Page 5 - Capital Markets

Sebi penalises YES Securities for wrong reporting of margin, discrepancies

Capital markets regulator Sebi has imposed a penalty of Rs 5 lakh on YES Securities (India) Ltd for wrong reporting of margin and discrepancy in the computation of client's net worth. It has been directed to pay the fine within 45 days, the Securities and Exchange Board of India (Sebi) said in its order. The order came after Sebi, jointly with the Stock exchanges -- NSE, BSE and MCX -- conducted inspection of documents and other records of YES Securities (India) Ltd to verify the possible violation of stock brokers' rule. In its order, Sebi found several violations, including wrong reporting of margin and discrepancy in reporting of net worth of clients by YES Securities, during July 2021 to March 2022. The regulator said the brokerage house sent the retention statements after the prescribed time of five days and also mailed the statements of accounts to wrong email addresses. Further, it was found that the brokerage house had projected a wrong reporting margin of Rs 2,083. In ..

Sebi extends deadline to add nominees for demat account holders till Dec 31

Capital markets regulator Sebi on Tuesday extended the deadline by three months to December-end for existing demat account holders to provide choice of nomination or formally opt out of nomination through a declaration form. Additionally, submission of 'choice of nomination' for trading accounts has been made voluntary by the regulator as a move towards ease of doing business. Earlier, the deadline for existing eligible trading and demat account holders to provide a choice of nomination was on or before September 30. The move is aimed at helping investors to secure their assets and pass them on to their legal heirs. "Based on the representations received from the exchanges, depositories, brokers' associations and various other stakeholders, submission of 'choice of nomination' for trading accounts has been made voluntary as a step towards ease of doing business. "With respect to demat accounts, it has been decided to extend the last date for submission of 'choice of nomination' to

Uttar Pradesh's top cities to tap capital markets with infrastructure bonds

Depending on the success, other development authorities would be nudged to join the bonds bandwagon

Sebi slaps Rs 65 lakh fine on 13 firms for indulging in non-genuine trades

Capital markets regulator Sebi has imposed Rs 65 lakh fine on 13 entities for indulging in non-genuine trades in illiquid stock options segment on the BSE. In 13 separate orders on Wednesday, the regulator slapped a fine of Rs 5 lakh each on Kalyan Devi Bothra, Kalpesh Udani HUF, Kallol Kutir Pvt Ltd, Jyotiben Prakashkumar Shah, Jyoti Patawari, Jyoti Kariwala, Jupiter Industries and Jugmug Sales Pvt Ltd. The other entities to be fined by Sebi were Jitendra Rameshbhai Patel, Jugal Kishore Gupta, Kajal Agarwal, JIT Finance Pvt Ltd and Jayshriben Dhirendrakumar Maniar. The order came after the regulator observed large-scale reversal trades in the illiquid stock options segment on the BSE, leading to artificial volumes on the exchange. Further, the regulator conducted an investigation into the trading activities of certain entities engaged in the segment from April 2014 to September 2015. The entities to be fined were among those who indulged in reversal trades, Sebi said. Reversal t

Micro, macro and geopolitical factors favouring Indian markets: Ajay Saraf

Markets activity will be robust but be careful around large events, says the head of Investment Banking and Institutional Equity at ICICI Securities

Facility of online payments to Sebi's investor protection fund operational

Capital markets regulator Sebi on Wednesday said it has started the mechanism for making online payments to its Investor Protection and Education Fund (IPEF). The use of online only mode has been made mandatory and the facility is now active under the tab "click here to make payment to Sebi IPEF" on the regulator's website. The move is aimed at streamlining the payment process and enhance accessibility for all the contributors to the fund. Intermediaries can now make payments to IPEF conveniently using various payment methods, including net banking, NEFT/RTGS, debit cards, and UPI. Henceforth, the remittances to Sebi IPEF shall be made only through the website link, by providing the requisite information like name of the payer, PAN, mobile number, email ID, the purpose for which payment is made, the amount to be paid, etc, Sebi said in a release. On Monday, the markets regulator came out with a circular that crediting of funds to its IPEF can be done only online and via a link giv

Three IPL teams looking to unlock value by public listing, raising PE funds

A BCCI official said that the teams approached the board for clarity on listing on bourses. At the current moment, the discussions are in the initial stage

