Page 312 - Latest Updates on SEBI
Sebi not to act on complaints without documents, identity disclosure
The Securities and Exchange Board of India (Sebi) in a statement said, it will not take any action on complaints, where it is not able to reach back to the complainants
 "Sebi not to act on complaints without documents, identity disclosure")
Sebi proposes tighter disclosure, performance reporting norms for AIFs
The benchmarking report would have to be provided along wherever the performance of the AIF is disclosed
 "Sebi proposes tighter disclosure, performance reporting norms for AIFs")
Sebi scans matrimonial website to nail fraudster in front-running case
Bars Fidelity employee and family members from stock market for allegedly pocketing illegal gains
Ahankar-mukt leadership
Just watch political leaders across the world - the debilitating effects of power are so visible
 "Ahankar-mukt leadership")
Sebi didn't want to get into turf war over regulating auditors: Ajay Tyagi
Regulator within its rights to take action against audit firms, says Sebi Chairman
 "Sebi didn't want to get into turf war over regulating auditors: Ajay Tyagi")
No question of turf wars, working in the interest of investors: Sebi chief
In November, the Supreme Court stayed a SAT order which had held that Sebi does not have the power to bar auditors
 "No question of turf wars, working in the interest of investors: Sebi chief")
SAT asks NSE to take a decision on Karvy's licence suspension by Friday
This comes after Karvy moved to SAT against the NSE's directive which suspended the broker's licence on Monday due to non-compliance of regulatory provisions of the exchange
 "SAT asks NSE to take a decision on Karvy's licence suspension by Friday")
Top 10 business headlines: Tax mop-up contracts, BPCL stake sale and more
From cars to cost more in new year, Sebi giving time to six brokers to wind up clients to NTPC planning to expand in its renewables capacity, Business Standard bring you the top headlines of the day
 "Top 10 business headlines: Tax mop-up contracts, BPCL stake sale and more")
Karvy crisis: Sebi gives time to six brokers to wind up client accounts
Sebi wants these brokers to remove the pledges and return the shares to the clients (those who paid the dues)
ICICI Venture, four others pay over Rs 5.2 cr to settle case with Sebi
In its settlement order, the regulator said the pending adjudication proceedings initiated against the entities through show-cause notices are disposed of
 "ICICI Venture, four others pay over Rs 5.2 cr to settle case with Sebi")
Sebi denies Karvy's plea to use PoA, cites illegal transfer of client money
The markets watchdog further said clients of Karvy who seek to sell securities through the broker may do so by using electronic or physical Delivery Instruction Slip only
ICICI Venture Funds, 4 others pay over Rs 5.2 cr to settle case with Sebi
India Advantage Fund III, India Advantage Fund IV, Dynamic India Fund III and Dynamic India Fund IV are the other four entities besides ICICI Venture Funds Management that have settled the case
90% Karvy investors get back their securities due to prompt Sebi action
Of the 95,000 clients, nearly 83,000 of them have got back their securities, which were illegally transferred by the KSBL to its own account
No interim relief for Karvy as Sebi refuses permission to enrol new clients
The Securities and Exchange Board of India (Sebi) order also highlighted the alleged misuse of power of attorney (PoA) by Karvy
Lessons from Karvy fiasco: Solution lies in better implementation of rules
What's required is proper implementation of the rules and better coordination between market intermediaries such as stock exchanges and clearing members who play a key role in monitoring brokerages
How Sebi's new rules have changed the risk-return profile of PMS schemes
Fewer investors mean you will get more time with the portfolio manager and will be able to understand his investment strategy better; but there are downsides too
 "How Sebi's new rules have changed the risk-return profile of PMS schemes")
New Sebi framework to strengthen issuances of depository receipts
Experts believe that issuing DRs has the added benefit of increasing the share's liquidity while boosting the company's prestige on its local market
Firms with over 75% promoter shareholding number over 70
The Securities and Exchange Board of India requires listed companies to maintain no more than 75 per cent public shareholding
 "Firms with over 75% promoter shareholding number over 70")
HDFC MF front-running case: Sebi slaps Rs 8.7 mn fine on 7 firms
In its latest order passed on Thursday, Sebi noted that the entities have disgorged the ill-gotten profits made by them along with interest in compliance with disgorgement orders
Misuse of client funds: SAT asks Sebi to review order issued against Karvy
The Sebi counsel informed the tribunal about the forensic audit initiated against the brokerage