The crisis-ridden electric cab service BluSmart has appointed Grant Thornton to conduct a forensic audit of its operations, reports said.
The government will take necessary action in Gensol Engineering matter after examining market regulator Securities and Exchange Board of India (Sebi) order against the company, the Corporate Affairs Ministry said on Monday.
A day after coming under the lens of the Securities and Exchange Board of India (Sebi), Gensol Engineering announced the immediate resignation of its independent director, Arun Menon.
Electric ride-hailing company BluSmart has temporarily stopped offering cab services in all three of its operating cities -- Mumbai, Delhi-NCR, and Bengaluru.
Market regulator Securities and Exchange Board of India (SEBI) has barred Gensol Engineering Limited (GEL) promoters Anmol Singh Jaggi and Puneet Singh Jaggi from holding any directorial position in the company.
They questioned the compliance with the SEBI Takeover Regulations and expressed doubts about the management and independence of the independent directors of REL.
It is also considering a mechanism to ensure that unaffected price is considered with respect to transactions
As per the recent data released by the Association of Mutual Funds of India (AMFI), the mutual fund industry’s AUM reached Rs 49.04 trillion in November, boosted by the benchmark indices hitting all-time highs during the month.
The Securities and Exchange Board of India (SEBI) board has approved a regulatory framework for Index Providers with the objective of fostering transparency and accountability in the governance and administration of financial benchmarks in the securities market.
SEBI board meeting recently approved a proposal to change the nomenclature of 'social auditor' to 'social impact assessor’.
