This follows the submission by brokers to the regulator requesting such measures following lockdown. Many brokers finding it difficult to call even bare minimum staff required in office
Recent Sebi move, drop in securities' prices contribute to the fall
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It may be noted that Ashok Leyland decided to acquire 9% stake in HLFL as against its original plan to acquire 19%
It further added that "the head office/ regional offices/ local offices of Sebi shall also function with minimum number of employee."
Investors have already swamped the government and Sebi with such demands as stocks of several companies have taken a beating
This prompted industry body Association of National Exchanges of Members of India to write the authorities.
In October last year, Infosys had informed stock exchanges of having received anonymous whistleblower complaints alleging certain unethical practices by the top management
Finance Minister Nirmala Sitharaman also tweeted about Sebi's move to ease the compliance requirement for listed companies.
Sebi release also hints that authorities intend to keep the markets open despite demands to keep it close to prevent it from falling
Anmi has urged Sebi to explicitly declare brokers under essential services to enable them to work smoothly
This comes after 75 districts across all India were put on total lockdown in the wake of coronavirus pandemic
Sebi has also introduced limits on open positions for going short or long in index derivatives
The Reserve Bank of India has announced that it will conduct open market operations for Rs 30,000 crore in two tranches. However, any real relief for investors will come only after negative news stops
The Reserve Bank of India has announced that it will conduct open market operations for Rs 30,000 crore in two tranches. However, any real relief for investors will come only after negative news stops
Counters such as NCC, Indiabulls Housing Finance, Jindal Steel & Power, Just Dial, Adani Enterprises, Canara Bank, etc. would likely be immediately placed in the ban period for derivatives trading.
Sebi's action pragmatic, but will not change market reality
On Friday, the state government announced that all non-essential services, including private offices and stores in Mumbai, Pune and Nagpur would remain shut till March 31
Market participants attribute this to regulatory tightening and standardisation of margin requirements, stringent reporting for brokers, and segregation of client funds
Sebi has put default benchmark rate at zero for certain ratings, tenures