The government has said that Sebi was empowered to take action against RIL if a probe established irregularities in share allotment by the company in 2000, and wanted to know what exactly the market regulator expected from it.
The government on Tuesday said it would take "seriously" market regulator SEBI`S letter for appropriate action against RIL for alleged routing of funds to dummy companies for buying its own shares in 2000.
Market regulator, Sebi, today distanced itself from the move of the country`s two leading stock exchanges to advance their trading time to 9 am from January 4, saying the bourses themselves should take a call in the matter.
Making it easier for mutual fund
investors to switch their distributors, market regulator SEBI
today said it is doing away with the practice of obtaining a
no objection certificate (NOC) from existing distributors.
Financial services firm India
Infoline on Thursday said it plans to begin mutual funds operations
in the first quarter of the next fiscal, after securing final
approval from capital market regulator SEBI.
SEBI on Wednesday banned the
leading English bank Barclays from issuing offshore derivative
instruments following its failure to provide "true and
accurate picture of transactions" as required by the
SEBI on Monday exuded confidence that decision on reducing listing time for companies to seven days after close of an IPO could be made in a year`s time, even as a number of entities will have to be involved in the process.