The Securities and Exchange Board of India (SEBI), which oversees the capital markets, announced that you no longer have to name a nominee for joint mutual fund accounts. This change was made in a circular issued on April 30, 2024.
Against the backdrop of instances of manipulations in the stock market, whole time member Kamlesh Chandra Varshney said the message is that abiding with the law will be more beneficial and violations will cause problems
The ZEEL shares sank almost 15 per cent in a skittish market already edgy over rumours that the Securities and Exchange Board of India was planning to widen the investigation by summoning former directors of the company for questioning over transactions with various entities in recent years
The exchange had reportedly filed a plea under the consent mechanism which allows entities to settle any violation without admission or denial of guilt
The apex court had delivered its verdict on a batch of petitions on the Adani-Hindenburg Research row over allegations of stock price manipulation by the Adani group