Connect with us

Business

SC expunges SAT’s adverse comments against Sebi in investor complaint case

Published

on



The Supreme Court has expunged adverse comments made by the Securities Appellate Tribunal (SAT) against market regulator Securities and Exchange Board of India (Sebi) in a recent order pertaining to handling of an investors complaint.


“We have no hesitation in stating that the Sebi as a regulator in the instant case has not performed its duties and has kept the complaint pending for more than six years which speaks volumes by itself. The tribunal fails to fathom as to why the complaint could not have been decided unless Sebi officials had a vested interest in not deciding the matter,” SAT had observed in an order dated November 14, 2019.



The market regulator had challenged the order before the SC on the ground that a computer-generated response by Sebi cannot be regarded as an order. Further, it argued that SAT had exceeded its jurisdiction in making the adverse remarks against Sebi.


After hearing the matter, the apex court agreed to expunge the adverse remarks made by SAT. The court also allowed a period of four months for disposal of the case.


“We are of the opinion that certain observations made in the impugned order were not called for, such as “the computer-generated disposal of a serious complaint speaks volume on the conduct of the respondents” as well as the part of the order relating to “vested interest in not deciding the matter” were not at all called for,” SC said.


“May be there was some remiss on the part of Sebi to act as a regulator, but casting aspersion was not warranted in the facts and circumstances of the case. As such, the adverse observations made in Paragraph No. 20 are hereby diluted,” it further said.





Source

Business

Ruiru developer in Sh120m investment

Published

on


Market News

Ruiru developer in Sh120m investment

Geoffrey Gitau
Eboss Investments CEO Geoffrey Gitau. FILE PHOTO | NMG 

A Kiambu investor has injected Sh120 million for infrastructure development on a 20-acre gated community in Ruiru’s Membley area that will contain 120 housing units.

Eboss Investment company director Geoffrey Gitahi said they have drawn a masterplan for the property to enable buyers launch developments faster.

“This is a controlled development area that has a minimart, a gym, for utility shops as well as an early education centre that we intend to develop and hand over to experienced operators on a 25 year lease,” he said.

“The roads have been done and we shall retain a management role to take care of the gardens, security and provide garbage collection services.”

The new project has also reserved a three-acre riparian section with recreation spaces.

advertisement


Mr Gitahi said customers wishing to have their properties built for them will pay Sh18.5 million for a three bedroomed house, Sh21 million for a four bedroomed unit and Sh24 million for five bedrooms.



Source

Continue Reading

Business

#Business News:- काशी महाकाल एक्सप्रेस शुरू, Paytm और Uber से पैसे कैसे कमाए!

Published

on



#Business #Startup #Funding #Acquisition #Motivational #Occasionsuper

वोडाफोन-आइडिया क्या दिवालिया हो जाएगी, प्रमोटर बिड़ला ने जताई थी आशंका, काशी महाकाल एक्सप्रेस शुरू, Paytm और Uber से पैसे कैसे कमाए!

5 Topic of business :-

1. Third Corporate Train Of Indian Railway Kashi Mahakaal Express
2. Will Vodafone-Idea Go Bankrupt ?
3. Impact Of Corona Virus On Business
4. New Way For Uber Drivers To Earn
5. Paytm Enter Social Commerce Segment

@Vodafone
@Idea
@Paytm
@Uber
@IRCTC

यह चैनल स्टार्टअप्स, बिजनेस, एंटरप्रेन्योरशिप और मोटिवेशन के बारे में है। उद्यमियों और स्टार्टअप्स के पीछे की कहानियों और स्ट्रगल के बारे में जानें! यह जानने के लिए कि वे कैसे सफल हुए और सभी समस्याओं पर काबू पा लिया। सभी सामग्री HINDI में होगी। सीखने, महसूस करने के लिए प्रेरित, प्रेरित और कार्रवाई करें।
स्टार्टअप अपडेट प्राप्त करें और हर दिन स्टार्टअप, व्यवसाय, उद्यमिता और प्रेरणा के बारे में जानें!

Follow karo instagram :-

Facebook Page :-

Facebook :-

Linkdin :-

Twiter :-

WhatsApp, फेसबुक को पीछे छोड़ेगा टिकटॉक!ब्रिटेन और फ्रांस को पीछे छोड़ भारत बना दुनिया की पांचवीं सबसे बड़ी अर्थव्यवस्था :-

Agar apko video pasand aayi ho to like, share and subscribe Krna mat bhulna! Occasionsuper ke sath apko yha kasam se knowledge ki duniya ke sath khoob masti bhi milegi. Ghanta dabana mat bhoolna apko latest update milti rhegi taki koi video miss na ho! Business, startup, Funding and motivational video dekhne ke liye subscribe kare hmare channel karna mat bhoolna.

#occasionsuper
#Businessnews
#Startupnews
#Motivationalvideos

Contact us :- E-mail id :- occasionsuper@gmail.com
Mobile No. :- +91- 9870823328, 6396745940

Thanks
Prateek Pandit
Occasionsuper

source

Continue Reading

Business

PM Narendra Modi: India-US Relationship Getting Stronger By The Day | ABP News

Published

on



PM Narendra Modi: First Lady Melania, your presence here is an honour for us. The work you did for healthy and happy America is yielding its result. The work you did for children and the society is commendable. ”India-US relations are no longer just another partnership. It is a far greater and closer relationship. One is ‘land of the free’ the other believes the world is one family. One feels proud of ‘statue of liberty’ the other feels proud of statue of unity”, he added.

#PMModi #NamasteTrump #ABPNewsLive

To Subscribe our YouTube channel here:

Download ABP App for Apple:
Download ABP App for Android:

About Channel:
ABP News is a news hub which provides you with the comprehensive up-to-date news coverage from all over India and World. Get the latest top stories, current affairs, sports, business, entertainment, politics, astrology, spirituality, and many more here only on ABP News.
ABP News is a popular Hindi News Channel made its debut as STAR News in March 2004 and was rebranded to ABP News from 1st June 2012.

The vision of the channel is ‘Aapko Rakhe Aagey’ -the promise of keeping each individual ahead and informed. ABP News is best defined as a responsible channel with a fair and balanced approach that combines prompt reporting with insightful analysis of news and current affairs.

ABP News maintains the repute of being a people’s channel. Its cutting-edge formats, state-of-the-art newsrooms commands the attention of 48 million Indians weekly.

Watch Live on
ABP Hindi:
ABP English:

Social Media Handles:
Instagram:
Facebook ABP News (English):
Facebook:
Twitter:

source

Continue Reading

Trending

//onemboaran.com/afu.php?zoneid=2954224
We use cookies in order to give you the best possible experience on our website. By continuing to use this site, you agree to our use of cookies.
Accept