The move is aimed at encouraging fund houses to diligently exercise their voting rights in best interest of the unit holders
This comes after Sebi, in February, relaxed profitability criteria for becoming a mutual fund sponsor with a view to facilitating innovation and expansion in the mutual funds sector
Sebi issues show-cause notice and summons to fund house, its officials who redeemed their investments
Lawyers say compensation may be an uphill task for investors because of a lack of judicial precedent and broader institutional difficulties
The regulator had appointed a designated authority in 2018 to enquire whether Sahara India Financial violated provisions of Intermediaries Regulations
Sebi on Wednesday asked stock exchanges, clearing corporations and depositories to put in place code of conduct and institutional mechanism
Reliance Jio has bagged more than 50 per cent of the total quantum of airwaves sold by paying Rs 57,122.65 crore. Of the 855.6 megahertz of spectrum sold, Jio has got 488 megahertz
The market regulator dropped the case as the Securities and Appellate Tribunal (SAT), and then the Supreme Court, found no wrongdoing
The committee after a detailed examination would send its findings and recommendations to whole-time member Madbhi Puri Buch, to decide the future course of action, said two people in the know
India's market regulator suggested a "dual approval" process for the appointment and removal of independent directors. Read top stories with Business Standard
Its proposed 'dual approval' system gives more powers to minority shareholders, without whose majority consent it will not be possible for companies to appoint or remove IDs
Sebi's easing of investment norms has encouraged MFs to look at the category more seriously
Says there have been no reported instances of defaults under the current system
Currently, Indian markets have the concept of qualified institutional buyers (QIBs), which include mutual funds, insurance companies or foreign portfolio investors
Market regulator is in active talks with stakeholders to bring in greater granularity in disclosures by listed firms in ESG (environmental, social and corporate governance)
Says it has asked NSE to explain reasons for not migrating to its disaster recovery site
Sebi chairman Ajay Tyagi on Thursday acknowledged the systemic risk concerns raised by the RBI and Financial Stability Board over a disconnect between markets and the real economy
A total of 18 IPOs came out this fiscal on the main board till January 2021
Sebi chairman Ajay Tyagi on Thursday said confidentiality and security concerns of virtual board meets need to be addressed