Page 39 - Sebi Norms

Sebi seeks to protect public shareholders' interests during CIRP

Non-promoter entities in bankruptcy-hit firms to be given opportunity to acquire shares

Debt securities rules: Sebi issues circular for disclosing payment of fees

Sebi on Thursday issued a new format for disclosing details pertaining to payment of fees applicable under the issuance of debt securities rules. In July, Sebi said that market infrastructure institutions, including stock exchanges, registered intermediaries and companies that have listed or are intending to list their securities on a stock exchange have to pay 18 per cent GST on the fees charged by the regulator. This is also applicable for persons who are dealing in the securities market. The tax rate was effective from July 18. The Securities and Exchange Board of India (Sebi) has amended the chapter that deals with bank account details for payment of fees of the NCS (Issue and Listing of Non-Convertible Securities) rules, according to a circular. Under the new format, issuers who have listed and/ or propose to list non-convertible securities, stock exchanges and other entities will have to disclose to Sebi about date of remittance, amount remitted -- break-up of fee and GST ..

KFintech settles Sebi proceedings with payment of over Rs 91 lakh

The registrar and transfer agent was found to be violating rules during a Sebi inspection in 2019-2020

Sebi pegs dues worth Rs 67,228 cr as 'difficult to recover': Annual report

Capital markets regulator Sebi has segregated dues to the tune of Rs 67,228 crore under "difficult to recover" category at the end of March 2022. Overall, the regulator has dues worth Rs 96,609 crore that needs to be recovered from entities, including those that failed to pay the fine imposed on them, failed to pay fees due to markets watchdog and did not comply with its direction to refund investors' money, according to Sebi's annual report for 2021-22. Out of Rs 96,609 crore, the regulator said that Rs 63,206 crore, which is 65 per cent of the total, pertains to Collective Investment Scheme (CIS) and deemed public issues of PACL Ltd and Sahara Group company -- Sahara India Commercial Corporation Ltd. Also, Rs 68,109 crore, amounting to 70 per cent of the total dues, is subject to parallel proceedings before various courts and court-appointed committees. In these cases, Sebi's recovery proceedings are subject to directions of respective courts or committees. In its annual report,

Markets regulator Sebi penalises 9 persons in Bombay Dyeing case

Markets regulator Sebi has slapped a penalty totalling Rs 59 lakh on nine persons in a case pertaining to alleged fraudulent scheme of misrepresenting financial statements of Bombay Dyeing and Manufacturing Company Limited. These persons were either members of the audit committee of Bombay Dyeing or CFOs of the company during the violations. They have been asked to pay the fine within 45 days, the Securities and Exchange Board of India (Sebi) said in its order passed on Monday. The regulator conducted an investigation to ascertain whether the books of accounts of Bombay Dyeing and Manufacturing Company Limited (BDMCL) were manipulated for the financial years from FY12 to FY19. The investigation revealed that BDMCL, by entering into various Memoranda of Understanding with its group company Scal Services Limited during FY12 to FY18 and by subsequently recognising revenue on the basis of such MoUs and not consolidating the transactions carried out with Scal, had inflated its sales and

Sebi recovery rate less than 2% of Rs 99,490 cr claimed since 2013-14

Number of pending notices was up 31% to 2,872 at the end of FY22, from 2,193 the previous year

Subdued equity market slows mutual fund penetration, shows data

Mutual funds fail to carry high growth momentum of FY22 due to changed market conditions

Using tech to crack down on insider trading: Sebi's Madhabi Puri Buch

Regulator will by next year have a system enabling data storage of trades between exchanges, ensuring work is not affected in a cyberattack

Sebi's front-running investigations rise even as overall cases dip

More probes were completed than in the previous year

Two years on, Sebi's sandbox initiative yet to find its feet

Most applications have either been withdrawn or stand rejected

IDBI stake sale: To help the buyer, centre asks Sebi to ease norms

The government offered to sell a total of 60.72% stake in the IDBI bank, in early October

Funds mismatch under new settlement process may invite stricter Sebi norms

According to the new mandate, stock market brokers are required to transfer unused funds back to the client's account at least once each quarter

Sebi panel weighs relaxations in commodity derivatives framework

Looks at how market-wide position limits are calculated for commodity derivatives contracts

Running accounts Settlement: New Sebi guidelines in motion from Friday

However, industry experts feel that with tighter rules, brokerages will need to have higher working capital and will involve operational risk of transferring large amounts

Stricter disclosure norms may trigger DRHP filing rush in next two months

Industry players expect companies to advance their DRHP filings before new rules kick in

Amfi to block MF distributors indulging in 'splitting of transactions'

Amfi shall take necessary action i.e. blocking of such MF distributors for a period of six months: Sebi

Sebi likely to step up disclosure norms for IPOs of new-age companies

Sebi has attracted some criticism following a meltdown in shares of new-age companies such as Zomato, Paytm and Policy Bazaar

Sebi directs credit rating agencies to up firewall with non-rating entities

The monitoring of the circular will be required to be done through half-yearly internal audits

Entities listed on SSE to submit audited annual impact report, says Sebi

Market regulator clears the decks for setting up the bourse

Sebi may soon introduce framework on retail algo amid concerns of misuse

Regulator in touch with exchanges, set to accept proposals made in discussion paper