The proceeds from the IPO will be used towards funding repayment or prepayment of loans taken from banks and financial institutions, estimated at INR 170 crore
These entities have also reportedly been asked to 'cease and desist' from engaging in any fraudulent, manipulative or unfair trade practice, including front-running
Sebi Chairperson Madhabi Puri Buch said that the regulator has decided to set up an independent, government - sponsored backstop fund for corporate debt market
The informant reward committee will give its recommendations to the competent authority on the matters pertaining to eligibility of informants for reward and determination of the amount of reward payable to informants
The provisions of Income-tax Act, 1961, make it mandatory for every person who has been allotted a Permanent Account Number (PAN) to intimate his/her Aadhaar Number to the prescribed authority so that the Aadhaar and PAN can be linked
The report stated that the Social Stock Exchange segment will provide new avenue for social enterprises to finance social initiatives, provide them visibility and bring in increased transparency in fund mobilisation and utilisation by social enterprises
The framework is to strengthen the transparency and accountability in governance and administration of the financial benchmark indices in the Indian securities market
The network, which is sector agnostic, will build the war chest over the coming months to invest across sectors in early-stage pre-Seed to Series A technology companies
As per the report, the aim is set out best practices for determining fair value AIF investments, especially in unlisted startups, real estate, infrastructure and the credit space
The settlement scheme shall commence on December 19, 2022, and end on January 19, 2023, (both days inclusive) or such other date as approved by the competent authority
The move comes after the increasing number of social media influencers on multiple social media platforms that advise and recommend trades without a license
The move comes at a time when the Competition Commission of India (CCI) imposed penalty on the hospitality and travel-tech firm for unfair business practices
According to the proposed framework, the public equity shareholders be given the opportunity to acquire a minimum of 5 per cent and up to 25 per cent in the new entity