Experts said move is expected to improve accountability at proxy advisory firms who have gained clout in influencing how minority shareholders vote on resolutions
The regulator noted that proxy advisors, over the past few years, have played a key role in enabling shareholders to effectively participate in corporate governance decisions
Regulator-appointed firm probing closure of six schemes
Sebi has directed proxy advisors to share their report simultaneously with their clients and the company
The new guidelines would come into force from September 1, the Securities and Exchange Board of India (Sebi) said in a circular.
Regulator has invited applications as part of its plan to beef up the headcount for faster and more effective execution of its job
The virtual museum will engage the audience with creative content through various means
The directions came after Sebi received certain queries from market participants seeking guidance on interpretation of some of the provisions of amended Municipal Regulations
Penalty provision for short-collection, non-collection of upfront margins in cash segment will be implemented effective Sept 1, says regulator
The clarification came after Sebi received representations from investors, expressing concerns that they have not been able to participate in open offers, buybacks
The extension has been granted after Sebi received a representation from the Institute of Company Secretaries of India
For financial sector companies setting up shop in India, as of now the go-to regulators are obviously the Sebi and the Reserve Bank of India
The regulator levied a fine of Rs 50 lakh each on Nilesh Kapadia and Dharmesh Shah, Rs 40 lakh on Ashok Nayak and Rs 60 lakh on IKAB Securities and Investments Ltd.
The quarterly results announcement by Reliance Industries and HDFC will be the major market mover today. Analysts expect a dent in RIL's retail and energy verticals in the June quarter
Finance Minister Nirmala Sitharaman, Commerce Minster Piyush Goyal and Roads and Highways Minister Nitin Gadkari will also be a part of the meeting
The decision has been taken in view of the prevailing situation due to the Covid-19 pandemic and partial lockdowns in various areas of the country
News date set at Sept 15; Sebi has also extended compliance deadline for submission of annual system audit and redressal of investor grievances
The period from March 23 till September 30 shall be excluded for computing the existing timelines for compliance, Sebi said in the circular
From the investor and trader perspective, higher margin with the promise of yet another margin hike by year-end could mean lower trading volumes and lower prices in the cash segment
In addition, the entities have been barred from the capital markets until further orders