SEBI reduces time period for book closure
Mumbai: The Securities and Exchange Board of India has reduced the time period for record date and book closure with immediate effect following the representation received from various quarters of the securities market.
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Electrolux Kelvinator to submit revised rights issue proposal to SEBI
New Delhi: Electrolux Kelvinator Ltd, the Indian subsidiary of the Swedish white goods major AB Electrolux is all set to submit its updated letter of offer for the Rs 199.7-crore rights issue proposal before the Securities and Exchange Board of India.
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AMFI seeks UTI help to study Finance Ministry circular on service tax
Kolkata: The Association of Mutual Funds in India has requested Unit Trust of India to examine the Finance Ministry's circular which says the services of distributors of mutual funds are basically in the nature of services of commission agents as defined under `Business Auxiliary Services' and are liable to service tax.
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Small investors now more informed: Bajpai
Mumbai: The SEBI Chairman, Mr G.N. Bajpai, today said small investors seemed to have become more informed about the stock market as they had sold shares in the rising market this year.
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