The Security and Exchange Board of India (SEBI) issued interim orders for two employees of Infosys Limited and six other entities in the matter of Insider Trading, which shall be in force until further orders.
A Show Cause Notice dated October 28, 2020, was issued to show cause as to why an inquiry should not be initiated against them and penalty not be imposed upon them under the relevant provisions of SEBI Act for the violations alleged to have been committed by them.
The Supreme Court on Monday deferred to February 5, the hearing of a petition filed by NDTV promoters, Prannoy Roy and Radhika Roy against the order of Securities Appellate Tribunal (SAT) to deposit 50 percent of the disgorged amount before markets regulator SEBI within four weeks.
The penalty was imposed in a case where SEBI received a complaint dated August 26, 2017 from Quantum Securities Pvt Ltd relating to the 3 loan agreements signed between Prannoy Roy, Radhika Roy and RRPR Holding Pvt.
Supreme Court has permitted Franklin Templeton Trustees to call a meeting of its unitholders to seek their consent for the closure of 6 mutual fund schemes during the Covid-19 pandemic while ordering a stay on requests of redemption from investor.
In the Siddique Kappan case, the Supreme Court says it is unhappy with unfair reporting, UP government says Kappan is in custody after proper trial. SEBI requests Supreme Court to cancel parole of Subrata Roy of Sahara if he fails to pay up Rs 62,600 crore.