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Once the world's sixth-richest billionaire, Anil Ambani declared himself a pauper to Chinese banks in 2020.
After the death of Dhirubhai Ambani on 6 July 2002, Reliance was headed by his two sons. The Reliance ADA Group was formed in 2006 after the two brothers Mukesh Ambani and Anil Ambani, split Reliance Industries in December 2005. [3] [4] Anil Ambani got the responsibility of Reliance Infocomm, Reliance Energy, and Reliance Capital.
Anil Ambani is the youngest son of the founder of Reliance Industries, Dhirubhai Ambani and his wife Kokilaben Ambani. Ambani has said that his father would lead the brothers on "incentive-oriented outings" where they would be rewarded with a box of mangoes for a 10-km (6 mile) hike, but also punished them for acting out in front of guests. [9]
The Ambani family holds around 45% of the shares in RIL. [127] Since its inception, the company was managed by its founder and chairman Dhirubhai Ambani. After suffering a stroke in 1986, he handed over the daily operations of the company to his sons Mukesh Ambani and Anil Ambani. After the death of Dhirubhai Ambani in 2002, the management of ...
Securities Laws (Amendment) Act, 2014 is a legislation in India which provided the securities market regulator Securities and Exchange Board of India (SEBI) with new powers to effectively pursue fraudulent investment schemes, especially ponzi schemes. [1] The bill also provides guidelines for the formation of special fast trial courts. [2]
It also covers the legal dispute between Mukesh Ambani and Anil Ambani over the pricing of gas supply between their two firms. [ 3 ] [ 4 ] It discusses technical issues of deep-sea drilling. It also includes an investigative report prepared by the Comptroller and Auditor General of India (CAG) of the alleged malpractices of Reliance Industries ...
The CII Code commanded the formation of two major committees headed by Kumar Mangalam Birla and N. R. Narayana Murthy, and overseen by the Securities and Exchange Board of India (SEBI). The objective was to monitor corporate governance and prevent future scams. [26] The SEBI were to monitor the NSE and the National Securities Depository.
Securities Appellate Tribunal is an Indian statutory and autonomous body created to hear appeals against the orders of India's main financial regulators.The presiding officer and other members of the Board are elected by the selection committee of the Prime Minister of India.