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Govt turns the heat on directors in fight against shell companies

The Corporate Affairs Ministry (MCA) has now put the onus on executives of non-compliant companies— which have neglected to document e-form ACTIVE — to set the consistency record straight and if they fail they run the risk of not being eligible to be associated with compliant companies. E-form ACTIVE represents …

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SAT directs NSE to transfer Rs 687 Crore within 2 weeks to SEBI

The Securities and Appellate Tribunal (SAT) on Wednesday put a stay on disgorgement orders issued by SEBI against NSE in the co-location case.  Tribunal directed NSE National Stock Exchange of India to transfer Rs. 687.5 crore within 2 weeks. This will be kept as an interest-bearing account until the result …

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