MUMBAI: SEBI is planning to approach the Registrar of Companies to introduce strict norms for revalidating transfer deeds. Currently, RoC revalidates the transfer form when the date expires after one year for each and every case without verifying the cause of delay for expiry of transfer forms. This was discussed on Friday by SEBI's internal committee on good/bad delivery norms.GIC chief opens insurance meetMUMBAI: The Chairman of General Insurance Corporation K C Mittal today inaugurated risk management chapter of the Loss Prevention Association of India (LPAI) on Friday in Mumbai.Inaugurating the seminar, Mittal said LPA is doing a good job in the areas of loss prevention. The chairman added that there is a strong demand for the risk management consultancy services from the corporates in the country. Earlier, R M Shah, MD of LPA welcomed the guests. The new service would emerge as a profit centre.SBT to raise Rs 90 crMUMBAI: State Bank of Travancore (SBT) is entering the capital market with an offer of 15 lakh equity shares of Rs 100 each at a premium of Rs 500 per share aggregating Rs 90 crores. The offer will open on December 8, 1997. The bank has a branch network of 655 branches and 47 extension counters spread across 14 states. As of March 31, 1997 the bank has assets of Rs 7790 crore and reported a net profit of Rs 40.25 crore in 1996-97. About 50 % of the offer is reserved for allotment to the investors applying for 100 shares or less.Greaves signs MoU with PiaggioMUMBAI: Greaves Ltd, the Rs 800 crore Thapar Group company, signed a memorandum of Understanding with Piaggio Spa, Italy, Europe's leading 2 and 3-wheeler manufacturer for setting up a joint venture.
