Former Sebi chief Madhabi Puri Buch NEW DELHI: The Bombay high court on Tuesday stayed a special court’s order directing FIR against ex-Sebi chairperson Madhabi Puri Buch and five other officials for alleged stock market fraud and regulatory violations. The stay to remain in place for four weeks.A single bench of Justice Shivkumar Dige said…
<p>Madhabi Puri Buch (File photo)<br></p> NEW DELHI: The Bombay high court on Monday granted relief to former Sebi chairperson Madhabi Puri Buch, directing the state Anti-Corruption Bureau (ACB) not to act on a special court’s order to file an FIR against her and five other officials until March 4. The directive comes after Buch, along…
Former Sebi chairperson Madhabi Puri Buch (Pic credit: PTI) MUMBAI: A special court here has directed the Anti-Corruption Bureau (ACB) to register an FIR against former Sebi chairperson Madhabi Puri Buch and five other officials in connection with alleged stock market fraud and regulatory violations. “There is prima facie evidence of regulatory lapses and collusion,…
MUMBAI/NEW DELHI: Government on Thursday named finance secretary Tuhin Kanta Pandey as the new Sebi chairman, opting for a civil servant to once again lead the market regulator after current chairperson Madhabi Puri Buch, a former ICICI Bank executive, faced controversies, including allegations of conflict of interest. Buch’s term ends on Friday. Pandey, who turns…
NEW DELHI: The finance ministry on Monday launched the search for a Sebi chairman, with Madhabi Puri Buch‘s term completing at Feb-end. The vacancy notice said that those with 25-years’ experience in law, finance, economics, accountancy and administration and are above 50 years are eligible to apply. “The chairman should be a person who does…
MUMBAI: Hindenburg Research, the US-based short-seller whose reports had shaved off about $140 billion from Adani Group‘s market valuation in early 2023, pushed the Indian govt and markets regulator Sebi on the backfoot, and left Indian investors divided whether to support it or oppose, is winding down. Calling Adani’s businesses “the largest con in corporate…
NEW DELHI: Congress President Mallikarjun Kharge took direct aim at Prime Minister Narendra Modi on Tuesday, accusing him of shielding Securities and Exchange Board of India (Sebi) chairperson Madhabi Puri Buch amid a growing wave of allegations.Kharge’s accused PM Modi of failing to address purported malpractices within Sebi under Buch’s leadership.“@narendramodi ji, You cannot shield…
NEW DELHI: Two days after Sebi chief Madhabi Puri Buch failed to turn up at the meeting of PAC, Congress on Saturday said the parliamentary panel had summoned her in the wake of allegations of “conflict of interest” involving her and her family. It accused govt of protecting Buch to avoid the heat on protagonists…
MUMBAI: Markets regulator Sebi is expected to take steps to rein in the retail frenzy in F&O trading in a board meeting on Sept 30. These decisions could include tightening of rules for the speculative futures & options segment of the market and stricter margining system, sources said.The Sebi board is also expected to give…
NEW DELHI: Anti-corruption ombudsman Lokpal has denied to take any action on two complaints filed against Sebi chief Madhabi Puri-Buch regarding impropriety and conflict of interest on the basis of Hindenburg report. One complaint was filed by a sitting Lok Sabha member, regarding which, the Lokpal said that it “falls short” in persuading them to…
