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.
“We are working on the guidelines for wilful defaulters. It will take some time,” Sebi chairman UK Sinha said at a CII conference.
The tournament saw 650 people enrolling for its maiden run last year.
The contest will culminate on December 21, the 101st anniversary of the crossword.
The Sebi order also advised the market regulator to conduct a detailed probe into confirmation of bids by Citibank NA.
Sebi has said listed companies must follow higher corporate governance standards and there will be no dilution to the new norms.
Agarwal is suspected to have acted as a middleman with SEBI and other regulatory bodies for Saradha chief Sudipta Sen
For instance, in 2009, 140 companies of Saradha Group were registered with the ROC, Kolkata in a span of four days.