Page 7 - Sebi Norms

Sebi asks portfolio managers to remove exaggerated advertisements

In a letter sent to the association of portfolio managers, Sebi directed them to adhere to the code of conduct

Block deal window: Sebi unlikely to revise rules despite elusive deals

Narrow price band of 1% hinders deal execution

Curbing frauds: Sebi brings more checks for investors via valid UPI handle

Investors will be able to authenticate if the entity receiving the payment is a valid entity under the ambit of Sebi

Sebi mandates minimum two yearly PAC meetings for commodity exchanges

Markets regulator Sebi on Thursday directed stock exchanges with commodity segments to ensure their Product Advisory Committees (PACs) meet at least twice a year, or more frequently if necessary. However, in the case of agricultural commodities, the PAC is required to meet at least once annually. Sebi's 'Master Circular for Commodity Derivatives Segment' in August 2023 issued various compliance requirements for stock exchanges and clearing corporations operating in the commodity derivatives segment. As per the Master Circular, each stock exchange is mandated to constitute a Product Advisory Committee for every group or complex of commodities that share common stakeholders or value chain participants, and on which derivatives are either currently traded or proposed to be introduced. Based on representations from market participants and following deliberations by Sebi's Commodity Derivatives Advisory Committee (CDAC), the regulator has revised the meeting frequency guidelines for ...

Sebi rolls out verified UPI and a fraud detection tool for investors

Measures launching on Oct 1 will help people verify payments they make in market transactions

Sebi issues warning letters to NSDL over compliance and cyber alert lapses

Securities and Exchange Board of India warns NSDL for lapses in demat account visibility and cyber alert tracking, urging stronger controls to avoid future issues

Omnivore India, others settles with Sebi over delay in winding up VCF

Omnivore India Capital Trust and Omnivore Capital Management Advisors have settled a case pertaining to alleged delay in winding up the venture capital fund on payment of Rs 14.62 lakh. This came after the two entities filed an application with Sebi proposing to settle the enforcement proceedings that may be initiated against them for the violation of regulatory norms. In its settlement order passed on Wednesday, Sebi noted that the entities shelled out Rs 14.62 lakh and settled the matter. Accordingly, the regulator said it would not "initiate any enforcement action against the applicants for the said violations". The case relates to an alleged delay in winding up the venture capital fund, Omnivore India Capital Trust. The fund was registered with Sebi on June 1, 2011, as a Venture Capital Fund. The initial close and final close of the fund happened on April 2, 2012 and January 16, 2014, respectively. The Securities and Exchange Board of India (Sebi), which conducted a thematic .

HDFC Bank, ICICI Bank stocks may feel Bank Nifty weight rejig pressure

Capping single-stock weight at 20% in non-benchmark indices may trigger ₹3,800 crore selloff in HDFC, ICICI Bank and pave way for Yes Bank, Union Bank entries

IndusInd Bank may need to reset its 'committee of executives' now

Anil Rao's stay on 'committee of executives' to run daily ops on radar

Sebi bars promoters, manipulators in Sadhna Broadcast pump and dump matter

Retail investors misled via YouTube videos in Sadhna Broadcast case as Sebi bans 59 individuals including actor Arshad Warsi and imposes Rs 20 crore in penalties

Jio BlackRock AMC gets Sebi approval, names Sid Swaminathan as CEO

Jio BlackRock AMC receives Sebi's final approval to start mutual fund business and appoints Sid Swaminathan as MD & CEO, aiming for innovation and inclusivity

Sebi eases norms for Category II AIFs on debt securities investments

Category II AIFs can now invest in listed debt securities rated 'A' or below, offering more flexibility and investment opportunities

Looking into possible 'egregious violation' at IndusInd Bank: Sebi chief

Sebi is examining IndusInd Bank for possible regulatory breaches amid allegations of insider trading and fraud in derivative accounting

Logistics firm Shiprocket confidentially files draft papers for IPO

Shiprocket's IPO will include a fresh issue and offer for sale; proceeds to fund tech upgrades, acquisitions, and expansion of logistics and warehousing capacity

Shiprocket plans to raise ₹2K cr-2.5K crore via confidential IPO route

Logistics unicorn Shiprocket is preparing a ₹2,000-2,500 crore IPO comprising fresh issue and OFS, with proceeds likely to go into tech, warehousing, and expansion

Sebi revises norms, bars managing directors from MIIs' audit committees

Sebi excludes Executive Directors including MDs from audit committees of MIIs and mandates stricter internal audit norms based on industry feedback and SMAC inputs

Sebi probes six IndusInd Bank officials over insider trading claims: Report

India's market regulator Sebi is investigating six IndusInd Bank officials for allegedly selling stock options while aware of undisclosed accounting discrepancies

Sebi mandates e-book mechanism for private debt securities above Rs 20 cr

Markets regulator Sebi has made the electronic book mechanism mandatory for all private placement debt issues of Rs 20 crore or above and expanded the platform's scope to include REITs and InvITs. The move, based on recommendations from a working group and public feedback, is aimed at enhancing the efficiency of the Electronic Book Provider (EBP) platform. Under the new framework, the use of the EBP platform is now mandatory for private placements of debt securities, non-convertible redeemable preference shares (NCRPS), and municipal bonds, where the issue size is Rs 20 crore or more, including single, shelf, and subsequent issues within a financial year, according to a Sebi circular. Earlier, the mechanism was mandatory for all private placements of debt securities with an issue size of Rs 50 crore or more. Sebi has extended products on the EBP platform to infrastructure investment trusts (InvITs) and real estate infrastructure trusts (REITs). Before that, there was no specific ..

Sebi eases cash flow disclosure norms in corporate bond database framework

Markets regulator Sebi has simplified the operational process and provided clarity on cash flow disclosure in the corporate bond database after a review of the Request for Quote (RFQ) Platform framework. In its latest circular, the regulator has made yield-to-price calculation on the RFQ platform easier. Now, only the due dates -- and not the actual payment dates -- mentioned in the cash flow schedule will be used for these calculations. This move is aimed at streamlining and simplifying the process of trade execution on the RFQ platform. As part of this simplification, yield-to-price will now be based on scheduled due dates, without applying any adjustments based on day count conventions. At present, yields on debt securities are calculated using more complex methods that consider actual payment dates and required day count adjustments. In addition to simplifying yield calculations, Sebi has introduced a requirement for mandatory cash flow disclosures in the centralised corporate

Public-promoter confusion deepens with switches across companies

In many instances, same shareholder is both public and promoter