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.
SEBI has suggested amendments in ICDR to streamline the role and accountability of promoters and bring Indian law in line with international standards.
The Supreme Court has received a petition from the Securities and Exchange Board of India (SEBI), India’s stock market regulator, asking for directions to beleaguered Sahara India chief Subrata Roy to pay up Rs 62,600 in dues.