Sebi
Sebi tackles tech glitches with new online monitoring mechanism for system audits of brokers
The paper addresses the growing complexities of trading systems and the rising risks of technological glitches. The proposals aim to enhance audit practices, fostering a stronger regulatory framework. Public comments are invited until December 26.
Sebi gives nod to Shriram Properties' CMD Murali Malayappan for indirect acquisition
Sebi¡¯s exemption order on Monday stated that the indirect acquisition would not alter the control of Shriram Properties, with the promoter and promoter group retaining a 27.94% stake in the company post-acquisition.
Sebi penalises Reliance Securities for breach of norms
Capital markets regulator Sebi on Friday slapped a monetary penalty of Rs 9 lakh on Reliance Securities for flouting market norms as well as stock brokers rules.
Adani Ports shares jump 5.5% on achieving 36 MMT cargo volume in November
Shares of Adani Ports rose 5.5% after reporting a 21% growth in November cargo handling and a credit rating upgrade for Gopalpur Ports.
NSE, BSE face profit risk from proposal for clearing firms
India's stock exchanges, NSE and BSE, may face profit declines if the SEBI implements proposed clearing house ownership changes. The regulator suggests diversifying ownership for market stability, impacting bourse earnings. Two options are proposed: a 100% sell-down or a phased reduction to 15% ownership. This adds to revenue pressures from stricter derivatives trading rules.
Sebi has adequate mechanisms to address conflicts of interest: MoS for finance
The government said SEBI has adequate mechanisms to address conflicts of interest. The SEBI board has a code of conduct to ensure ethical behavior and prevent conflicts of interest.
Sebi investigating whether Adani Group flouted disclosure rules: Report
India's market regulator, SEBI, is investigating Adani Green Energy Ltd. for potential disclosure violations regarding a US Justice Department bribery probe. The investigation centers on whether Adani Green adequately informed investors about the investigation and its scope, particularly the involvement of individuals linked to the Adani Group.
Sebi orders finfluencer 'Baap of Chart' to refund fee collected from investors
Capital market regulator Sebi has barred Nasiruddin Ansari and associates, operators of the Baap of Chart platform, from accessing the securities market for providing unregistered investment advisory services. Sebi instructed them to refund Rs 17 crore to investors through an escrow account and publish notice in national newspapers.
Sebi begins inquiry into alleged false statements by Adani Group
The regulator has sought information from stock exchanges regarding Adani Green Energy's communications on US investigations, they said, and will consider launching a formal probe after receiving the reports from the bourses.
Hikal settles case with Sebi, pays Rs 43.9 lakh
Last year on August 22, Sebi issued a show cause notice to the chemical company, alleging failure to give adequate and timely disclosures and giving false misleading disclosures to stock exchanges in relation to seven events related to an incident which occurred due to illegal discharge of a hazardous chemical, Sodium Hydrosulphide, from a tanker.
Sebi to auction 17 properties of KBCL India on Dec 23
Capital markets regulator Sebi will auction 17 properties of KBCL India Ltd on December 23 to recover money illegally collected from investors. The regulator has initiated the process for the sale of assets after KBCL India Ltd, its directors Rakesh Kumar, Vishvnath Pratap Singh and Shashi Kant Mishra failed to refund the investors' money.
C2C Advanced Systems IPO turns multibagger on debut day despite initial troubles from Sebi
C2C Advanced Systems shares saw a strong rally after their debut on the NSE SME platform, climbing an additional 5% to deliver a total return of 99.49% on the first day, providing near multibagger returns to investors.
Sebi orders attachment of bank, demat accounts of Anil Ambani's Reliance Big Entertainment
Capital markets regulator Sebi on Monday ordered the attachment of bank accounts as well as shares and mutual fund holdings of Reliance Big Entertainment to recover dues of Rs 26 crore.
Sebi proposes more diversified ownership of equity clearing corporations
India markets regulator is proposing more diversified ownership of equity clearing corporations, which are currently fully owned by the country's exchanges.
