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Market regulator Securities and Exchange Board of India (SEBI) has asked six entities, including former promoters of Satyam Computer Services Ltd (Satyam), to disgorge unlawful gains of Rs624 crore with an interest of 12%pa (per annum) for about 15 years, taking the total amount to over Rs1,747 crore.
India Business News: Sebi orders B Ramalinga Raju and associates to disgorge Rs 624.1 crore and interest of about Rs 1,123 crore in the Satyam case. The four entities mani
With the advent of shareholder and media activism, the Companies Act allowing class action suits, increasing oversight by regulators and action by enforcement agencies, the position of independent directors has become highly vulnerable to civil and criminal liability
The government is concerned with recent incidents of governance failures at some large unlisted entities
Mortgage-lending pioneer Deepak Parekh, 78, will ride into professional sunset with the satisfaction of having built a powerhouse that would be the fourth biggest bank in the world when Housing Development Finance Corp (HDFC) merges with the lender it spawned three decades ago.