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SEBI
debars Ketan Parekh for 14 years
Mumbai: The Securities and Exchange Board of India
has banished stockbroker Mr Ketan Parekh, his cousin,
Mr Kartik Parekh, and their seven associate firms from
the capital market for 14 years for alleged manipulation
of share prices and fictitious trading.
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SEBI
moots minimum disclosure norms for restructuring of companies
Mumbai: The Securities and Exchange Board of India
has prescribed a set of minimum disclosures that companies
undergoing restructuring need to make to their shareholders.
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SEBI
panel moots curbs on stock split
Mumbai: The Secondary Market Advisory Committee
of the Securities and Exchange Board of India has suggested
that no listed company whose average market price in the
previous six months is less than Rs 500 per share be allowed
to split the value of its equity share.
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Net
FII inflows top $7 billion
Mumbai: Net investment by foreign institutional
investors in the domestic market this year now stands
at $7.1 billion. This is more than double the previous
best of $3.05 billion in 1996.
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RBI
clearance not required for FIIs' registration
Mumbai: THE foreign institutional investors registered
with the Securities and Exchange Board of India need not
obtain clearance separately from RBI for undertaking operations
in the country, according to the RBI.
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UTI
AMC forcing VRS down our throats: Staff
Kolkata: The Unit Trust Employees' Association,
which has opposed some service conditions imposed by the
Government, is said to have found support from trade unions
representing banking, insurance and oil sectors.
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Sunil
Kayan barred from trading till probe ends
Kolkata: SEBI on Wednesday prohibited Mr Sunil
Kayan, allegedly the brain behind illegal 'dabba' trading
on Lyons Range from dealing in securities till completion
of inspection proceedings against him.
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