‘Enforcement 40’ for 2020
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By Securities Docket on April 21, 2014, 10:50 am
While insider trading is tough to detect and prove in any country, in India it seems to be particularly rampant because regulators just don’t have the tools to keep it in check, said J.N. Gupta, a former director of the Securities and Exchange Board of India. “All the participants, including regulatory bodies, are aware that […]
By Securities Docket on December 26, 2013, 11:06 am
However, the most important change of the year was the passage of The Companies Act, 2013, which will bring in significant changes in the way companies function and is likely to better protect the interest of shareholders. Among other things, the new law provides details for the buyout of the minority shareholders and simplifies the […]
By Securities Docket on August 16, 2013, 8:35 am
In the wake of global scandals involving kickbacks and accounting fraud, one unlikely country, India, is aiming to set a tone in overhauling its corporate oversight laws. This month, the nation’s upper house of Parliament passed the Companies Bill, 2012, sweeping legislation meant to overhaul auditing, impose stiffer penalties for fraud and create more government […]
By Securities Docket on February 25, 2013, 3:40 pm
While U.S. shareholders secure a $125 million settlement, Indian shareholders in Satyam have had no such luck and their prospects for any future recovery are bleak.
By Securities Docket on January 4, 2013, 8:02 am
Indian business leaders who got swept up in the accounting scandal known as “India’s Enron” escaped a U.S. shareholder class action this week, thanks to their lawyers at Weil Gotshal & Manges, Cooley, and Debevoise & Plimpton. In a 71-page ruling issued on Wednesday, U.S. District Judge Barbara Jones in Manhattan dismissed securities fraud claims […]
By Securities Docket on July 2, 2012, 6:40 pm
Could someone with the background and stature of Rajat Gupta be prosecuted fairly and found guilty in India?
By Securities Docket on June 21, 2012, 8:07 pm
India’s SEBI seeks new tools, powers to regulate insider trading.
By Securities Docket on June 18, 2012, 8:03 pm
Insider trading reportedly rampant on Dalal Street.
By Securities Docket on June 18, 2012, 1:37 pm
In India, “friendships” and “business” often come together.