June 2, 2023: The Securities and Exchange Board of India (Sebi) on June 1, 2023, announced the auction of 17 properties belonging to seven business groups on June 28 to recover investors’ money. … READ FULL STORY
Under a Supreme Court order, bondholders of two Sahara companies were asked to return money along with interest to nearly three crore investors in August 2012. In the absence of claims from bondholders, the … READ FULL STORY
The auction of these properties is in connection with recovery of allegedly illegally raised funds. In a notice issued on Friday, October 28, the SEBI said that keeping in view the interest of the … READ FULL STORY
Taxpayers often turn to tax evasion strategies in order to reduce the amount of money they must pay to the government in taxes. In order to stop this behaviour, the government must have provisions … READ FULL STORY
RIA full form is Registered Investment Advisor. It is an individual or organisation that counsels private clients on their financial investments. RIAs owe loyalty and trust to their customers, known as a fiduciary obligation, … READ FULL STORY
Nearly three months after his company received an approval by the insolvency tribunal to complete the takeover, billionaire Ajay Piramal has completed the takeover process of embattled Dewan Housing Finance Corporation (DHFL), Piramal Group … READ FULL STORY
The Enforcement Directorate (ED), on February 3, 2020, said that it has attached three entities – Multiple Resorts Pvt Ltd, Kolkata’s St Xavier’s College and Knight Riders Sports Pvt Ltd – in connection with … READ FULL STORY
Senior advocate Rajiv Nayar, appearing for Indiabulls Housing Finance Ltd (IBHFL), on November 29, 2019, informed the Delhi High Court that the company was not being lent money by any bank, on the grounds … READ FULL STORY
On November 6, 2019, the union cabinet approved the setting up of an Alternative Investment Fund Category-II (AIF), to provide priority debt financing of up to Rs 25,000 crores, for completing stalled housing projects … READ FULL STORY
The ailing Calcutta Stock Exchange (CSE) has decided to develop a five-acre plot it owns in New Town in the city’s fringes and sought expression of interest (EoI) from developers. The bourse has floated … READ FULL STORY
Although real estate investment trusts (REITs) and infrastructure investment trusts (InvITs) are popular in the European and American markets, they have not had an enthusiastic launch in India. Since the introduction of the REIT … READ FULL STORY
The official liquidator of the Bombay High Court, on February 7, 2018, told the Supreme Court that Mahindra Lifespaces and the Piramal Group have shown interest in purchasing the Sahara Group’s Aamby Valley properties, … READ FULL STORY
The official receiver of the Bombay High Court, on January 5, 2018, moved the Supreme Court seeking its directions, contending that it was finding it difficult to maintain the Sahara Group’s Aamby Valley properties, … READ FULL STORY
