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Is SEBI Responsible for satyam

Sameer Medhekar (Student) (4140 Points)

08 January 2009

Is SEBI's neglence Responsible for satyam

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15 Replies

Prakash Popat (3134 Points)
Replied 08 January 2009

Yes,They allow free fall whole day,They R inefficient Umpire/wellknown for unfair umpiring stadards.

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CA Sudhir Halakhandi (PRACTICING CHARTERED ACCOUNTANT) (13401 Points)
Replied 08 January 2009

YES SATYAM SHOULD BE PUT UNDER VIGILLENCE WHEN WORLD BANK IMPOSED A BAN ON IT

CA CS CIMA Prakash Somani (Landmark Group) (23502 Points)
Replied 08 January 2009

It can only be said after an inquiry is being made in this matter. May be SEBI, Stoack Exchange, Auditors, Directors etc etc list not ends here....

Prakash Popat (3134 Points)
Replied 08 January 2009

Immediate suspension of trading could be resorted by the SEBI/NSE,BUT not done so,and participate in the crime against INVESTORS,IF they did fair umpiring than they must allow INVESTORS to write call contract of 30-40-50.

Pratik K (Student) (3406 Points)
Replied 08 January 2009

kyu nahin bhai

SEBI hi nahi har aek istitution becomes responsible for that.

Are yar SEBI ne chaha hota to isaki trading 12 baje hi bandh kar sakata tha,ya fir short sell jo 125rs. se lekar Rs.31 tak huva tha woh rok sakata tha....

lekin kiya kisine....?

SEBI just said that they will investigate for isider trading but did they say what if any insider trading found then they will return money of the share holder or actual trader who lost in these deals.?

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Ashish M (Chartered Accountant) (2731 Points)
Replied 09 January 2009

some tax experts has to say that sebi didn't put circuit breaker just to confirm and give oppourtunity to those who wants to go out of satyam shares must do so.......although the price was moving around Rs.100 at that time...and so as nobody could get locked in with the shares had their been put a breaker on the transaction of its shares...........

Sameer Medhekar (Student) (4140 Points)
Replied 09 January 2009

Thanks for your Precious Reply

shailesh agarwal (professional accountant) (7642 Points)
Replied 15 January 2009

oh ya sebi is also resposible -he has to see quartely reports published strically -is they are reliable or not------qtr-reports -is treating by the companies -so casually as it is just formality.

CA. Rajeev Aggarwal (Chartered Accountant) (3424 Points)
Replied 15 January 2009

No, what sebi can do.

if raju is with intention to make farud

shailesh agarwal (professional accountant) (7642 Points)
Replied 16 January 2009

BY -MAKING RULE -TO PROVIDE -ATTESTED ----

SUPPORTINGS-FIGURES OF QUATERLY RESULTS PUBLISHED IN PAPER--I THINK

WE CAN TAKE SOME PRECAUTIONERY STEPS---TO AVOID -INCOMING-FRAUDS-------------------

AS I THINK

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Prakash Popat (3134 Points)
Replied 18 January 2009

Even no circuit filter for satyam as Yet,Y?

shailesh agarwal (professional accountant) (7642 Points)
Replied 18 January 2009

this is indian law -here invester lossed every thing in few minuts and accuesed-punisshed-------------------------if-----------after -----------a--------------long--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------TIME.