Read more about Fortifying independent directors: Sebi s proposal may fail in practice on Business Standard. Sebi has thrown open for public discussion proposals for fortifying the position of independent directors (IDs)
After Sebi order, Sahara says SIFCL surrendered sub-broker registration two years ago
On March 3, Sebi passed an order cancelling the certificate of registration of SIFCL as a sub-broker citing its failure to fulfill the fit and proper criteria.
Sahara Group chief Subrata Roy
Days after Sebi cancelled Sahara India Financial Corporation Ltd s (SIFCL) certificate of registration as a sub-broker citing non-compliance with fit and proper criteria, Sahara India on Sunday said the company had willfully surrendered the licence two years back.
On March 3, Sebi passed an order cancelling the certificate of registration of SIFCL as a sub-broker citing its failure to fulfill the fit and proper criteria.
Read more about MFs withdraw Rs 16,306 cr from equities in February on profit booking on Business Standard. Mutual funds pulled out Rs 16,306 crore from equities in February, making it the ninth consecutive monthly outflow as small investors booked profit amid a rally in stock markets.
Till now the votes were made at the fund house-level. However, now votes can also be cast at the scheme-level if the fund manager of the scheme has a different view than the fund house.
Read more about Sebi lays guidelines on votes cast by mutual funds to improve transparency on Business Standard. The move is aimed at encouraging fund houses to diligently exercise their voting rights in best interest of the unit holders