Zee Entertainment shares fall nearly 7% as SEBI order & merger uncertainty weighs on investors
Zee Entertainment faces significant challenges amidst allegations of fund diversion and regulatory actions
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Zee Entertainment faces significant challenges amidst allegations of fund diversion and regulatory actions
This action would result in IIFL Securities prohibition from stock broking operations.
SEBI filed a 197 page affidavit before SAT on June 17 explaining the urgent action against Subash Chandra and Punit Goenka.
Mukka Proteins earlier filed the draft papers for Initial Public Offering (IPO) with the regulator in March 2022
SEBI slapped 15 individuals with fine of Rs 87 lakh for manipulating the share price of Kapil Raj Finance.
SEBI took action against Chandra and Goenka for alleged mishandling of Zee limited funds which was challenged by the individuals in the tribunal citing the absence of a show cause notice and violation of principal of natural justice.
New rules require registration for EOPs and restrict them from offering regular mutual fund plans, raising concerns about increased costs.
The initial public offers (IPOs) process would take three days instead of the current six days, according to a proposal by Sebi.
SEBI proposes measures to prevent market abuse and frauds by requiring AMCs to implement surveillance systems, internal controls, and reporting mechanisms.
According to the markets regulator Sebi, more than 19 lakh PACL investors with claims of up to Rs 17,000 have got refunds totaling Rs 920 million.
According to SEBI, Angel Broking took advantage of the money it raised by pledging client securities. Which were for purposes other than the obligations of the individual clients.
SEBI has stated in the application that “as is the case in most investigations, every layer of information received often leads to further layers of information that are required, sought, obtained and analysed and this process is particularly time consuming where there is a complex web of transactions”.
To get more time to finish its investigation into the accusations made by Hindenburg Research against the Adani group, SEBI is expected to submit an extension request to the Supreme Court. The Supreme Court must receive the status report by May 2 to be considered.
To safeguard the interests of investors in securities market, all new fund offers (NFOs) will remain open for subscription for a minimum period of three working days, SEBI stated.
The company had filed preliminary IPO papers with SEBI on December 28, 2022.
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