The Securities Appellate Tribunal (SAT) on Monday dismissed pleas of Zee Entertainment promoters Subhash Chandra and Punit Goenka challenging Sebi’s interim order restraining them from holding any directorship or key managerial positions in listed entities. The appellate tribunal on June 27 had reserved its order on petitions filed by Essel Group Chairman Subhash Chandra and … Read more
The Securities and Exchange Board of India (Sebi) has issued interim order-cum-showcause notices, restraining 135 entities from accessing the securities market on alleged manipulation of shares of five smallcaps. The five companies are Mauria Udyog Ltd, 7NR Retail Ltd, Darjeeling Ropeway Company Ltd, GBL Industries Ltd, and Vishal Fabrics Ltd. Further, the regulator has issued … Read more
New Delhi, Sebi on Monday ordered the attachment of bank and demat accounts of Sahara Group firm, its chief Subrata Roy and others to recover Rs 6.42 crore for violating regulatory norms in the issuance of optionally fully convertible debentures (OFCDs). The recovery proceedings against five entities — Sahara India Real Estate Corporation (now known … Read more