Sebi proposes to widen UPSI ambit
In its consultation paper, Sebi has proposed that only agreements, including shareholder, joint venture and family settlement, that affect the management and control of the firm and are known to the firm should be considered price-sensitive and included in the illustrative list of events under the definition of UPSI.
Sebi abolishes 1% security deposit requirements in public issues
Markets regulator Sebi on Thursday abolished the requirement of a mandatory security deposit with the exchanges before a public issue in a bid to facilitate ease of doing business for issuer companies. The move will be applicable with immediate effect, the Securities and Exchange Board of India (Sebi) said in a circular.
Sebi orders NSE, BSE to act as alternative trading venue on outage on one exchange
Indian market regulator today gave its go ahead to NSE and BSE to act as alternative trading venue at the time of outage on either exchange. The exchanges will now have to prepare an SOP (Standard Operating Procedure) that should include a plan to be invoked at the time of outage and submit it within 60 days.
What happens to your trade if there's a BSE or NSE outage?
In response to potential technical glitches or cyber attacks, Sebi mandates NSE and BSE to act as alternative trading venues to ensure business continuity. This plan comes after a notable 2021 incident at NSE, where a 4-hour outage caused significant disruption and losses for traders.
Sebi simplifies registration of certain categories of FPIs
To facilitate ease of onboarding of Foreign Portfolio Investors and reduce duplication of available information, markets regulator Sebi on Tuesday said applicants can choose to fill either the entire Common Application Form (CAF) or an abridged version with unique fields.
Patels Airtemp (India) settle disclosure violation case with Sebi
Patels Airtemp (India) on Tuesday settled a case with capital markets regulator Sebi related to an alleged violation of disclosure rules by paying a settlement amount of Rs 28.53 lakh. Heavy machinery company Patels Airtemp (India) is a BSE-listed entity.
Govt slaps fine on Sun Pharma officials over related party transactions
Sun Pharmaceutical Industries Ltd has been penalized by the Ministry of Corporate Affairs for non-disclosure and failure to obtain necessary board and shareholder approvals for certain related party transactions in the past. The penalties apply to certain past and present directors and officials. The issues relate to transactions from financial years 2014-15 to 2018-19.
BEML shares jump 4% on Rs 3,658 crore order win from Chennai Metro Rail
BEML share price: BEML shares rose 3.6% after securing a Rs 3,658 crore contract from Chennai Metro Rail. The company also won a Rs 246.78 crore order for dump trucks from Central Coalfields.
Regulator asks fund houses, PMS cos to disclose more about 'dodgy' investors
The market intermediaries will have to submit the data, along with a slew of other information, to the regulator by November 30, an official with a large asset manager told ET.
Sebi modifies interim directions for Axis Capital in merchant banker norms violation case
Sebi on Tuesday modified its interim order prohibiting Axis Capital Ltd from engaging in any transactions in the debt segment that involve providing credit risk cover, guarantees and indemnities for the purchase of pledged shares until further notice. Sebi, in its interim order in September, prohibited Axis Capital from undertaking new assignments as a merchant banker, arranger, or underwriter for debt securities until further notice.
Sebi proposes engaging independent agency for appointment of key personnel at exchanges, MIIs
Sebi has proposed engaging independent external agencies to identify suitable candidates for the appointment of key management personnel at market infrastructure institutions. The NRC will evaluate these recommendations and send them to the governing board and Sebi. The aim is to ensure independence, transparency, and accountability in key managerial appointments. Sebi also proposes a cooling-off period for KMPs and directors to prevent conflicts of interest.
Angel One shares in focus after subsidiary secures Sebi license for mutual fund business
Shares of Angel One are expected to remain in the spotlight after the company announced on Tuesday that its wholly-owned subsidiary, Angel One Asset Management Company, received approval from the Securities and Exchange Board of India (SEBI) to manage Angel One Mutual Fund.
Sebi mulls process to seek waiver of interest on penalty payment
Markets regulator Sebi on Monday proposed a procedure for seeking a waiver or reduction of interest concerning recovery proceedings initiated by it for failure to pay penalty. Under the proposal, the regulator suggested that the applicant's requests for waiver/reduction should be submitted to the relevant Recovery Officer, with documentation supporting the fulfilment of three criteria from Section 220(2A) of the Income Tax Act, 1961. Section 220(2A) allows the waiver or reduction of this interest under specific conditions.
