The Securities and Exchange Board of India (SEBI) has agreed to settle charges against four entities foralleged irregularities in the IPO scam of 2003-05, after a total payment of about Rs.3.30 crore towards settlement charges and disgorgement ill-gotten gains made by them. As per the settlement reached through the regulator’s consent mechanism, which allows for settling of charges after payment of certain fees and disgorgement of any illegal gains, the four entities Bahubali Shantilal Shah, Lok Prakashan Ltd., Shreyans
S. Shah and Smruti S Shah — have collectively made the
payment without admission or denial of charges.
--) March 1: Saurabh Chandra assumed charge as Secretary, Ministry of Petroleum & Natural Gas.
Note: He succeeds Vivek Rae, who demitted office on superannuation.
--) March 1: Uttar Pradesh government has appointed A L Banerjee as new Director General of Police.
Note: He succeeds Rizwan Ahmad, who retired recently.
--) March 3: Former Uttar Pradesh Chief Minister Kalyan Singh was appointed the vice president of Bharatiya Janata Party. BJP president Rajnath Singh made the appointment.
--) March 3: In a major embarrassment to the Congress government at the Centre, Justice KT Thomas has quit as the head of the Lokpal Committee Search Panel.
--) March 5: Sheila Dikshit, a former three-term Chief Minister of Delhi, was appointed Governor of Kerala.
--) March 8: Technology firm Avaya appointed Priyadarshi Mohapatra as Managing Director for its India and SAARC operations.
--) March 11: Akhilesh Gupta, has been elected as President of the Indian Meteorological Society for 2014-16.
--) March 13: Soma Mondal has been appointed as the first woman director (commercial) of Navratna Public Sector Unit (PSU) National Aluminium Company Ltd (NALCO).
--) March 13: Amitabh Kant, CEO and Managing Director of the Delhi Mumbai Industrial Corridor Development Corporation, will take charge as Secretary, Department of Industrial Policy and Promotion.
--) March 13: Canara Bank, which has long been reeling under piling non-performing assets or bad loans, appointed cricketer Shikhar Dhawan as its brand ambassador.
--) March 14: Former Home Secretary G.K. Pillai today resigned as Chairman of MCX Stock Exchange.
--) March 16: Tesco Hindustan Service Centre (Tesco HSC), the global technology and operations centre for Tesco, has appointed Glen Attewell as Chief Executive Officer.
Note: He succeeds Sandeep Dhar, who spent over five years as CEO.
--) March 18: Chetan Tamboli, Steelcast Ltd‘s Chairman, and Sanjay Kirloskar, CMD of Kirloskar Brothers Ltd, have been elected Chairman and Deputy Chairman, respectively, of Confederation of Indian Industry, Western Region.
--) March 18: Private sector lender ING Vysya Bank announced the return and appointment of Uday Sareen as Deputy CEO, Head of Wholesale Banking and Strategy with effect from April 1, 2014.
--) March 21: Aditi Khanna was unanimously elected as the first women President of Indian Journalists‘ Association (IJA) in London.
--) March 25: Rajiv Takru, a 1979 batch IAS officer, has been appointed as the new Revenue Secretary and will succeed Sumit Bose, who retires on March 31.
--) March 26: After nine years at the helm, Vinita Bali will step down as Managing Director of Britannia Industries with effect from March 31. She will be succeeded by Varun Berry, in line with the succession plan put in place by the company last year.
--) March 1: Saurabh Chandra assumed charge as Secretary, Ministry of Petroleum & Natural Gas.
Note: He succeeds Vivek Rae, who demitted office on superannuation.
--) March 1: Uttar Pradesh government has appointed A L Banerjee as new Director General of Police.
Note: He succeeds Rizwan Ahmad, who retired recently.
--) March 3: Former Uttar Pradesh Chief Minister Kalyan Singh was appointed the vice president of Bharatiya Janata Party. BJP president Rajnath Singh made the appointment.
--) March 3: In a major embarrassment to the Congress government at the Centre, Justice KT Thomas has quit as the head of the Lokpal Committee Search Panel.
--) March 5: Sheila Dikshit, a former three-term Chief Minister of Delhi, was appointed Governor of Kerala.
--) March 8: Technology firm Avaya appointed Priyadarshi Mohapatra as Managing Director for its India and SAARC operations.
--) March 11: Akhilesh Gupta, has been elected as President of the Indian Meteorological Society for 2014-16.
--) March 13: Soma Mondal has been appointed as the first woman director (commercial) of Navratna Public Sector Unit (PSU) National Aluminium Company Ltd (NALCO).
--) March 13: Amitabh Kant, CEO and Managing Director of the Delhi Mumbai Industrial Corridor Development Corporation, will take charge as Secretary, Department of Industrial Policy and Promotion.
--) March 13: Canara Bank, which has long been reeling under piling non-performing assets or bad loans, appointed cricketer Shikhar Dhawan as its brand ambassador.
--) March 14: Former Home Secretary G.K. Pillai today resigned as Chairman of MCX Stock Exchange.
--) March 16: Tesco Hindustan Service Centre (Tesco HSC), the global technology and operations centre for Tesco, has appointed Glen Attewell as Chief Executive Officer.
Note: He succeeds Sandeep Dhar, who spent over five years as CEO.
--) March 18: Chetan Tamboli, Steelcast Ltd‘s Chairman, and Sanjay Kirloskar, CMD of Kirloskar Brothers Ltd, have been elected Chairman and Deputy Chairman, respectively, of Confederation of Indian Industry, Western Region.
--) March 18: Private sector lender ING Vysya Bank announced the return and appointment of Uday Sareen as Deputy CEO, Head of Wholesale Banking and Strategy with effect from April 1, 2014.
--) March 21: Aditi Khanna was unanimously elected as the first women President of Indian Journalists‘ Association (IJA) in London.
--) March 25: Rajiv Takru, a 1979 batch IAS officer, has been appointed as the new Revenue Secretary and will succeed Sumit Bose, who retires on March 31.
--) March 26: After nine years at the helm, Vinita Bali will step down as Managing Director of Britannia Industries with effect from March 31. She will be succeeded by Varun Berry, in line with the succession plan put in place by the company last year.
The matter relates to SEBI’s investigation into
irregularities in initial public offers of various companies, including IDFC and IL&FS during 2003-05. SEBI said the
probe had found that the four entities provided funds to key operators for cornering shares reserved for
retail individual investors in IDFC and IL&FS IPOs
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