Published Jun 12 2012 by

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 


"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 5 hours ago - Updated 2 hours ago - 2 reports

SEBI: Norms for realty investment trust to be notified soon

With an aim to attract greater foreignand domestic investments into real estate, Sebi Friday (Sept. 19) said it willsoon notify norms for creation and listing of business trusts for this keysector.Two separate committees have been set-up for the spec ... [Published - 2 hours ago]
First reported 4 hours ago - Updated 4 hours ago - 1 reports

SEBI panel working on norms for IPOs, listing of REIT units

The SEBI appointed two committees to recommend norms for IPOs and listing of REIT (real estate investment trust) units are expected to submit their reports shortly, a top SEBI official has said.The guidelines will spell out the route that need to be adopted ... [Published Hindu Business Line - 4 hours ago]
First reported 16 hours ago - Updated 16 hours ago - 1 reports

Reining in Goat Funds to Curtail Fraud in India

India’s stock market regulator is cracking down on collective-investment funds—which take money from small investors and put it in anything from time-share resorts to mango orchards to goat farms. By forcing the funds to register, the Securities & Exchange ... [Published BusinessWeek - 16 hours ago]
First reported Sep 17 2014 - Updated Sep 18 2014 - 2 reports

Sebi slaps fines worth Rs 19.50 lakh on 7 firms

Market regulator Sebi has imposed a fine of Rs 19.50 lakh on seven firms for failing to register with its online complaint redressal system within time limit and not resolving complaints.In separate orders, Sebi has slapped penalties on Bowreah Cotton ... [Published Business Standard India - Sep 18 2014]
First reported Sep 17 2014 - Updated Sep 18 2014 - 2 reports

SEBI Chairman calls on CII to develop a roadmap for Integrated Reporting in India

Speaking on Integrated Reporting at the 9th Sustainable and Inclusive Solutions Summit organized by the CII-ITC Centre of Excellence for Sustainable Development, Mr U K Sinha, Chairman, Securities and Exchange Board of India, invited CII to develop a ... [Published Noodls - Sep 18 2014]
First reported Sep 17 2014 - Updated Sep 17 2014 - 5 reports

Ecometals $500,000 debenture private placement

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Sept. 5, 2014.Convertible debenture:  $500,000Conversion price:  Convertible into common shares at five cents of principal outst ... [Published Stockwatch - Sep 17 2014]
First reported Sep 17 2014 - Updated Sep 17 2014 - 2 reports

Sebi pulls up mutual funds over high commissions

The high incentives paid by mutual funds (MFs) to push sales of close-ended schemes haven’t gone down well with the Securities and Exchange Board of India (Sebi). The regulator has told fund houses to avoid paying irrational commissions to distributo ... [Published Business Standard India - Sep 17 2014]


sort by: Date | Relevance
Calyx Announces Non-Brokered Private Placement [Published Marketwire - Breaking News Releases - 1 hour ago]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sept. 19, 2014) - ...
How Good Decision Making can Save Your Ass [Published Zero Hedge - 7 hours ago]
By: Chris Tell at A little while ago I shared  6 ways to improve decision making . In response I received a number of comments, the most insightful of which I'd like to share with you today. My main point in the previous ...
Avnel Gold Closes Private Placement as New Offi... [Published Marketwire - Breaking News Releases - 17 hours ago]
ST. PETER PORT, GUERNSEY--(Marketwired - Sept. 18, 2014) - ...
Environmental Waste International Completes Pri... [Published Marketwire - Breaking News Releases - 18 hours ago]
<p style="text-align:left;"&gt; AJAX, ONTARIO--(Marketwired - Sept. 18, 2014) - Environmental Waste International Inc. ("EWS") (TSX VENTURE:EWS) (the "Company") wishes to clarify and correct a press release it issued on September 17, 2014 announcing ...
Mammoth Submits Application for Drill Permit at... [Published Marketwire - Breaking News Releases - 18 hours ago]
TORONTO, ONTARIO--(Marketwired - Sept. 18, 2014) - Mammoth Resources Corp. (TSX VENTURE:MTH) is pleased to announce that it has submitted its permit application to drill its Tenoriba precious metal property located in southwestern Chihuahua state, ...
1 2 3 4 5 6 7 8 9 10 ...

Press Releases

sort by: Date | Relevance
Alpha Announces Private Placement of Flow-Throu... [Published GlobeNewswire: Acquisitions News - 43 mins ago]
Ener-Core Announces Entry Into Definitive Agree... [Published Financial Services - 1 hour ago]
Meridian Bank Completes Private Placement of Su... [Published GlobeNewswire: Options News - Sep 18 2014]
DHT Holdings, Inc. announces closing of private... [Published GlobeNewswire: Acquisitions News - Sep 16 2014]
Technical Updates, Private Placement, Upcoming ... [Published Financial Services - Sep 16 2014]
1 2 3 4 5 6 7 8 9 10 ...
Contact Us

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.