Sebi bans Bengaluru based company, 8 directors from market for 4 yrs

By Accommodation Times Bureau MUMBAI: Securities and Exchange Board of India (Sebi) has banned Siyaram Development and Construction (SDCL) and its 8 directors from the securities market for illegally raising funds for at least four years. The regulator during probe found that, during the financial year 2011 to 2012-2013, SDCL through Offer of

IBBI, Sebi inks MoU for effective implementation of IBC

By Accommodation Times Bureau MUMBAI: The  Insolvency and Bankruptcy Board of India (IBBI) signed a Memorandum of Understanding (MoU) on Tuesday with the Securities and Exchange Board of India (SEBI) for effective implementation of IBC Code, 2016. The MoU was signed by Anand Baiwar, Executive Director, SEBI, and Ritesh Kavdia, Executive Director, IBBI,

SEBI to auction 18 properties

By Accommodation Times Bureau NEW DELHI Securities and Exchange Board of India (Sebi) has to set to e-auction 18 properties of MPS Greenery Developers by next month to recover investors’ money. The reserve price of 18 properties is over Rs 67 core. The property listed for sale includes commercial space, residential flats, buildings, land

Markets Regulator SEBI imposes Rs 1 Cr penalty on IHI Developers, directors

By Accommodation Times Bureau NEW DELHI On Friday Securities and Exchange Board of India (Sebi) directed  IHI Developers India and its four directors to pay a penalty of Rs 1 crore, for illegally collecting money from the public by floating various plans for sale and purchase of land. The firm and the directors engaged in

Sebi launches online registration system for REITs, InvITs

By Accommodation Times Bureau To make it easier to do business, markets regulator Sebi today said it has introduced an online registration system for REITs and InvITs. The new system would help REITs (Real Estate Investment Trusts) and InvITs (Infrastructure Investment Trusts) to complete registration and other regulatory filings with Sebi much faster and

SEBI notifies disclosure requirement for REITs

Securities and Exchange Board of India (SEBI) notified financial disclosures required in Real Estate Investment Trusts (REITs) offer documents and public listing norms. In a circular issued today, SEBI said that the offer document would comprise of financial details of past three years of all the assets involved and will also