Sahara Refunds: Did the SC Want SEBI To Sit on Rs15,448 67 Crore for a Decade? moneylife.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneylife.in Daily Mail and Mail on Sunday newspapers.
Let promoter clause remain for better accountability
May 14, 2021
Difficult to unearth Sahara-like scams if disclosures are curtailed in DRHP
The market regulator Securities and Exchange Board of India last week came out with an important consultation paper on the ‘Review of the regulatory framework for promoter, promoter group and group companies.’
The paper has proposed to rationalise the definition of ‘promoter group’ and move to the concept of a ‘person in control’ as well as reduce minimum lock-in periods for promoters and other shareholders post an IPO.
According to SEBI, the investor landscape in India is now changing. Unlike the past, the concentration of ownership and controlling rights do not vest completely in the hands of company promoters or the promoter group. There has been a significant increase in the number of private equity and institutional investors who invest in companies and take up substantial shareholding, and in some cases, control.
Sahara SEBI Case: Supreme Court declines to stay auction of Aamby Valley
Sahara SEBI Case: Supreme Court declines to stay auction of Aamby Valley
The Supreme Court On Thursday Refused To Accept Sahara Chief Subrata Royâs Plea To Put On Hold The Auction Process Of The Groupâs Project Aamby Valley In Pune District Of Maharashtra. PTI | Updated on: 10 Aug 2017, 06:14:40 PM
New Delhi:
The Supreme Court on Thursday refused to accept Sahara chief Subrata Roy’s plea to put on hold the auction process of the group’s project Aamby Valley in Pune district of Maharashtra.
A bench of justices Dipak Misra, Ranjan Gogoi and A K Sikri said, “The prayer of the contemnor (Roy) is hereby rejected.”
Supreme Court grants 10 days to Subrata Roy to pay Rs 709 cr to SEBI
Supreme Court grants 10 days to Subrata Roy to pay Rs 709 cr to SEBI
Roy, Who Was Present In Courtroom On Monday, Had Told The Court That He Will Pay Rs 1,500 Crore On Or Before June 15 And Rs 552.22 Crore Exactly A Month Thereafter. PTI | Updated on: 19 Jun 2017, 10:42:50 PM
New Delhi:
The Supreme Court on Monday extended till July 4 the time for embattled Sahara chief Subrata Roy to deposit Rs 709.82 crore, out of Rs 1,500 crore which was to be paid by June 15, with a warning that failure to pay the remainder may again land him in jail.