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Top News In Arth Udyog Ltd Today - Breaking & Trending Today
Even after finding Samir Jain, vice president and managing director of Bennett Coleman Co Ltd (BCCL or the Times group), and his wife Meera Jain (who was also director of BCCL), hiding their status as promoters and projecting themselves as public shareholders in two listed companies, market regulator Securities and Exchange Board of India (SEBI) allowed them to get away just by paying a minor penalty. However, they have been barred from the market until necessary compliance is carried out. ....
As per SEBI, the two companies did not make adequate disclosures about their promoter entities. The companies, listed on Calcutta Stock Exchange, have also been directed to disclose details about their promoters. ....