Subsequently, Axis Bank paid Rs 41.4 lakh and United India Insurance Rs 10.1 lakh to settle the respective cases. Axis Bank, United India Insurance pay 51.5 lakh to settle cases with Sebi Premium Axis Bank and its promoter United India Insurance Company have paid more than 51.5 lakh to (MINTPRINT) 1. After the adjudication processes were started against Axis Bank and United India Insurance in this case, the two initiated settlement proceedings. The official website of Manchester United Football Club, with team news, live match updates, player profiles, merchandise, ticket information and more. The three companies have a total of 6,000 offices across India. New Delhi, Dec 1 (UNI) Amid slogan shouting by opposition members protesting against the suspension of 12 members for misconduct, Rajya Sabha Chairman.
However, in five instances the said disclosures were made by the applicant to the bank only with a delay of 10-17 days, the report noted. The same was required to be disclosed to the bank within two trading days.
Sebi’s investigation found that between Octoand September 30, 2018, the value of securities of the bank traded by the applicant, its promoter entity, on each trading day was more than Rs 10 lakh.
This was revealed by the settlement orders of the regulator. The non-life insurer, one of the promoters of the bank, has also paid Rs 10.1 lakh to Sebi to settle the same case. united india donates one crore rupees to uttarakhand floods : 5: 05-07-2013: uiic launches web services to underwrite crop insurance online : 6: 29-04-2013: united india insurance net soars by 36 to rs 527 crores : 7: 24-06-2013: united india insurance pays rs. MUMBAI: Axis Bank has paid Rs 41.4 lakh to markets regulator Sebi to settle its case of non-disclosure of information relating to offloading of the bank’s shares by United India Insurance.