Page 202 - Latest Updates on SEBI
Sebi's total income increases marginally to Rs 826 crore in FY21
The market watchdog's total income rose to Rs 825.67 crore in FY21 from Rs 813.04 crore in 2019-20 in the preceding fiscal, indicating a growth of 1.55 per cent
 "Sebi's total income increases marginally to Rs 826 crore in FY21")
Inox Green Energy files fresh draft papers with Sebi for Rs 740-cr IPO
The IPO comprises fresh issuance of equity shares worth Rs 370 crore and an offer-for-sale of equity stocks aggregating to Rs 370 crore by promoter Inox Wind
 "Inox Green Energy files fresh draft papers with Sebi for Rs 740-cr IPO")
India Exposition Mart gets Sebi's go ahead to float Rs 600-cr IPO
Going by the draft papers, the company may consider a private placement of equity shares aggregating up to Rs 75 crore. If such pre-IPO placement is undertaken, the fresh issue size will be reduced.
 "India Exposition Mart gets Sebi's go ahead to float Rs 600-cr IPO")
Demat a/cs maintained by stock brokers need to be tagged by June-end: Sebi
Credit of securities will not be allowed in any demat account left untagged from July 1 onwards. However, credits on account of corporate actions will be permitted, the Sebi said in a circular.
Delta Corp rises 12% after gaming arm files DRHP, stock underperfoming
DGL's IPO will comprise a fresh issue of equity shares of face value of Rs 1 each, for an amount aggregating up to Rs 300 crore and an offer for sale for up to Rs 250 cr
 "Delta Corp rises 12% after gaming arm files DRHP, stock underperfoming")
Fund houses ready NFOs as ban nears end, say will comply with new norms
In a circular in October 2021, Sebi had stated that pooling of funds or units by stockbrokers and clearing members in any form or manner shall be discontinued for all mutual fund transactions
 "Fund houses ready NFOs as ban nears end, say will comply with new norms")
Sebi to auction properties of Royal Twinkle, Citrus Check Inns on July 15
The move is part of Sebi's effort to recover funds worth thousands of crores of rupees raised by the companies
Sebi panel provides facilities for PACL investors to update mobile number
A high-powered Sebi committee on Friday provided facilities to PACL investors to update details of their mobile numbers and enquire whether SMSs have been sent to them to submit original certificates
Sebi orders attachment of bank, demat accounts of Aakruti Nirmiti, 2 others
Sebi has ordered attachment of bank accounts as well as share and mutual fund accounts of Aakruti Nirmiti Ltd and its directors to recover investors' dues totalling over Rs 95 crore
 "Sebi orders attachment of bank, demat accounts of Aakruti Nirmiti, 2 others")
SAT gives ICEX another chance, quashes withdrawal of permanent recognition
Tribunal says 'the ship may be sinking but the leakages can be plugged', pulls up Sebi for concluding exit of top officials would necessarily lead to closure of the exchange
 "SAT gives ICEX another chance, quashes withdrawal of permanent recognition")
'Sebi acted in haste': Chanda Kochhar gets interim relief from SAT
Tribunal directs Kochhar to file a fresh application before Sebi
 "'Sebi acted in haste': Chanda Kochhar gets interim relief from SAT")
Sebi penalises Yashovardhan Birla, 6 others in Zenith Birla GDR case
It is the level and curvature of the yield curve that contains info on market expectations on economic prospects and inflation, says paper authored by Deputy Governor M D Patra and others
Sebi slaps Rs 23 lakh penalty on 3 people for misrepresentation of funds
Capital markets regulator Sebi on Wednesday imposed penalties totalling Rs 23 lakh on 3 individuals in a case related to misrepresentation in the financial details of Indian Infotech and Software Ltd
Indian Overseas Bank gets board nod to raise up to Rs 1k cr equity capital
The Chennai-based state-owned lender said it will seek shareholders' approval for raising the equity capital
 "Indian Overseas Bank gets board nod to raise up to Rs 1k cr equity capital")
Those subscribing MFs from Aug to get choice of providing nomination: Sebi
AMCs have been asked to ensure that adequate systems are in place for providing the e-sign facility and they need to take all necessary steps to maintain confidentiality and safety of client records
 "Those subscribing MFs from Aug to get choice of providing nomination: Sebi")
Sebi issues demand notices to BSE, NSE in Karvy Stock Broking case
In an order on April 12, Sebi had slapped a penalty of Rs 3 crore on BSE and Rs 2 crore on NSE for "laxity" on their part in detecting misuse of clients' securities by KSBL
'Not fit & proper': SAT scraps Sebi order against 5 brokers in NSEL case
Market regulator asked to conduct a fresh investigation into the matter and pass an order within six months.
Multiply Ventures raises Rs 260 cr via maiden fund focused on consumer tech
The Bengaluru-based VC fund said it exceeded its target of Rs 250 crore
 "Multiply Ventures raises Rs 260 cr via maiden fund focused on consumer tech")
Stick to algos vetted by exchange or a reputed broker, advise experts
Go with players who can provide audited records of performance
 "Stick to algos vetted by exchange or a reputed broker, advise experts")
Standardising regulatory prescriptions
Realisation of statutory objectives in the securities market requires absolute clarity of statutory provisions