NIFTY  8,896.70  -0.48%
  SENSEX  28,812.90  -0.28%
 CURRENCY  Rs  66.83/$ 70.65/€, 83.79/£
  GOLD  29,717.00  0.32%
  SILVER  43,440.00  0.20%
  DAX  11,822.70  0.16%
  FTSE  7,253.00  0.13%
  CAC  4,845.18  -0.00%
  HANG SENG  23,925.10  -0.17%
  NIKKEI  19,107.50  -0.91%
  Shanghai Composite  3,228.66  -0.42%
  DOW JONES  20,821.80  0.06%
  NASDAQ  5,845.31  0.17%
  S&P 500  2,367.34  0.15%
SANOFI INDIA Q4 - Net Sales At Rs 552 Cr Vs Rs 522 Cr YoY SANOFI INDIA Q4 - Net Profit At Rs 50.5 Cr Vs Rs 120 Cr YoY

Monitor, Don’t Stop GDR Route: J.N. Gupta

Video:

Play this video

September 19: J.N. Gupta, MD of SES and former ED at SEBI, says a SEBI investigation found that a bank handling GDRs had created paper money and issued the receipts, which is against the norm. Moreover, SEBI had earlier recommended that the proceeds of GDR be kept in Indian banks with branches abroad so that it doesn’t hit a blind trail on the money, which has not happened. “There should be restrictions but one should not stop the route, which may hurt legitimate entities,” he says.