Page 52 - Latest Updates on SEBI
IPO Alert! Prestige Hotel Ventures files draft papers with Sebi; details
Prestige Hotel Ventures has filed its draft papers with market regulator Sebi to raise funds via IPO
 "IPO Alert! Prestige Hotel Ventures files draft papers with Sebi; details")
Settle a Sebi case? You can't claim it as a business expense anymore
The Income Tax Department has ruled that businesses can no longer claim tax deductions for settlements or penalties paid under four key laws, including the SEBI and Competition Acts.
 "Settle a Sebi case? You can't claim it as a business expense anymore")
Secretarial auditor appointments to be for at least five years: Sebi
The regulator has stated that the tenure of appointment of a secretarial auditor cannot be for a period less than five years
 "Secretarial auditor appointments to be for at least five years: Sebi")
Sebi imposes Rs 10 lakh penalty on Future Retail for disclosure gaps
The information should have been disclosed within 24 hours of the event -- on or before October 6, 2020 -- as required under the LODR (Listing Obligations and Disclosure Requirements) rules
 "Sebi imposes Rs 10 lakh penalty on Future Retail for disclosure gaps")
Taxpayers barred from claiming deductions on Sebi, CCI settlement costs
The four laws are the Securities and Exchange Board of India Act, 1992; the Securities Contracts (Regulation) Act, 1956; the Depositories Act, 1996; And the Competition Act, 2002
 "Taxpayers barred from claiming deductions on Sebi, CCI settlement costs")
Sebi tweaks framework for ESG rating providers using subscriber-pays model
Further, all comments or clarifications received from the rated entity within the specified timeline will be included in the addendum to the ESG rating report by the ERP
 "Sebi tweaks framework for ESG rating providers using subscriber-pays model")
Sebi bars Madhav Stock Vision, five others for alleged front-running
MSVPL has been restrained from buying, selling or dealing in securities in its proprietary account
 "Sebi bars Madhav Stock Vision, five others for alleged front-running")
BluSmart appoints Grant Thornton for forensic audit following Sebi scrutiny
BluSmart Co-founder Anmol Jaggi has been accused of misappropriating funds meant for electric vehicle purchases for personal gain
 "BluSmart appoints Grant Thornton for forensic audit following Sebi scrutiny")
Sebi revises NAV cut-off timings for MF overnight scheme redemptions
For applications received up to 3 pm, the closing NAV of day immediately preceding the next business day will be applicable. For applications received after 3 pm
 "Sebi revises NAV cut-off timings for MF overnight scheme redemptions")
Sebi circular on frauds: Verify registration before taking investment tips
Anyone claiming to be a Sebi-registered investment advisor or research analyst must provide a valid registration number
Sebi may extend relief to NCDs from sending physical financial statements
The move is in line with the Ministry of Corporate Affairs' (MCA) decision to extend similar relaxations until September 30
 "Sebi may extend relief to NCDs from sending physical financial statements")
Sebi extends auto trading window rules to kin of designated persons
This move aims to prevent inadvertent non-compliance with insider trading norms by ensuring that those who may have access to unpublished price-sensitive information
 "Sebi extends auto trading window rules to kin of designated persons")
Govt to take necessary action in Gensol case after examining Sebi's order
Last week, Sebi barred the company's promoters Anmol Singh Jaggi and Puneet Singh Jaggi from the securities market for various violations
 "Govt to take necessary action in Gensol case after examining Sebi's order")
BSE shares reach new life-time high, zoom 71% from March low
Since March 28, the stock price of BSE has appreciated by 34% after the NSE deferred its plan to change the day of expiring of its contracts from Thursday to Monday.
 "BSE shares reach new life-time high, zoom 71% from March low")
Gensol Engineering shares hit back-to-back lower circuits; here's why
Gensol Engineering shares fell for the eighth straight session after the company's promoters were alleged of getting involved in fraudulent fund diversification
 "Gensol Engineering shares hit back-to-back lower circuits; here's why")
Eversource looks to buy BluSmart for ₹800-1K cr, seeks Jaggi brothers' exit
The deal, if completed, would value BluSmart at least 60 per cent below its last known valuation
 "Eversource looks to buy BluSmart for ₹800-1K cr, seeks Jaggi brothers' exit")
Alternative investment funds tell Sebi: One exam doesn't fit all
Push for a category split in certification as clock ticks down
 "Alternative investment funds tell Sebi: One exam doesn't fit all")
Sebi finds only 2-3 labourers, no EV production at Gensol's Pune unit
When probed by Sebi regarding the basis of such valuation of Rs 350 crore, Gensol failed to submit any explanation or rationale
 "Sebi finds only 2-3 labourers, no EV production at Gensol's Pune unit")
From 96% holding to a sliver: How Gensol promoters made swift exit
Sebi order alleges misleading disclosures, fraudulent trades, fund diversions helped promoters offload their stake onto unsuspecting investors
 "From 96% holding to a sliver: How Gensol promoters made swift exit")
Sebi investigation into BluSmart likely to slow Uber's EV push in India
Uber's EV ambitions in India are focused on accelerating the shift to zero-emission mobility, with a goal of electrifying every ride on its platform by 2040
