21
Monday
August 2017
7:15 AM IST
News Headlines
Post demonetisation, separatists and Maoists feel 'fund-starved': Arun Jaitley        Kalinga Utkal Express derailment: 4 railway officials suspended based on prima facie cause of accident        ACB forced me to testify against BS Yeddyurappa: KAS officer        Wreckage of US warship found after 70 years        Bangladesh sentences 10 to death for plot to kill Prime Minister Sheikh Hasina        Stand-up comedian, activist Dick Gregory dies        Shikhar Dhawan bags 11th ton as India hammer Sri Lanka by 9 wickets in opening ODI        Probe allegation against Kerala Transport Minister: VS Achuthanandan        Nitish Kumar-led JD(U) passes resolution to join NDA        ‘Pakistan’s Mother Teresa’ accorded state funeral        Upul Tharanga's Sri Lanka seek redemption against Virat Kohli and Co        India rally to beat Mauritius 2-1 in Tri-Nation opener        23 dead as 14 coaches of Utkal Express derail in UP        Shukkoor murder: CBI re-investigation against CPI(M) leaders        Positive result on merger in a day or two: Panneerselvam        Malappuram conversions: State didn't submit report, says Minister        Nitish, Sharad supporters clash outside CM's house        Knife attacker in Russian city wounds 8, shot by police        Two new earthworm species found in Western Ghats        Oommen Chandy's idea not practical: Antony        
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Business News
15 entities settle case with Sebi, pay Rs 5.17 lakh
 
New Delhi, Aug 7 (PTI) Fifteen entities have settled a case related to alleged violation of disclosure norms with markets regulator Sebi after payment of Rs 5.17 lakh as settlement charges.

The entities had filed applications to settle the "proposed adjudication proceedings" related to alleged delay in making disclosure regarding increase in shareholding of one of the promoters -- Bhutoria Investment -- in the shares of RTS Power Corporation as required under Takeover Regulations.

The settlement terms proposed by the entities were considered by Sebi's High Powered Advisory Committee (HPAC), which recommended the case for settlement on payment of Rs 5,17,500 by the 15 entities.

The recommendation of HPAC was also accepted by the panel of whole-time members of Sebi.

The entities are Abhay Transformers, Bhutoria Brothers, Bhutoria Investments, Rajasthan Transformers and Switchgears, Howrah Warehouse (merged with Rajasthan Transformers and Switchgears), Abhay Bhutoria HUF, Rajendra Bhutoria HUF, Hemlata Bhutoria, Rajendra Bhutoria, Sharad Bhutoria, Abhay Bhutoria, Rachna Bhutoria, Sadhna Bhutoria, Bhutoria Transformers and Rectifiers and Ladnum Agricultural Farms.

Last month, the entities paid the settlement amount of Rs 5,17,500 and accordingly, the Securities and Exchange Board of India (Sebi) settled the proceedings.

In an order passed on August 4, the regulator said that if any representation made by the entities in the settlement proceedings is subsequently discovered to be untrue, enforcement actions including commencing of proceedings can be initiated against them.


RBI to issue new fluorescent blue Rs 50 notes
Modi to launch Rs 15k-cr road projects
Vishal Sikka Quits As Infosys CEO, Board Attacks Narayana Murthy
Rajasthan holds IT fest to develop apps on state schemes
Govt taking steps to uproot corruption: Modi
Videocon names Rajesh Rathi as business head
Hike in cess to impact growth of global s in India: Honda
Over 9.3 crore PANs linked with Aadhaar
Markets move down for 3rd day on US-N Korea tension
Denial of benefit over lack of Aadhaar is breach of norms
Axis Bank cuts interest rate on savings bank account
Govt developing tech to check mobile info leak of officials
RBI cuts repo rate by 25 bps to 6%, loans may get cheaper
Tata Tele Maharashtra to raise up to Rs 1,300 crore
Jaitley introduces 2 bills in LS to extend GST to J-K
GST has not impacted consumer offtake, says HUL
RBI chief calls on Jaitley before policy review
WhatsApp says 100 crore people use its messaging services every day
UP govt will address all issues faced by mango farmers: CM
Rupee halts 2-day fall; capital inflows come to rescue
KERALA NEWS
Shukkoor murder: CBI re-investigation against CPI(M) leaders
 (Kannur, Aug 19, 2017, DG): The CBI has decided to conduct a re-investigation against CPI(M) leaders  
Malappuram conversions: State didn't submit report, says Minister
Two new earthworm species found in Western Ghats
Oommen Chandy's idea not practical: Antony
INTERNATIONAL NEWS
Wreckage of US warship found after 70 years
 (Washington, Aug 20, 2017):The wreckage of a lost US warship has been found 72 years after a
Bangladesh sentences 10 to death for plot to kill Prime Minister Sheikh Hasina
Stand-up comedian, activist Dick Gregory dies
‘Pakistan’s Mother Teresa’ accorded state funeral
NATIONAL NEWS
Post demonetisation, separatists and Maoists feel 'fund-starved': Arun Jaitley
 (MUMBAI, Aug 20, 2017):Union finance minister Arun Jaitley on Sunday said demonetisation left
Kalinga Utkal Express derailment: 4 railway officials suspended based on prima facie cause of accident
ACB forced me to testify against BS Yeddyurappa: KAS officer
Nitish Kumar-led JD(U) passes resolution to join NDA
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