Page 311 - Latest Updates on SEBI
HNIs curb flows to long-short AIFs as higher taxation pinches
Sebi data shows that commitments raised by category-III AIFs in September quarter were down 10% QoQ
 "HNIs curb flows to long-short AIFs as higher taxation pinches")
HDFC AMC takes 35% markdown on Simplex exposure after rating falls to 'D'
HDFC Credit Risk Fund had Rs 124 crore of exposure to the NCDs of the company
 "HDFC AMC takes 35% markdown on Simplex exposure after rating falls to 'D'")
Karvy: Clients of commodity arm knock on bourses' doors over payment delay
Karvy group's commodity broking arm, too, is facing a liquidity crisis because of some issues related to NCDEX
 "Karvy: Clients of commodity arm knock on bourses' doors over payment delay")
Sebi bans Research Infotech's proprietor Bagga from capital market
A Sebi probe found that Bagga had carried out unregistered investment advisory activities from March 2013 to September 2015 before obtaining registration
 "Sebi bans Research Infotech's proprietor Bagga from capital market")
Importance is given to all complaints, even anonymous ones, says Sebi
It may not be able to handle complaints that are not specific or substantiated or verifiable, Sebi said
Karvy fiasco: Axis Bank moves SAT; tribunal to hear petition today
In its plea, Axis Bank has also made Central Depository Services as one of the respondents, along with NSDL and Sebi.
 "Karvy fiasco: Axis Bank moves SAT; tribunal to hear petition today")
Co-location case: Sebi needs to prove basis for disgorgement, NSE tells SAT
The counsel argued that the exchange should have also been given chance to explain its position on the disgorgement order
 "Co-location case: Sebi needs to prove basis for disgorgement, NSE tells SAT")
Firms can file papers for issues worth Rs 750 cr at regional offices: Sebi
Till now, merchant bankers on behalf of the companies were allowed to file the papers for issues worth up to Rs 500 crore with regional office of Sebi concerned.
Investors' body calls for better performance disclosures by PMS providers
Also wants additional action against vanishing companies, says at least 752 firms that raised money from investors can no longer be traced
 "Investors' body calls for better performance disclosures by PMS providers")
Karvy scandal fallout: Brokers fear escalation of compliance costs
Market regulator Sebi is expected to further tighten regulatory framework for brokerages
SBI under-reported its FY19 NPAs by Rs 11,932 crore, find RBI auditors
As a result, the bank's reported profit of Rs 862 crore for the fiscal year now stands at a loss of Rs 6,968 crore
 "SBI under-reported its FY19 NPAs by Rs 11,932 crore, find RBI auditors")
Sebi provides breather for MFs with over 10% exposure to group firms
Sebi has asked all asset management companies to publish on their respective websites a list of their group companies and those of their sponsor
V S Sundaresan takes charge as executive director of markets regulator Sebi
Prior to the promotion, Sundaresan was working as chief general manager in enquiries and adjudication department of the Securities and Exchange Board of India
Sebi exempts Somany Ceramics promoter trusts from making open offer
As per the regulatory norms, the proposed acquisition will attract the obligation to make open offer under the Takeover Regulations.
 "Sebi exempts Somany Ceramics promoter trusts from making open offer")
Cannot take action against MII as complainant not reachable, says Sebi
The purported whistleblower shared his unsubstantiated allegations with various media houses, some of which taking cognisance of his allegations printed articles without any evidence
BMA Wealth investors stage protests, demand Karvy-like refund action
Investors said while Sebi acted swiftly in the case of Karvy, it has done nothing to address their problem
 "BMA Wealth investors stage protests, demand Karvy-like refund action")
After Karvy fiasco, brokerages reach out to investors, issue PoA advisories
Karvy is alleged to have gone beyond by using its client securities to raise money for its other businesses, including real estate
 "After Karvy fiasco, brokerages reach out to investors, issue PoA advisories")
Karvy Stock Broking scandal: Sebi unlikely to provide relief to lenders
SAT has directed Sebi to pass an order on the matter by December 12. Sebi's circular in June had said clients' securities that were pledged must be unpledged and returned to them
Letter to BS: Sebi must work to safeguard retail investors' interests
It is imperative to conduct a thorough probe into the granting of loan against third party shares belonging to the retail investors
Sebi gives LIC, SBI, BoB until Dec 2020 to bring UTI AMC stake below 10%
LIC, SBI and BoB are also sponsors of UTI AMC and hold more than 10 per cent stake individually in the AMC and trustee company of UTIMF