Skip to main content

PIL against ICICI Prudential IPO At Bombay High Court

ICICI Prudential IPO - Not Disclosing Copies Of Certificates Of RHP

Mumbai:A RTI activist and Ex agent of ICICI Prudential Life filed Public Interest Litigation at Bombay High Court challenging SEBI approval to ICICI Prudential IPO. Petitioner has registered various complaint but SEBI officers has not taken any cognizance about complaint and approved ICICI IPO without asking more disclosures . ICICI Prudential life is making various claim in DRHP and RHP filed with SEBI but not providing approval certificates of policies, copy of affidavit, Actuary, auditors, etc as per material column in Red Hearing Prospectus RHP. As per SEBI disclosure act and statements, issuers has to disclose all information to investor. The head of Merchant banker DSP Mery Linch (BOFA) should provide all the information to investor without any discrimination. The Merchant banker ie lead manager approve the content of offer document and file due diligence certificate that all the content are true. The merchant banker issued such certificate without confirming that policies are approve or not. If IRDA is not certifying the content of offer document of  then how merchant bankers certify the content of offer document? It is violation of SEBI Merchant Banker Act 1992 . To save the small investors from such cheating and converting loss making company to profit company petitioner filed PIL at Bombay High Court. Petitioner also submitted that How ICICI Prudential making alteration in policy document without IRDA approval of any charges and actuary benefiting company. As per Actuary regulation of IRDA he should work in the interest of policy holders but the ICICI Actuary is designing products in the interest of company and IRDA actuary is not taking any objections. The petition will be heard soon by Chief justice Bench. Due to some technical procedure Chief Justice asked petitioner on 16 Sept 2016  to clear the procedure and mention for urgent hearing later.

Popular posts from this blog

FDA Maharashtra Directory Contact Moblie Number

Food and Drug Administration Directory  DOWNLOAD JUNE 2021 CONTACT LIST PLZ CLICK ADVERTISEMENT TO SUPPORT THIS WEBSITE FOR REVENUE FROM ADVERTISEMENT Field Office Circle Head (Assit Commissioner Address of Field Office Inspector AHMEDNAGAR A.T. RATHOD (7045757882) 19C, Siddhivinayak Colony,,Near Auxillium School, Savedi,,Ahmednagar - 414003 J.H.SHAIKH (9158424524) AKOLA H. Y. METKAR (9730155370) Civil Line, Akashwani Road, ,Akola ,AKOLA H. Y. METKAR (9730155370) AMARAVATI U.B.GHAROTE (9595829895) Office of the Joint Commissioner,Jawade Compound, Near Bus Stand,Amrawati-444 601 C. K. DANGE (9422844477) AURANGABAD S. S. KALE (9987236658) Office of the Joint Commissioner,,2nd floor, Nath Super Market, Aurangpura,Aurangabad R. M. BAJAJ (9422496941) AURANGABAD Zone 2
28 comments
Main news

हिन्दू शब्द वेदों से लिया गया है ना की फ़ारसी से

  HINDU WORD ORIGIN PLZ CLICK ADVERTISEMENT TO SUPPORT THIS WEBSITE FOR REVENUE FROM ADVERTISEMENT हिन्दू शब्द सिंधु से बना है  औऱ यह फारसी शब्द है। परंतु ऐसा कुछ नहीं है! ये केवल झुठ फ़ैलाया जाता है।ये नितांत असत्य है  ........ "हिन्दू"* शब्द की खोज - *"हीनं दुष्यति इति हिन्दूः से हुई है।”* *अर्थात* जो अज्ञानता और हीनता का त्याग करे उसे हिन्दू कहते हैं। 'हिन्दू' शब्द, करोड़ों वर्ष प्राचीन, संस्कृत शब्द से है! यदि संस्कृत के इस शब्द का सन्धि विछेदन करें तो पायेंगे .... *हीन+दू* = हीन भावना + से दूर *अर्थात* जो हीन भावना या दुर्भावना से दूर रहे, मुक्त रहे, वो हिन्दू है ! हमें बार-बार, सदा झूठ ही बतलाया जाता है कि हिन्दू शब्द मुगलों ने हमें दिया, जो *"सिंधु" से "हिन्दू"* हुआ l *हिन्दू शब्द की वेद से ही उत्पत्ति है !* जानिए, कहाँ से आया हिन्दू शब्द, और कैसे हुई इसकी उत्पत्ति ? हमारे "वेदों" और "पुराणों" में *हिन्दू शब्द का उल्लेख* मिलता है। आज हम आपको बता रहे हैं कि हमें हिन्दू शब्द कहाँ से मिला है! "ऋग्वेद" के *"
11 comments
Main news

RTE & School Quota Of Kalyan Dombivli KDMC Region Thane

 Kalyan Dombivali Municipal Region School Quota and RTE 25% quota details received from RTI reply from KDMC Education department. Almost in all the schools free education seats for income below Rs1lac is vacant .The vacant seats are illegally filled by private school in open category by private schools by taking donations. KDMC education didnot taken any action. Total approved strength of class is 4 times of RTE quota. If RTE 25% quota is 25 then approved students limit is 100 students. Means 75 students from general and 25 from RTE 25% quota. In all the schools students are more than from approved strength and RTE 25% seats are vacant. It means RTE seats are filled by general students. As per RTE Act 2009 poor quota seats ie RTE25% cannot be filled by general quota in any condition and at any class. Helpline 9702859636  RTE Admission 
Main news