Nilekanis return was equivalent to the return of the lost son. He was expected to return the company to the good old days when corporate governance was not mere lip service given to shareholders during annual general meeting, but a way of life.
Sebi asks cos to disclose loans and guarantees given by them
SECTIONS
Last Updated: Jun 01, 2021, 06:37 AM IST
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The move is aimed at bringing transparency and strengthening disclosures about such loans and guarantees, Sebi said.
The regulator has come out with a new disclosure format in this regard which will be effective from financial year 2021-22.
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NEW DELHI: Markets regulator Sebi on Monday asked listed companies to make disclosure about loans and guarantees provided by them to promoter or any other entity controlled by them on a half-yearly basis in the compliance report on corporate governance.
The move is aimed at bringing transparency and strengthening disclosures about such loans and guarantees, the Securities and Exchange Board of India (Sebi) said in a circular.
Senior principal of corporate account group at Infosys
Designated person for the price sensitive information at Infosys. Alleged to have leaked the insider information to Pranshu.Source: SEBI, = unpublished price sensitive information (UPSI)
Phone calls, emails and the ‘fatherly’ connection
SEBI has gathered a plethora of evidence to support its allegations using email exchanges, telephonic records and banking transactions. And, it all starts with Pranshu Bhutra.
Amit Bhutra is listed as a director on the board of a company called Mahrishi Alloy Private limited, which claims to make steel products. And, so is Pranshu Bhutra’s father, Ram Bilas Bhutra. That’s where the trail begins.
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.
Infosys senior corporate counsel Pranshu Bhutra and senior principal Venkata Subramaniam V V were barred from accessing the securities market after investigating insider trading in the shares of Indias second most valued IT company last year