25-1035: Cords Cable Industries Limited ( BSE : 532941, NSE : CORDSCABLE, ISIN : INE792I01017) is the largest instrumentation cable maker in India . With its headquarters in New Delhi , it manufactures instrumentation cables, control cables, thermocouple cables, power cables and special cables for signaling and electrical connectivity requirements, mainly for industrial use. The company manufactures cables up to 1.1 kilovolt for applications including industrial, utility and buildings. It caters to industries such as electric power , steel , cement , fertilizers and chemicals , and refinery / petroleum . The Company’s products include low-tension control cables (up to 1.1 kilovolt), low-tension power cables (up to 1.1 kilovolt), instrumentation cables, signal and data cables, thermocouple extension/compensating cables, panel wires/house hold wires/flexible cables, and specialty cables. Naveen Sawhney
50-417: A Banyan tree in front of Bombay (now Mumbai) Town Hall, where Horniman Circle is now situated. A decade later, the brokers moved their location to under the banyan trees at the junction of Meadows Street and what was then called Esplanade Road, now Mahatma Gandhi Road. With a rapid increase in the number of brokers, they had to shift places repeatedly. At last, in 1874, the brokers found a permanent location,
75-507: A Billion List'. In 2012, Cords Cable Industries Limited was ranked 513th by International Business Times in its list, published on 16 January 2012, of world's 1000 fasted-growing companies. Bombay Stock Exchange BSE Limited , also known as the Bombay Stock Exchange ( BSE ), is an Indian stock exchange which is located on Dalal Street . Established with the efforts of cotton merchant Premchand Roychand in 1875, it
100-492: A lack of a comprehensive legal framework with stringent penalties, slow response times, and a lack of coordination with other regulatory bodies. In August 2024, Hindenburg Research , a short-selling activist firm, accused SEBI Chief Madhabi Puri Buch and her husband of having a stake in offshore entities which invested money into India. They alleged that these same funds, managed by IIFL Wealth , were used by Vinod Adani to artificially inflate shares of companies owned by
125-489: A restructuring exercise. SEBI is managed by its board of members, which consist of the following people: After the amendment of 1999, collective investment schemes were brought under SEBI except nidhis , chit funds and cooperatives. Madhabi Puri Buch took charge of chairman on 1 March 2022, replacing Ajay Tyagi, whose term ended on 28 February 2022. Madhabi Puri Buch is the first woman chairperson of SEBI. The board comprises: List of Chairmen: The Preamble of
150-579: Is an appeal process to create accountability. There is a Securities Appellate Tribunal which is a three-member tribunal and is currently headed by Justice Tarun Agarwala , former Chief Justice of the Meghalaya High Court . A second appeal lies directly to the Supreme Court . SEBI has taken a very proactive role in streamlining disclosure requirements to international standards. For the discharge of its functions efficiently, SEBI has been vested with
175-725: Is an ongoing concern in the Indian stock market, particularly with small-cap and mid-cap stocks, which are more susceptible due to lower trading volumes, less liquidity, and limited market analyst coverage. Pump and dump schemes are a prevalent form of manipulation, where false or misleading statements are used to inflate a stock’s price before the manipulators sell off their shares at a profit, leading to significant losses for unsuspecting investors. The Securities and Exchange Board of India (SEBI) has been criticized for not being able to prevent such manipulations effectively. Reasons include limited resources, reliance on stock exchanges for market data,
200-478: Is done in 2 days after trade date . SEBI has also been active in setting up the regulations as required under law. It did away with physical certificates that were prone to postal delays, theft and forgery, apart from making the settlement process slow and cumbersome, by passing the Depositories Act, 1996. SEBI has also been instrumental in taking quick and effective steps in light of the global meltdown and
225-627: Is the Managing Director , and Chairman of the Board of the company. In January 2008, the Company came out with an IPO and on 13 February 2008 got listed on Bombay Stock Exchange and National Stock Exchange of India . In 2008, Cords Cable Industries Limited became the only Cable manufacturer in the Asia-Pacific Region to be listed by Forbes magazine in its 'Asia's 200 Best Companies Under
250-532: Is the regulatory body for securities and commodity market in India under the administrative domain of Ministry of Finance within the Government of India . It was established on 12 April 1988 as an executive body and was given statutory powers on 30 January 1992 through the SEBI Act, 1992 . The Securities and Exchange Board of India (SEBI) was first established in 1988 as a non-statutory body for regulating
275-580: Is the first international exchange of India. BSE became the first stock exchange in the country to launch commodity derivatives contract in gold and silver in October 2018. BSE was demutualized and corporatized on 19 May 2007, pursuant to the BSE (Corporatization and Demutualization) Scheme, 2005 notified by SEBI . It was listed on NSE on 3 February 2017. The Indian stock exchanges BSE and NSE have witnessed several high-profile corruption scandals. At times,
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#1733092566337300-481: Is the oldest stock exchange in Asia , and also the tenth oldest in the world. The BSE is the world's 6th largest stock exchange with a market capitalization exceeding US$ 5 trillion on May 21, 2024. Bombay Stock Exchange was founded by Premchand Roychand in 1875. While BSE Limited is now synonymous with Dalal Street, it was not always so. In the 1850s, four Gujarati and one Parsi stockbroker gathered together under
325-849: The Adani Group . This put Buch into the spotlight, since SEBI had previously faced difficulties in finding out the beneficial owners of similar off-shore funds that had invested in Adani companies. Adani Group calls the claims "malicious, mischievous". India's Leader of the Opposition in the Lok Sabha , Rahul Gandhi , asked Buch to resign. Commentators say that while Hindenburg Research did not have compelling evidence of malfeasance, Puri Buch didn't do enough to avoid entirely foreseeable conflict of interest allegations. SEBI in its circular dated 30 May 2012 gave exit – guidelines for Securities exchanges. This
