If you are into IT/Software Sector or say in any sector and can bring overseas contracts (or any domestic business related to the software sector), with a stress on Digital Marketing/Content Writing/Website Development/Reputation Management/SEO/SMM, etc, then you can join me as a partner or associate.
We will give you, the business development portfolio and pay you handsome amounts for your efforts. It does not matter, in which part of the world you are, as long as you can bring businesses. If you are interested, please send me at mail at: suman2005s@rediffmail.com.

Saturday, April 04, 2015

Sebi slaps Rs 30 cr fine on PVP Ventures, its director
[Editor: ......but I feel it will be of no use, as this unscrupulous CMD, will siphon the same fund from PVP Ventures Ltd creating further problems for the shareholders. SEBI should have some other mechanism to stall this wanton loot. Now, while PVP Ventures Ltd has performed very badly in the bourses (and also in terms of Balance sheet) even in this raging BULL Market; in between PVP Square Mall came up in Vijayawada funded by some of the promoters of PVP Ventures Ltd. Doesn't it look a bit strange?]
Photo: First Post
Market regulator Sebi on Friday slapped a fine of over Rs 30 crore on PVP Global Ventures  and its promoter and director Prasad V Potluri for allegedly indulging in insider trading and not complying with disclosure norms. 

The Securities and Exchange Board of India (Sebi), in its order, has imposed a penalty of Rs 15.15 crore each on PVP Global Ventures (formerly known as PVP Energy) and Potluri. PVP Global Ventures, a wholly owned subsidiary of PVP Ventures, and Potluri (who is also Chairman and Managing Director of PVP Ventures) indulged in insider trading activities. 

It was alleged that Potluri had traded in the scrip of PVP Ventures on behalf of PVP Global Ventures, while in possession of Unpublished Price Sensitive Information (UPSI) pertaining to negative financial results. PVP Global Ventures failed to make disclosure regarding sale of more than two percent stake in PVP Ventures to the company and stock exchanges within two days of transaction, thereby violating SAST (Substantial Acquisition of Shares and Takeovers) Regulation. Potluri, in charge and responsible for the conduct of PVP Global Ventures, failed to get the company to make disclosure regarding the transaction. 

In a separate order, Sebi has slapped a total fine of Rs 8 lakh on nine entities --Jagat Mohan Aggarwal and Bharat Bhushan Agarwal, Pradeep Aggarwal, Ram Piari, Ajay Kumar Goel, Kiran Goel, Saru Aggarwal, Suchita Aggarwal and Bharat Bhushan Aggarwal- HUF--for violating Takeover Regulations in the matter of Pioneer Agro Extracts Ltd . 

Courtesy: Moneycontrol.com
Post a Comment