The Securities and Exchange Board of India (SEBI) on Monday allowed mutual funds (MFs) to invest in overseas mutual funds or unit trusts that invest a specific portion of their assets in Indian securities.
Notably, the Congress has been demanding resignation of Buch following the Hindenburg Research report against her in August. The US-based shortseller alleged that Buch and her husband Dhaval Buch had stakes in obscure offshore entities used in the Adani money siphoning scandal.
The Parliament's Public Accounts Committee (PAC) on Thursday postponed its meeting after it witnessed a ruckus as SEBI chairperson Madhabi Puri Buch failed to appear before the panel.
Private equity (PE) firm True North-led company (erstwhile Max Bupa), had filed its IPO papers with SEBI on June 29.
F&O trades and mutual funds are reportedly the focal point of the Securities and Exchange Board of India (SEBI) board meeting being held on Monday.
He will take appropriate next steps based on legal advice, according to his spokesperson on Sunday.
The markets regulator barred Anil Ambani and 24 other entities from the capital markets for the diversion of funds from Reliance Home Finance Ltd. RHFL was barred for six months only.
The move comes as a result of their involvement in the misdirection of company funds.
Congress Madhya Pradesh in-charge general secretary Bhanwar Jitendra Singh, MP Congress Chief Jitu Patwari, MP Assembly leader of opposition Umang Singhar and other leaders led the protest from the MP Nagar area and marched towards the office of the Enforcement Directorate (ED).
Last week, the US-based short seller alleged that "Buch and her husband Dhaval Buch had stakes in obscure offshore entities used in the Adani money siphoning scandal." The couple has dismissed the Hindenburg report.
