Infibeam Avenues Insider Trading: SEBI Bars 3 Entities from Markets for 1 Year, Imposes Penalty of Rs15 Lakh on Each
Moneylife Digital Team
29 April 2021
Market regulator Securities and Exchange Board of India (SEBI) has banned three entities -Shah Dhiren Mahendrakumar (HUF), Amee Dhiren Shah and Affluence Fincon Service Pvt Ltd from the markets for one year for indulging in insider trading in the shares of Infibeam Avenues Ltd (IAL). SEBI has also imposed a penalty of Rs15 lakh on each of the three entities. HUF stands for hindu undivided family.
Further, they have been restrained from buying, selling or otherwise dealing in securities of IAL directly or indirectly, in any manner for a period of two years.
Sujit Prasad takes over as executive director of SEBI
Sujit Prasad takes over as executive director of SEBI
Sujit Prasad Has Taken Over The Charge Of Executive Director Of Securities And Exchange Board Of India (SEBI) And Will Handle Market Regulation Department, It Said On Thursday.
News Nation Bureau | Edited By : Vivek Arya | Updated on: 27 Oct 2017, 06:36:44 AM
New Delhi:
Sujit Prasad has taken over the charge of executive director of Securities and Exchange Board of India (SEBI) and will handle market regulation department, it said on Thursday.
Previously, Prasad was the chief general manager and acting as executive assistant to the chairman.
SEBI may extend term of SK Mohanty
April 15, 2021
×
Santosh Kumar Mohanty, the incumbent whole time member (WTM) of SEBI, is likely to get another extension, sources told
BusinessLine. Mohanty has been working with SEBI for over six years and his current term ends in June.
Also, the term of Ananta Barua, another WTM, will end in August. SEBI had called for new applications for the WTM post but the response from outside candidates has been tepid, the sources said.
Mohanty, a former income tax official, had joined SEBI from the erstwhile commodity market regulator FMC. In FMC, Mohanty oversaw the probe into the NSEL scam under the tutelage of the then commodity market regulator Ramesh Abhishek. In SEBI, he was first made an executive director and then became the WTM. For most part of his tenure at SEBI, Mohanty looked after market regulations and the commodity derivatives department. However, in a change of portfolio a few months ago, the market regulations and commodity deri
Finance Minister Nirmala Sitharaman on Wednesday appreciated the measures taken by Sebi, especially to deal with the COVID situation, and emphasised the need for timely implementation of announcements related to the capital market made in the Union Budget 2021-22. The minister addressed the board of Sebi in the national capital on Wednesday for the first time after the presentation of the Budget on February 1.
Sebi Chairman Ajay Tyagi made a presentation on current market trends and challenges, measures taken in the wake of the pandemic, capital raising during this financial year and implementation road map for Sebi-related budget announcements, and corporate bond market development, the regulator said in a release.
BW Businessworld
HDFC Chairman Deepak Parekh Settles Matter With Sebi; Pays Rs 9.37 Lakh As Settlement Charges Parekh has settled the matter by paying Rs 9.37 lakh towards settlement charges without admitting or denying the findings of fact and conclusions of law .
Photo Credit :
Mortgage lender HDFC Ltd s Chairman Deepak Parekh has settled with markets regulator Sebi a matter of non-compliance with an erstwhile listing agreement. Parekh has settled the matter by paying Rs 9.37 lakh towards settlement charges without admitting or denying the findings of fact and conclusions of law .
The matter pertains to non-compliance with the erstwhile listing agreement by Parekh with respect to an Inter-Corporate Deposit (ICD) advanced by HDFC Ltd to Gliders Buildcon Realtors Pvt Ltd, a group company of Piramal Realty Pvt Ltd.