Page 19 - Sebi Norms

ZEEL's committee finds no irregularities against firm during Sebi probe

The committee also reviewed the matter that is currently under adjudication with Sebi and stated that no further action is required by the company based on its findings

Sebi specifies checks for AIFs to curb circumvention and ever-greening

Due diligence has been mandated for schemes where investors from the same group contribute 50 per cent or more to the corpus before availing the benefits of QIB status

Sebi directs market infra institutions to establish data-sharing policies

Markets regulator Sebi on Tuesday proposed that stock exchanges and other market infrastructure institutions frame their own policy for sharing data for the purpose of research to promote data democratisation, data privacy and data accountability. However, data shared with vendors for commercial purposes will not fall under this policy, Sebi suggested in its consultation paper. The markets regulator has a data sharing policy to share anonymised data that are not publicly available. However, since Sebi is not the originator of most of the market data, the scope of sharing data under the extant data sharing policy of Sebi was deliberated by its Market Data Advisory Committee (MDAC). The committee suggested that in order to achieve the balance between data privacy vis-a-vis providing access to data, organizations, which are the actual source of data, will need to have a policy on data collection, processing, storage, dissemination and sharing. Accordingly, the regulator, in its ...

Sebi gives in-principle nod to Jio Fin-BlackRock for mutual fund entry

Jio's entry in the MF space is expected to spruce up the competition in the industry which currently has over Rs 66 trillion in assets under management

NSE, Vikram Limaye pay Rs 643 crore to Sebi, settle TAP misuse case

Sebi had issued a show cause to NSE, others in February 2023

Sebi reduces trading lot size of privately placed InvITs to Rs 25 lakh

Markets regulator Sebi has drastically reduced the trading lot size of privately placed infrastructure investment trusts (InvITs) to Rs 25 lakh in a bid to boost investors' participation and increase liquidity of such investment vehicles. The current trading lot for secondary market trading for privately placed InvITs is set at Rs 1 crore. Further, if the InvIT invests at least 80 per cent of its asset value in completed and revenue-generating assets, then the trading lot is Rs 2 crore. "Trading lot for the purpose of trading of units on the designated stock exchange shall be Rs 25 lakh," Sebi said in its notification dated September 26. The move came into effect the same day. The move will help increase the liquidity of privately placed InvIT units by permitting a broader base of investors to participate in the market and boost diversification of investment portfolios. In separate notifications, Sebi has amended its rules on infrastructure investment trusts (InvITs) and real estat

Why shares of Asia's oldest stock exchange zoomed 55% in 1 month; Details

Shares of BSE (formerly Bombay Stock Exchange), Asia's oldest exchange, rallied 10% on the NSE to hit a new high of Rs 4,235 on Thursday's intra-day trade in an otherwise weak market.

Market regulator Sebi rolls out 6 measures to rein in F&O speculation

Higher contract size, margin near expiry to deter retail investors from the index derivatives market

Videocon case: Sebi issues Rs 1 cr demand notices to Dhoot, 2 others

Capital markets regulator Sebi has sent demand notices to industrialist Venugopal Dhoot and two other entities, asking them to pay nearly Rs 1.03 crore for insider trading activities in the shares of Videocon Industries. The regulator has warned Venugopal Dhoot of arrest and attachment of his bank accounts and assets as well as other entities if they fail to make the payment within 15 days. Apart from Dhoot, the other two entities who have been sent notices are Electroparts (India) Pvt Ltd and Videocon Realty and Infrastructures. The demand notices came after these entities, including Dhoot, failed to pay the fine imposed on them by the Securities and Exchange Board of India (Sebi) in September 2021. In the event of non-payment of dues, the market watchdog will recover the amount by attaching and selling the moveable and immovable properties of these entities, the regulator said in three separate notices. Besides, they face attachment of their bank accounts and detention. In Sept

