Sebi

SC sets aside Sebi's ₹447 crore disgorgement order to Reliance Industries

Supreme Court quashes Sebi's ₹447 crore disgorgement order against RIL in the 2007 RPL futures case, but upholds ₹25 crore penalty for regulatory violations

Sebi fines Suzlon Energy, KMPs ₹29 crore for 'financial misreporting'

Sebi fined Suzlon Energy and key executives over alleged disclosure lapses that misrepresented the company's financial position and risks

SC sets aside SAT order directing RIL to disgorge ₹447 crore

The Supreme Court on Friday set aside an order directing Reliance Industries Ltd (RIL) to disgorge Rs 447.27 crore in a matter relating to the trading of Reliance Petroleum Ltd (RPL) shares in 2007. The apex court partly allowed the appeal filed by RIL challenging a November 2020 order of the Securities Appellate Tribunal (SAT), Mumbai. The SAT, by a 2:1 majority order, dismissed RIL's appeal against the Securities and Exchange Board of India (SEBI )'s March 24, 2017, order relating to the sale of RPL shares in November 2007. The top court said the SAT, in its majority verdict, committed an "egregious error" in passing the judgement insofar as the question of fraud under Regulations 3 and 4 of the Securities and Exchange Board of India (Prohibition of Fraudulent and Unfair Trade Practices relating to Securities Market), 2003 (PFUTP) is concerned. "However, we concur with the SAT's observations in its majority judgment as regards the penalty to be levied on the appellant number 1 (R

Coal India OFS subscribed 3.7 times; Adani Power overtakes Infosys in mcap

Coal India's Rs 5,080-crore OFS drew strong institutional demand, Pushp Brand filed draft IPO papers with Sebi, and Adani Power overtook Infosys in market value

Sebi seeks tighter oversight of use of equity funds raised through markets

Sebi's proposed framework mirrors the UK model, ‌where the regulator mandates strict oversight of IPO proceeds by an investment bank or an advisory firm

Sebi explores tokenisation of corporate bonds for faster settlements

Regulator also plans bond ETFs, derivatives on corporate bond indices

Sebi plans to reinstate commodity derivatives market regulation department

Sebi plans to revive its Commodity Derivatives Market Regulation Department nearly five years after its merger with another division

Sebi looks to plug gaps in options trading during market volatility

Proposal allows intraday introduction of fresh strike prices as markets swing

Sebi bans 7 individuals in ₹20 crore social media stock manipulation case

Capital markets regulator Sebi has barred seven individuals from securities markets for allegedly running a coordinated pump-and-dump scheme across social media platforms and making unlawful gains of over Rs 20.25 crore. Apart from the debarment, the regulator has also directed finfluencer Hemant Gupta and his sons, Rohan Gupta and Aniket Gupta, to immediately cease and desist from offering unregistered research analyst services or from portraying themselves as research analysts. In a 234-page interim order passed on May 22, Sebi alleged that Hemant, Rohan and Aniket acted as "Operators" who first accumulated positions in thinly traded SME stocks and later circulated bullish stock recommendations on social media platforms to inflate prices, before selling their holdings at a profit. Four other family members Sharon, Leana, Rajani and Purvangi Gupta allegedly facilitated the operation by allowing the use of their trading accounts or by executing trades on the operators' instruction

Sebi reviews PMS framework; starts consultations on MF gifting, donations

SEBI whole-time member Amarjeet Singh on Saturday said the regulator is undertaking a comprehensive review of the Portfolio Management Services (PMS) framework in consultation with industry body Association of Portfolio Managers in India (APMI) to "re-ignite growth" in the segment. Addressing the Wealth and Capital Market Summit organised by the Indian Chamber of Commerce, Singh said SEBI would soon float a consultation paper on the proposed reforms. "We are undertaking a comprehensive review of PMS and are engaged with APMI for consultations to re-ignite growth in this space. A consultation paper will be floated soon," Singh said. He also said the Securities and Exchange Board of India (SEBI) is currently in the consultation stage on issues related to donation, gifting and third-party payments in mutual funds, as the regulator seeks to balance investor convenience with anti-money laundering safeguards. SEBI's consultation paper issued on May 20 proposed a calibrated relaxation of

Sebi allows employees to WFH, advises departments to defer conclaves

Advisory issued in light of geopolitical situation and energy conservation measures

Sebi bars 7 from markets for 'fraud' trades, directs ₹20 cr disgorgement

The individuals gained by manipulating prices in several stocks through recommendations on social media

Sebi moots new price-discovery mechanism for IPOs and relistings

Sebi proposes wider auction bands and stricter norms for IPOs and re-listed stocks to improve price discovery and curb distorted trading

Sebi proposes allowing India Inc to pay salaries in mutual fund units

Third-party investment proposal will also extend commission payments to distributors

Sebi's revised savings methodology boosts FY25 household savings ratio

The revised framework captures a wider range of securities market investments, leading to higher estimates of household financial savings and gross savings in FY25

Non-discretionary PMS clients can pledge securities held in demat: Sebi

The market regulator said clients of non-discretionary portfolio management services may pledge securities for loans if the decision is taken independently and for their own benefit

SME IPO market rebounds in May despite slowdown in mainboard listings

SME IPO activity has rebounded in May despite subdued mainboard markets, supported by retail participation and improved quality of issuers

Sebi proposes easing compliance norms for research analysts on call records

Sebi has proposed exempting research analysts from maintaining call records of interactions with institutional investors while retaining norms for retail clients

Financial ecosystem becoming resilient despite mkt volatility: Sebi chief

Sebi Chairman Tuhin Kanta Pandey said domestic investors, regulatory reforms and wider participation are helping Indian markets withstand global uncertainty and volatility

Future-ready market regulation needs expertise, credibility, consultation

Effective regulation requires consultation, expertise, incentives, and institutional credibility