Sebi

Market Regulator Tightens Norms For Resignation Of Auditors

Business | Indo-Asian News Service | Saturday October 19, 2019

In the past two years, listed companies have seen a slew of auditor resignations, and in some cases, they have come just few weeks ahead of the announcement of financial results.

Sebi Slaps Rs 23 Crore Penalty On Aurobindo Pharma Promoters; Shares Fall

Business | Written by Abhishek Vasudev | Tuesday September 24, 2019

Aurobindo Share Price: Sebi's penalty is for alleged insider trading violations done by Aurobindo Pharma's promoters between 2008 and 2009 when it entered into agreement with Pfizer.

Sebi Bars Former CG Power Chairman Gautam Thapar From Accessing Securities Market

Business | Indo-Asian News Service | Tuesday September 17, 2019

Along with Gautam Thapar, Executive Director Madhav Acharya, VRVenkatesh, and non-excutive Director B Hariharan were also named in the order.

Tribunal Quashes 2-Year Sebi Ban On PwC In Satyam Scam

Business | Press Trust of India | Monday September 9, 2019

SAT said, only the auditors watchdog ICAI can take any action against its members and fraud cannot be proved on the basis of negligence in auditing.

Sebi Orders Forensic Audit Of Sun Pharma's Accounts; Shares Plunge

Business | Edited by Anshul | Friday September 6, 2019

On the Bombay Stock Exchange (BSE), Sun Pharma declined as much as 4.01 per cent to an intraday low of Rs 414.60 apiece.

Sebi Allows Rating Agencies To Collect Clients' Debt Data

Business | Thomson Reuters | Wednesday August 21, 2019

Sebi) said it enabled rating agencies to get "explicit consent" from clients in rating agreements to secure details on debt repayments and any delays or defaults from lenders or other organisations.

Sebi Eases Norms For Foreign Portfolio Investors

Business | Indo-Asian News Service | Wednesday August 21, 2019

The Sebi in its board meet on Wednesday also decided to allow offshore funds of Indian mutual funds (MFs) to invest as FPIs.

Sterling And Wilson Solar IPO Opens Today: Here Are Key Things To Know

Business | Tuesday August 6, 2019

Sterling And Wilson IPO: Sterling and Wilson Solar Limited's three-day initial public offer (IPO) opened for subscription on Tuesday. Sterling and Wilson Solar, a Shapoorji Pallonji group company, plans to raise Rs 3,125 crore by selling 4-4.03 crore equity shares in the price band of Rs 775-780, according to the red herring prospectus filed by the...

Sebi Expresses Concern Over Related Party Transactions

Business | Press Trust of India | Sunday August 4, 2019

Securities and Exchange Board of India (Sebi) on Saturday expressed concern over related party transactions, a method "frequently" employed by corporates for diversion of funds.

Government Wants Fair Trade Regulator To Review Big Four Auditors: Report

Business | Thomson Reuters | Monday July 22, 2019

The Big Four do auditing work for almost 60 per cent of the top 500 companies that trade on the National Stock Exchange (NSE), according to corporate data tracker NSE Infobase.

IndiGo To Expand Board To 10 Members

Business | Indo-Asian News Service | Monday July 22, 2019

The Ministry of Corporate Affairs has sought "information or explanation" from the airline. Market regulator Sebi is also looking in the alleged governance lapses.

Market Regulator Proposes Tighter Disclosure For Auditors

Business | Thomson Reuters | Thursday July 18, 2019

The regulator said an auditor that has audited three quarters of a financial year should not resign before completing final quarter's audit report.

Opinion: India's Hedge Funds Threatened by Higher Taxes

Business | Andy Mukherjee, Bloomberg Opinion | Tuesday July 16, 2019

The Securities and Exchange Board of India, or SEBI, has always been suspicious of the source of capital for hedge funds investing in India from Singapore or Hong Kong.

IndiGo Co-Promoter May Not Agree On Change In Control Structure: Report

Business | Indo-Asian News Service | Sunday July 14, 2019

The feud between the two airline co-founders, Rakesh Gangwal and Rahul Bhatia, came to light on July 8 after the former wrote a letter to Sebi

IndiGo CEO Assures Employees As Promoters Feud In Public: 10 Points

Business | NDTV Profit Team | Wednesday July 10, 2019

India's largest airline IndiGo, a rare success story in the challenging aviation industry, is caught in a messy feud between its founders. Shares in InterGlobe Aviation - the owner of IndiGo - fell as much as 19 per cent on Wednesday after one of its founders, Rakesh Gangwal, sought regulatory intervention in alleged misgovernance, targeting his lo...