Sebi has restrained Reena Bansal, wife of a former sub-broker, from accessing the capital markets for her alleged involvement in defrauding investors through illicit dealings in shares of many bluechip firms. Sebi on Monday confirmed its earlier rulings of 2011 wherein it had barred Bansal from dealing in the securities market as well as had asked the depositories ? NSDL and CDSL ? to not allow any debit from her demat accounts or in demat accounts of any beneficial owner on the authority of power of attorney obtained by her.
RBI inks MoU with Korea for info exchange
The Reserve Bank has signed an MoU with financial regulators in South Korea for supervisory cooperation and exchange of information. “The RBI signed a Memorandum of Understanding (MoU) on Supervisory Cooperation and Exchange of Supervisory Information with the Financial Services Commission (FSC) and the Financial Supervisory Services (FSS), Republic of Korea,” RBI said in a release. The MoU was signed by Je-Yoon Shin, chairman, FSC; Soohyun Choi, governor, FSS and Harun R Khan, deputy governor, RBI.
Alka Securities case: SAT asks Sebi to pass orders
The Securities Appellate Tribunal on Monday directed Sebi to pass ‘appropriate’ orders by June 20 in the matter of attachment of bank and demat accounts of Alka Securities and two individuals. The Securities and Exchange Board of India (Sebi) last month had ordered the freezing of bank and demat accounts of Alka Securities, Brijesh Kothari and Priyanka Kothari to recover penalties that were imposed on them for violating capital market norms. Besides, Sebi had ordered for attaching the lockers held by these entities. They moved SAT against the Sebi order. ?…appellants (Alka Securities, Brijesh Kothari and Priyanka Kothari) have made several grievances against the attachment levied…it would be just and proper for the appellants to make representation to Sebi so that appropriate orders are passed thereon,? SAT
said in its order.
Sebi orders freezing of accounts of an individual
Market regulator Sebi has directed banks to freeze the accounts of one Tejas Ghelani to recover penalty worth R23 lakh, which was imposed on him for violating securities norms. In 2009, Sebi had imposed the penalty on Ghelani for violating capital market norms in the matter of K Sera Sera Productions.
Bajaj Allianz launches
all-inclusive health plan
Bajaj Allianz General Insurance today said it has launched Health Care Supreme, an all-inclusive health insurance plan that covers all types of treatments. The non-life insurance company said the plan offers a comprehensive cover, providing coverage for hospitalisation treatment and also includes maternity, OPD and dental treatments. It is a health insurance
plan that also covers all types of
treatments, including ayurveda and homoeopathy, it said.