Page 57 - Latest Updates on SEBI
Bombay HC stays FIR against ex-Sebi chief Madhabi Puri Buch, others
The order was passed by a single bench of Justice Shivkumar Dige, who noted that the special court's order of March 1 was passed mechanically, without going into the details
 "Bombay HC stays FIR against ex-Sebi chief Madhabi Puri Buch, others")
Bombay High Court to hear Sebi plea in Cals Refineries case on March 4
The application by litigant Sapan Shrivastava alleged fraudulent listing of Cals Refineries on the stock exchange in connivance with the regulatory authorities
 "Bombay High Court to hear Sebi plea in Cals Refineries case on March 4")
New Sebi chief Tuhin Kanta Pandey looks to address employee concerns
"It's heartening to see the chairman address employees on his first full day, discussing concerns around targets and KRAs," said a source privy to the development
 "New Sebi chief Tuhin Kanta Pandey looks to address employee concerns")
Sebi extends deadline for reporting differential rights issues by AIFs
A one-time reporting requirement was set for AIFs that filed their Private Placement Memorandum (PPM) with Sebi on or after March 1, 2020, and issued differential rights outside standard guidelines
 "Sebi extends deadline for reporting differential rights issues by AIFs")
Sebi permits all NBFCs, HFCs to invest in security receipts by ARCs
This has widened the scope of participants who can acquire security receipts from ARCs, thereby boosting liquidity in the distressed asset market
 "Sebi permits all NBFCs, HFCs to invest in security receipts by ARCs")
HC asks ACB not to act till Mar 4 on FIR order against ex-Sebi chief
The bench said it would hear the pleas on Tuesday (March 4) and orally added that until then, the state ACB, which was directed to probe the case, shall not act upon the special court order
 "HC asks ACB not to act till Mar 4 on FIR order against ex-Sebi chief")
Upcoming IPO: Pranav Constructions files DRHP with Sebi; details here
The public offering, as outlined in the DRHP, comprises a fresh issue of equity shares of up to Rs 392 crore, with an offer-for-sale (OFS) of up to 2.85 million equity shares
 "Upcoming IPO: Pranav Constructions files DRHP with Sebi; details here")
Madhabi Buch, 3 Sebi directors move Bombay HC to quash FIR in fraud case
Bombay HC will hear Sebi and BSE officials' plea on March 4 against an FIR order in the 1994 Cals Refineries stock fraud case, which was issued just two days after Buch's tenure ended
Sebi's combo mutual fund-insurance plan likely to hit a roadblock
With multiple operation challenges, idea falls out of favour with MFs
Street signs: Downward spiral threatens stability, heavyweights on a diet
Getting added to the futures and options (F&O) segment is usually a win for stocks, lifting their chances of joining key indices and attracting passive inflows
 "Street signs: Downward spiral threatens stability, heavyweights on a diet")
Sebi to challenge court order on alleged listing permission irregularities
ACB Court directs filing of FIR against former chairperson Buch, three current WTMs
 "Sebi to challenge court order on alleged listing permission irregularities")
Mumbai court orders FIR against ex-Sebi chief Madhabi Puri Buch, 5 others
According to the complainant, Sebi officials permitted the listing of a company that failed to meet regulatory norms, leading to market manipulation and investor losses
 "Mumbai court orders FIR against ex-Sebi chief Madhabi Puri Buch, 5 others")
Excelsoft Technologies files IPO papers with Sebi to raise Rs 700 cr
With over two decades of experience, Excelsoft provides technology-based solutions across diverse learning and assessment segments through long-term contracts with enterprise clients worldwide
 "Excelsoft Technologies files IPO papers with Sebi to raise Rs 700 cr")
Meir Commodities files draft papers with Sebi to raise funds through IPO
Proceeds from the fresh issue to the extent of Rs 48.75 crore will be used for funding working capital requirements and general corporate purposes
 "Meir Commodities files draft papers with Sebi to raise funds through IPO")
Economic affairs secretary Ajay Seth gets additional charge of revenue dept
The vacancy was necessitated following the appointment of revenue secretary Tuhin Kanta Pandey as the chairman of the Securities and Exchange Board of India (Sebi) on February 27
 "Economic affairs secretary Ajay Seth gets additional charge of revenue dept")
Technology, teamwork, transparency & trust: New Sebi chief's mantra
Tuhin Kanta Pandey on Saturday assumed charged as the new Sebi chief
 "Technology, teamwork, transparency & trust: New Sebi chief's mantra")
Tuhin Kanta Pandey assumes charge as Sebi chairperson for 3 years
An IAS officer from the 1987 Odisha cadre, he has been serving as the Finance Secretary and Secretary of the Department of Revenue; his tenure will span three years from the date he assumes office
 "Tuhin Kanta Pandey assumes charge as Sebi chairperson for 3 years")
Markets to policy: 11 challenges for new Sebi chief Tuhin Kanta Pandey
The regulator's 11th chairman will have to balance the interest of investors and policy changes
 "Markets to policy: 11 challenges for new Sebi chief Tuhin Kanta Pandey")
North Block to Sebi's hot seat: Market's new watchman Tuhin Kanta Pandey
Pandey's tenure as the DIPAM secretary also saw the public listing of Life Insurance Corporation of India and the government moving away from disclosing disinvestment targets
 "North Block to Sebi's hot seat: Market's new watchman Tuhin Kanta Pandey")
Sebi modifies guidelines on nomination facilities in securities market
On nomination opt-out, Sebi said that investors with single holdings can choose to opt out of nomination either online or offline
 "Sebi modifies guidelines on nomination facilities in securities market")