Page 28 - Sebi Norms

Are MF stress tests of any use?

These are usually found among small and midcaps. It is not easy to find such stocks, especially after a strong bull market

Sebi proposes special call auction for price discovery of holdcos

Move aims to address deep discounts at which these investment companies trade

LEEL case: Sebi slaps Rs 14 cr fine on 7 individuals for accounts fraud

Markets regulator Sebi on Thursday slapped fines amounting to Rs 14.2 crore on LEEL Electricals' promoter Bharat Raj Punj and its six former officials and barred them from the securities markets for up to five years in a case of malpractices and manipulations in the company's accounts. Also, they have been barred from being associated with any listed company or any registered intermediary, in any capacity, including as a director for three years. The seven individuals penalised by Sebi are Anita Kakar Sharma, who was compliance officer and Vice President (Finance) between April 2006 and December 2018 at LEEL. Achin Kumar Roy, Nipun Singhal, and Mukat Behari Sharma were whole-time members and CFO of LEEL from September 2007 to April 2019. Achin and Mukat were members of the auditing committee between 2007 and 2014. In addition, Surjit Krishan Sharma, Geeta Tekchand were the independent directors of LEEL from January 2005 to July 2019, and Bharat Raj Punj, a promoter of the ...

Beat valuation risk in smallcap funds with limited exposure, long horizon

While past-year returns have been high, these funds are prone to significant drawdowns in tough economic environments

Sebi should not become SBI, must complete Adani probe before polls: Cong

The Congress on Wednesday hoped that the SEBI tasked with probing charges of alleged stock manipulation by the Adani Group would not seek further extension for presenting its report in the Supreme Court to push the deadline past the election date. Congress general secretary Jairam Ramesh said the Securities and Exchange Board of India (SEBI) should not become another SBI, which is "too scared to touch the sacred". In a post on X, Ramesh said the Hindenburg Research had levelled grave allegations of stock manipulation and violation of securities laws on the Modani group last year. The Adani Group has dismissed the charges as lies, saying it complies with all laws and disclosure requirements. Ramesh said, "The SEBI was tasked with submitting a report on these allegations by 14th August, 2023. After it demanded repeated extensions, the Supreme Court gave SEBI time till today, April 3rd, 2024. "We look forward to the SEBI submitting its report to the Court today, and we hope it does

Small cap companies set to erase losses sparked by froth warnings

A eight-day rally has put the Nifty Smallcap 250 Index on course for reclaiming the Feb. 27 level when the securities regulator flagged the risk of a potential bubble in the smaller companies

Long-duration funds: 6-12 months for tactical, 10+ years for long term

Those with a medium-term horizon run the risk of getting caught in a rising rate cycle

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