The Securities and Exchange Board of India has confirmed the direction of the interim orders in the matter of CNBC Awaaz Stock 20-20 Show co-hosted by Hemant Ghai after a preliminary examination of transactions for the relevant period to look into the possible violations of provisions of the SEBI Act, 1992.
Indiabulls Venture Ltd and its top officers have been fined by market watchdog Securities and Exchange Board of India (SEBI) for insider trading. A Rs 1.05 crore fine was imposed on India Bulls Venture Limited, its former non-executive director, her husband, and the firm's company.
A Show Cause Notice dated October 28, 2020, was issued to show cause as to why an inquiry should not be initiated against them and penalty not be imposed upon them under the relevant provisions of SEBI Act for the violations alleged to have been committed by them.