ICICI’s board has denied any wrongdoing, highlighting that the loan was underwritten in accordance with the bank’s credit standards and was extended as part of a consortium involving over 20 banks.
Also tweaks buyback norms, approves amendments to takeover regulations
“Considering the evolution and internationalisation of the capital markets, it would be worthwhile to consider facilitating companies incorporated in India to directly list their equity share capital abroad and vice versa,” said a Sebi statement.
The airline in its clarification said similar allegations had earlier been communicated to it by Sebi in June 2016, based on a complaint received by the regulator.
Neat on Web or NOW is a shared computer to computer link and risk management tool for trading members, provided by NSE’s subsidiary Dotex.
The market regulator said that PNB has not made any provision or disclosure with respect to the fraud of Rs 280 crore in the financial statements for the quarter ended December 2017 and thereby not complied with a necessary clause.
The bank had initially said it had been defrauded of only 2.8 billion rupees, or about $41.3 million, before going on to disclose what has become the largest ever loan fraud case in Indian banking history.
While setting a deadline of April 1, 2019 regarding the independent directors, Sebi said the companies will have more time to split the CMD post, for which the deadline is April 1, 2020.
Sebi has now proposed to classify CRAs, debenture DTs and registrar RTAs in market infra institutions.
According to the draft papers, the proposed IPO offers up to 2.54 crore equity shares of the fund house through an offer for sale of 85.92 lakh shares by HDFC and up to 1.68 crore shares by Standard Life Investments.
According to the markets regulator, the decision to extend the trading duration is “to enable integration of trading of various segments of securities market at the level of exchanges”.
The Sebi’s move is aimed at maintaining consistency and adopting a uniform approach in the matter of levy of fines for non-compliance with certain provisions of the listing regulations.
As of March 31, 2017, the total number of ‘defaulters’ in payment of penalty imposed by the regulator stood at 1,847, according to latest data released by Securities and Exchange Board of India (Sebi).
The properties listed for the sale include a four-star hotel, resorts, land parcels, office spaces and shops in Maharashtra, Karnataka, West Bengal, Madhya Pradesh, Tamil Nadu and Kerala.
Certain amounts due are as small as Rs 15,000, while the majority of individual penalties are worth a few lakhs of rupees, and others amount to a few crores of rupees.