SEBI has started the process for recruiting 2 executive directors for faster and more effective execution of its regulatory work.
The appointment of executive directors will be either on a contractual or deputation basis for 3 years, the regulator said in a public notice on Friday – 28th June 2020. The Securities and Exchange Board of India (SEBI) has invited applications for the recruitment, the last date for the same is 17th July 2020.
The candidate should have a minimum of 20 years of experience in handling problems associated with the securities market or special knowledge or experience of law, investigation, finance, economics, and accountancy, among others. The candidate’s age should be between 40 and 55 years, as on 30th June 2020. SEBI has 8 executive directors currently. Babita Raydu had taken charge as a SEBI executive director, in January this year. SEBI, a capital market watchdog, is a statutory regulatory body established by an Act of Parliament, to protect the interests of investors in securities, to promote the development of and to regulate the securities market.
SEBI Imposes Fine of Rs. 45 Lakh on Three Individuals for IPO Fund Diversion
Executive
Nov 23, 2020
Parul Singhal
(
Editor: Ekta Joshi
)
4 Shares
SEBI on Friday (20th November 2020) slapped Rs.45 lakh rupees in fine on three individuals for diverting proceeds from the Initial public offer of paramount print packaging Ltd (PPL) and making wrong disclosures. Individual fine of Rs 15 lakh each has also been imposed on Divyesh Ashwin Dharmesh Ashwin and Anuj Vipin as per the said order. According to the order, PPL as a company had mis-utilised Rs 35 crores and diverted Rs 34 crores to nine vendors. The three individuals provided wrong...
Sahara’s Subrata Roy Must Pay Rs. 62,600 Crores or Spend His Time in Jail: SEBI to Supreme Court
Business
Nov 21, 2020
Atharwa Gauraha
(
Editor: Ekta Joshi
)
10 Shares
On Friday (November 20, 2020), the Securities and Exchange Board of India (SEBI) sought the Supreme Court's instructions to revoke the parole and take custody of Sahara Chief Subrata Roy for his alleged failure to return money to his investors. The SEBI demanded Rs. 62,602 crores from Sahara, which it had received previously.Meanwhile, the Sahara group has claimed that SEBI was “acting biased” and is raising a “wrong demand” by asking for Rs 62,602 crores or $8.48 billion.“It is...
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