Page 278 - Latest Updates on SEBI
Sebi extends IPO relaxations till March 2021 amid Covid-19 disruptions
Sebi's observation for IPOs is valid for a year, by which time the issuer must come out with one, else it has to re-file its offer document. But now a firm has till March 2021 to come out with offer
 "Sebi extends IPO relaxations till March 2021 amid Covid-19 disruptions")
Sebi extends relaxation on validity of nod to launch IPO, rights issue
The move comes following representations from the industry, the Securities and Exchange Board of India said in a circular
Sebi notifies new rights issue rules, rationalises eligibility, disclosures
Markets regulator Sebi has notified new rights issue rules to rationalise the eligibility criteria and disclosure requirements to make fund raising easier, faster and cost-effective
Blessing Agro, Asurre Agrowtech investors get time to submit refund claims
Sebi has extended till October 16 the last date for investors of Blessing Agro Farm and Asurre Agrowtech to submit claims for refund of money invested in illegal investment schemes by the firms
Sebi directs bourses, clearing corporations to liquidate defaulters' assets
The recovery of assets would help in meeting the obligations of clients, stock exchanges, and clearing corporations, Sebi said in a circular
 "Sebi directs bourses, clearing corporations to liquidate defaulters' assets")
Sebi eases norms for REITs, InvITs to raise fund in institutional placement
The units allotted on a preferential basis using the pricing method set out by the regulator shall be locked-in for a period of three years, as per the circulars.
Labelling may not affect risk perception
Investors perceive debt funds to be a safe and tax-friendly alternative to banks FDs. Grading a fund as 'very high risk' may not have a major impact
 "Labelling may not affect risk perception")
Quit from here, then join, Sebi tells 350 officers seeking IFSCA deputation
Rejects all 350 applications; Newly formed unified authority International Financial Services Centres Authority (IFSCA) regulates govt's pet project GIFT city institutions
Equitas SFB revises offer size for proposed initial public offering
Equitas Small Finance Bank had received the Sebi's approval for the IPO on March 3
 "Equitas SFB revises offer size for proposed initial public offering")
Sebi fines Rana Kapoor Rs 1 cr for hiding a transaction from YES board
By not disclosing about the transaction to Yes Bank's board of directors, Kapoor has created an opaque layer between him and stakeholders, Sebi said in an order.
 "Sebi fines Rana Kapoor Rs 1 cr for hiding a transaction from YES board")
Auditors seek fine-tuning audit report guidelines, approach Sebi, NFRA
The new disclosures and assessments are a part of the Companies (Auditor's Report) order, or CARO, effective this financial year
 "Auditors seek fine-tuning audit report guidelines, approach Sebi, NFRA")
Sebi releases guidelines for investment advisors on client segregation
Sebi has also fixed a cap on fee that investment advisers (IA) can charge from clients. It has also put in place a procedural framework pertaining to audit and record-keeping
Covid-19: As regulators ease rules for firms, investors aren't taking it easy
Companies battling to get in shape after a nationwide lockdown to contain the coronavirus pandemic devastated the economy have been helped by regulators, but investors are worried. Should they be?
 "Covid-19: As regulators ease rules for firms, investors aren't taking it easy")
Decoded: Why Sebi's new margin pledge norms have rattled brokerages
Business Standard tries to explain why Sebi introduced this new system and why it is worrying the broking community
Best of BS Opinion: Beyond FCRA, raise demand via govt spending & more
Here's a selection of Business Standard opinion pieces for the day
 "Best of BS Opinion: Beyond FCRA, raise demand via govt spending & more")
Baring to take Hexaware private, accepts exit price of Rs 475 per share
The private equity major may have to spend as much as Rs 5,400 crore to buy out the entire 37.9 per cent stake from public shareholders
 "Baring to take Hexaware private, accepts exit price of Rs 475 per share")
Managing risk
Debt fund managers need better due diligence models
 "Managing risk")
Investment advisers to ensure client-level division of distribution: Sebi
These amendments will come into force from September 30
 "Investment advisers to ensure client-level division of distribution: Sebi")
Sebi rationalises eligibility criteria, disclosure norms for rights issue
Sebi has decided to amend ICDR (Issue of Capital and Disclosure Requirements) Regulations to this effect, the regulator said in a statement.
New procedure on promoters' PAN applies under takeover norms also: Sebi
Earlier this month, the regulator put in place a detailed procedure for system-driven disclosures under the PIT (Prohibition of Insider Trading) Regulations