Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: ARTICLES ON INPUT TAX CREDIT IN VAT :: empanelment :: due date for vat payment :: VAT RATES :: VAT Audit :: Central Excise rule to resale the machines to a new company :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TAX RATES - GOODS TAXABLE @ 4% :: TDS :: articles on VAT and GST in India :: ACCOUNTING STANDARDS :: list of goods taxed at 4% :: cpt :: form 3cd :: ACCOUNTING STANDARD
 
 
« General »
 Why consumers should welcome GST
 Retailers need to file single GST return every month
 Aadhaar is must for income tax returns if you have one; Here's how you can file it online
 Will it be a tax haven above the law?
 Your mutual fund investment tax efficient? Here are 3 steps to ensure utmost efficiency for your portfolio
 Finally a goods and services tax. But what lies ahead?
 Tax May Rise On Outbound M&As, Indian Mncs’ Investments
 Filing income tax return? Do remember to claim benefits on your reimbursements
 Banks will have a hard slog ahead to get GST-ready
 Clarification regarding applicability of Section 16 (1)(a) of the Companies Act. 2013 with reference to cases under corresponding provisions of Companies Act. 1956
 Introduce indemnity clauses with suppliers on tax compliance: Expert

Sebi probes ICICI-BoR deal: Sources
June, 02nd 2010

The proposed merger of Bank of Rajasthan (BoR) with ICICI Bank has come under market regulator SEBIs scanner, sources revealed on Tuesday.

Sources say SEBI is investigating trading activity leading up to BoR-ICICI Bank merger.

On May 18, after the market hours, the ICICI Bank had agreed to take over BoR through a share-swap deal which values the troubled BoR at about Rs 3,000 crore. As per the board decision, the transaction would be done by way of offering 25 shares of ICICI for every 118 shares of BoR. However, the proposed merger is being opposed by BoR employees.

Sources say SEBIs investigation arm is looking at possible insider trading and has asked for trading data from Jaipur Stock Exchange. According to sources, SEBI would also get data from surveillance departments of Bombay Stock Exchange and National Stock Exchange regarding the deal.

When contacted, ICICI Bank refused to comment on the development.

ICICI Bank will seek the shareholders approval for the proposed merger of BoR with itself through extra-ordinary general meeting (EGM) on June 21. Post-merger, the total business of ICICI Bank would cross Rs 4 lakh crore and there would be an increment of 25 per cent in branch network.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Company Overview

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions