Page 8 - Latest Updates on SEBI
Trading volumes not back to their peak, green shoots emerging: Gaurav Seth
Sebi's tighter derivative norms initially hit F&O trading volumes but confidence, new strategies and improved market sentiment are now aiding a gradual recovery, says Seth
 "Trading volumes not back to their peak, green shoots emerging: Gaurav Seth")
Let some capital flow out, so more can flow in: Why this matters
India has made the first leg very efficient; the next phase should be to gradually strengthen the second and third
 "Let some capital flow out, so more can flow in: Why this matters")
Sebi comes out with modalities for migration of AIFs into AI-only scheme
This migration is subject to obtaining positive consent from all the investors and meeting the respective conditions, Sebi said in its circular
Sebi overhauls merchant banker rules; introduces capital adequacy framework
Under the new rule, Sebi has allowed merchant bankers to undertake activities falling outside its purview under the same firm subject to certain conditions
Sebi launches return verification agency to curb misselling in investments
Genome Valley-based ATGC Biotech and Israel's Luxembourg Industries have formed Semiophore, a 50:50 JV, to commercialise 18 pheromone and semiochemical crop solutions globally
 "Sebi launches return verification agency to curb misselling in investments")
RBI examines Sebi plan on banks in non-agri commodity derivatives: Governor
RBI Governor Sanjay Malhotra says Sebi's move to let banks enter non-agri commodity derivatives requires amending the Banking Regulation Act and is under review after a prior rejection
 "RBI examines Sebi plan on banks in non-agri commodity derivatives: Governor")
Avadhut Sathe Academy to challenge Sebi order, denies allegations
Avadhut Sathe Trading Academy says it functions purely as a training institution and does not offer stock tips or advisory services. It plans to challenge Sebi's interim order
 "Avadhut Sathe Academy to challenge Sebi order, denies allegations")
Sebi gives RIIT in-principle InvIT nod, allows 6 months for compliance
Last month, NHAI incorporated Raajmarg Infra Investment Managers Pvt. Ltd. (RIIMPL) as the investment manager for RIIT
 "Sebi gives RIIT in-principle InvIT nod, allows 6 months for compliance")
Senior IRS officer Sandip Pradhan takes charge as Sebi whole-time member
Pradhan, a 1990-batch IRS officer, was until recently director general of income tax (investigation) in Pune, where he handled major tax investigations and compliance enforcement
Who is Avadhut Sathe, finfluencer banned by Sebi for unregistered advisory?
Sebi has barred finfluencer Avadhut Sathe and his trading academy from markets, alleging they ran an unregistered advisory scheme that misled over three lakh investors and earned unlawful gains
 "Who is Avadhut Sathe, finfluencer banned by Sebi for unregistered advisory?")
Sebi impounds ₹546 cr, bars Avadhut Sathe academy for alleged violations
Sebi has barred Avadhut Sathe Trading Academy and impounded Rs 546 crore, alleging the outfit offered unregistered stock advice under the guise of education and misled participants
Less paperwork, more investment: Sebi launches single-window entry for FPIs
The low risk foreign investors identified by Sebi include government-owned funds, central banks, sovereign wealth funds, multilateral entities, highly regulated public retail funds
 "Less paperwork, more investment: Sebi launches single-window entry for FPIs")
Sebi introduces single window gateway for low risk foreign investors
According to two separate notifications dated December 1, Sebi introduced the SWAGAT-FI framework for FPIs and Foreign Venture Capital Investors (FVCIs)
SAT reverses Sebi decision, okays Ketan Parekh's cross-examination
In January, Sebi had issued an ex parte interim order-cum-show cause notice against 22 entities, including Salgaocar (the appellant) and Parekh
 "SAT reverses Sebi decision, okays Ketan Parekh's cross-examination")
Nifty Bank rejig trims HDFC and ICICI Bank heft; shares fall 1.25%
Outflows of over $300 million each
 "Nifty Bank rejig trims HDFC and ICICI Bank heft; shares fall 1.25%")
SC rejects RIL plea against ₹30L fine for not disclosing Jio-FB deal
Bench says "bigger the company, greater the responsibility," dismisses appeal over 2020 insider trading violation
 "SC rejects RIL plea against ₹30L fine for not disclosing Jio-FB deal")
SC rejects Reliance plea over ₹30 lakh fine for not disclosing Jio-FB deal
In June 2022, Sebi imposed a penalty of ₹30 lakh on Reliance Industries for not making a prompt clarification to stock exchanges regarding the Jio-Facebook deal
 "SC rejects Reliance plea over ₹30 lakh fine for not disclosing Jio-FB deal")
Bombay High Court dismisses petition against WeWork India IPO approval
The petition alleged that WeWork India reported heavy losses and a negative net worth while presenting an overly optimistic growth outlook without adequately disclosing associated risks
 "Bombay High Court dismisses petition against WeWork India IPO approval")
Sebi drops adjudication proceedings against Nuvama Wealth and Investment
Regulator finds lapses not serious enough for penalty
Sebi to simplify offer document summaries to aid investor clarity
This move will also dispense with the Abridged Prospectus, thereby easing compliance requirements for issuers, he added