Page 34 - பரிமாற்றம் பலகை ஆஃப் இந்தியா செபி News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Investment advisers cannot manage funds, securities on clients behalf: Sebi
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Investment advisers can t manage funds, securities on clients behalf: Sebi
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Synopsis
Sujana Group is one of India’s biggest loan defaulters, owing INR5,700 crore to the banks. But now, as per internal documents seen by ET Prime, the Hyderabad-based company could find itself in the middle of a global depositary receipts or GDR scam, which has got Sebi’s attention, slapping crores of fines on many errant companies.
Capital-market regulator Securities and Exchange Board of India (Sebi) recently slapped fines on various entities and their promoters, and barred them from the securities markets for manipulating global depository receipt (GDR) issues. Sebi has been investigating various GDR issues wherein shares were subscribed mostly by dummy investors by creating a web of companies in offshore locations. These shares were later converted into domestic equity
Sebi bars Biocon s official from securities mkt for 3 months, levies fine
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Zomato seeks CCI nod to acquire 9 3% stake in Grofers: Report
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