SEBI has issued ad-interim ex-parte orders under 7 companies which had tapped the capital markets in the current year. In very detailed orders on each of these companies, SEBI has been able to detect the money trail and has ordered that the money be deposited in an escrow account within the next seven days. This [...]
Posts Tagged ‘SEBI’
SEBI notifies new Takeover code effective 22nd October 2011
September 26th, 2011
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SEBI on Friday the 23rd of September has notified the new takeover code and informed that the same would become effective from the 22nd of October 2011. There are three major changes in the takeover code which are different from the earlier takeover code. These changes are as follows: – 1. The point at which the [...]
SEBI announces new Takeover Code
July 29th, 2011
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The much awaited and debated SEBI Takeover Code was finally announced at the SEBI Board meet in Mumbai on Thursday the 28th of July. The Code has three major changes which are as follows: – The trigger point or threshold limit has been changed from 15% to 25%. This means that if the person/entity or [...]
