Page 279 - Latest Updates on SEBI
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.
 "Sebi rationalises eligibility criteria, disclosure norms for rights issue")
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
Top headlines: Mistrys eye huge windfall; Sebi to prescribe MF stress test
Top headlines: Mistrys eye huge windfall; Sebi to prescribe MF stress test
 "Top headlines: Mistrys eye huge windfall; Sebi to prescribe MF stress test")
Consolidation among brokers: Top 10 account for 55.9% of cash turnover
The top ten brokers accounted for 55.9 per cent of the BSE cash segment turnover as per the latest July data
 "Consolidation among brokers: Top 10 account for 55.9% of cash turnover")
IL&FS case: Sebi raises penalty to Rs 1 crore each on ICRA, CARE
In December 2019, Sebi imposed fine of Rs 25 lakh each ICRA and CARE Ratings in the matter saying the default by IL&FS occurred due to "lethargic indifference and needless procrastination and laxity"
 "IL&FS case: Sebi raises penalty to Rs 1 crore each on ICRA, CARE")
Sebi to prescribe stress tests, liquid holdings for debt mutual funds
This is aimed at improving liquidity in all schemes and would help schemes to meet sudden redemption pressures, said chairman Ajay Tyagi
 "Sebi to prescribe stress tests, liquid holdings for debt mutual funds")
Sebi bars 12 DHFL promoters from accessing securities for violating norms
They have also been restrained from associating themselves as directors or promoters of any listed public company or associating with any intermediary registered with Sebi, the regulator said
SEBI may issue norms for minimum holding in liquid assets for MFs
Tyagi also noted that the mutual fund industry, however, also went through several patches of challenges, especially on the debt mutual fund side
No compulsion to invest in mid/small caps; be 'true to label': SEBI chief
On September 11, SEBI said that multi-cap funds will now invest minimum 75 per cent of total assets in equities with 25 per cent each in large cap, mid cap and small cap companies
 "No compulsion to invest in mid/small caps; be 'true to label': SEBI chief")
Narayana Murthy bats for external probe into whistleblower complaints
Says Sebi must blacklist board members, officials found guilty
 "Narayana Murthy bats for external probe into whistleblower complaints")
Sebi revises guidelines for writing off securities by foreign investors
For the write off, the process prescribed in the operational guidelines has to be complied with, Sebi added
Sebi must blacklist officials found guilty of governance deficit: Murthy
Murthy also asserted that shareholders must also be provided access to full details of the investigation carried out after any whistleblower complaint
 "Sebi must blacklist officials found guilty of governance deficit: Murthy")
Large-cap concentration much higher in India than US, shows data
The top 100 stocks in India account for 77.3 per cent of the Nifty 500 index. In US, the top 100 stocks account for 71.2 per cent of market capitalisation of the S&P 500 index
 "Large-cap concentration much higher in India than US, shows data")
Street signs: Sebi NAV rule, more bumper listings on the cards, and more
Market players believe the new Sebi rule on net asset values (NAVs) will help capture the transactions on both asset and liability sides without any lag
 "Street signs: Sebi NAV rule, more bumper listings on the cards, and more")
IT stocks are a good bet even at the current levels: Naveen Kulkarni
IT stocks were expected to re-rate and that is happening now.
 "IT stocks are a good bet even at the current levels: Naveen Kulkarni")
Trustees, asset managers in a bind over Sebi diktat on appointing officer
The August 10 circular mandates trustees to appoint a dedicated officer to assist them in their work
 "Trustees, asset managers in a bind over Sebi diktat on appointing officer")
India's market capitalisation nears peak after broader market rally
Though the rally has eased slightly, the m-cap is only 1% shy of a record, despite Nifty being down 6% from its all-time high reached in January
 "India's market capitalisation nears peak after broader market rally")
Focused funds: Volatile but fund manager can mitigate portfolio risk
By doing rigorous research on her limited holdings, the fund manager can mitigate portfolio risk
 "Focused funds: Volatile but fund manager can mitigate portfolio risk")
Britannia Industries settles case with Sebi, pays over Rs 46 lakh
Britannia Industries has paid over Rs 46 lakh to Sebi to settle a case of alleged failure to carry out due diligence before giving effect to transmission of shares and issuance of demand draft