SEBI disposes case against Motilal Oswal in IPO scam
Market regulator SEBI has disposed a case against brokerage firm Motilal Oswal in connection with an IPO scam after the company agreed to pay Rs 5 lakh as settlement charges.
Market regulator SEBI has disposed of proceedings against two public sector companies - GAIL and NALCO - for failing to adhere to Clause 49 of the Listing Agreement by not appointing the requisite number of independent directors on their boards.