SEBI fines IIFL Securities for violation of norms related to the client funds

Brokerage businesses handle significant client money and hence are supposed to be managed with extreme discipline. Regulations are well laid out in that regard. However, time and again we come across cases that raise doubt on this underlying presumption. Today, SEBI passed an adjudication order against IIFL Securities Limited (IIFL) for some serious violations – … Read more

Govt mulls winding up companies with Chinese links

The government is considering winding up companies with Chinese links under the scanner of the ministry of corporate affairs (MCA). While the probe into the companies which have related-party transactions or liabilities like loans availed from banks or other financial institutions will continue, the view has been to wind up the rest for good, sources … Read more