Page 313 - Latest Updates on SEBI
Sebi brings norms for debt ETFs, issuer to have less than 15% index weight
Under the norms to be adopted by all mutual fund houses, the index will have a minimum of eight issuers, rating of the constituents of the index will be investment grade
 "Sebi brings norms for debt ETFs, issuer to have less than 15% index weight")
Karvy case: SAT asks Sebi to review limited use of power of attorney issue
Sebi's directive had come after the National Stock Exchange forwarded a preliminary report to it on the non-compliances observed with respect to pledging/misuse of client securities by Karvy
Unitech fined Rs 200,000 for incorrect disclosure about shareholding
It was alleged that Unitech made incorrect disclosure about shareholding of some promoters in the quarter ended September 2008 and December 2008
Barings Asia looks to exit investment after Karvy comes under Sebi lens
Indian lenders, which have an exposure of Rs 2,900 crore in Karvy group companies, are taking legal advice on how to enforce the collateral taken from Karvy
 "Barings Asia looks to exit investment after Karvy comes under Sebi lens")
The elephant in the board room
The separation of the roles of the chairman and MD/CEO was bound to be contentious from the time it was mooted. Surprisingly, it took two years for industry to formally raise this issue
 "The elephant in the board room")
Fraudulent trading issue: ICICI Securities settles case with Sebi
ICICI Securities has settled the case by paying over Rs 28 lakh towards settlement charges, the Securities and Exchange Board of India (Sebi) said in a settlement order
 "Fraudulent trading issue: ICICI Securities settles case with Sebi")
Sebi puts Karvy-HNIs nexus under scanner, EY conducts forensic audit
Regulatory sources say their prime objective is to ensure that innocent clients whose funds and securities are stuck with the brokerage are returned safely
 "Sebi puts Karvy-HNIs nexus under scanner, EY conducts forensic audit")
Sebi grants exemption to govt from making open offer to UBI shareholders
The Sebi order for exemption comes following an application filed by the bank in November on behalf of its promoter
 "Sebi grants exemption to govt from making open offer to UBI shareholders")
Sebi allows clearing firms to invest in overnight funds; sets limit at 10%
Overnight funds are open-ended debt mutual fund schemes that invest in securities with a maturity of one day
Sebi exempts govt from making open offer to Canara Bank's shareholders
The central government has proposed to infuse capital worth Rs 6,571 crore in the lender against allotment of equity on preferential basis in favour of it
 "Sebi exempts govt from making open offer to Canara Bank's shareholders")
ICICI Securities settles violation of stock broker norms case with Sebi
Accordingly, the Securities and Exchange Board of India (Sebi) disposed of the adjudication proceedings
 "ICICI Securities settles violation of stock broker norms case with Sebi")
What Karvy Stock Broking has done can't be allowed: Sebi chief Ajay Tyagi
Regulator says looking to tighten related-party transaction norms
 "What Karvy Stock Broking has done can't be allowed: Sebi chief Ajay Tyagi")
Sebi lays guidelines for listed REIT, InvIT on preferential issue
In a circular, the regulator has specified manner of issuance of units under preferential issue as well as institutional placement by listed REIT and InvIT and lock-in period
BSE, NSE issue norms to list commercial papers, bring them under Sebi
Companies, NBFCs, other entities with a networth of at least Rs 100 crore and any other other security specifically allowed by Reserve Bank of India (RBI) are eligible to list commercial papers.
 "BSE, NSE issue norms to list commercial papers, bring them under Sebi")
Karvy Broking's possible default gives investors, bankers the jitters
Market regulator Sebi has barred Karvy Broking from taking on new clients over alleged misuse of clients' securities
Sebi working on norms for related-party transactions, says Ajay Tyagi
Some listed companies, especially due to their family-driven nature, have been found to be wanting on the related-party transactions
Karvy indulged in activities which were never allowed, says Sebi chief
Tyagi said that, in June, Sebi had made its stance 'explicit' through a circular and hinted that there was no case for entities to indulge in such practices before that as well
 "Karvy indulged in activities which were never allowed, says Sebi chief")
Misusing client assets
Sebi must work with exchanges to reassure investors
Karvy crisis: Bankers raise concern with NSE and Sebi over exposure
Karvy's companies have taken close to Rs 2,900 crore from banks, including ICICI Bank, HDFC Bank, and Lakshmi Vilas Bank
Sebi bars Karvy Stock Broking from taking new clients over misuse of funds
On Friday, NSE forwarded a preliminary report to Sebi on the non-compliances observed with respect to the pledging/misuse of client securities by KSBL