Investor wealth plunged Rs 1.43 lakh crore on Tuesday amid sell-off in the stock market
Several actively traded small-cap firms hit; they claim classification wrong
Sebi clamped down on 331 such companies on Monday, directing exchanges to take action against them
Market players say stringent trading rules in Grade-VI GSM could discourage buyers
Experts say using shell firms does not signify illegality of tax abuse and regulatory provisions
Exiting on the day when trade resumes may not be easy
There has been a fallout across the whole market; the issue needs to be cleared up soon
The shares of these six companies are likely to resume normal trading from Monday
These entities were under the Sebi's scanner for alleged misuse of stock market platform for tax evasion and suspected money-laundering activities.
Exempts lenders from making open offers to shareholders
Sebi said the actions were serious in nature, having a cascading adverse effect on investors
Orion Capital and Orion Broking Services have failed to redress investor grievances till date: Sebi
Foreign investors have bought a net $23 bn in Indian debt so far this year
The SMAC also plans to review introduction of weekly stock future contracts
Block deals involve trading of a large number of shares between two parties, which are typically pre-decided
24-member body to submit its report this week
The panel has also batted for enhancing Sebi's powers to act against auditors and third-party fiduciaries
Move may hit regulator's autonomy, say experts
The recommendations made by the six-member panel headed by Sandeep Parekh, founder of Finsec Law, aim to manage conflict of interest and ensuring independence
Regulator's board meeting on Sept 18; to take stock of action against 331 suspected shell firms