Allegations against Buch: Sebi board lacks power to act, experts point out

Experts say board not empowered to take action in the matter

Half a dozen firms file DRHPs, first MF transaction on ONDC, and more

The euphoria in the initial public offering (IPO) market shows no sign of a slowdown

Sebi fires fresh shot at T+0 revival; market players sceptical of impact

Industry players believe measures, while important, may not yield higher participation

Transaction charges on NSE, BSE, MCX, Higher STT from today: Things to know

From Tuesday onwards i.e effective October 1, 2024, the Indian financial markets will undergo several reforms that investors must know

Sebi board gives approval for new asset class, MF Lite regulations

Doesn't discuss charges against Buch, takes up staff protest

Market regulator Sebi slaps Rs 12 lakh fine on NSE Data And Analytics

Markets regulator Sebi on Monday imposed a penalty of Rs 12 lakh on NSE Data And Analytics Ltd for its failure to segregate IT infrastructures and manpower between itself and its parent firm National Stock Exchange (NSE). It has been directed to pay the fine within 45 days, the Securities and Exchange Board of India (Sebi) said in its order. In its order, Sebi noted irregularities with respect to the backup of records and details of the Business Continuity Plan/Disaster Recovery policy, delay in sending acknowledgement letters to investors, irregularities with respect to system audit reports and cyber security audit framework and failure to validate KYC records. Additionally, Sebi said, "There was no segregation of any IT infrastructures (server, network, data centres and IT security), along with the IT manpower, responsible for handling server management, network, data centres and IT security between the noticee (NSE Data And Analytics) and its parent organisation (NSE)". NSE Data

Sebi levies Rs 10 lakh fine on Anand Rathi for flouting stock brokers rules

Capital markets regulator Sebi on Monday imposed a fine of Rs 10 lakh on brokerage firm Anand Rathi Share and Stock Broker for flouting stock brokers' rules and other norms. The order came after the Securities and Exchange Board of India (Sebi) conducted a comprehensive inspection of Anand Rathi Share and Stock Broker Ltd (noticee), a Sebi-registered stock broker of BSE, NSE, MCX and NCDEX, for the period from April 2022 to October 2023. Based on the findings of the inspection, the regulator found certain alleged non-compliances of Stock Brokers regulations and circulars issued by Sebi, NSE and BSE. In its order, the regulator observed that in 55 instances, there was a short collection of margin/ MTM amounting to Rs 33.16 lakh. However, Anand Rathi submitted that there was no margin shortfall, and they are adequately collecting margins from the clients and adhering to the regulatory guidelines. Further, no supporting documents are submitted by the brokerage firm, therefore, the ..

Sebi board meeting today: F&O rules, Hindenburg claims, employees complaint

Sebi board meeting today, Sept 30, will be the first meeting since allegations were pressed against Sebi Chairperson Madhabi Puri Buch by Hindenburg Research. Here's what to expect from the meeting

Sebi amends rules, introduces fixed price process for voluntary delisting

Markets regulator Sebi has notified rules allowing companies to delist shares through a fixed price mechanism as an alternative to the reverse book building process, a move aimed at facilitating ease of doing business for listed firms. Under the Reverse Book Building (RBB) process, a firm planning to delist its shares from the stock exchange needs to initiate the process by making a public announcement. The rules mandated a minimum floor price for the delisting offer. Further, shareholders of the company place offers to sell their securities back to the promoters or large shareholders under the process. In its notification on Wednesday, Sebi introduced the fixed price process as an alternative to the RBB process for delisting of companies whose shares are frequently traded. The fixed price offered by an acquirer would be at least 15 per cent premium over the floor price. Additionally, the regulator has provided modification of the counter-offer mechanism in case of delisting throu

Become a voice of investors: Sebi chairperson Madhabi Puri Buch to MFs

Madhabi Puri Buch calls for greater participation in voting on corporate resolutions; advocates healthier growth in the corporate bond market

New asset class may take wing; decision likely at Sebi meeting on Sep 30

Board meeting on Sep 30, first since conflict of interest allegations against chairperson