SEBI study: 1 out of 4 times listed companies paid royalty exceeding 20% of their net profits to related parties
A Sebi study found that Indian listed companies paid royalty to related parties exceeding 20% of net profits once in four times. In half the cases, royalty payments exceeded dividends paid to non-related shareholders. 1,538 instances of royalty payments within 5% of turnover were observed, with 1,353 made by profitable companies and 185 by loss-making ones.
Sebi asks MIIs to resolve whistleblower complaints in 60 days, outlines guidelines on governance
Sebi has introduced new guidelines to enhance accountability and governance in stock exchanges and other MIIs. These guidelines include resolving whistleblower complaints within 60 days, adopting RegTech and SupTech, and establishing SOPs for disciplinary actions against KMPs.
Sebi proposes doubling minimum net worth requirement for custodians
India's markets regulator on Wednesday proposed changes to the regulatory framework for custodians, including doubling their minimum net worth requirement.
Angel One AMC receives Sebi approval to start mutual fund business; stock jumps 5%
Angel One's subsidiary, Angel One Asset Management Company, has secured SEBI's approval to launch Angel One Mutual Fund, focusing exclusively on passive investment strategies. This move allows Angel One to expand its offerings with low-cost index funds and ETFs, catering to the growing demand for accessible wealth creation.
K Raheja Investment pays Rs 68.73 lakh to settle REIT norms violation case with Sebi
K Raheja Investment Managers on Thursday settled with capital markets regulator Sebi a case on alleged violation of REIT rules by paying Rs 68.73 lakh towards settlement fee in the matter of Mindspace Business Parks REIT. K Raheja Investment Managers LLP (now known as K Raheja Corp Investment Managers Pvt Ltd) is the manager of Mindspace Business Parks REIT.
Sebi directs 4 entities to cease and desist from offering unlisted debentures
India's Securities and Exchange Board of India (SEBI) has ordered four entities to halt their operations involving the public subscription of unlisted securities on their platforms. SEBI determined that these entities facilitated the public sale of privately placed unlisted NCDs, a violation of regulatory guidelines, potentially putting public investments at risk.
SJVN shares zoom 7% as co signs MoU with Rajasthan government
SJVN share price: SJVN's shares surged 6.5% after the company signed an MoU with the Rajasthan government to develop 5 GW of pumped storage and 2 GW of floating solar projects. This partnership, along with SJVN's recent upgrade to Navratna status, positions the company for significant growth in renewable energy.
Sebi considers taking Angel funds regulation out of its purview
Sebi is considering regulating Angel Funds under its norms following the abolition of Angel tax. A consultation paper highlighted gaps in operational clarity and investor suitability. Sebi suggests revising existing norms to provide more flexibility and ease of operations.
Sebi asks CRAs to verify issuers' funds availability, escrow payments in certain cases
These additional guidelines have been introduced to address scenarios of non-payment of debt (principal or interest) caused by factors beyond the issuer's control.
Sebi penalises LCC Infotech, 6 others for misrepresenting financial statements
Sebi on Tuesday slapped fines totalling Rs 12 lakh on seven entities, including LCC Infotech and its promoters -- Kirti Lakhotia, Sidharth and Pratik Lakhotia -- for misrepresenting the financial statements of the company.
SEBI warns investors against unauthorised trading platforms
SEBI issued a third advisory warning investors about unauthorized platforms offering virtual trading, paper trading, and fantasy games. It urged investing only through registered intermediaries to avoid financial losses and fraud.
Scammers using hope, fear and greed to cheat investors, says Zerodha's Nithin Kamath
Nithin Kamath warns about the increasing online fraud scams targeting investors. He advises caution and verification before making investment decisions. He emphasizes not acting in haste and avoiding opportunities that seem too good to be true. These scams exploit human emotions like hope, fear, and greed.
