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PROMOTER FUND MISUSE
IBBI seeks to streamline real estate insolvency regulations with focus on homebuyersIndia's bankruptcy watchdog is proposing significant reforms to expedite real estate insolvency. Key changes include excluding completed or...- How global scammers use US tech to fleece peopleIndian scammer Safeer Koorimannil reveals how AI from American tech giants fuels global fraud rings in Myanmar. Trafficked to a scam center...
- Homebuyers 'fraud' case: ED attaches fresh assets worth Rs 503 crore of Raheja DevelopersThe Enforcement Directorate has attached fresh assets worth approximately Rs 503 crore in a money-laundering probe against Raheja Developer...
- India’s fertiliser subsidy model is broken; direct income support is the only way forward: Ashok GulatiIndia’s fertiliser subsidy regime is facing scrutiny; rising global fertiliser and energy prices and rising fiscal pressures expose its ine...
- India rejects Canada’s espionage claims, says CSIS allegations 'baseless'India has firmly rejected allegations of espionage made by Canada. The Ministry of External Affairs stated that such concerns should be add...
- Many Gensols yet to come out? Vijay Kedia lists 10 red flags in companies that scream 'scam alert'After Sebi barred Gensol Engineering for fund misuse, Vijay Kedia warned of more such companies hiding in plain sight. He outlined 10 red f...
- Sebi orders attachment of bank, demat accounts of Karvy Stock Broking, its CMDMarkets regulator Sebi on Thursday ordered the attachment of bank accounts as well as shares and mutual fund holdings of Karvy Stock Brokin...
- Sebi issues Rs 25-cr notice to Karvy Stock Broking, ParthasarathySebi in April 2023 barred KSBL and Parthasarathy from the securities market for seven years and also imposed a penalty of Rs 21 crore on th...
- Sebi bans Karvy Stock Broking, promoter from securities market for 7 years; fines Rs 21 croreWhile Parthasarathy has been restrained from holding the post of director, or any key managerial position in any listed public company and ...
- Bhushan Power misused bank loans to route funds to promoter cos: EDBPSL had devised a peculiar modus operandi to siphon funds obtained as loans from various banks/financial institutions, said the Enforcemen...
- SFIO finds extreme misuse of corporate structure in Bhushan Steel caseBhushan Steel had defaulted on loans and the banks had to take a haircut of more than Rs 20,000 crore as part of the resolution process.
- Sebi slaps Rs 10 lakh fine on Choice Broking for misusing clients' fundThe Securities and Exchange Board of India (Sebi) carried out an inspection of broking operations of Choice Equity from April 2015 to Septe...
- Inventure growth, promoters barred from market over IPO fund misuseThe promoter and directors gave a wrong certificate in the prospectus.
- Urban Infra VC files FIR against Everest promoters for alleged misuse of fundsThe information has come to the fore in the wake of incidents relating to realty developers, Unitech and Mantri Realty, that shook up the s...
- Sebi board to discuss SIT suggestions on black money fightIn its latest report, the Special Investigation Team on Black Money had suggested that Sebi needs to further strengthen its monitoring mech...
- Start-up IPOs: India Ratings talks of funds misuse risksThe recent decision of Sebi to ease the initial public offering (IPO) norms for start-ups is likely to pose a risk as the funds raised are ...
- Promoters will now have to shell out more for corporate debt restructuringPromoters will have to invest more of their own funds to demonstrate commitment to their business if they want banks to restructure loans.
- Lenders to impose stringent conditions to restructure loans of companiesBankers are set to impose stringent conditions to restructure loans of companies, particularly if the promoter is found incompetent or has ...
- Bankers meeting today to end misuse of debt restructuringsThe meeting is "to redefine the acceptable parameters for restructuring of borrowers' debts under corporate debt restructuring (CDR)", a no...
- Render unto CaesarIt's time BCCI and IPL paid taxes. The govts must tighten the norms.
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