The designated bodies are required to apply for SCORES authentication and/or for Application Programming Interface (API) integration with SCORES within a specified time period
A division bench of Justices G S Kulkarni and Jitendra Jain said such an approach by the SEBI would cause a dent in the confidence reposed in the public body by investors
The decision came after Sebi had conducted an inspection of documents, and other records of SHCIL, a Designated Depository Participant (DDP), to verify the possible violations of the rules
Sebi's chief Madhabi Puri Buch said said there are a good number of investors who are waiting to invest in urban infrastructure projects
Third party reports and comments can affect markets and shake investor confidence
The RBI had communicated to Sebi a list of requirements in the framework including SSFs in its master directions
This week, five companies, including Tata Technologies, came out with their Initial Public Offerings (IPOs) that garnered a record Rs 2.6 trillion in application amount
The jump added more than $15 billion to the ports-to-power conglomerate's market value, the most since Hindenburg Research in its Jan. 24 report
The Securities and Exchange Board of India (Sebi) will seek public comments on the proposals before finalising the rules, the sources said
Move to help boost confidence and bring in standardisation, say industry participants
In the event of non-payment of dues, the market watchdog will recover the amount by attaching and selling the moveable and immovable property of Panchariya
Sebi's decision to regulate fractional ownership real estate market, which is still at a nascent stage in India has been welcomed by the industry
Defers decision on easing delisting, NRI investment norms; introduces framework on fractional real estate ownership
Sebi held its quarterly board meeting in Mumbai on Saturday where it approved several key decisions including providing flexibility for fund raising by NPOs through the social stock exchange
At present, the combined holdings of NRIs and OCIs in a global fund have to be less than 50 per cent, while that of a single NRI or OCI is capped at 25 per cent
Judgment reserved; Sebi says it won't seek more time for probe
The SC bench said that it cannot ask a statutory regulator to take as a "gospel truth" something which was published in the media
In addition, the minimum coverage period requirement should be slashed to two months from the current twelve months
"Has SEBI looked at whether it is necessary to tighten the regulations. What is SEBI intending to do in terms of ensuring the protection of investors," the bench said
To safeguard the interest of investors, many brokers prohibit trading or purchase of shares of companies placed under GSM