June to seek shareholders' approval for the proposal to raise capital through the Carlyle deal.
SEBI said the resolution regarding the deal, which was to be put to a shareholders' vote on 22 June, was 'ultra-vires' or beyond the powers of the company's Articles of Association.
Adani Enterprises Ltd. has spun off several units into the public market but the list of shareholders that have risen 200% to 900% in value in the past year need some explaining.
In a country where unemployment is at a historic high, the national anxiety isn’t about jobs — it’s about reach. Aspirations have shifted from employment to engagement, from careers to content.
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