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Sebi imposes Rs25-cr penalty on Ambani brothers and others for takeover rules violation

Markets > Stock markets - India > SEBI Sebi imposes Rs25-cr penalty on Ambani brothers and others for takeover rules violation 08 April 2021  The Securities and Exchange Board of India (Sebi) on Wednesday imposed a penalty of Rs25 crore on Mukesh Ambani, Anil Ambani and other individuals as also various entities belonging to the Reliance Group, for non-compliance of takeover norms in a two-decade-old share issue in the company. The adjudicating officer (AO) of the Securities and Exchange Board of India (SEBI) imposed a joint penalty of Rs25 crore on Mukesh and Anil Ambani along with their family members for violation of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Sebi slaps fine of Rs 25 cr on RIL promoters for violation of takeover norm

Sebi slaps fine of Rs 25 cr on RIL promoters for violation of takeover norm SECTIONS Last Updated: Apr 07, 2021, 07:04 PM IST Share Synopsis Allegations were raised that RIL’s promoters acquired 6.83 per cent stake in the company between March 1999 to March 2000 through conversion of 3 crore warrants issued to them back in 1994. Agencies The order said that RIL’s promoters and persons acting in concert failed to disclose the acquisition of more than 5 per cent stake in the company back in 2000. Related NSE Explore Now MUMBAI: The Securities and Exchange Board of India today imposed a Rs 25-crore penalty on the promoters of

SEBI Imposes ₹ 25 Crore Penalty On Mukesh Ambani, Anil Ambani & Family For

SEBI Imposes ₹ 25 Crore Penalty On Mukesh Ambani, Anil Ambani & Family For
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Think Twice Before Protesting An Other Transaction Authority Award - Government, Public Sector

To print this article, all you need is to be registered or login on Mondaq.com. In recent years, the Department of Defense (DoD) has shown a keen interest in procuring certain prototype, research, and production requirements using the Other Transaction Authority (OTA) at 10 U.S.C. § 2371b. The advantage of OTAs is that they are highly flexible, meaning they can usually avoid the burden of complex government regulatory requirements included in the Federal Acquisition Regulations (FAR) and its agency-specific supplements. As the use of OTAs increases across the DoD, federal contractors and businesses exploring federal opportunities need to understand

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