Page 48 - Latest Updates on SEBI
Upcoming IPO: PNGS Reva Diamond Jewellery files DRHP with Sebi; details
PNGS Reva Diamond Jewellery aims to raise ₹450 crore through the public offering, which comprises an entirely fresh issue of equity shares with a face value of ₹10 apiece
 "Upcoming IPO: PNGS Reva Diamond Jewellery files DRHP with Sebi; details")
Sebi unveils settlement scheme for NSEL brokers facing regulatory action
This long-awaited move is expected to bring major relief to traders whose funds have been stuck since the NSEL payment crisis in July 2013
 "Sebi unveils settlement scheme for NSEL brokers facing regulatory action")
Sebi eases ESOP rules for startup founders ahead of IPO plans
The move addresses a long-standing concern under existing rules, which bar promoters from holding share-based benefits like ESOPs and require them to liquidate such holdings before the IPO
 "Sebi eases ESOP rules for startup founders ahead of IPO plans")
Initial review of IndusInd and Gensol to be over in 6 months: ICAI
ICAI's FRRB reviewing financials of IndusInd Bank and Gensol Engineering; summit series planned; early warning signs of fraud under review with Sebi and NSE
 "Initial review of IndusInd and Gensol to be over in 6 months: ICAI")
Sebi proposes allowing all KYC agencies to act as accreditation bodies
On faster onboarding of accredited investors, Sebi suggested allowing AIFs to on-board investors as accredited investors on the basis of the AIF managers' due diligence
 "Sebi proposes allowing all KYC agencies to act as accreditation bodies")
Sebi asks portfolio managers to remove exaggerated advertisements
In a letter sent to the association of portfolio managers, Sebi directed them to adhere to the code of conduct
 "Sebi asks portfolio managers to remove exaggerated advertisements")
Block deal window: Sebi unlikely to revise rules despite elusive deals
Narrow price band of 1% hinders deal execution
 "Block deal window: Sebi unlikely to revise rules despite elusive deals")
Sebi bans Sanjiv Bhasin, 11 others for stock manipulation, fraudulent gains
In its 149-page interim order, Sebi noted that Bhasin was a well-known media guest expert with a huge following on social media
Sebi nod for Tuesday, Thursday expiry of derivatives contracts on NSE, BSE
This marks a swap from the current schedule, where NSE conducts F&O (Futures & Options) expiry on Thursdays and BSE on Tuesdays
 "Sebi nod for Tuesday, Thursday expiry of derivatives contracts on NSE, BSE")
Sunshine Pictures, Lumino, M&B Engineering secure Sebi nod for IPOs
The three firms, which filed their preliminary IPO papers with Sebi during January-February, obtained their observations between June 9 and June 13
 "Sunshine Pictures, Lumino, M&B Engineering secure Sebi nod for IPOs")
Sebi board likely to discuss regulatory reforms at Wednesday meeting
Several of these proposals have already been floated for public consultation, indicating a broader push towards refining the regulatory landscape
 "Sebi board likely to discuss regulatory reforms at Wednesday meeting")
Sebi proposes periodic disclosure mandate for securitised debt issuers
The move is part of Sebi's efforts to improve transparency and investor protection in the securitisation market
 "Sebi proposes periodic disclosure mandate for securitised debt issuers")
Waterways Leisure Tourism files DRHP for ₹727 crore IPO; check details here
Waterways Leisure Tourism IPO is entirely a fresh issue of shares up to ₹27 crore with no offer for sale (OFS) component
 "Waterways Leisure Tourism files DRHP for ₹727 crore IPO; check details here")
More relaxations on cards in Tuhin Kanta Pandey's second Sebi board meet
FPIs investing g-secs to get easier; voluntary delisting for low-float PSUs; facilitating co-investments in AIFs
 "More relaxations on cards in Tuhin Kanta Pandey's second Sebi board meet")
Sebi resolves over 4,400 complaints through SCORES portal in May
The regulator received 4,793 fresh complaints in the month and a total of 4,563 complaints remained unresolved at the end of May, slightly higher than 4,263 complaints that were pending as of April
Sebi WTM raises concerns on valuation of assets, calls for CFO vigilance
At the ETCFO NextGen Summit, Sebi's Ananth Narayan urges CFOs to ensure transparency in asset valuation, warning that broken trust can severely damage capital markets
Sebi urges CFOs to shorten gap between results and annual reports
Narayan pointed out the rapid growth of India's securities market ecosystem, which has expanded from 4.2 crore unique investors in March 2020 to 13 crore at present
Rayzon Solar to file draft papers with Sebi for Rs 1,500 crore IPO
According to the people familiar with the plan, the company is looking to raise funds through fresh issuance of equity shares and proceeds are expected to be used for for its expansion plans
 "Rayzon Solar to file draft papers with Sebi for Rs 1,500 crore IPO")
Curbing frauds: Sebi brings more checks for investors via valid UPI handle
Investors will be able to authenticate if the entity receiving the payment is a valid entity under the ambit of Sebi
 "Curbing frauds: Sebi brings more checks for investors via valid UPI handle")
Sebi mandates minimum two yearly PAC meetings for commodity exchanges
Based on representations from market participants and following deliberations by Sebi's Commodity Derivatives Advisory Committee (CDAC), the regulator has revised the meeting frequency