Emerging India Focus Funds settles FPIs violation case with Sebi; pays Rs 64.35 lakh
The Securities and Exchange Board of India (Sebi) initiated adjudication proceedings against the applicant and issued a showcause notice in February for the alleged violations of FPI Regulations and Intermediaries Regulations.
Sebi clears Roshni Nadar¡¯s family share transfer in HCL Tech, aimed at smooth succession
Sebi has granted Roshni Nadar an exemption from making an open offer for her proposed acquisition of shares in HCL Tech's promoter entities. This move facilitates smoother succession planning within the Nadar family. The transaction is a non-commercial transfer between immediate relatives, exempting it from the open offer requirement.
Rating financial instruments not in Sebi ambit? Get RBI's NOC
These instruments-marketed to financial institutions, private equity houses, corporate treasuries, retail investors as well as fund houses and portfolio management firms-don't come under Sebi's regulatory domain, which is primary regulator for credit rating agencies.
Embassy Office Parks shares in focus as CEO steps down after Sebi directive
Shares of Embassy Office Parks REIT are in focus as CEO Aravind Maiya was suspended by SEBI for violating compliance norms. Maiya will transition to the role of Head of Strategy for the company. This follows an NFRA ruling that debarred him for 10 years over professional misconduct related to his prior role as an auditor for Coffee Day Enterprises, where lapses in audit standards contributed to a major financial scandal.
Sebi directs Embassy Office Parks to suspend CEO Maiya
Embassy Office Parks Management Services is manager to Embassy REIT, the country's largest real estate investment trust with a market capitalisation of ?40,000 crore. The regulator has asked the company to appoint an interim CEO.
SC junks Sebi plea against SAT Relief to RIL, Ambani brothers
The Supreme Court dismissed SEBI¡¯s appeals against penalties on Reliance Industries and its promoters, which were quashed by the Securities Appellate Tribunal (SAT). However, the court agreed to hear Reliance¡¯s cross-appeal regarding the price manipulation case involving RPL shares
The gamification of India¡¯s investment landscape: Why investor protection must come first
India's retail investment boom is driven by tech and gamification but raises risks. Regulatory reforms on transparency, investor education, and gamification practices are essential to ensure long-term financial stability.
Minority investors show less dissent as cos hear them out
Indian companies are experiencing a decline in shareholder dissent, with resolutions facing over 20% opposition from institutional investors dropping to 16% this fiscal year. Increased engagement with investors and a focus on minority shareholder interests are cited as contributing factors. Despite the overall decline, some resolutions related to board appointments and executive compensation still faced pushback from institutional investors.
CIEL HR Services files DRHP with SEBI, plans to raise Rs 335 crore via fresh issue
CIEL HR Services has filed for an IPO to raise funds through a fresh issue and an offer for sale. The company plans to use the proceeds for acquisitions, investments, and working capital. CIEL HR, promoted by Pandiarajan Karuppasamy, offers a range of HR services and technology platforms to various sectors.
Sebi slaps Rs 50 lakh fine on Sunil Lulla for violating market norms in Eros International matter
Capital markets regulator Sebi imposed a Rs 50 lakh fine on Sunil Arjan Lulla, the former MD of Eros International Media, for violating regulatory norms. Sebi also confirmed a ban against him and noted his resignation only after 13 months and receiving a show-cause notice.
Sebi grants lock-in, allotment exemptions for InvITs, REITs in employee benefit schemes
Markets regulator Sebi on Wednesday exempted InvITs and REITs from specific lock-in and allotment restrictions when issuing units to an employee benefit trust under unit-based employee benefit (UBEB) schemes.
Sebi extends deadline till Nov 26 for comments on proposed specified digital platform
Markets regulator Sebi on Tuesday extended the deadline for public comments till November 26 on the proposal concerning requirements for recognition as specified digital platforms (SDPs). Earlier, the comments from the public were sought till November 12.
Kanalytics offers solutions to help listed cos comply with Sebi rule on mkt rumours
Following this, the top 100 listed entities began verifying market rumours from June 1 this year, while an additional 150 (or top 250) listed entities will follow suit from December 1 onwards.
