Subhash Chandra, chairman emeritus of Zee Entertainment Enterprises, has moved the Securities Appellate Tribunal (SAT), challenging the Securities & Exchange Board of India’s (Sebi) confirmatory order issued last year that banned him from holding directorships in any listed entity. SAT has asked Sebi to file its reply and has posted the matter for further hearing …
The capital markets regulator Sebi has now issued a fresh show cause notice to Arshad Warsi, wife Maria Goretti, brother Iqbal Warsi and manager Aahuti Mistry in the pump and dump scheme carried out by Sadhna Broadcast through You Tube channels, reported Business Standard. In the fresh notice, Securities Exchange Board of India has named …
Mumbai: The Securities and Exchange Board of India (Sebi) will question the top management of Zee Entertainment Enterprises (ZEE) – including founder Subhash Chandra, chief executive and managing director Punit Goenka, the chief financial officer, as well as current and past board members – on the alleged fund diversion at the media firm, said two …
New Delhi: The Securities Appellate Tribunal (SAT) on Thursday quashed the markets regulator Sebi’s order imposing a fine of Rs 7 crore on the National Stock Exchange (NSE) in the dark-fibre case. Additionally, the tribunal has set aside a fine of Rs 5 crore levied by Sebi on the exchange’s former official Anand Subramanian. Further, …
Mumbai: Legal experts expect the merger of Sony Group Corporation’s India media division, Culver Max Entertainment, also known as Sony Pictures Networks India, and Punit Goenka-led Zee Entertainment Enterprises (ZEEL) to proceed despite disagreements over the position of CEO of the merged entity as the contractual drop off date of December 20 nears. Abhijit Joshi, …
The Securities Appellate Tribunal (SAT) on Monday overturned a regulatory ban on Punit Goenka, managing director and chief executive of Zee Entertainment Enterprises, that prevented him from holding a directorship or top managerial role in a listed entity. SAT’s ruling has potentially hastened the Indian media company’s proposed merger with the local arm of Japan’s …
The Securities Appellate Tribunal (SAT) on Thursday questioned market regulator Sebi’s credibility on completing its investigation within a stipulated time in the Zee Entertainment Enterprises’ (ZEEL) matter. SAT was hearing Zee’s plea against Sebi’s order baring Zee Entertainment Enterprises’ Punit Goenka and Subhash Chandra from holding any key managerial positions in the company and other …
The Securities Appellate Tribunal (SAT) on Friday adjourned the hearing of Zee Entertainment Enterprises Limited (ZEEL) MD and CEO Punit Goenka’s plea challenging the Securities and Exchange Board of India’s (Sebi) order to September 14. Goenka is challenging the capital market regulator’s confirmatory order of August 14 barring him and his father, Subhash Chandra, Chairman …