For regulatory authorities, the new rules to collect information on final investors in a fund are aimed at curbing round-tripping and money laundering transactions as well as violations of foreign holding restrictions in listed companies.
Illegal trading gains of Rs 3.06 crore are to be impounded, Sebi said in its order. Besides the two Infosys executives mentioned above, the other individuals and entities barred are Amit Bhutra, Bharath C Jain, Manish Champalal, Ankush Bhutra, Capital One Partners and Tesora Capital.
Read more about Sebi gives foreign investors more time to furnish contact, income details on Business Standard. The regulator is also meeting custodians this week to thrash out a solution and address investors concerns
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.
Read more about India could see a record equity supply of Rs 2-3 trn in FY22: Jefferies on Business Standard. Over the past decade, the contribution of IPOs to equity fund-raising at around 27 per cent has been muted, Jefferies said