Monday, January 13, 2014

Sebi Will Track The defaulters

Sebi to Rs 500 crore from defaulters in the last two months of recovery orders issued. Regulatory seizure and raids recently won new rights under this action .
Capital Markets Summit organized by the Indian Business School in Hyderabad , SEBI Chairman UK Sinha said that in the past two months, a large number of bank accounts seized . Deposited in these accounts is over Rs 500 crore . The government issued an ordinance on July 22 this year , SEBI had given new powers to raid and seizure orders . Also defaulters regulator ordered the arrest and detention powers have been given to . SEBI regulators and foreign regulators across the country are given the right to seek information from a previous date . Nearly 15 years, paving the way for settlement of pending cases is different .

SEBI Chairman UK Sinha has assured investors that the National Spot Exchange [ NSEL ] Bearing Group of scams stock exchange MCX - SX will not . That it is completely safe .
Sinha said Sebi regulation of the promoter of MCX and NSEL Ssiaks who are exposed - the SX promoters . But I want to assure our regulation falling under the shadow of the crisis will have on the exchange . The management has changed completely . SEBI from two public interest directors have also been appointed .

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