SEBI found that Parsvnath Developers Ltd (PDL) failed to make provision for the outstanding amount in ledger accounts of contractors and sub-contractors and also failed to strictly comply with Accounting Standards 7 or AS 7, which deals with construction contracts.
Kolkata, June 3 (PTI): Over 600 small and medium enterprises have accessed SME platforms of the two major stock exchanges in the country till 2021, and a cumulative amount raised by these entities was over INR 7,600 crore, an official said here on Friday. Despite COVID-induced disruptions, 64 SMEs had raised about INR 900 crore from such platforms of the BSE and NSE in 2021, SEBI Wholetime member Ananta Barua said. “Already, 614 SMEs have accessed equity through the exchanges till 2021. Altogether, 367 companies have accessed the BSE exchange and 247 entities on the NSE’s platform,” he said at an interactive session with Merchants’ Chamber of Commerce and Industry. Barua said the 367 companies have raised capital from the BSE SME platform, while 247 entities accessed the NSE Emerge to get their equity funding. Each of the bourses has helped them raise a cumulative amount of around INR 3,800 crore, he said. As many as 113 SMEs from the BSE platform and 102 enterp
For the first time, market regulator Securities and Exchange Board of India (SEBI) has asked Urja Global Ltd - which is found guilty of price manipulation and false statements to get a certificate of authenticity for its disclosures to the exchange.
SEBI's Wholetime Member Ananta Barua said the market regulator is also looking at implementing other measures as announced in the annual budget by FM Sitharaman.