ITV

Tag: Show cause notice

  • Sebi probe against Zeel, Chandra & Goenka to continue; fresh show cause notice to be issued

    Sebi probe against Zeel, Chandra & Goenka to continue; fresh show cause notice to be issued

    MUMBAI: The regulatory investigation against  the father-son duo of Subhash Chandra and Punit Goenka seems to be never ending.

    Securities watchdog the Securities Exchange Board of India (Sebi) on 2 January said that it will be filing a fresh show cause notice (SCN) against the two and will continue its investigation into listing guidelines violations by Chandra and Zee Entertainment Enterprises Ltd (Zeel). This was spelt out in the  adjudication order issued by adjudicating officer (AO) Amit Kapoor on 2 January 2025.  

    In the order Kapoor stated  “that the contents of the SCN dated 6 July 2022 issued by the AO will also be incorporated in the SCN to be issued in the instant matter.”

    Zeel and its promoters are under Sebi investigation for not following Listing Obligations & Disclosure Requirements (LODR) 2015. The regulator had issued a show cause notice against them on 6 July 2022. 

    Both Zeel and Punit Goenka had filed settlement claims to settle the adjudication proceedings. Sebi normally allows entities against whom investigations have been initiated to apply for settlement by paying a certain fee or complying with the rules that the watchdog lays out. 

    Their application was rejected by a panel of whole time Sebi members who also instructed it to continue with the investigation.

    Kapoor’s  adjudication order  states that once the investigation into the instant matter is complete, the competent authority should proceed against Zeel, Chandra, and Goenka under section 11B of the Sebi Act 1992. (Section 11B gives Sebi the powers to levy penalties. Penalties can vary from Rs 1 lakh to Rs 1 crore or to Rs 25 crore or 10 years in prison or both depending under which section of the Sebi Act or Securities Contracts (Regulation) Act, 1956 they are being levied) 

    Kapoor’s order further states that the allegations contained in the SCN  of 6 July 2022 are to be subsumed with the findings of the further investigation carried out by Sebi in the instant matter. 

    “Accordingly, the contents of the SCN dated July 06, 2022 issued by the AO including the examination report and all the relied upon documents will be treated as integral part of the further investigation report by Sebi in the matter of Zeel. The contents of the SCN dated 6 July 2022 issued by  the AO to Zeel, Chandra and Goenka  will also be incorporated in the SCN to be issued in the instant matter. The instant AO proceedings would be dropped against the three, ” he further states in his order. 

  • Al Jazeera to respond to I&B Ministry notice within 15 days

    Al Jazeera to respond to I&B Ministry notice within 15 days

    Updated:  02 Sep 2014 12:30 pm

     

    NEW DELHI: News broadcaster Al Jazeera is expected to respond well in time to the show cause issued by the Information and Broadcasting Ministry for allegedly depicting a wrong map of India in its news reports. 

     

    Sources confirming the issuance of the notice said a period had been given to the channel to reply to the notice.

    The Ministry had said that it had come to its attention that a wrong map of India had been shown in its news broadcasts by the channel last year more than once, in which parts of the country were shown outside the border. 

    “It had come to the notice of the Ministry that in some of the news reports shown by the channel in 2013 related to various incidents, parts of Jammu and Kashmir were shown in territory outside India. The Ministry took the matter with the office of Surveyor General of India. 

    “After a report was received from the office of Surveyor General of India, a show cause notice has been issued to the channel,” a source said. 

    Under the Cable TV Networks Rules 1994, no programme should be carried in the Cable Service which contains anything affecting the integrity of a nation. 

     

    An official spokesperson from the company said, “Al Jazeera takes all feedback on its coverage very seriously.  Our editorial policy is always in line with international law, and to ensure the greatest integrity and quality of information to our viewers in India and right around the world.

     

    “Our style guide says: ‘Any map of India must include Indian-Administered Kashmir, and any map of Pakistan must include Pakistan-Administered Kashmir.  The borders of Kashmir should be a dotted line.’ Some of our maps of both India and Pakistan though did not have the disputed territories clearly visible. This has been rectified.”