Page 7 - Darius Khambata News Today

The High Court at Goa also observed that the cess was rightfully imposed by the State of Goa as a fee to employ mechanisms to reduce carbon footprints arising from the activities of the companies that paid such cess.

Senior counsel Darius Khambata, who appeared for SEBI informed the tribunal that while the investigation is likely to be completed in eight months as per SEBIs chairperson, he will take further instruction and apprise the tribunal of the same.

The Securities Appellate Tribunal (SAT) has questioned the credibility of the Securities and Exchange Board of India (SEBI) in completing its investigation into alleged fund misappropriation by Zee Entertainment Enterprises. SAT stated that SEBI has a history of extending investigation periods and lacks credibility in completing them within a specified time frame.

The Securities Appellate Tribunal (SAT) on Thursday questioned market regulator Sebis credibility on completing its investigation within a stipulated time in the Zee Entertainment Enterprises (ZEEL) matter. SAT was hearing Zees plea against Sebis order baring Zee Entertainment Enterprises Punit Goenka and Subhash Chandra from holding any key managerial positions in the company and other organisations for allegedly siphoning off funds of the media firm. There is no certainty that these eight mont...

Securities Appellate Tribunal postpones final hearing on plea challenging SEBI order barring Zee Entertainment executives

Sebi’s confirmatory order bars Goenka and Chandra from holding any directorship or other key managerial positions in the company and other organisations

Securities Exchange Board of India (SEBI) is expected to finish its arguments on September 13 while Goenkas lawyers are expected to give a rejoinder to SEBIs arguments on September 14.

World Crest sought a restraining order against Yes Bank from exercising voting rights or creating third-party rights against the shares purportedly owned by World Crest.

SEBIs confirmatory order bars Goenka and Chandra from holding any directorship or other key managerial positions in the company and other organisations.

Dish TVs promoter had sought to restrain the lender from exercising its voting rights, interfering in or seeking to participate in the management and affairs of the company, or claiming rights to the shares. "In the present case, the use of the pledged goods will include the exercise of voting rights since the pledged goods are shares," observed Justice RI Chagla while disposing of an application filed by Dish TV promoters.