The Sebi board also gave its nod for amending Foreign Portfolio Investor regulations and introducing provision for appointing or re-appointing any person, earlier rejected by shareholders.
The proposals from SEBI come as the country is set for a record year for IPOs and follow the RBI's decision to impose limits on borrowers seeking to buy shares of a new listing.
The apex court took note of SEBI's statement that they will not take any coercive action against the promoters in the meantime & response to their pleas may be filed in two weeks.
The airline plans to utilise over Rs 2,015 crore from the IPO proceeds towards pre-payment or scheduled repayment of all or a portion of certain outstanding borrowings.
SEBI found lapses on the part of Kotak AMC in carrying out due diligence and barred the fund house from launching new fixed maturity plan schemes for six months.
The apex court adjourned the hearing till 3 September. SEBI had barred NDTV promoters Prannoy Roy & Radhika Roy from securities market for two years for indulging in insider trading.
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.
With 20.2 percent of its total loans in default by the end of last year, Bangladesh had the weakest banking system in Asia. Despite reforms, it will take time to recover.
This world is being restructured and redrawn by one man, and what’s his power? It’s not his formidable military. It’s trade. With China, it turned on him.
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