Question
The Securities and Exchange Board of India (SEBI) has
debarred Zee Entertainment Enterprises (Zee) promoter and Essel group Chairman Subhash Chandra and MD & CEO Punit Goenka from holding key positions in any listed company for allegedly diverting assets of Essel Group companies amounting to ______.Solution
The Securities and Exchange Board of India (SEBI) has debarred Zee Entertainment Enterprises (Zee) promoter and Essel group Chairman Subhash Chandra and Managing Director (MD) and Chief Executive Officer (CEO) Punit Goenka from holding key positions in any listed company for allegedly diverting assets of Essel Group companies.The matter pertains to the Letter of Comfort (LoC) granted by Chandra in September 2018 towards credit facilities taken by certain group companies from YES Bank. The credit amounted to Rs 200 crore.The allegations are that these guarantees were given without approval from the board and were used to siphon off funds by the promoters.
Under what circumstances can a member can be removed from office by the Central Government under the IFSCA Act?
What does the term "Alternate Dispute Resolution" (ADR) refer to?
According to the Insurance Act an insurer shall be ineligible for registration unless he has ___________________
Indian Constitution has established a __________ government?
Who are the persons by whom a promise is to be performed as per the Contract Act?
According to Section 36(2) of the Code on Wages, 2019, what happens if there is no available surplus for a particular accounting year?
What is the defense of "contributory negligence" in tort law?
Under Section 24 of Indian Contract Act which one of the following agreements is void?Â
A company which has been in existence for __________________ cannot contribute any amount directly or indirectly to any political party
What is the main difference between civil law and common law legal systems?
Relevant for Exams:
