Page 273 - Latest Updates on SEBI
Portfolio managers must provide disclosure document before agreement: Sebi
Portfolio managers need to provide disclosure document, comprising quantum and manner of payment of fees payable for each activity, to clients before entering into an agreement with them, Sebi said
 "Portfolio managers must provide disclosure document before agreement: Sebi")
Sebi orders attachment of bank, demat accounts of Roselabs Finance
Markets regulator Sebi has ordered attachment of bank as well as demat accounts of Roselabs Finance Ltd to recover dues worth a little over Rs 2.75 crore
Best of BS Opinion: Coupling of power exchanges, regulatory overkill & more
Here's a selection of Business Standard opinion pieces for the day
 "Best of BS Opinion: Coupling of power exchanges, regulatory overkill & more")
Regulatory overkill
Sebi must take a balanced view on capital adequacy
Reforms in IPO rules discussed with investors from US, says Sebi
Rising FPI registrations & inflows signify sustained interest of foreign investors in the Indian capital mkt, the regulator said
 "Reforms in IPO rules discussed with investors from US, says Sebi")
Sebi bars investment bankers from sharing bidding data with investors
Asks them to direct investors to original source of public info
Airtel foreign ownership puzzle stumps investors again, stock sheds gains
Jump in user base and margin improvement helped stock end with a gain of 3.3% in a falling market. Nevertheless, it shed 8.3% from day's high of Rs 488 to end at Rs 448
 "Airtel foreign ownership puzzle stumps investors again, stock sheds gains")
Yash Birla barred from securities market for second time in a month
Yashovardhan Birla, Chairman of Yash Birla Group has been barred from the securities market by SEBI twice in just a month's time
Sebi bans Beckons Industries, its senior officials for GDR manipulation
Through two separate orders, Sebi noted that the firm issued 1.44 million GDRs amounting to USD 5 million in July 2008 and 2.49 million GDRs worth USD 10.54 million in June 2010
Sebi directs BSP Infra to return investors' money within 90 days
Markets regulator Sebi on Tuesday directed BSP Infrastructure & Construction and its then managing director Pradip Samaddar to refund the money raised from investors within 90 days
What makes managing debt funds a challenge for mutual funds industry
In the last couple of decades, the regulator has had to constantly tinker with the guidelines but new problems have cropped up every few years
 "What makes managing debt funds a challenge for mutual funds industry")
Paytm Money launches ETFs, aims investment by 100,000 users in 12-18 months
Fintech major Paytm on Monday said its wholly-owned subsidiary Paytm Money has launched Exchange-Traded Funds (ETFs) on its platform after approval from the Securities and Exchange Board of India
 "Paytm Money launches ETFs, aims investment by 100,000 users in 12-18 months")
Sebi plan to introduce capital adequacy norms rattles stockbrokers
Traders contend norms are stringent, no need for them when regulator has already reduced brokers' dependency on client securities and margin
 "Sebi plan to introduce capital adequacy norms rattles stockbrokers")
Sebi bans Birla Pacific Medspa, Yash Birla, 8 others from securities
Birla Pacific Medspa Ltd (BPML), which came out with offer documents in March 2011, had floated its over Rs 65-core initial public offering (IPO) in June 2011
SAT clearing more cases now than before Covid-19 pandemic, shows data
August and September each saw over 80 appeals to the SAT
 "SAT clearing more cases now than before Covid-19 pandemic, shows data")
Sebi's role in Franklin Templeton crisis draws ire of Karnataka HC
Sebi did not possess copy of April 23 resolution on winding up passed by FT Trustees board of directors, did not respond to e-mail of April 14 sent by AMC, court observes
IL&FS resolves Rs 1,460 crore debt in Q2; misses target due to Covid-19
The board is now looking to resolve Rs 13,200 crore of additional debt by December 2020
 "IL&FS resolves Rs 1,460 crore debt in Q2; misses target due to Covid-19")
Franklin Templeton case: Karnataka HC says consent of unit holders needed
The court has restrained the trustees from taking any further steps till the consent of unit holders via simple majority is obtained
 "Franklin Templeton case: Karnataka HC says consent of unit holders needed")
Market regulator clears the deck for proposed share buyback in NTPC
The company is among the 8 public sector undertakings (PSUs) directed by the government to consider a share buyback in order to boost its disinvestment kitty
Sebi taps custodians for beneficial ownership data from neighbour nations
As per Sebi norms, threshold for identification of beneficial owners of FPIs on controlling ownership interest is 25% in the case of companies, 15% for partnership firms
 "Sebi taps custodians for beneficial ownership data from neighbour nations")