Jyoti CNC Automation files papers to raise Rs 1,000 crore via IPO

CNC machine manufacturer Jyoti CNC Automation Ltd has filed preliminary papers with capital markets regulator Sebi to raise Rs 1,000 crore through an initial public offering (IPO). The company's maiden public issue is entirely a fresh issue of equity shares with no offer for sale (OFS) component, according to the draft red herring prospectus (DRHP) filed on Friday. The company may consider a pre-IPO placement of equity shares worth Rs 200 crore. If such placement is undertaken, the size of the fresh issue will be reduced. Proceeds from the issue would be used for debt payment, funding long-term working capital requirements of the company, and general corporate purposes. Jyoti CNC Automation is one of the leading manufacturers of computer numerical control (CNC) machines and has customers in varied sectors. The company's customers include ISRO, BrahMos Aerospace Thiruvananthapuram Ltd, Turkish Aerospace, Uniparts India Ltd, Tata Advances System Ltd, Tata Sikorsky Aerospace Ltd, Bha

Sebi rejigs panel on alternative investment policy; expands to 25 members

Sebi has reconstituted its alternative investment policy advisory committee, which advises the capital markets regulator on a range of issues that impact further development of the AIF space. The committee has now 25 members, as per latest update with the Securities and Exchange Board of India (Sebi). The panel, which was constituted by Sebi in March 2015, had 20 members when it was last rejigged by the regulator in February 2022. Till now, the committee has submitted three reports on the AIF (Alternative Investment Fund) industry. The committee is chaired by Infosys co-founder N R Narayana Murthy. Apart from Murthy, the committee includes members from Sebi, Ministry of Finance, AIF players and industry associations. Sebi has replaced Renuka Ramnath, who was chairperson of Indian Private Equity and Venture Capital Association (IVCA), from the list with the association's new chairman Karthik Reddy. In addition, the regulator has added Rajiv Dhar, who was appointed as Managing Dir

Free float: The market's missing factor

The regulatory definition of public float needs to align with the market practice of free float

Sebi initiates process to hire 2 executive directors, invites application

The appointment of executive director will either be on a deputation or contractual basis, for a period of three years, the regulator said in a public notice

Shares of Angel One tank following action by National Stock Exchanges

NSE said the action against Angel One was for failing to monitor the operations of its APs, which resulted in alleged violation of capital market regulations

Sebi asks CRAs to disclose lists of non-cooperative issuers with them

With an aim to boost transparency, capital markets regulator Sebi on Monday asked credit rating agencies to disclose lists of issuers who are non-cooperative with them. This comes after Sebi observed over the time the number of issuers that are non-cooperative with CRAs (Credit Rating Agencies) have increased, with a vast majority of INC issuers being unlisted and small entities. In this regard, to provide enhanced transparency and information regarding non-cooperative issuers to various stakeholders, market participants and investors, Sebi said, "CRA shall disclose two lists of issuers who are non-cooperative with the CRA, separately for securities that are listed, or proposed to be listed, on a recognised stock exchange, and other ratings." The list would be disclosed in a prescribed format and the disclosure would be updated on a daily basis, the Securities and Exchange Board of India (Sebi) said in a circular. The new circular will be applicable with effect from July 15, 2023,

TVS Credit Services raises Rs 480 crore capital from Premji Invest

The primary capital will be utilised to further strengthen TVS Credit's efforts in expanding its customer base in new markets

Street Signs: A bitter pill for Gland Pharma, Small-cap stock's F&O & more

Capital markets regulator Securities and Exchange Board of India plans to ease a rule that will make fund managers breathe a little easier

Mutual fund investors show bias towards riskier small-cap-oriented schemes

Inflows into small-caps highest among market cap-oriented fund categories in March

Mauritius down; Norway, Singapore gain as FPI destinations in FY23

The total assets under custody (AUC) from Mauritius declined nearly 42 per cent to Rs 3.25 trillion at the end of March 2023, from Rs 5.55 trillion a year ago.

P-notes investment dips to Rs 88,398 cr in Feb amid higher valuation of mkt

Investment in the Indian capital markets through participatory notes dropped to Rs 88,398 crore month-on-month in February amid higher valuation of domestic markets. This was the third consecutive monthly decline in the investment level. Before this, investment through the route had been on an increasing trend since July 2022 because of a slump in the oil and other commodities prices and the relative outperformance of Indian equity markets. Participatory notes (P-notes) are issued by registered Foreign Portfolio Investors (FPIs) to overseas investors who wish to be a part of the Indian stock market without registering themselves directly. They, however, need to go through a due diligence process. According to Sebi data, the value of P-note investments in Indian markets -- equity, debt, and hybrid securities -- stood at Rs 88,398 crore at the end of February compared to Rs 91,469 crore in January-end. Prior to that, the investment level through the route was Rs 96,292 crore at the e

Sebi passes interim orders against entities for stock manipulation via YT

The Sebi in preliminary investigations, identified 46 entities that used the video streaming platform to pump and dump stocks

'Impound Rs 30.6 crore': Sebi diktat in Axis MF front-running case

The regulator ordered the impounding of Rs 30.6 crore - total wrongful gains earned from front-running activities