Gallery
- PM Modi visit USAOnly the mirror in my washroom and phone gallery see the crazy me : Sara KhanKarnataka rain fury: Photos of flooded streets, uprooted treesCannes 2022: Deepika Padukone stuns at the French Riviera in Sabyasachi outfitRanbir Kapoor And Alia Bhatt's Wedding Pics - Sealed With A KissOscars 2022: Every Academy Award WinnerShane Warne (1969-2022): Australian cricket legend's life in picturesPhotos: What Russia's invasion of Ukraine looks like on the groundLata Mangeshkar (1929-2022): A pictorial tribute to the 'Nightingale of India'PM Modi unveils 216-feet tall Statue of Equality in Hyderabad (PHOTOS)
Gaurav Bidhuri, 2017 World Boxing Championship bronze medallist, joined hands with the Del
- U23 World Wrestling Championship: Chirag Chikkara wins gold as India end campaign with nine medals
- FIFA president Infantino confirms at least 9 African teams for the 2026 World Cup
- Hockey, cricket, wrestling, badminton, squash axed from 2026 CWG in Glasgow
- FIFA : Over 100 female footballers urge FIFA to reconsider partnership with Saudi oil giant
- Ecuador ready to make history against Uruguay: Beccacece
SEBI slaps Rs 1 crore fine on Rana Kapoor for violating disclosure norms Last Updated : 26 Sep 2020 01:37:40 AM IST Yes Bank CEO Rana Kapoor The Securities and Exchange Board of India on Friday imposed a fine of Rs 1 crore on former Yes Bank MD and CEO Rana Kapoor for violation of disclosure regulations regarding a transaction of Morgan Credits Pvt Ltd, an unlisted promoter entity of Yes Bank.
In view of the transaction by Morgan Credits Pvt Ltd of raising Rs 950 crore from Reliance Mutual Fund through unlisted Zero Coupon Non-Convertible Debentures on April 19, 2018, the SEBI undertook examination in the matter about the possible requirements of disclosure under its regulations, the order said.The SEBI sought information from the BSE and thee NSE with respect to the aforesaid transaction and they informed that they had not received any disclosures under the LODR Regulations and the SAST Regulations from Yes Bank or its promoters regarding the aforesaid transaction by its promoter entity.The SEBI also sought comments from the company, and was informed that "its promoter Morgan had raised Rs 950 crore from RMF, which was not in the nature of encumbrance of shares by promoters and thus, there has been no requirement of disclosures under the LODR Regulations and SAST Regulations"."This is a case where by not disclosing the substantial material interest in the transaction to the Board of Directors of the Company, the noticee has created an opaque layer between him and stakeholders," said the order.The SEBI imposed a consolidated monetary penalty of total Rs 1 crore on the noticee, Rana Kapoor, for the violations of Regulations 4(2)(f)(i)(1) and 4(2)(f)(i)(2) of the LODR Regulations, under section 15HB of the SEBI Act.IANS Mumbai For Latest Updates Please-
Join us on
Follow us on
172.31.16.186