India’s Finance Minister Nirmala Sitharaman stands next to Minister of State for Finance and Corporate Affairs Anurag Thakur (L) as she leaves her office to present the federal budget in the parliament in New Delhi, India, February 1, 2021. REUTERS/Anushree Fadnavis
In India’s 2021 budget, Finance Minister Nirmala Sitharaman proposed merging the four acts that presently govern capital markets and securities, namely the Securities and Exchange Board of India Act, 1992 (SEBI Act), the Depositories Act, 1996 (Depositories Act), Securities Contracts (Regulation) Act, 1956 (SCRA) and Government Securities Act, 2007 (Government Securities Act), to form a single securities markets code.
WHY IS THERE A NEED FOR A CONSOLIDATED CODE?
Delhi court dismisses Awanish Kumar s bail plea for misappropriation of funds ANI | Updated: Feb 20, 2021 16:16 IST
New Delhi [India], February 20 (ANI): A Delhi court has dismissed the bail plea of Awanish Kumar Mishra, Director of Allied Financial Services Pvt Ltd (AFSPL), who was arrested by Delhi Police s Economic Offences Wing (EOW) for alleged misappropriation of funds to the tune of Rs 345 crore.
Reetesh Singh, Additional Sessions Judge of Karkardooma Court complex in an order passed on February 18 said that accused Awanish Kumar Mishra who faces the same set of allegations as that of co-accused V. Hansprakash will also be in the same boat. However, as the Counsel for the complainant has submitted that he has filed an application for cancellation of bail against accused Awanish Kumar Mishra which is pending in another Court, it will not be appropriate for this Court to make any comment about the existence or absence of any order of i