Sebi also named V Karuppiah, C Gopalakrishnan and AR Murugappan as other suspects in the insider trading case.
The NPS has cumulative assets under management worth Rs 83,917.12 and 91,21,588 subscribers by April 30, 2015.
MS Sahoo, Member, CCI, said: On human resource and financial matters CCI has limited flexibility.
Market regulator Securities and Exchange Board of India passed orders against 19 entities for carrying out collective investment schemes without obtaining the certificate of registration.
Mr Raghuram Rajan and Mr Jaitley is obliged to disclose and explain the take on PDMA.
The tribunal said Sebi would need to either bring formal charges within two months or allow Factorial to resume trading Indian securities.
Government does well to defer to RBI in setting out the road map for an independent public debt management agency.
Public accounting needs to reclaim its pre-eminence as a profession and as a calling.
According to Sebi, the modus operandi of these companies involved preferential allotment of shares to related or connected entities.
The official also expressed concerns on the time taken by judicial system in India in establishing a case in an economic offence of this magnitude.
The regulator said that for each day of non-compliance beginning July 1, 2015, there will be additional penalty of Rs 1,000 per day.
So far, both BSE and NSE have evinced interest in setting up international exchange within the IFSC in Gujarat.
Those in violation of the norm are bluechip public sector firms that include ONGC, NTPC Ltd, GAIL India Ltd, Bharat Electronics Ltd and BPCL.
Sebi has also invited industry’s view to hold such share sales only on a Saturday.
New focus by Sebi and government on easing problems faced by start-ups was long overdue.