Page 185 - Latest Updates on SEBI
Sah Polymers, Sula Vineyards get Sebi's nod to float IPOs to raise funds
In Sebi's parlance, the regulator's observation means its go-ahead to launch an initial share sale
 "Sah Polymers, Sula Vineyards get Sebi's nod to float IPOs to raise funds")
Sebi holds settlement hearing over probe in 2021 trading halt at NSE
Written submissions sought after hearings held in August
 "Sebi holds settlement hearing over probe in 2021 trading halt at NSE")
Bombay Dyeing moves SAT against Sebi's Rs 2.25 cr fine, two-year market ban
Sebi had passed the order on the firm, its promoter Nusli N Wadia, and three others for allegedly inflating financial statements; firm responded saying its accounting practice was wrongly interpreted
 "Bombay Dyeing moves SAT against Sebi's Rs 2.25 cr fine, two-year market ban")
Sebi closes 107 cases under settlement mechanism in FY22; collects Rs 59 cr
Under the settlement mechanism, an alleged wrongdoer can settle a pending case with the regulator without admission or denial of guilt by paying a settlement fee
 "Sebi closes 107 cases under settlement mechanism in FY22; collects Rs 59 cr")
KFintech settles Sebi proceedings with payment of over Rs 91 lakh
The registrar and transfer agent was found to be violating rules during a Sebi inspection in 2019-2020
 "KFintech settles Sebi proceedings with payment of over Rs 91 lakh")
Reliance Strategic Investments appoints K V Kamath as Independent Director
Kamath served as Chairman of Infosys. In 2015 he was appointed as the first President of the New Development Bank set up by the BRICS countries from where he retired in 2020
 "Reliance Strategic Investments appoints K V Kamath as Independent Director")
ESMA withdraws recognition granted to Indian clearing corporations
Move on account of lack of cooperation arrangements between the EU regulator and Indian authorities
 "ESMA withdraws recognition granted to Indian clearing corporations")
The growing clout of finfluencers is putting Sebi regulations to test
Between April and September, ASCI has observed 71 violations of its disclosure guidelines by financial influencers
 "The growing clout of finfluencers is putting Sebi regulations to test")
ESAF SFB refiling draft papers for IPO, will finish process by Dec
Issue size to smaller than earlier plan of Rs 998 crore, says company's CEO
 "ESAF SFB refiling draft papers for IPO, will finish process by Dec")
Sebi's refund to Sahara investors reach Rs 138 crore since 2012
This amount stood at Rs 23,191 crore and Rs 21,770.70 crore as of March 31, 2021 and March 31, 2020 respectively
 "Sebi's refund to Sahara investors reach Rs 138 crore since 2012")
Sebi pegs dues worth Rs 67,228 cr as 'difficult to recover': Annual report
In its annual report, the regulator has categorised dues worth Rs 67,228 crore as Difficult To Recover (DTR)
Sebi slaps Rs 21 cr fine on 52 entities in Religare Finvest fund case
Sebi has imposed a fine totalling Rs 21 crore on 52 entities, including Fortis Healthcare Holdings, in a case pertaining to huge diversion and misutilisation of funds of Religare Finvest
Markets regulator Sebi penalises 9 persons in Bombay Dyeing case
Sebi has slapped a penalty totalling Rs 59 lakh on nine persons in a case pertaining to alleged fraudulent scheme of misrepresenting financial statements of Bombay Dyeing
FirstMeridian Business Services gets Sebi's nod to float Rs 800-cr IPO
Staffing firm FirstMeridian Business Services Ltd has received capital markets regulator Sebi's go ahead to raise up to Rs 800 crore through an IPO
 "FirstMeridian Business Services gets Sebi's nod to float Rs 800-cr IPO")
Sebi recovery rate less than 2% of Rs 99,490 cr claimed since 2013-14
Number of pending notices was up 31% to 2,872 at the end of FY22, from 2,193 the previous year
 "Sebi recovery rate less than 2% of Rs 99,490 cr claimed since 2013-14")
Subdued equity market slows mutual fund penetration, shows data
Mutual funds fail to carry high growth momentum of FY22 due to changed market conditions
 "Subdued equity market slows mutual fund penetration, shows data")
Market regulator Sebi issues guidelines to standardise CRAs' rating scales
The regulator also specified standard descriptors for 'rating watch' and 'rating outlook'
Sebi bans Mehul Choksi from securities market for 10 years, fines Rs 5 cr
Choksi is already facing Income Tax department and ED action
 "Sebi bans Mehul Choksi from securities market for 10 years, fines Rs 5 cr")
SFBs need Rs 4,000 cr capital to maintain 30% CAGR in advances: CareEdge
Capital raising delayed amid volatile markets, lower risk apetite among investors
 "SFBs need Rs 4,000 cr capital to maintain 30% CAGR in advances: CareEdge")
Sebi issues guidelines to standardise usage of rating scales used by CRAs
Also, Sebi said that rating symbols should have CRA's first name as prefix