Videocon case: Sebi orders attachment of bank, demat accounts of Venugopal Dhoot, Electroparts
India's market regulator, Sebi, has taken action against Venugopal Dhoot and Electroparts (India), freezing their assets to recover unpaid dues of Rs 68.5 lakh. This follows a 2021 Sebi penalty for insider trading in Videocon Industries shares, where Dhoot and the promoter entities allegedly traded based on insider information about the company's loan classification as NPA.
Sebi mulls measures to facilitate ease of doing biz for ESG Rating Providers
Markets regulator Sebi suggests changes to the framework for ESG Rating Providers, especially those using a subscriber-pays model. Sebi recommends exemption from disclosing ESG ratings to stock exchanges and sharing reports with subscribers and rated issuers simultaneously. The proposals aim to improve clarity and transparency in ESG ratings. Public comments on the proposals are invited until November 15.
UPL, chairman Jaidev Shroff settle case with Sebi over trading violations, pay Rs 20.2 crore
United Phosphorous Ltd and its chairman Jaidev Shroff have settled with Sebi by paying ?20.2 crore. Sebi's investigation revealed that the company, with Shroff's assistance, misrepresented shareholding and routed funds via overseas accounts to trade in its own shares, making a wrongful gain of ?4.2 crore.
Sebi allows MFs to invest in overseas funds with exposure to Indian securities
The move is aimed at facilitating ease of investment in overseas MF/UTs, bringing transparency in the manner of investment, and enabling MFs to diversify their overseas investments, Sebi said in a circular.
Sebi cautions investors against unauthorized virtual trading, gaming platforms
Markets regulator Sebi on Monday cautioned investors against undertaking trading activities through virtual trading or gaming platforms and asked them to deal only through registered intermediaries.
Sebi mulls raising maximum investment limit by angel fund in startup to Rs 25 crore
Markets regulator Sebi on Wednesday proposed raising the maximum investment limit by an angel fund in a startup to Rs 25 crore, a move that can provide a boost to the new-age technology companies.
This smallcap, multibagger stock to trade ex-bonus from tomorrow. Do you own?
A 3:1 bonus share issue means that for every 1 share a shareholder already owns, they will receive 3 additional shares as a bonus
Borana Weaves files DRHP with Sebi for IPO
Borana Weaves Limited, a Surat-based synthetic grey fabric manufacturer, has filed its DRHP for an IPO. The proceeds will be used to fund a new manufacturing unit and for general corporate purposes. The company reported revenue of Rs 199 crore and a profit of Rs 23.59 crore for the year ended March 2024.
Kirloskar deed disclosure case referred back to Sebi
SAT earlier this week has disposed of appeals filed by Kirloskar Oil Engines, Kirloskar Ferrous Industries, Kirloskar Pneumatic, Kirloskar Industries, and GG Dandekar Properties, against Sebi's October communications addressed to them to disclose the DFS within seven days from the receipt of those regulatory directives.
Sebi orders Embassy Office Parks to suspend CEO for violating compliance norms
Sebi directed Embassy Office Parks to suspend CEO Aravind Maiya following an NFRA order that debarred him for ten years over alleged professional misconduct linked to his role as an auditor for Coffee Day Enterprises. NFRA's findings highlight serious lapses in audit standards and due diligence under Maiya's watch.
Adani Energy shares tumble 4% on Sebi notice for alleged misclassification of shareholding
Adani Energy Solutions shares are under scrutiny following the receipt of a show-cause notice (SCN) from the Securities and Exchange Board of India (SEBI) during the September quarter, related to the wrongful categorization of shareholders. The company disclosed this in its exchange filing for the quarter but did not provide further details.
Sebi¡¯s new framework on gold: Here are 5 things to know
Investments in gold can take various forms, including physical gold, Sovereign Gold Bonds, Gold ETFs, and the newly introduced Electronic Gold Receipts (EGRs). India¡¯s annual gold demand is around 900¨C1,000 tonnes, but it lacks a liquid spot market for price discovery. SEBI¡¯s new framework aims to enhance price discovery through the proposed gold exchange, benefiting investors.
