Sebi on Tuesday allowed sub-brokers to carry out in-person verification (IPV) of clients. ... the subsidiaries of stock exchanges, acting as stock brokers, may rely upon the in-person verification done by their sub-brokers (who are also registered with Sebi as stock brokers of the parent stock exchange) for their respective clients, Sebi said in a circular.
Rain Commodities approves buyback
Rain Commodities has informed BSE that the board of directors of the company at its meeting held on Tuesday keeping in view of the current satisfactory operations of the company and to maximise returns to investors has approved buy back of the companys fully paid-up equity shares of R2 each from open market through the Stock Exchange mechanism for an amount not exceeding R35 crores at prevailing market price.
English Indian gives dividend of R2
English Indian Clays has informed BSE that the board of directors of the company at its meeting held on Tuesday has declared an interim dividend of R2 each, amounting to R1,50,82,803.90.
Navneet Publications to consider dividend
Navneet Publications India has informed BSE that a meeting of the board of directors of the company will be held on November 2 to consider declaration of interim dividend for financial year 2011-2012. The board will also take on record un-audited financial results for the quarter ended on September 30, 2011.
Jain Irrigation fixes record date for bonus issue
Jain Irrigation Systems has fixed November 9 as a record date for the purpose of issue and allotment of differential voting right bonus equity shares of R2 each in the ratio of 1 DVR bonus equity share for every 20 existing ordinary equity shares to those shareholders whose name appears in the register of members as on the said record date.