Rules on classification of promoters as public shareholders will also come into effect immediately for listed firms
Finance minister Arun Jaitley had 2015 Budget announced the merger of FMC with Sebi.
Rajeev Kumar Agarwal, whole-time member of Sebi and two other senior bureaucrats who are understood to be in the race for the post.
The board of Securities and Exchange Board of India (Sebi) has set September 28 as the date for the merger of Forward Markets Commission (FMC) with itself, bringing the commodities derivatives market and its brokers under the Sebi norms and leading to integration of commodities derivatives and securities trading in an orderly manner.
U K Sinha says some of SEBI’s rules are “more stringent” than that of the Companies Act and argues that phone-tapping powers can be misused.
Arun Sathe has been the national executive member of the BJP and an RSS full-timer in the past and also fought the Lok Sabha elections as a BJP candidate in 1989 against Congress’ Sunil Dutt.
Sebi found that the company was running a land purchase scheme where it was collecting money from investors to buy land.
Equity mutual funds have also witnessed a sharp rise of inflow of funds and over the last 15 months it has crossed Rs 1 lakh crore.
Sebi directed Sahara Mutual Fund and Sahara Asset Management Company to stop accepting subscription from its existing or new investors with immediate effect.
The absence of independent directors on PSU boards raises questions of corporate governance and poses a challenge for the government’s target of raising Rs 41,000 crore.
On February 13, 2014, Sebi came out with the amended listing agreement that mandated listed companies to appoint at least one woman director on the board.
The magazine had earlier published article on Algo trading based on a whistleblower’s letter to the Securities and Exchange Board of India (SEBI) that it said was also copied to Dalal.
For FY16, the country’s largest passenger carrier has already distributed `1,002.9 cr in dividends.
The Sebi does not have the power to tap phones. It can only request for call data records in suspicious cases.
Well after Prime Minister Rajiv Gandhi announced in the 1987-88 Budget his government’s intention to form a separate board for the regulation and orderly functioning of the stock exchange and the securities industry.