Sebi mulls separation of non-regulated activities; 'cross-default' definition for debenture trustees
The regulator has proposed changes to how the Recovery Expense Fund is used, which supports debenture recovery processes and suggested to standardize the format of Debenture Trust Deeds to streamline documentation.
Embassy REIT CEO Arvind Maiya to step down following SEBI order to suspend him
Aravind Maiya, the CEO of Embassy Office Parks Management Services that manages Embassy REIT, will step down from his post following market regulator Sebi's direction to suspend him and appoint an interim CEO immediately.
Sebi issues Rs 130 cr demand notices to 5 entities in Reliance Home Finance fund diversion case
India's market regulator, Sebi, is pursuing Rs 130 crore from five entities, including Netizen Engineering and Citi Securities, for their alleged role in diverting funds from Reliance Home Finance. Sebi previously imposed a Rs 25 crore penalty on Anil Ambani and barred him and 24 others from the securities market for their involvement in the scheme.
Elcid Investments shares skyrocket another 20% in 4 days
Elcid¡¯s remarkable price surge came after a special call auction session on the Bombay Stock Exchange (BSE) to determine the prices of holding companies, where Elcid shares were valued at Rs 2.25 lakh.
Sebi asks QSBs to offer UPI mechanism, 3-in-1 facility to investors from Feb 1
Markets regulator Sebi on Monday asked qualified stock brokers to offer either the facility of trading in the secondary market using the UPI-based block mechanism to their clients similar to the ASBA facility or a three-in-one trading account facility from February 1. These qualified stock brokers brokers (QSBs) must offer one of these two options, in addition to the current mode of trading.
Sebi approves IPOs of Kalpataru and Unimech Aerospace
Sebi has approved the IPOs of Kalpataru Ltd and Unimech Aerospace. Kalpataru plans to raise Rs 1,590 crore through a fresh issue, while Unimech Aerospace recently raised Rs 250 crore in a private placement. Kalpataru focuses on luxury, premium, and mid-income real estate projects, while Unimech Aerospace specializes in machining, fabrication, and assembly of aerospace components.
Adani Energy Solutions gets Sebi notice on shareholder classification
Without disclosing further details, the company mentioned the receipt of the SCN in its exchange filing for the September quarter results.
Sebi proposes Rs 1 cr minimum investment, mandatory demat form for securitized debt instruments
Public offers should remain open for a minimum of three days and a maximum of 10 days, with advertisement requirements aligned with Sebi's regulations for non-convertible securities.
Primary markets can become as efficient as secondary markets
SEBI's technology-driven efforts have accelerated IPO timelines significantly, reducing them from months to days. Reevaluating the mandatory 50% allocation to retail and HNI investors could further streamline IPO processes and improve market efficiency, suggesting alternatives like increased institutional involvement or mutual fund schemes for retail investors.
Sebi proposes doubling threshold for 'High Value Debt Listed Entities' to Rs 1,000 cr
Sebi proposes raising the threshold for High Value Debt Listed Entities from Rs 500 crore to Rs 1,000 crore to reduce compliance burdens. It includes governance obligations, filing reports in XBRL format, and harmonising reports with equity-listed entities. Public comments are open until November 15.
Flexible workspace provider Smartworks receives SEBI approval for IPO
Smartworks, a flexible workspace provider, has received SEBI approval for its IPO. The company operates in 13 cities in India and has expanded to Singapore. Keppel Ltd. is a major investor in Smartworks, having invested $29 million.
Trualt, Ecom Express among 7 IPOs approved by Sebi
Sebi has approved IPOs of seven companies, including Ecom Express and Concord Enviro Systems. Ecom Express, backed by Warburg Pincus, will raise Rs 2,600 crore. Concord Enviro Systems, a water and wastewater treatment solutions provider, plans to raise Rs 192.3 crore.
Sebi calls for stricter review of AIF investors
At present, AIFs have been designated as qualified institutional buyers(QIB) and can avail certain benefits under Sebi rules. On Tuesday, Sebi said AIFs should not facilitate investors who are ineligible for QIB status on their own from availing the benefits.
