The Securities and Exchange Board of India (SEBI) has disposed of the instant adjudication proceedings which was initiated against Yes Bank Limited and issued a settlement order.
The Supreme Court bench led by Chief Justice NV Ramana took up the plea. Solicitor General of India Tushar Mehta appeared and informed Court that it was consented to, by NDTV that the same be taken up next week, Friday. Court then said that in that case, coercive steps may not be taken against the Roy's.
Importantly, when the government is so proud of information technology competence and many global tech giants are headed by Indians, leading-edge technology should be used to refund money that lawfully belongs to savers and investors.
The Supreme Court has decided to wind up six Franklin mutual schemes in view of Regulation 18 (15)(c) of Securities and Exchange Board of India (Mutual Funds ) Regulations, 1996.
The Securities and Exchange Board of India has overhauled the norms regarding the appointment, removal, and remuneration of independent directors. However, the new proposals need accurate supervising.
The Security and Exchange Board of India (SEBI) issued interim orders for two employees of Infosys Limited and six other entities in the matter of Insider Trading, which shall be in force until further orders.
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.