Sebi seeks Sahara bank a/c details, help from RBI
Sebi has asked various banks to provide it all account details of the Sahara group as well as their promoters and directors, and is also seeking help from RBI, ED and Financial Intelligence Unit as part of a multi-pronged probe into the entity. Besides, the Sebi has also written to the Sahara group to furnish the details of bank accounts and properties held by them so as to enable it to take recourse to appropriate legal remedies as per the Supreme Court directions, the Parliament was informed on Friday.
Sebi has no powers for call records, phone tapping
Government rules do not allow market regulator Sebi to access call records and tap phones, the Parliament was informed on Friday. The Securities and Exchange Board of India (Sebi) has been requesting the government for quite some time to give it access to call data records of people being investigated by it in cases of possible violation of capital market regulations. Sebi has often cited lack of its access to call records as a major handicap in its investigation processes.
133 plaints on share price irregularities since 2011
Market regulator Sebi has received 133 complaints regarding alleged irregularities in share prices of companies since April last year. Besides, the regulator has initiated adjudication proceedings in eight cases for alleged violations of takeover regulations so far this fiscal, MoS for finance Namo Narain Meena informed the Lok Sabha. Sebi had received a total of 344 complaints regarding irregularities in share prices during the period April 1, 2009 to November 30, Meena said.
CARE market debut gets 4% subscription
Rating agency CARE’s initial public offer (IPO) received 4% subscription on the first day of the public issue on Friday. The IPO attracted bids for 2.56 lakh shares against 71.99 lakh shares on offer by 1700 hrs, as per data available with the NSE. The category reserved for non-institutional investors received 1% subscription, while shares reserved for retail investors got subscribed 10%, data showed.
Sebi slaps R5-lakh fine on Kanel Oil & Export
Sebi has slapped R5 lakh penalty on