Capital markets regulator Sebi has issued a corrigendum to its recent interim order in the IndusInd Bank insider trading case. The market regulator clarified that a key document in its investigation was incorrectly referred to as a “board note” in the original order but should have been described as an “engagement note.” In its June…
After a Mumbai court ordered an FIR against former Sebi chief Madhabi Puri Buch, two BSE officials, and others, markets regulator Sebi called the complaint as frivolous and asserted to challenge this order through appropriate legal steps. “Sebi would be initiating appropriate legal steps to challenge this order and remains committed to ensuring due regulatory…
Zee group patriarch Subhash Chandra on Monday levelled several allegations against SEBI Chairperson Madhabi Puri Buch and said he will stop cooperating the capital markets regulator. The Securities and Exchange Board of India (SEBI) did not offer any comment immediately. However, a source familiar with the matter told PTI that the allegations are malicious. “All…
Aimed at promoting ease of doing business for non-convertible securities, market regulator Securities and Exchange Board of India (Sebi) on Friday released a consultation paper seeking feedback on proposals, including alignment of provision regarding approval and authentication of financial results for entities having listed non-convertible securities with that for equity listed entities. Under the proposed…
A stock market trader who was being investigated for insider trading, sent abusive responses to market regulator Sebi, following which he attracted a fine of Rs 20 lakh. Rajat Mishra, the notice in the matter, replied to Sebi in the offensive phrase — “Notice de rxxe ho ya bxxxk mxxxg rxxe ho.” In this regard,…