Page 30 - Latest Updates on SEBI
Tax relief on inherited shares: Sebi floats proposal for smoother transfer
Sebi steps in to clear tax confusion over inherited shares, proposing a fix to stop nominees from being wrongly taxed before passing assets to heirs
 "Tax relief on inherited shares: Sebi floats proposal for smoother transfer")
Sebi proposes lower dilution for mega IPOs, extended MPS timelines
Sebi has proposed easing IPO rules for companies with over ₹5-trn market cap by lowering dilution norms and extending timelines to meet public shareholding requirements
 "Sebi proposes lower dilution for mega IPOs, extended MPS timelines")
CleanMax to raise ₹5,200 cr via IPO; DRHP filed with Sebi for approval
The IPO, with a face value of ₹1, comprises a fresh issue of shares worth up to ₹1,500 crore and an offer-for-sale of up to ₹3,700 crore by promoters and investors
 "CleanMax to raise ₹5,200 cr via IPO; DRHP filed with Sebi for approval")
Sebi mulls glide path to enforce index caps on Nifty Bank, Bankex
In May, Sebi had issued rules capping the weight of the top constituent in such indices at 20 per cent and the combined weight of the top three at 45 per cent
 "Sebi mulls glide path to enforce index caps on Nifty Bank, Bankex")
Seafood startup Captain Fresh files for $400 mn India IPO with Sebi
Captain Fresh has confidentially filed for a $400 million IPO in India, targeting a $1 billion-plus valuation as it expands its tech-driven seafood supply chain platform
 "Seafood startup Captain Fresh files for $400 mn India IPO with Sebi")
Sebi extends deadline for margin pledge implementation to October 10
Once implemented, brokers will no longer need physical or electronic instructions to process un-pledging and delivery
 "Sebi extends deadline for margin pledge implementation to October 10")
Sebi reports spike in settlement pleas; 703 filed, 284 cleared in FY25
Of these 703 settlement applications, the regulator disposed of 284 by passing appropriate settlement orders during the year, while another 272 applications were returned, rejected, or withdran
 "Sebi reports spike in settlement pleas; 703 filed, 284 cleared in FY25")
Sebi plans review of MTF margin rules to streamline risk management
In its annual report for 2024-25, Sebi said a "comprehensive review exercise is being undertaken with respect to the currently applicable margining framework
RSB Retail files for ₹500 crore IPO to boost expansion and repay debt
The proposed IPO comprises a fresh issue of equity shares worth up to Rs 500 crore and an offer for sale of up to 29.8 million shares by existing shareholders
 "RSB Retail files for ₹500 crore IPO to boost expansion and repay debt")
Research analysts fail to keep pace with swelling stock investor base
There's only one RA per 73,000 investors now, as against one per 44,000 before pandemic
 "Research analysts fail to keep pace with swelling stock investor base")
RSB Retail files draft IPO papers with Sebi, seeks to raise ₹1,500 cr
The Hyderabad-based company plans to utilise the net proceeds to the tune of ₹275 crore for payment of debt, ₹118 crore for setting up of new stores
 "RSB Retail files draft IPO papers with Sebi, seeks to raise ₹1,500 cr")
Sebi chief Pandey calls for stronger defence against cyberattacks
Tuhin Kanta Pandey calls for constant vigilance, cyber drills, and strong internal safeguards to protect exchanges and investors from escalating online threats
 "Sebi chief Pandey calls for stronger defence against cyberattacks")
Not just 'friendly critics': Independent directors need more accountability
This era of the sinecure may be changing, however, with Sebi and the courts increasingly holding independent directors liable for corporate malfeasance
 "Not just 'friendly critics': Independent directors need more accountability")
A revolving door for leadership in India's financial sector regulators
With the financial sector maturing, the door to regulatory agencies needs to be opened to a more diverse talent pool
 "A revolving door for leadership in India's financial sector regulators")
Sebi launches investor awareness campaign on AIR to prohibit fraud
To launch this campaign, the first session by Sebi Chairman Tuhin Kanta Pandey would be aired on August 15 on All India Radio channels, which has PAN India reach
 "Sebi launches investor awareness campaign on AIR to prohibit fraud")
Sebi bans Wadhawan brothers for five years in DHFL fund diversion case
Sebi has barred Kapil and Dheeraj Wadhawan from the markets for five years in the DHFL fund diversion case and imposed penalties totalling Rs 120 crore on them and ex-executives
Sebi proposes to add algorithmic trading into stock broker regulations
These proposals come a month after Sebi temporarily barred US-based trading firm Jane Street, citing manipulation of key indexes
Sebi bans DHFL's Kapil Wadhawan, Dheeraj Wadhawan from securities market
Others barred by Sebi include Rakesh Wadhawan, former non-executive chairman; Sarang Wadhawan, ex-non-executive director; Harshil Mehta, joint MD & CEO; and Santosh Sharma, former CFO
Sebi proposes standard code for smooth transfer of securities to heirs
The move seeks to enable proper application of the provisions of the Income Tax Act, 1961
Sebi flags ₹77,800 cr as difficult-to-recover dues in FY25 annual report
Sebi identifies ₹77,800 crore as difficult-to-recover dues, outlines reforms for FPIs, intermediaries, takeover rules, and investor awareness in its FY25 annual report