SEBI Reverses Licence Cancellation of Brickwork Ratings, Sets Compliance Requirements
SEBI (Security Exchange and Board of India), the Capital markets regulator of India has Reversed Licence Cancellation for Brickwork Ratings after SAT (Securities Appellate Tribunal) asked SEBI to “reconsider the quantum penalty” in the month of June.
Brightcom CMD and CFO resign following SEBI’s Order
Brightcom announced the resignation of Chairman & Managing Director Suresh Reddy with effect from 27th August 2023. The company’s Chief Financial Officer Narayana Raju has also resigned from his post.
L&T Investment Management case dismissed by SEBI without sanctions
In spite of L&T Investment Management's failure to keep sufficient records on investment decisions, the capital market regulator SEBI did not impose any fines and dismissed the case.
SEBI prohibits Brightcom’s auditors from engaging with the company, bars CMD and CFO from board positions
Market regulator SEBI issued an interim order against Brightcom Group (BGL) on August 22, demanding that the company cease any engagement with its statutory auditors, P. Murali & Co. and PCN & Associates, along with their present and past partners, until further notice.
Amarjeet Singh appointed Whole-Time Member of SEBI
In a significant development, the Securities and Exchange Board of India (SEBI) has announced the appointment of Amarjeet Singh as a Whole-Time Member for three years.
Kamlesh Varshney appointed Whole-time member of SEBI
Securities and Exchange Board of India (SEBI) announced the appointment of Kamlesh Varshney as a Whole Time Member.
Barendra Kumar Bhoi Completes his term as Independent Director of Patel Engineering
Patel Engineering announced the Retirement of Independent Director Barendra Kumar Bhoi with effect from 13th August 2023.
SAT received a record 1,192 appeals last Fiscal
The Securities Appellate Tribunal (SAT) received a record 1,192 appeals during FY’23, up 53% from the previous year, according to the Annual Report, released on Monday 7th August.
SEBI Moots Proposal To Improve Safeguards Within Account Aggregators Framework
Securities markets regulator SEBI has released a consultation paper that deals with use cases of Financial Information Users (FIU). The proposal intends to strengthen the safeguards within Account Aggregators (AA) framework and curb fraud and mis-selling.
SEBI has received 4,085 complaints on Corporate governance in four years
In the past four and a half years, the capital markets regulator SEBI has received 4,085 complaints alleging that 1,551 companies have violated corporate governance standards. Pankaj Chaudhary, minister of state for finance, stated in a written reply to the Rajya Sabha. Minister stated that of these
