The Securities Appellate Tribunal (SAT) on Thursday, September 8, said if a company decides to raise money from 50 or more people, it must list the securities on a stock exchange to protect investors’ interests.
DLF is planning to move the Competition Appellate Tribunal by early next week, to appeal against the Competition Commission of India’s (CCI) order imposing Rs.630-crore penalty on the firm.
The SAT on Tuesday, September 6, rejected an application by an investor of Sahara Housing Investment Corp to become a party in the ongoing dispute between the Sahara group companies and the market regulator SEBI.
Why did the Central Government register its debenture-issue prospectus and then take well over a year to suddenly say it didn’t agree, asked counsel for the Sahara group of companies at the Securities Appellate Tribunal (SAT) today.
Regus, the provider of workplace solutions, has announced opening of a new business centre in Hyderabad.
The Government has supported the Securities and Exchange Board of India (SEBI) in the case against two Sahara group firms that raised money from the public by issuing optionally fully convertible debentures (OFCD).
Real estate industry body CREDAI on Saturday, September 3, opposed constitution of a regulatory body for the real estate sector, saying that it would become a “breeding ground for corruption” if implemented.
The much-anticipated revision of India’s archaic land acquisition laws will be considered by the Cabinet next week.
A report by real estate firm Knight Frank says worldwide mainstream house prices marginally avoided falling into negative territory with prices rising on average by 0.1% in the three months to June 2011 and by 1.7% over a 12-month period.
Strongly opposing the Resettlement & Rehabilitation (R&R) burden on private builders, Pankaj Bajaj, President, CREDAI NCR has said that this will hurt the realty sector and urban development.