Battling the social bulls: Internet firms fear overregulation by Sebi
Sebi has proposed regulation of Internet firms to check the spread of misinformation about financial products on social media platforms. Companies, fearing overregulation, are seeing red. In the draft proposal, Sebi also said that social media and other internet platforms should, ¡°to the satisfaction¡± of the market regulator, have the policy to share securities market-related information and data with it whenever it is sought.
EFC secures SM REIT approval to raise up to Rs 500 crore
EFC (I) Limited's subsidiary received SEBI approval for SM REIT, enabling a ?500 crore initial offer. The company reported a 230.26% profit increase, boosting its growth potential.
Angel One pays Rs 5.74 crore to settle case with Sebi
Brokerage firm Angel One on Friday settled a case related to an alleged violation of regulatory norms with the capital markets regulator Sebi after paying Rs 5.74 crore towards settlement charges. The settlement order came after the applicant (Angel One Ltd) proposed to settle the instant proceedings initiated against them, "without admitting or denying the findings of facts and conclusions of law".
Sebi comes out with periodic reporting format for research analysts, proxy advisers
Markets regulator Sebi on Friday came out with a standardised format for periodic reporting for research analysts (RAs) and proxy advisers (PAs). The regulator has recognised the Research Analyst Administration and Supervisory Body (RAASB) for the administration and supervision of RAs under the RA Regulations.
66,92,534% gain in a trading day? Yes, that's Elcid
So when Elcid Investments, a little-known sparsely traded micro-cap holding company made this eye-popping surge in Tuesday's trade, Dalal Street participants took notice. The extraordinary surge in the stock was on account of a special call auction for price discovery in investment holding companies, organised by stock exchanges.
Sebi proposes allowing shared contact details for non-individual clients to simplify compliance
To enhance ease of compliance, Sebi on Monday proposed broadening its guidelines on shared contact details by allowing non-individual clients, such as HUFs, partnerships, trusts, and corporates, to use the same mobile number or email address under exceptional circumstances. Currently, this exception applies only to individual clients within a family.
Sebi mulls allowing Associations of Persons to open demat accounts
Markets regulator Sebi on Wednesday proposed allowing Associations of Persons (AOPs) to open demat accounts in their name to hold certain securities, excluding equity shares.
Supreme Court refuses stay on SAT order in Cairn India buyback case
The Supreme Court refused to stay a tribunal order that quashed SEBI's action against Cairn India, now part of Vedanta Ltd. SEBI had penalized Cairn India for violating buyback rules. The company successfully appealed against the penalties, arguing unforeseen market conditions. SEBI's appeal against the tribunal's decision will be heard by the Supreme Court.
Sebi to auction 15 properties of five companies on Nov 19
Capital markets regulator Sebi on Monday said it will auction 15 properties belonging to Mangalam Agro Products, Sumangal Industries and Falkon Industries India on November 19. The move is part of Sebi's efforts to recover money collected by these companies from investors in violation of norms.
Adani entities apply for settlement in response to Sebi show cause notice
Entities linked to Adani Group have sought a settlement with Sebi over alleged public shareholding norm violations. They filed settlement applications following a show cause notice from Sebi. These actions involve key figures, including Vinod Adani, and four listed companies: Adani Enterprises, Adani Power, Adani Ports, and Adani Energy Solutions. Sebi's investigation dates back to 2020.
Adani Energy gets Sebi notice over alleged wrongful categorisation of shareholders
Adani Energy Solutions (AESL) received a notice from Sebi alleging wrongful categorization of certain investors as public shareholders. AESL said it will respond to regulatory and statutory authorities by providing relevant information/clarifications.
Sebi introduces framework to monitor shareholding of market infra institutions
Each MII must appoint a non-associated Designated Depository (DD) to monitor compliance with shareholding limits. For depositories, the other depository will act as their DD.
Sebi¡¯s new framework on index derivatives kicks off, first leg live today
Sebi's six-step framework for index derivatives officially began on November 20, with the first leg going live. The new rules impose higher margin requirements for index derivatives expiring on the same day, with a 2% increase in the Extreme Loss Margin (ELM). This marks the start of SEBI¡¯s phased approach to improve risk management and streamline derivatives trading, set for full implementation by April 2025.
