The company’s flagship unit, Hengda Real Estate, will also pay a CNY 4.2 billion penalty for inflating revenues and defrauding investors.
Besides allowing the investor lawsuit to proceed against Didi, the US court also refused to dismiss claims against banks that helped the company go public.
SEBI also approved two other proposals, one to relax the timelines for disclosures of material changes, and the other to allow FPIs to reactivate an expired registration.
One of the areas the FSC is scrutinising is the use of online influencers by fund houses to promote their products.
The FSC has decided to appeal a High Court ruling that nullified a reprimand warning imposed on Hana Financial Group CEO Ham Young-joo in 2020.
The policies tighten the rules for IPO applicants, increase oversight of listed companies, and impose obligations on brokers and investment banks.
SEBI said the "beta version" of the optional T+0 settlement system has been approved by its board, but only for a "limited set of 25 scrips" and "with a limited set of brokers".
Out of 12 public sector banks, five have not yet complied with India's minimum public float requirements, which is required by August 2024.
Hong Kong is reportedly considering whether to still keep local markets closed during the most severe weather events to help smaller firms continue operations.
The action, taken to address trade surveillance deficiencies, requires the bank to seek regulatory approval to onboard any new trading venue.
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