Read more about Sebi bans Capital Heed Financial s proprietor for violating adviser rules on Business Standard. Sebi has barred Capital Heed Financial Research s sole proprietor Shailendra Sen from the capital markets for providing false information to the regulator in his application for registration
Markets regulator Sebi has levied a total fine of Rs 42 lakh on 19 entities for their role in fraudulent trading in the scrip of Pyramid Saimira Theatre. The penalty follows a probe conducted by Sebi to ascertain violation of Prohibition of Fraudulent and Unfair Trade Practices norms by certain entities while trading in shares of Pyramid Saimira during June-December 2008.
Sebi found that as per media reports published in December 2008, the regulator had directed one of the promoters of Pyramid Saimira Theatre, P S Saminathan, to make an open offer for an additional 20 per cent stake. The next day Saminathan told exchanges that he had received the alleged letter from the regulator. But Sebi, through a press release, clarified that no such letter was issued by it.
SpiceJet matter: Sebi disposes of adjudication proceedings against Axis Capital
SpiceJet matter: Sebi disposes of adjudication proceedings against Axis Capital
Sebi on Friday disposed of adjudication proceedings against Axis Capital, saying the alleged violation of the merchant banker norms could not be established against it with respect to foreign currency convertible bonds issuance by SpiceJet India Ltd back in 2010.
It was alleged that Axis Capital (formerly known as Enam Securities) had amended the Share Purchase Agreement (SPA) on October 5, 2010, after the issuance of observation letter by Sebi on October 4, 2O10.
The share purchase agreement was entered into between acquirers KAL Airways and Kalanithi Maran SpiceJet and four WLR entities WLL Recovery III Ltd, WLR Recovery IV/ ESC Ltd, India Asset Recovery Fund Ltd and WLR/GS India Ltd.