Published Jun 12 2012 by Topnews.in


Sahara firm bypassed norms to raise funds, SC told

New Delhi, June 12 - The SEBI Tuesday told the Supreme Court that the real estate arm of the Sahara group of companies had no right to mobilise Rs. 27,000 crore from 30 million investors through debentures without complying with the regulatory regime.

The Securities and Exchange Board of India (SEBI) said the company raised the money through...

Share this 

Quotes

"The fact which needs more attention is that this massive mobilisation was made outside the well developed investor protection framework developed by the SEBI" Datar said

Related Stories

First reported 1 hour ago - Updated 1 hour ago - 1 reports

Surprise! Subrata Roy's Sahara group keen contender for Mumbai floating hotel

The Sahara group is a keen contender for Mumbai’s first floating hotel project, even as it is in the process of selling off its iconic hotels — Grosvenor House in London, Plaza Hotel and Dream House in New York — to secure the bail bond for the release ... [Published Financial Express - 1 hour ago]
First reported Aug 30 2014 - Updated Aug 30 2014 - 1 reports

Debenture issuance authorization

Publicly-held CompanyCNPJ/MF No. 07.816.890/0001-53NIRE No. 33.3.0027840-1MULTIPLAN EMPREENDIMENTOS IMOBILIÁRIOS S.A. ("Company") hereby gives notice to its shareholders and the market in general that the Board of Directors' Meeting held on August 29 ... [Published Noodls - Aug 30 2014]
First reported Aug 30 2014 - Updated Aug 30 2014 - 1 reports

What Mitra could have done

Those who split administrative hairs say that in the strictest sense, the state government couldn’t do much as Saradha and similar cash-collection companies had got registration from the Registrar of Companies and subsequent approval from Sebi. But others ... [Published Calcutta Telegraph - Aug 30 2014]
First reported Aug 29 2014 - Updated Aug 29 2014 - 1 reports

Family Memorials makes $664,020 debenture payment

Mr. Scott Kellaway reportsFAMILY MEMORIALS ANNOUNCES QUARTERLY PRINCIPAL PAYDOWNFamily Memorials Inc., pursuant to the terms of the 12-per-cent subordinated secured debentures issued pursuant to the debenture indenture dated Oct. 31, 2013, entered into ... [Published Stockwatch - Aug 29 2014]
First reported Aug 29 2014 - Updated Aug 29 2014 - 1 reports

Mysterious ‘Jash’ a senior Sebi official?

KOLKATA: It seems that CBI is a step closer in identifying the mysterious character 'Jash' in Mumbai who played a crucial role in the entire money chain that involved Saradha boss Sudipta Sen, East Bengal de-facto secretary Debabrata Sarkar aka Nitu and ... [Published Times of India - Aug 29 2014]
First reported Aug 29 2014 - Updated Aug 29 2014 - 1 reports

India Inc pushes for dilution, delay of new regime

Officials of top corporate groups, directors and consultants are in constant discussion with ministers, officials and regulators to cushion the blow of the new corporate governance norms on their existing business arrangements. These interest groups are ... [Published Business Standard India - Aug 29 2014]
First reported Aug 29 2014 - Updated Aug 29 2014 - 1 reports

Small guys can punch above their weight

Come October, the retail investor will have more power over his investments in listed companies than ever before. He can block promoters using company resources to enrich themselves, have greater confidence in the independence of the board running the ... [Published Business Standard India - Aug 29 2014]
Network
Network

Blogs

sort by: Date | Relevance
Boxxer Completes $620,000 Private Placement [Published Marketwire - Breaking News Releases - Aug 29 2014]
CALGARY, AB--(Marketwired - August 29, 2014) - Boxxer Gold Corp. (TSX VENTURE: BXX) (PINKSHEETS: BXXRF) (" Boxxer " or the " Corporation ") is pleased to announce that, further to news releases dated August 19, 2014 and August 26, 2014, Boxxer has ...
Family Memorials Announces Quarterly Principal ... [Published Marketwire - Breaking News Releases - Aug 29 2014]
THUNDER BAY, ONTARIO--(Marketwired - Aug. 29, 2014) - Family Memorials Inc. (TSX VENTURE:FAM) (the " Corporation ") is pleased to announce that pursuant to the terms of the 12% Subordinated Secured Debentures (the " Debentures ") issued pursuant to ...
Aldridge Announces US$45 Million Financing with... [Published Business Wire Natural Resources News - Aug 29 2014]
TORONTO--(BUSINESS WIRE)--Aldridge Minerals Inc. (TSX Venture:AGM) (“Aldridge” or the “Company”) is pleased to announce that it has executed definitive agreements with Orion Fund JV Limited, an affiliate of the Orion Mine Finance funds, (“Orion”), in ...
Orex Announces the Closing of a 10% Non Convert... [Published Marketwire - Breaking News Releases - Aug 29 2014]
MONTREAL, CANADA--(Marketwired - Aug. 29, 2014) - OREX EXPLORATION INC. (TSX VENTURE:OX) (the "Company" or "Orex") - Orex announces the closing of a non-brokered private placement of $185,000 (the "Placement"). The Placement consists of 185 Units ...
ACT Aurora Control Technologies Corp. Closes 2n... [Published Marketwire - Breaking News Releases - Aug 29 2014]
<p style="text-align:left;"&gt; NORTH VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 29, 2014) - ACT Aurora Control Technologies Corp. (the " Company ") (TSX VENTURE:ACU) is pleased to announce that it has closed the second and final tranche of a private ...
1 2 3 4 5 6 7 8 9 10 ...

Press Releases

sort by: Date | Relevance
Orexo has successfully completed its private pl... [Published GlobeNewswire: Advertising News - Aug 29 2014]
Resource Capital Fund VI L.P. Acquire Shares of... [Published Financial Services - Aug 29 2014]
Ambac Announces Closing of Private Placement of... [Published GlobeNewswire: Acquisitions News - Aug 28 2014]
Orexo intends to conduct a private placement of... [Published GlobeNewswire: Advertising News - Aug 28 2014]
The Finnish FSA has approved base prospectus of... [Published GlobeNewswire: Acquisitions News - Aug 28 2014]
1 2 3 4 5 6 7 8 9 10 ...
Contact Us
Sales
Support


Freebase CC-BY Some image thumbnails are sourced from Freebase, licensed under CC-BY

Copyright (C) 2014 Silobreaker Ltd. All rights reserved.
The selection and placement of stories and images on any Silobreaker page are determined automatically by a computer program.
The time or date displayed reflects when an article was added to or updated in Silobreaker.