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Prannoy Roy and family-controlled NDTV India can heave a sigh of relief. The channel had got a notice by the market regulator Securities and Exchange Board of India (SEBI) in June 2016 for alleged violation of takeover norms with respect to timely disclosure of some share transactions of its promoters.
With regards to their petition to the Delhi High Court, the date of the hearing which was 29 November 2016 has been adjourned to 17 January 2017. The change in date was announced on the BSE today.
“The company and its promoters have, on 13 June 2016, received Show Cause Notices (SCNs) issued by Sebi with regard to certain non-compliance related to delay/non-filing of disclosures in the previous years under Sebi Takeover Regulations,” NDTV said in a regulatory filing to BSE.
The company further said it is “of the opinion that the alleged non-compliance referred in SCN are technical/ procedural in nature,” and it is seeking legal advice to take appropriate action in the said matter.
NDTV was recently directed by the government to go off air for 24 hours from 9 November 2016 as a penalty for breaching telecast norms related to security issues. The channel was accused of airing images and revealing information regarding defence locations while covering the Pathankot terrorist attack a few months back.
In an another development, the News Broadcasting Standards Authority (NBSA), the self-regulatory body of news channels under the News Broadcasters’ Association ( NBA) late last month asked NDTV, the English news channel, to air an apology for showing an incorrect map of India. The letter from NBA to NDTV stated the complaint was studied and the channel was directed to run an apology (full screen) prior to 9 pm on 5 November.
NDTV gets additional time in SEBI case | Indian Television Dot Com
With regards to their petition to the Delhi High Court, the date of the hearing which was 29 November 2016 has been adjourned to 17 January 2017. The change in date was announced on the BSE today.
“The company and its promoters have, on 13 June 2016, received Show Cause Notices (SCNs) issued by Sebi with regard to certain non-compliance related to delay/non-filing of disclosures in the previous years under Sebi Takeover Regulations,” NDTV said in a regulatory filing to BSE.
The company further said it is “of the opinion that the alleged non-compliance referred in SCN are technical/ procedural in nature,” and it is seeking legal advice to take appropriate action in the said matter.
NDTV was recently directed by the government to go off air for 24 hours from 9 November 2016 as a penalty for breaching telecast norms related to security issues. The channel was accused of airing images and revealing information regarding defence locations while covering the Pathankot terrorist attack a few months back.
In an another development, the News Broadcasting Standards Authority (NBSA), the self-regulatory body of news channels under the News Broadcasters’ Association ( NBA) late last month asked NDTV, the English news channel, to air an apology for showing an incorrect map of India. The letter from NBA to NDTV stated the complaint was studied and the channel was directed to run an apology (full screen) prior to 9 pm on 5 November.
NDTV gets additional time in SEBI case | Indian Television Dot Com
