The board has established a fundraising committee and granted them the authority to manage all aspects of raising funds, such as deciding the terms for issuing and allotting NCDs and CPs, and handling other relevant tasks.
SC dismisses plea against anti-defection law (20-09-2024)
The Supreme Court dismissed a plea challenging the anti-defection law in the Constitution. The law, established in 1985, disqualifies members of Parliament or state legislatures if they defect from their original party. The court referenced a 1992 verdict that upheld the law’s validity, aimed at curbing unethical political defection.
SAT refuses to grant stay on Linde India’s valuation ordered by SEBI (20-09-2024)
SAT denies Linde India’s stay request on valuation exercise; NSE appoints valuer, SEBI argues urgency for investigation
Crimes against women have become completely uncontrolled and unbridled under BJP govt: Rahul Gandhi (20-09-2024)
Rahul Gandhi has raised concerns over the law and order situation in India following a brutal incident in Odisha. An Army Major and his fiancée were allegedly assaulted by police officers at Bharatpur Police Station. Gandhi criticised the BJP government for failing to control crimes against women and demanded strict legal action against the culprits to ensure justice and security.
Sebi considers allowing only electronic payment of dividend, interest (20-09-2024)
Markets regulator Sebi on Friday proposed that listed entities should make all payments, such as dividends, interests and redemptions, through electronic mode only.
The proposal is aimed at streamlining payment processes and enhance security, convenience and efficiency for all investors.
Current Sebi’s LODR (Listing Obligations and Disclosure Requirements) rules allows electronic payments but permits cheques or warrants if electronic transfers fail, especially for amounts over Rs 1,500.
Failures occur when a securityholder’s bank details are incorrect or unavailable, requiring companies to send cheques. According to recent data, 1.29 per cent of electronic dividend payments fail for the top 200 listed companies, Sebi said.
In its consultation paper, the Securities and Exchange Board of India (Sebi) has proposed making all payments, including dividends and interest, in electronic form for both demat and physical securityholders.
Investors would be encouraged to update their correc
Sebi mulls allowing only electronic mode for payment of dividend, interest (20-09-2024)
Markets regulator Sebi on Friday proposed that listed entities should make all payments, such as dividends, interests and redemptions, through electronic mode only.