Page 38 - Sebi Norms

Subramanian Swamy alleges differential treatment by market regulator Sebi

Seeks the Sebi chair's intervention and probe in specific cases of violations

Market regulator Sebi bars FWCS, its directors from markets for 1 year

Markets regulator Sebi has barred Fingravy Wealth Creation Services (FWCS) and its directors from the securities markets for 1 year for providing unauthorised advisory services. The order came after Sebi passed an ex-parte interim order dated January 14, 2020 against FWCS and its present and past directors -- Dhiraj Gupta, Sumit Kumar, Hemanchal Singh, Ravindra Singh and Ashutosh Sharma. In its interim order, the regulator found FWCS and its directors were prima facie found to have violated the provisions of PFUTP (Prohibition of Fraudulent and Unfair Trade Practices) rules and IA (Investment Advisors) norms. The regulator also noted, noticees have been restrained from accessing the securities markets until further orders through the interim order. They were also directed to cease and desist from acting as an investment advisor until further orders. In its final order, the regulator found FWCS and its directors have not disputed the findings of the interim order in respect of the

NSEL scam: Sebi bans five major commodity brokers for six months

The brokers had appealed to the Securities Appellate Tribunal (SAT) against a previous order by Sebi issued in 2019

Market regulator Sebi plans simplified BRSR, ESG rating regulations

Buch calls for independence of emerging economies in ESG matters, carbon credit pricing

NDTV promoter firm RRPR Holding transfers 99.5% shares to Adani's VCPL

Ongoing open offer draws bids for 5.3 mn shares as of Monday's close

Sebi amends buying, selling of mutual funds under insider trading rules

Capital markets regulator Sebi has amended norms to bring buying and selling of mutual fund units under the ambit of insider trading rules. At present, insider trading rules are applicable to dealing in securities of listed companies or those proposed to be listed, when in possession of Unpublished Price Sensitive Information (UPSI). The units of mutual funds are specifically excluded from the definition of securities under the rules. Sebi's latest decision follows the Franklin Templeton episode, in which the fund house's few executives were accused of redeeming their holdings in the schemes ahead of the six debt schemes shutting for redemption. "No insider shall trade in the units of a scheme of a mutual fund, when in possession of unpublished price sensitive information, which may have a material impact on the net asset value of a scheme or may have a material impact on the interest of the unit holders of the scheme," Sebi said in a notification issued on Thursday. Under the new

Sebi extends one-time stock option settlement scheme by two months

Scheme provides a settlement opportunity to entities that have executed trade reversals in stock options from April 2014 to Sept 2015, and against whom adjudication proceedings are pending

Carefully evaluate open offer: NDTV independent directors to shareholders

Last month, the Adani group had written to Sebi, re-affirming its commitment to complete the open offer process for additional shares in NDTV

New guidelines for financial influencers under works, says Sebi

Merely giving disclaimers may not guard finfluencers from regulatory action

Regulations not a remedy for fraud: Sebi whole time member SK Mohanty

According to a survey, 47 per cent respondents considered lack of visibility over third parties as the biggest concern to bribery and corruption

Sebi devising regulations to increase accountability of 'finfluencers'

According to Sebi, there has been an exponential rise in the number of unregistered advisors giving unsolicited stock investment tips on social media platforms

Sebi notifies rules on dividend, redemption proceeds to MF unitholders

Capital markets regulator Sebi has notified new rules for asset management companies (AMCs) pertaining to transfer of dividend and redemption proceeds to mutual fund unitholders. Under this, every mutual fund and asset management company would be required to transfer to the unitholders the dividend payments and the redemption or repurchase proceeds within a period specified by Sebi, the regulator said in a notification made public on Thursday. In case of failure to transfer the proceeds within the specified period, the AMC would be liable to pay interest to the unitholders for the period of such delay. "Notwithstanding payment of such interest to the unit-holders...the asset management company may be liable for action for failure to transfer the redemption or repurchase proceeds or dividend payments within the stipulated time," Sebi said. It further said that physical despatch of redemption or repurchase proceeds or dividend payments would be carried out only in exceptional ...

New set of proposals on media ownership in the works, says TRAI chief

Second time in eight years that TRAI will be issuing guidelines. Comes amid the Adani-NDTV spat. Regulator had released consultation paper in April

Best of BS Opinion: Prompt disclosures, boosting production, and more

Here is the best of Business Standard's opinion pieces for today

Sebi's tougher disclosure regime may be a challenge for India Inc

Compliance burden could go up manifold if new proposals get implemented, say legal experts

Confidential IPO filing: How it will work and why it is being introduced

Under this mechanism, the information in the DRHP is made available only to the regulator, not to the public at large

Firms pre-filing for IPOs may get to market to institutional investors

New clause to help issuers gauge institutional investor demand

Market regulator Sebi plans to streamline disclosure framework

Suggests halving disclosure timeline to 12 hours; proposes mandating top 250 listed firms to confirm/deny media reports

Muddling regulations

Insolvency resolution should not be weakened

Transfer pay-outs to client's demat account within a day, says Sebi

Regulator issues fresh guidelines for unpaid securities