Page 110 - Latest Updates on SEBI
Sebi extends settlement scheme period till Jun 10 in stock option cases
In January 2021, Sebi announced that 1,018 entities, allegedly involved in the manipulation of illiquid stock options, had availed the benefit of its one-time settlement scheme and in March 2023
 "Sebi extends settlement scheme period till Jun 10 in stock option cases")
Sebi bans Indus Weir Industries, directors from securities market for 3 yrs
Sebi found that IWIL had mobilised funds from a large set of investors under the guise of private placement and not followed the process of issuance of securities through public issue norms
K M Birla's Hindalco Industries mulls seeking $1.2 bn in Novelis IPO
Hindalco may target a valuation of about $18 billion for Atlanta-based Novelis, the people said, asking not to be identified because the matter is private
 "K M Birla's Hindalco Industries mulls seeking $1.2 bn in Novelis IPO")
Sebi comes out with strict rules to tackle misconduct by employees
Amending rules governing its employees' services, the markets regulator said that a competent authority can "direct recovery from an employee of the amount of pecuniary loss caused to the Board
 "Sebi comes out with strict rules to tackle misconduct by employees")
Sebi slaps Rs 15 cr fine on Panchariya in Winsome Yarns GDR manipulation
In its order passed in November 2023, the Securities Appellate Tribunal (SAT) affirmed Sebi's findings with respect to the first leg of the transaction about fraudulent activities in the GDR issuance
 "Sebi slaps Rs 15 cr fine on Panchariya in Winsome Yarns GDR manipulation")
Sebi imposes stringent measures to address misconduct among its staff
Amended Employees Service Regulation to include recovery of monetary loss, whole-time members and the chairperson are not covered
NSE to run special trading session on May 18 with disaster recovery switch
The special live trading session will have intra-day switch over from primary site to disaster recovery site
 "NSE to run special trading session on May 18 with disaster recovery switch")
Sebi rejects NSE's proposal to extend trading hours for equity derivatives
The move was part of Sebi's efforts to enable the integration of stocks and commodities trading on a single exchange
 "Sebi rejects NSE's proposal to extend trading hours for equity derivatives")
14 hours a day: Global stock exchanges with trading time more than BSE, NSE
By definition, 'trading hour' is defined as the time span during which a stock exchange is open. During this period, shares and derivative contracts are bought and sold
 "14 hours a day: Global stock exchanges with trading time more than BSE, NSE")
Plant-based speciality firm Sanstar gets Sebi's nod to float IPO
The proposed initial public offering (IPO) comprises a fresh issue of 4 crore shares and an Offer For Sale (OFS) of up to 80 lakh shares by its promoters and promoter group selling shareholders
 "Plant-based speciality firm Sanstar gets Sebi's nod to float IPO")
Sebi no to market hour extension proposal due to lack of consensus: NSE
Stock brokers not on the same page over costs, tech needs
 "Sebi no to market hour extension proposal due to lack of consensus: NSE")
Market regulator Sebi's action on SME for manipulating financials
Bars Add-Shop E-Retail; over 46% of sales in three FYs fake
FirstCry's parent company Brainbees Solutions re-files documents for IPO
The Securities and Exchange Board of India (Sebi) had asked the company to re-file the draft documents due to inadequate disclosure of key performance indicators (KPIs)
 "FirstCry's parent company Brainbees Solutions re-files documents for IPO")
Investments through P-note surge to near 6-yr high at Rs 1.5 trillion
The amount has reached the highest-level since June 2017, when investment through the route stood at Rs 1.65 lakh crore, data with the Securities and Exchange Board of India (Sebi) showed
 "Investments through P-note surge to near 6-yr high at Rs 1.5 trillion")
BSE, NSE spar over derivatives markets, lure investors with lower fees
The NSE plans to launch options contracts based on key sectoral indices, including the pharmaceutical and IT indices, if it gets the regulatory go-ahead, according to two exchange sources
 "BSE, NSE spar over derivatives markets, lure investors with lower fees")
FPIs domiciled at GIFT City allowed to issue P-notes to investors
Move could boost issuance and drive flows into domestic markets, say experts
 "FPIs domiciled at GIFT City allowed to issue P-notes to investors")
Sebi gives approval to CARE Ratings' subsidiary to provide ESG ratings
Such ratings will enable the issuers to discern steps for the betterment of their sustainability performance
 "Sebi gives approval to CARE Ratings' subsidiary to provide ESG ratings")
Sebi streamlines digital onboarding for portfolio managers' clients
The change, aimed at making digital onboarding easier, would become effective from October 1, the Securities and Exchange Board of India (Sebi) said in a circular
 "Sebi streamlines digital onboarding for portfolio managers' clients")
Adani Group stocks see little impact of Sebi notices on disclosure norms
Six group firms say they have received notices; legal experts say allegations don't seem to be very serious
 "Adani Group stocks see little impact of Sebi notices on disclosure norms")
Sebi makes mandatory registration of PMS distributor with APMI: Know more
The new directive would come into effect from January 1, 2025, and APMI would issue the criteria for registration of distributors by July 1, this year, Sebi said in a circular
 "Sebi makes mandatory registration of PMS distributor with APMI: Know more")