The three year term of appointment of the Securities and Exchange Board of India’s Chairman Ajay Tyagi has been further extended for 6 months.
The term has been extended for a period of six months beyond February 29,2020 or until further orders, whichever is earlier.
Certain high profile cases like Price Waterhouse’s alleged malpractice in Satyam scam, Reliance Industries fraud finally got wrapped up.
Many cases still need to be dissolved urgently. Matters like listing of Indian Companies oversees and changes in definition of promoter are still undergoing considerations.
Let’s wait for any further updates.