23
Friday
February 2018
2:15 AM IST
News Headlines
Home   | Main News   | Kerala  | National   | International  | Business   | Sports   | Entertainment   | Columns   | Offbeat   | About Deepika 
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.


Sensex slips 144 points ahead of F&O expiry
Rupee declines 30 paise against dollar in early trade
Weak demand, global cues soften gold
Indian IT Likely To See 7-9% Growth In FY19, May Hire 1 Lakh New Techies
Rupee falls 31 paise against US dollar in opening trade
Tata Steel emerges as the highest bidder for Bhushan Steel with a surprise bid of Rs 35,000 crore
Debt-laden Aircel to file for bankruptcy at NCLT
Gold slips on fall in demand, global cues
PNB fraud: Nirav Modi, Mehul Choksi's passport suspended; 50 more firms to be raided
Rupee gains 6 paise against dollar in opening trade
Sensex rises 196 pts, Nifty reclaims 10,600-mark
Re gains 14 P to trade at 2-week high in opening trade
Uber CEO aims to pare losses and get 'the love back'
Jewellery stocks take a hit after PNB fraud
Sensex rises over 200 points, Nifty near 10600
Trump slams India for high import tariffs on Harley-Davidson
PM woos investors at Oman-India business meeting
Sensex sheds 144 pts in late sell-off; bank stocks sink
Rupee gains 19 paise against dollar in opening trade
Sensex recovers 260 points, Nifty above 10,500-mark
KERALA NEWS
Suicide attempt at Kottayam Collectorate
 (Kottayam, Feb 22, 2018, DG): A man attempted suicide at the collectorate building here on Th  
Shuhaib murder: LDF govt open to CBI investigation
Bridegroom arrested in rape case one day before marriage
Kattakkada acid attack: Spurned lover arrested
INTERNATIONAL NEWS
Trump backs ban on 'bump stocks' on semi-automatic weapons
 (New York, Feb 21, 2018): Faced with an outpouring of grief and anger over a deadly school sh
Death toll crosses 200 as Syria regime pounds rebel enclave, sends fighters to face Turkey
Japan plan to build world's tallest wooden skyscraper
Nepal's two Communist parties decide to merge
NATIONAL NEWS
Canadian PM visits Jama Masjid with family
 (New Delhi, Feb 22, 2018): Canadian Prime Minister Justin Trudeau and his family members toda
India ranks 81st in global corruption perception index
Babus to get PM's award for promoting digital payments
PF interest reduction fallout of PNB scam : Mamata
Untitled Page
Rashtra Deepika LTD
Copyright @ 2017 , Rashtra Deepika Ltd.