7 at 7: Israel-Hezbollah truce, Adani Group clarification, Nykaa¡¯s big buy, more
"From a fragile ceasefire bringing temporary calm between Israel and Hezbollah to Sebi's intensified scrutiny of high-risk investors post-FATF review; from the Adani Group clarifying bribery charges while facing a $55 billion market cap hit to Nasdaq's tech slump following inflation concerns; and from Nykaa acquiring a majority stake in Earth Rhythm to tap the clean beauty market to LIC¡¯s plans for a ?2,000 crore stake in ManipalCigna, here¡¯s your roundup of major geopolitical, financial, and corporate updates shaping the world today."7 at 7: Israel-Hezbollah truce, Adani Group clarification, Nykaa¡¯s big buy, more
Parliamentary Finance Panel calls Sebi, other regulators
This was decided at the first meeting of the parliamentary finance panel on Tuesday, which was attended by around two-dozen MPs and chaired by BJP MP Bhartruhari Mahtab. Former FM and senior Congress leader P Chidambaram is a part of the 31-member panel.
When Ratan Tata made a special personal request to Sebi chief during TCS IPO
In July 2004, during the launch of TCS's IPO, Mr. Tata, despite heavy rains, personally visited SEBI's chairman to express gratitude for support and to honor TCS's first CEO, Mr. F C Kohli. His actions reflect his values of humility and recognition of contributions.
Sebi bars merchant banker First Overseas Capital from managing public issues
SEBI has barred First Overseas Capital Ltd from handling public issues due to violations of merchant banking norms. The regulator found FOCL had not maintained minimum net worth, provided false statements, and lacked required MB certifications. FOCL must respond within 21 days.
Sebi levies Rs 15 lakh fine on 3 entities for indulging in non-genuine trades
Sebi has fined multiple entities a total of Rs 27 lakh for non-genuine trades in the BSE's illiquid stock options segment and regulatory violations. The penalties include Rs 15 lakh on three traders for artificial volumes, Rs 5 lakh on Rudra Shares & Stock Brokers, and Rs 7 lakh on a research analyst for non-compliance.
F&O addiction: Sebi tightens Futures and Options trading rules effective Nov 20; check details here
Markets regulator Sebi, on October 01, announced that it will start implementing a new framework to regulate the high-risk world of futures and options (F&O) by taking six measures, including increasing the contract size to Rs 15 lakh from Rs 5-10 lakh and limiting weekly expiries to one per exchange. The new rules come into effect in a graded manner beginning November 20. These rules are based on recommendations by an Expert Working Group (EWG) to strengthen the equity index derivatives framework. Watch the video to know more details.F&O addiction: Sebi tightens Futures and Options trading rules effective Nov 20; check details here
Sebi issues framework on associations b/w mkt intermediaries, unauthorised financial advisors
Markets regulator Sebi on Tuesday came out with a framework on associations between market intermediaries and unauthorised financial advisors, especially with regard to specified digital platforms.
Sebi board approves MF Lite framework for passive schemes
Sebi has approved the introduction of the Mutual Funds Lite (MF Lite) framework for passively managed schemes. This framework reduces eligibility criteria for sponsors and compliance requirements. Existing AMCs can manage active and passive schemes separately. The new regulations aim to encourage new players, enhance market liquidity, and foster innovation in the mutual fund sector.
Sebi Board Meeting: Regulator approves new asset class for HNIs with riskier appetite
SEBI New Asset Class: Market regulator Sebi approved a new asset class for high-net-worth investors to invest in riskier regulated products. The minimum investment will be Rs 10 lakh. This new class, called ¡®Investment Strategies¡¯, aims to add depth to the investment landscape. Sebi also introduced the Mutual Funds Lite framework for passively managed schemes.
VMS TMT files DRHP with SEBI for fundraising via IPO
VMS TMT filed draft prospectus for IPO to raise funds for solar power plant, working capital, debt repayment, and general corporate purposes. Proceeds will also be used for backward integration and diversification into MS pipes.
