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Founded in 1908, the 117-year-old institution once rivalled the Bombay Stock Exchange in trading volumes and stood as a symbol of Kolkata's financial heritage. The Calcutta Stock Exchange (CSE), one of India's oldest bourses, may this year celebrate its last Kali Puja and Diwali on October 20 as a functioning exchange, with the process of voluntary exit as a bourse nearing completion after a decade-long legal battle. Trading at CSE was suspended by SEBI in April 2013 following regulatory non-c ...Read More >
Mumbai, Oct 19 (SocialNews.XYZ) The Calcutta Stock Exchange (CSE), one of India's oldest stock exchanges, may be celebrating its final Kali Puja and Diwali this year on October 20 as a functioning bourse. After a long legal and regulatory battle, the exchange is close to completing its voluntary exit from the stock exchange business. CSE, founded in 1908, once competed with the Bombay Stock Exchange and was a major part of Kolkata's financial landscape. But the exchange faced a serious setbac ...Read More >
SEBI also referred to a January order in which Parekh and two others were debarred for alleged front-running, with the regulator claiming that he relayed non-public, time-sensitive information from Singapore-based Rohit Salgaocar to frontrunners, enabling illicit profits The Securities and Exchange Board of India (SEBI) has objected to former stockbroker Ketan Parekh's request to travel overseas for four months, warning that he has previously used such permissions as a cover for fraudulent mark ...Read More >
Mumbai: A special court on Tuesday rejected former stockbroker Ketan Parekh's plea to travel abroad, his sixth such request. The Securities and Exchange Board of India (SEBI) opposed his plea, alleging it was driven by a "calculated intent" to minimise his and his entities' digital footprints and a "sinister motive" to avoid court proceedings. SEBI said the case was at the stage of recording of evidence.Anubha Rastogi, special public prosecutor for SEBI, who tendered its reply, was present in co ...Read More >
Mumbai, Sep 30 (PTI) A special SEBI court in Mumbai on Tuesday rejected a plea by former stockbroker Ketan Parekh, a key accused in a securities scam dating back more than two decades ago, seeking permission to travel abroad. Parekh is facing criminal charges for his alleged role in the 2000-2001 scam that resulted in him being debarred from the stock market for 14 years. A detailed court order was not immediately available. Market regulator Securities and Exchange Board of India (SEBI), the ...Read More >
Mumbai: Alleging it was driven by a "calculated intent" to minimise his and his entities' digital footprints, and a "sinister motive" to avoid court proceedings, the Securities and Exchange Board of India (Sebi) opposed former stockbroker Ketan Parekh's plea to travel abroad, his sixth such request. The trial court, before which Sebi submitted its reply to Parekh's application, is likely to decide the matter on Tuesday.The Sebi case against Parekh is for alleged offences related to securities ma ...Read More >
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