It also found misuse of FII regulations. Brokerage also did not maintain clear segregation between broking and other activities of group companies.
Relicord is a cord blood banking service owned by Reliance Life Sciences. It also had 29, temporary employees on the same date.
The pipeline carries petroleum products including naphtha and kerosene. In Marchit had stores in India. It established a synthetic fabrics mill in the same year at Naroda in Gujarat. The Sebi inquiry also said RSL collected higher securities transaction tax from its clients inallotted more than one terminal in the same segment for a single user, and also collected cheques in the name of Reliance Money.
This would be accompanied by increasing the staff strength in Retail division from existing strength of 35, toin next 3 years and increasing employees in Telecom division from existing 3, to 10, in 12 months. The existing shareholders in RIL, both the promoter group and non-promoters, received shares in the de-merged companies.
Its clients are primarily pharmaceutical, biotechnology and medical device companies. But currently, the same attrition rate has gone up to Inafter a bitter public feud between the brothers over the control of the Reliance empire, mother Kokilaben intervened to broker a deal splitting the RIL group business into the two parts.
InReliance entered the broadband services market with acquisition of Infotel Broadband Services Limited, which was the only successful bidder for pan-India fourth-generation 4G spectrum auction held by the government of India.
The share prices of RIL were impacted by some margin when this news broke out. Chargesheet also mentioned criminal offences with dishonest intention and causing wrongful loss totaling Rs Five main allegations concerning Reliance, and which have plunged the Indian capital markets into a period of uncertainty unsurpassed since the days of the securities scam were: It attempted to monopolise the private telecom services market through front companies.
Younger brother Anil Ambani received telecom, power, entertainment and financial services business of the group. Employees As on 31 Marchthe company had 23, employees of which 1, were women and 83 were employees with disabilities. RSL had failed to update client details despite the stock exchanges pointing this out in their inspection reports.
It has commissioned facilities like the supervisory control and data acquisition system and the cathodic protection system, a jackwell at River Tapi, and a raw water pipeline system at Hazira.
It has interests in television, digital platforms, publication, mobile apps, and films. It offers a range of products based on solar energy: SEBI probed transactions by entities that participated in and led to some three months of speculative rally after which the RPL stock surged to an all-time intraday high of Rs on 1 November In the settlement, it was also added that the brokerage will also pay Rs25 lakh towards settlement charges.
After suffering a heart attack inhe handed over the daily operations of the company to his sons Mukesh Ambani and Anil Ambani. It switched shares sent for transfer by buyers to make illegal profits. Brokerage, not fully equipped to handle its customer base at the time, used the name Reliance Money at all its offices and on employee visiting cards, instead of Reliance Securities, which was the registered trading member, leading to confusion.
By the end of Januarythe company had bought back Inthe partnership ended and Dhirubhai continued the polyester business of the firm.
The Sebi inquiry cited 20 irregularities, including the brokerage not informing clients about various charges at the time of opening accounts. The in-place volume of natural gas was in excess of 7 trillion cubic feet, equivalent to about 1.Rediff MoneyWiz, the personal finance service from mi-centre.com equips the user with tools and information in the form of graphs, charts, expert advice, and more to stay up-to-date and make informed decisions.
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all life insurance companies and fraternal benefit societies that are authorized to reinsure life insurance, annuities or accident and health insurance business in this State.
This regulation shall be applied in a manner that allows the appointed actuary to. Reliance Industries Limited (RIL) is an Indian conglomerate holding company headquartered in Mumbai, Life Insurance Corporation of India is the largest non-promoter investor in the company, In Octoberthe split of Reliance Group was formalized.
Mukesh Ambani got Reliance Industries and IPCL. Duringwe acquired Congress Life Insurance Company, a life insurance company with licenses in 43 U.S. states, and a minority interest in Wilton Re Holdings Limited, a U.S.
re-insurer that focuses on the reinsurance of mortality risk on life insurance policies.Download