Sebi order News
United Breweries Ltd (UBL) had stopped sharing company-related information with erstwhile chairman Vijay Mallya since February after Sebi restrained the fugitive liquor tycoon from holding position as director or key managerial personnel in any listed firm.
Investor wealth on Tuesday plunged by Rs 1.43 lakh crore amid sell-off in the stock market where the BSE benchmark index slumped nearly 260 points.
SAT asked RIL to submit a list of MFs to Sebi through which it would participate in equity derivatives markets.
Markets regulator Sebi has ordered attachment of bank and demat accounts of seven entities to recover total dues of about Rs 70 lakh.
Capital market regulator Sebi has passed 96 orders against various entities during the past three years for running illegal collective investment schemes, Parliament was informed on Friday.
The violations were found with regard to suppressing key information at the time of the realty major's IPO in 2007.
In an interim relief against Sebi order, realty giant DLF was on Wednesday allowed by the Securities Appellate Tribunal to redeem mutual funds worth Rs 1,806 crore till next month.
As per Sebi's order, the money was asked to be deposited with the regulator within 45 days, while interest would be levied at 12 percent per annum with effect from January 7, 2009.
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