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: An alarming 9.8 crore (72.48%) out of 13.6 crore demat accounts in single holding are missing nomination details, according to a consultation paper released by market regulator Securities and Exchange Board of India (Sebi), on Friday. This comes amid record increases in demat account registrations, posing significant risks to a vast number of …
The merger between Zee Entertainment and Culver Max Entertainment, formerly known as Sony Pictures Networks India will likely take a few more months, news agency Reuters quoted Sony as saying on Friday. Sony has said that the completion of the merger with Zee was previously expected to conclude by the end of September. However, the …
The ministry of corporate affairs (MCA) and the Securities and Exchange Board of India (Sebi) are considering allowing the issuance and ownership of fractional shares, Mint has reported. This is a concept that’s caught on in the US where such shares have garnered popularity among retail investors. Currently, Indian regulations prohibit ownership of less than …
India’s market regulator proposed on Friday that brokers and mutual funds should stop the use of unregistered financial influencers in advertising and marketing campaigns. The Securities and Exchange Board of India (Sebi) said in a consultation paper that influencers not registered with the relevant financial sector regulator might not have the requisite qualifications or expertise …
In order to develop the market for emerging investment instruments, Sebi is looking to bring in norms for follow-on offers by real estate investment trusts (REITs) and infrastructure investment trusts (InvITs). REITs and InvITs were introduced in India to provide investors with an opportunity to gain exposure to real estate and infrastructure projects respectively, with …