Sebi directed LIC, SBI & BoB to dilute their stakes to below 10% in UTI AMC by Dec next year.
Bajaj Finance’s petition before SAT on Monday had called on Sebi to hear its concerns.
On Monday, depositories transferred securities worth Rs 2,013.77 crore to 82,559 clients of Karvy, said one of the persons.
Kochhar has filed a petition against ‘purported termination’ and denial of the agreed remuneration by ICICI Bank.
Last week , Sebi banned Karvy Stock Broking for client defaults worth Rs2,000 crore.
Sebi banned Karvy from taking new clients over client defaults worth Rs 2,000 crore.
The disclosure on defaults must be made within 24 hours from the 30th day, the capital market regulator said.
The stricter norms for portfolio managers are aimed at reducing mis-selling.
Market regulator, SEBI, wants to introduce the concept of controlling shareholders.
The SAT, in its order which set aside the ban on audit firm Price Waterhouse (PwC), had noted that SEBI does not have the power to bar auditors. Earlier, the SEBI had challenged SAT's decision to quash a two-year ban that was imposed on PwC in connection with the Rs 7,800 crore Satyam fraud.
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