350-566: The Prime Minister about malaise in SEBI. He said, "The regulatory institution is under duress and under severe attack from powerful corporate interests operating concertedly to undermine SEBI". He specifically said that Finance Minister's office, and especially his advisor Omita Paul, were trying to influence many cases before SEBI, including those relating to Sahara Group, Reliance, Bank of Rajasthan and MCX. Several major financial scams have shaken
375-547: The Securities and Exchange Board of India (SEBI) has barred several individuals and entities from trading on the exchanges for insider trading , stock manipulation , especially in illiquid mid-caps, small-caps and penny stocks . 18°55′47″N 72°50′00″E / 18.9298°N 72.8334°E / 18.9298; 72.8334 ( Bombay Stock Exchange ) Securities and Exchange Board of India The Securities and Exchange Board of India ( SEBI )
400-668: The finance ministry's request to dismiss the PIL and said that the court was well aware of what was going on in SEBI. Hearing a similar petition filed by Bengaluru-based advocate Anil Kumar Agarwal, a two judge Supreme Court bench of Justice Surinder Singh Nijjar and Justice HL Gokhale issued a notice to the Govt of India, SEBI chief UK Sinha and Omita Paul, Secretary to the President of India. Further, it came into light that Dr. K. M. Abraham (the then whole time member of SEBI Board) had written to
425-976: The securities market . Before it came into existence, the Controller of Capital Issues was the market's regulatory authority, and derived power from the Capital Issues (Control) Act, 1947. SEBI became an autonomous body on 30 January 1992 and was accorded statutory powers with the passing of the SEBI Act, 1992 by the Parliament of India . It has its headquarters at the business district of Bandra Kurla Complex in Mumbai and has Northern, Eastern, Southern and Western Regional Offices in New Delhi , Kolkata , Chennai , and Ahmedabad , respectively. Up until June 2023, it also had 17 local offices spread all over India to promote investor education; however, 16 of them were closed as part of
450-910: The Indian market, like the Satyam scam , IL&FS crisis, Punjab National Bank Scam , and NSE co-location scam Critics argue that SEBI failed to properly monitor these companies or take timely action when irregularities were noticed. There have been instances where market intermediaries engaged in fraudulent activities, which resulted in significant losses for investors. SEBI’s monitoring of these intermediaries has been called into question. SEBI has been criticized for its inability to effectively regulate and prevent insider trading, despite having regulations in place. There have been numerous cases where insider trading went undetected for long periods. Some believe SEBI hasn't done enough to prevent companies from issuing IPOs ( Initial Public Offerings ) at inflated prices, which hurts regular investors. Market manipulation
475-459: The Satyam fiasco. In October 2011, it increased the extent and quantity of disclosures to be made by Indian corporate promoters. In light of the global meltdown, it liberalized the takeover code to facilitate investments by removing regulatory structures. In one such move, SEBI has increased the application limit for retail investors to ₹ 200,000 (US$ 2,400) from ₹ 100,000 (US$ 1,200) at present. On
500-785: The Securities and Exchange Board of India describes the basic functions of the Securities and Exchange Board of India as "...to protect the interests of investors in securities and to promote the development of, and to regulate the securities market and for matters connected there with or incidental there to". SEBI has to be responsive to the needs of three groups, which constitute the market: SEBI has three powers rolled into one body: quasi-legislative , quasi-judicial and quasi-executive. It drafts regulations in its legislative capacity, it conducts investigation and enforcement action in its executive function and it passes rulings and orders in its judicial capacity. Though this makes it very powerful, there
525-649: The following powers: SEBI committees There are two types of brokers: SEBI has enjoyed success as a regulator by pushing systematic reforms aggressively and successively. It is credited for quick movement towards making the markets electronic and paperless by introducing the T+5 rolling cycle in July 2001, the T+3 in April 2002, and the T+2 in April 2003. The rolling cycle of T+2 means that settlement
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#1733092566337550-464: The occasion of World Investor Week 2022, SEBI Executive Director Shri G. P. Garg launched a book on Financial Literacy. This book is a joint effort between Metropolitan Stock Exchange of India Limited and CASI New York. Supreme Court of India heard a Public Interest Litigation (PIL) filed by India Rejuvenation Initiative that had challenged the procedure for key appointments adopted by Govt of India . The petition alleged that, "The constitution of
575-587: The one that they could call their own. The brokers group became an official organization known as "The Native Share & Stock Brokers Association" in 1875. On 12 March 1993, a car bomb exploded in the basement of the building during the 1993 Bombay bombings . The BSE is also a Partner Exchange of the United Nations Sustainable Stock Exchange initiative , joining in September 2012. BSE established India INX on 30 December 2016. India INX
600-474: The search-cum-selection committee for recommending the name of chairman and every whole-time members of SEBI for appointment has been altered, which directly impacted its balance and could compromise the role of the SEBI as a watchdog." On 21 November 2011, the court allowed petitioners to withdraw the petition and file a fresh petition pointing out constitutional issues regarding appointments of regulators and their independence. The Chief Justice of India refused
625-462: Was mainly due to illiquid nature of trade on many of 20+ regional Securities exchanges. It had asked many of these exchanges to either meet the required criteria or take a graceful exit. SEBI's new norms for Securities exchanges mandates that it should have minimum net-worth of ₹ 1 billion and an annual trading of ₹ 10 billion. The Indian Securities market regulator SEBI had given the recognized Securities exchanges two years to comply or exit
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