During the review period, IL&FS Group had availed rating services from Crisil Ltd, CARE Ratings, ICRA, India Ratings (a Fitch group company) and Brickwork.
21 Jul 2019 11:56 AM

Grant Thornton was asked to review ratings provided by various credit rating agencies (CRAs) to IL&FS group companies.

The board meet comes against the backdrop of an onging spat between promoters Rakesh Gangwal and Rahul Bhatia over alleged corporate governance lapses. (Representational Image)
19 Jul 2019 6:27 PM

The board discussed about appointing a woman director, said CEO Ronojoy Dutta.

Providing new formats for audit report and limited review report in the circular, Sebi said that in view of revision in auditing standards (SA 700) by the Institute of Chartered Accountants of India (ICAI), "audit report formats need to be aligned with SA 700 (revised)".
19 Jul 2019 5:48 PM

This circular shall be applicable with respect to financial results for quarter ending September 30, 2019 and after, Sebi said.

An auditor would also have to provide appropriate disclaimer in case his or her resignation is due to non-receipt of information from the company.
19 Jul 2019 1:10 AM

The regulator also proposed to further strengthen and clarify the role of audit committees of listed firms

CARE said Mokashi would be on leave until the company had examined an anonymous complaint against him sent to SEBI. (Photo: File)
18 Jul 2019 1:09 PM

The agency appointed T N Arun Kumar, currently executive director of ratings, as interim CEO.

In view of the revised timelines under the amended regulations, the circular shall come into force with effect from the quarter ended September 30, 2019, Sebi said.
16 Jul 2019 7:15 PM

In a circular, Sebi prescribed new format for disclosures to be made on quarterly basis, annual basis for whole financial year.

With promoter spat intensifying at IndiGo, markets watchdog Sebi and the corporate affairs ministry have started digging deep into allegations of governance lapses and violations. (Representational Image)
15 Jul 2019 1:36 PM

The scrip declined 4.17 per cent to Rs 1,300 on the BSE.

Gangwal has sought markets watchdog Sebi's intervention to address the corporate governance issues at InterGlobe Aviation -- the parent of the country's largest carrier IndiGo -- where he holds around 37 per cent stake while Bhatia group has about 38 per cent shareholding. (Representational Image)
14 Jul 2019 7:27 PM

IGE Group has now issued three statements in less than a week seeking to clarify issues and reject allegations made by Gangwal.

Bringing into public the differences between long-time friends and promoters of IndiGo into the open, Rakesh Gangwal has sought Sebi's intervention into alleged corporate governance lapses at the company. (Representational Image)
14 Jul 2019 2:31 PM

InterGlobe Aviation has come under intense regulatory scanner and there are indications of multiple violations of Sebi norms.

InterGlobe Aviation's co-promoters Rakesh Gangwal and Rahul Bhatia are locked in a bitter battle with the former seeking intervention of markets regulator Sebi to address the problems.
11 Jul 2019 6:06 PM

On the BSE, the scrip declined 3.07 per cent to close the counter at Rs 1,354.85.