The firm has maintained that it has not violated any laws and would defend its position.
Since 1991, independent regulators have been set up by Parliament in various sectors to meet the changing needs of a market-driven economy.
A recent amendment in Sebi Act gives the market regulator powers to monitor all money-pooling schemes involving Rs 100 crore or more.
Shares of realty giant DLF today fell sharply by over 28 per cent, wiping-out Rs 7,439 crore from its market valuation.
DLF and its six officails barred for non-disclosure of legal cases during the company’s initial public offering (IPO) in 2007.
The price has risen from Rs 73.78 on September 25 to Rs 102.65 shooting well above the offer price of Rs 93.6 before slipping back to Rs 95.
The government is considering a proposal to merge the Forward Markets Commission…
ED has taken up investigations against the firm after complaint registered by SEBI
REITs will enable easier access to funds for developers, create new investment avenue for institutions and HNIs.
These trusts are like mutual funds that raise resources from many investors which will be directly invested in realty or infrastructure projects.
UK Sinha batted strongly for investing 15 percent from the EPFO in the equities and securities market.
Last month the board of the Capital markets watchdog had approved regulations for REITs.
The CBI counsel opposed the bail prayer alleging that Agarwal acted as a link between some officials of SEBI and Sen.
MCX Stock Exchange (MCX-SX) has received approval from capital markets regulator Sebi to rename itself as Metropolitan Stock Exchange of India or mSXI.
Experts say the new regulatory framework has made it easier for SWFs to access Indian markets.