Page 27 - Sebi Norms

Our small, midcap portfolios haven't participated in the rally: Marcellus

Given the macroeconomic strengths, the market is pricing in a reasonable earnings growth and hence justifying current valuations, Pramod Gubbi of Marcellus Investment Managers said in this interview

Sebi directs mutual funds to stop inflows into ETF-based overseas schemes

Sebi and some of the MFs have made representations to the Reserve Bank of India (RBI) seeking new limits but the central bank is yet to take a call

T+0 settlement beta version from next week, Sebi issues guidelines

The new framework will come into force from March 28

Democratising equity market is all about digitisation, says Sebi chief Buch

Over the next 10 to 15 years, the REIT, INVIT and muni bond market will be as large as our equity markets, says Buch

Front running case: LIC fires employee banned by Sebi from stock market

Markets regulator Sebi had last year found that a dealer in LIC, was in possession of non-public information regarding impending orders of LIC and acted as an information carrier

Redemption risks

Stress tests highlight risks in smallcaps

Market regulator Sebi plans to boost municipal bond participation via ARCL

ARCL is a settlement and clearing provider for the tri-party repo, backed by Sebi and funded by asset management companies, launched last year to provide a common platform for market participants

Sebi to introduce same-day settlement for 25 stocks, defers full launch

The regulator will review progress at the end of three and six months before deciding on a further course of action

PwC India to offer tech-based compliance monitoring services with Axar

Agreement will have the two companies work together in 'creating market awareness'

Stress Test: DSP needs 16 days to exit 25% in SmallCap MF; Edelweiss 3 days

Edelweiss Mutual Fund on Thursday disclosed its first stress test result in order to comply with recent Sebi directive.

Smallcaps slip into 'correction' zone; index down 10% from February

The drop in the smallcap index comes even as the benchmark Nifty logged a fresh record high in an earlier session

Sidbi plans to raise Rs 5,000 cr via rights issue next financial year

Small Industries Development Bank of India (SIDBI) on Tuesday said it plans to raise Rs 5,000 crore from rights issue next financial year to fund business growth. The refinancing entity for SME finance is witnessing a strong credit growth and to further grow the business, capital would be required, he said. The bank is looking to mobilise Rs 5,000 crore from rights issue in the next fiscal, SIDBI chairman and managing director S Ramann said on the sidelines of launch of a credit programme for Jan Aushadhi Kendras here. He said the government is the biggest shareholder and SIDBI has approached them requesting their participation in the rights issue, he said. Government of India holds a 20.85 per cent stake as of March 31, 2023. Besides this, State Bank of India owns 15.65 per cent, while the share of Life Insurance Corporation of India (LIC) stood at 13.33 per cent as of March 31, 2023. The rest is held by other Public Sector Banks (PSBs) and institutions. He said the loan book of

Sebi may review rule for mutual funds targeting overheated small caps

Sebi will review its rule that mandates small- and mid-cap funds to invest at least 65% of their assets in such stocks if fund managers find it is "restraining risk management

Will cooperate fully with Sebi in probe into debt issue: JM Financial

JM Financial Ltd has said it would fully cooperate with capital market regulator Sebi in its investigation into the public issue of debt securities. The statement came after Sebi barred JM Financial from accepting new mandates to act as a lead manager for the public issue of debt securities, for flouting regulatory norms. However, JM Financial can continue to act as a lead manager for the public issue of debt securities for a period of 60 days in case of existing mandates, Sebi said in its interim order on Thursday. Further, the regulator will undertake an investigation into these issues, to be completed within six months. Following the order, JM Financial in a filing to the stock exchanges said, "The company shall fully cooperate with Sebi in this investigation". The Sebi's directive came days after the Reserve Bank barred JM Financial Products Ltd from providing any form of financing against shares and debentures, including sanction and disbursal of loans against initial public

Sebi slaps Rs 4.8 mn fine on 8 entities for flouting regulatory norms

Capital markets regulator Sebi on Thursday slapped a fine of Rs 48 lakh on eight entities, including promoters of United Polyfab Gujarat Ltd (UPGL), for manipulating the share prices of the company. These entities have to pay the penalty jointly and severally within 45 days, as per an order. The order came after Sebi conducted an investigation of UPGL and trading by certain entities in the scrip of the company, to ascertain whether there was any violation of the provisions of the PFUTP (Prohibition of Fraudulent and Unfair Trade Practices) rules. Based on the findings of the probe in the matter of trading by certain entities in the scrip of UPGL, the regulator initiated adjudication proceedings against these entities. Thereafter, the regulator issued a common show cause notice to the noticees on July 18, 2023. "...UPGL and Gagan Nirmalkumar Mittal in collusion with other Noticees i.e. Shiv Marketing and Trading, Vishwakarma Trading House, Anilkumar Mangalchand Mittal, Amay Spincot

Brokers should be cautious against manipulations in stock mkt: Sebi member

Sebi Whole Time Member Kamlesh Chandra Varshney on Saturday cautioned against manipulations in the capital market and urged brokers to keep an eye and prevent such instances. Clamping down on misdoings, the markets watchdog has been taking action against various entities for manipulations, including front running activities. Emphasising the importance of investor trust, Varshney said that if there is no trust of investors, "everything will fail". Manipulations are going on and Sebi cannot intervene in all of them. Some brokers are involved and the broker community should keep an eye as "bad elements can come in the system", he said. He was speaking at the 13th international convention of the Association of National Exchanges Members of India (ANMI) in the national capital. The Whole Time Member of the Securities and Exchange Board of India (Sebi) also said that entities should look at technological developments to improve efficiency as well as business.

Sebi orders attachment of bank, demat accounts of DHFL's ex-promoters

Markets regulator Sebi has ordered the attachment of bank accounts as well as shares and mutual fund holdings of Dheeraj Wadhawan and Kapil Wadhawan, the former promoters of Dewan Housing Finance Corp Ltd (DHFL), to recover dues totalling over Rs 22 lakh. This came after the brothers failed to pay the fine imposed on them by the Securities and Exchange Board of India (Sebi) in July last year in a case concerning the flouting of disclosure norms. In two separate attachment notices issued on Tuesday, the markets watchdog has ordered the attachment of bank, demat accounts, and mutual fund folios of the Wadhawans to recover the pending dues. The pending dues of Rs 10.6 lakh each from Wadhawans comprise the initial penalty amount, interest, and recovery cost, it added. In July 2023, the regulator imposed a penalty of Rs 10 lakh each on Wadhawans, who were promoters of DHFL (now known as Piramal Finance), for flouting disclosure norms. Kapil Wadhawan was the Chairman and MD of DHFL, whi

Market regulator Sebi urges industry to step up voluntary compliance

Enforcement cannot be the only solution, says Sebi WTM; Varshney assures Sebi's KYC infrastructure strong

Swiggy may file papers with Sebi for IPO in 2 weeks to raise Rs 8,000 cr

The food delivery giant has been intensifying efforts to achieve profitability as it prepares for the IPO

Sebi warns investors against 'unscrupulous entities' promising high returns

'There can be no guarantees of assured returns in securities market,' says regulator