Stocks
Stock, forex, money markets closed for Ramzan

Share, forex, money, metal, oil & oilseed markets remain closed on Tuesday for Ramzan

 

The BSE, National Stock Exchange, forex, money, metals and oils and oilseeds markets remain closed on Tuesday for Id-Ul-Fitr (’Ramzan Id’).

 

However, bullion and sugar markets were open as usual.

 

S&P BSE Sensex closed Monday at 25,991 (down 136 points or 0.52%), while NSE's CNX Nifty closed at 7,749 (down 42 points or 0.54%).

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SEBI says restrictions on Khoday India to continue

The market regulator also warned of further actions against Khoday India including levy of monetary penalties, initiation of criminal proceedings and restricting the trading activities of related stocks

 

Market regulator Securities and Exchange Board of India (SEBI) has confirmed the restrictions it had imposed on Khoday India Ltd for not meeting with the minimum public shareholding norms.

 

Last year in June, SEBI had imposed various curbs on over 100 companies, including Khoday India, its promoters and directors for not achieving the minimum 25% public holding within the 3rd June deadline.

 

The regulator had frozen the voting rights and corporate benefits of promoters/ directors of these companies and barred them from holding any new position on boards of listed firms, among others.

 

It had also warned of further actions including levy of monetary penalties, initiation of criminal proceedings and restricting the trading activities of related stocks.

 

“...hereby confirm the directions issued vide the interim order dated 4 June 2013 against the company, Khoday India, its directors, promoters and promoter group,” the market regulator said in an order.

 

Consequently, SEBI said that it “may also initiate other action, as appropriate in law, against the company, its directors and promoters”.

 

The watchdog noted that even after passing of the 4 June 2013 order, “the company has not taken any steps to comply with the minimum public shareholding requirement”.

 

The order said that the shareholding of public investors in the company stood at 10.46% at the quarter ended March 2014.

 

It observed that the company “has not complied with the minimum public shareholding requirements till date... and such non-compliance being continuous in nature, it becomes necessary for SEBI, for proper regulation of the securities market, to confirm the directions issued against the Company, its directors and promoters/promoter group”.

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COMMENTS

vandana naik

1 week ago

I want my money back from pancard as it is getting matured next month, what shall I do?

Arjun balgude

7 months ago

I WANT MY MONEY BACK FROM PANCARD

RTI Judgement Series: PIO asked to provide information of a probe going on for over 11 years

The CIC directed the PIO to provide information of the mammoth probe into a bogus LTC case that was going on for over 11 years. This is the 203rd in a series of important RTI judgements given by former Central Information Commissioner Shailesh Gandhi

 

The Central Information Commission (CIC), while allowing an appeal, directed the Public Information Officer (PIO) of Directorate of Education in Delhi to provide complete information about the probe into bogus leave travel concession (LTC) case that was going on for over 11 years. The PIO was not providing the information asked under the Right to Information (RTI) Act, despite directions from the First Appellate Authority (FAA).

While giving the judgement on 24 December 2009, Shailesh Gandhi, the then Central Information Commissioner, said, "The appellant is seeking information about the status of the LTC case. The papers appear to have been going to various offices without the information required by him being provided. The Bench finds it very intriguing that the bogus LTC case investigation can continue for over 11 years."

Shahdara, Delhi resident, Jai Singh Yadav, on 12 April 2008, sought from the PIO information regarding the status of the LTC case. Here is the information he sought and the reply provided by the PIO...

1. Provisional period for an ex-serviceman employed as a physical education teacher (PET) in Delhi Administrative school and the procedure and documents required to become permanent.


PIO's reply: Did not pertain to vigilance branch

2. Details as to promotion of an ex-serviceman having the rank of sergeant at time of retirement, and who had been teaching physical education for 13 years . Could he get a Senior Scale on the basis of his rank, and if not, why?


PIO's reply:Did not pertain to vigilance branch

3. Details of the Appellant’s LTC case.


PIO's reply: The matter was under investigation by the IO. Further, the report was still awaited from the DDE schools. The time taken to settle the case could only be obtained from the IO. The status of LTC now onwards did not pertain to the vigilance branch.

4. Reasons as to why the Appellant was not given a senior scale when his colleague Man Mohan Badyal was promoted to PGT.


PIO's reply:Did not pertain to vigilance branch

5. Reasons as to why Raghubar Dayal & Gopichand Sharma, whose names appeared on the list of defaulters, had retired and why Raghraj’s name did not appear in the defaulters list.


PIO's reply:Did not pertain to vigilance branch

Yadav, the appellant, citing unsatisfactory information provided by the PIO, filed his first appeal. In his order the FAA observed that the reply to queries 1 and 2 had been appropriately provided. Regarding the other, the FAA directed the PIO to furnish the reply to the applicant directly.

However, the PIO did not supply information regarding Yadav's query no3, 4 and 5. Yadav, then approached the CIC with his second appeal.

During the hearing, Mr Gandhi, the then CIC, observed that the appellant was seeking seeking information about the status of the LTC case. "The papers appear to have been going to various offices without the information required by him being provided," he noted.

The PIO stated that the bogus LTC case investigation was not yet over, while Yadav, the appellant, claimed that the investigation had been going on since May 1998. Both the PIO and the appellant stated that the bogus LTC case investigation has been going on under the chairmanship of the DDE schools.

Mr Gandhi said, "The Bench finds it very intriguing that the bogus LTC case investigation can continue for over 11 years."

He then directed the Director of Education to ensure that the information about this mammoth investigation is provided to the appellant and the CIC by the appropriate officer. "This investigation will indicate the number of sittings of this committee and the progress of this inquiry. This will be sent to the appellant and the CIC before 20 January 2010," the Bench said in its order.

                                                 CENTRAL INFORMATION COMMISSION

Decision No. CIC/SG/A/2009/002834/6077


http://www.rti.india.gov.in/cic_decisions/SG-24122009-10.pdf


Appeal No. CIC/SG/A/2009/002834

Appellant                              : Jai Singh Yadav
                                                    Delhi - 110032

Respondent                           : RN Sharma
                          Public Information Officer & Dy. Director
                          Directorate of Education
                          O/o the Dy. Director of Education,
                          District North East, RTI Cell,
                          Yamuna Vihar, Delhi
 

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COMMENTS

Praveen Sakhuja

3 years ago

why this old case has been published any spacial motive.

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