SEBI yet to publish list of 'benami' ponzy scheme companies
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Corporate Affairs Minister Arun Jaitley has informed Parliament that the Securities and Exchange Board of India (SEBI) has not published any list of more than 100 benami, bogus ponzy scheme companies.
He said in a written reply to the Lok Sabha that chit funds are regulated under the Chit Funds Act, 1982 and require previous sanction of the state governments. He also said that the Prize Chit and Money Circulation (Banning) Act, 1978 bans prize chits and money circulation activities is enforced by state governments.
Collective Investment Schemes (CIS) as defined under section 11AA of the SEBI Act, 1992 are regulated by SEBI and it has passed 73 interim and 23 final orders in CIS cases during the last three years.
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New Zealand's food safety regulator on Wednesday said it is investigating possible contamination in spice products of top Indian brands MDH and Everest after they faced scrutiny in other countries.
The United States and Australia have been looking into contamination after Hong Kong last month suspended sales of three spice blends of MDH and one of Everest, saying they contained high levels of a cancer-causing pesticide, ethylene oxide.
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The Canadian government has fined IT giant Infosys approximately Rs 82 lakh for allegedly failing to fulfil the complete employee health tax obligation for the financial year ending December 31, 2020.
This fine translates to over 134,000 Canadian dollars, according to a recent regulatory filing. "Penalty imposed on alleged underpayment of Employee Health Tax for the year ended December 31, 2020," stated the filing.
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Life Insurance Corporation of India (LIC) has got a three-year-extension from the Securities and Exchange Board of India (Sebi) to achieve 10 per cent public shareholding, the state-owned firm told the exchanges on Wednesday.
LIC has to get its public shareholding to 10 per cent on or before May 16, 2027.
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India’s largest cinema operator is in discussions to screen key matches during the International Cricket Council Men’s T20 World Cup, in a bid to lure patrons as movies continue to struggle at the box office.
“Our biggest focus is to stay relevant as a medium,” PVR Inox Ltd.’s Chief Financial Officer Nitin Sood said in an interview. The operator would show key games from the tournament, which starts next month, he said.
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Aadhar Housing Finance made a flattish stock market debut on Wednesday with its shares of housing finance company (HFC) getting listed at Rs 315 per share, a 0.22 per cent discount over its issue price of Rs 315 per share.
However, after listing the stock of the company moved up to 4.7 per cent at Rs 329 a piece in intraday deals on the BSE.
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