Page 101 - Sebi

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

The new framework will come into force from March 28

Burmans ask Care Health to cancel Rs 350 cr ESOP given to Religare's Saluja

Dabur owners, the Burman family, has increased their stake in Religare to 25.18%, which allows them to block special resolutions at Religare

Sebi to issue corrigendum on summons issued to Zee founder Subhash Chandra

The market regulator's statement comes in a response to the petition filed by Chandra alleging that the summons issued by Sebi is effectively a show cause notice and contains "conclusive" allegations

Reits seek changes in regulations to get easier access to capital

They expect the Reit landscape, which is now limited to office space and retail, to expand to hotels, residential properties, data centres, and logistics

RBI Guv, Sebi head meet FM ahead of interest rate meet next month

Reserve Bank Governor Shaktikanta Das on Wednesday called on Finance Minister Nirmala Sitharaman, ahead of the central bank's interest rate-setting panel meeting next month. The minister separately held a meeting with Sebi Chairperson Madhabi Puri Buch at her North Block office, according to a post by Sitharaman's Office on X. These meetings come at a time when the industry is pitching for an interest rate cut, and stock markets are witnessing intense volatility. The RBI has held the benchmark interest rate or repo rate at an elevated level of 6.5 per cent since February 2023. Das-headed Monetary Policy Committee (MPC) is scheduled to meet from April 3-5, the first for the 2024-25 fiscal, in which it is expected to spell out inflation and growth trajectory for the financial year beginning April 1. The RBI, in its policy review last month, projected a GDP growth rate of 7 per cent and average inflation of 4.5 per cent for 2024-25. The Indian economy is estimated to have grown over

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

Offshore funds need not disclose investors in certain cases, says Sebi

In making the exemption, SEBI said the stock exchanges will have to identify the companies with no large shareholder or promoter

Regulatory overreach? Sebi and RBI acting tough to restore credibility

Fintech firms in Bengaluru are complaining about regulatory overreach, as is the traditional finance industry in Mumbai.

LIC front-running case: Sebi confirms securities market ban on 5 companies

Sebi on Tuesday confirmed a securities market ban on five entities, including an employee of Life Insurance Corporation of India (LIC), in a case pertaining to front-running trades of the state-owned insurer. Front-running refers to an illegal practice in the stock market where an entity trades based on advanced information from a broker or analyst before the information has been made available to its clients. The observations made in the present order are tentative in nature and pending further investigation. The investigation will be carried out without being influenced by any of the directions passed or any observation made either in the interim order or in the present order. Based on the outcome of the investigation, appropriate proceedings may be initiated in accordance with law, Sebi said. In a confirmatory order, Sebi clarified that the restraint imposed vide the interim order dated April 27, 2023, on Yogesh Garg, Sarita Garg, Kamlesh Agarwal, Ved Prakash HUF and Sarita Garg

Sebi moots audio-visual representation of disclosures made in offer docs

Markets watchdog Sebi on Tuesday proposed introducing audio-visual representation of disclosures made by companies in their offer documents for public issues, a move that will help investors have an easier understanding about the key features of an offer. Comments from stakeholders have been sought on the proposal till April 9. "It is proposed that the disclosures made in the DRHP (Draft Red Herring Prospectus) and RHP (Red Herring Prospectus) of public issues shall also be made available in Audio Visual (AV) format by the issuer companies desiring to list on the main board. "Further, the AV on the public issues will be in bilingual version i.e. English and Hindi and made available in the public domain," Sebi said in a circular. According to the regulator, it is expected that the AV will provide ease in understanding the salient features and also provide reference to various disclosures of the proposed public issue. The regulator has suggested that the duration of each bilingual .

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 nod to T+0 settlement for limited stocks, eases norms for FPIs

The regulator has also approved certain flexibility for FPIs, IPOs, and AIFs

Explained: Should smallcap funds' stress-test results concern you?

The Sebi stress-test results highlight the potential liquidity risk associated with smallcap funds. Here's how it can affect you

Baazar Style Retail files draft papers with Sebi to raise funds via IPO

Value fashion retailer Baazar Style Retail Ltd has filed preliminary papers with capital markets regulator Sebi to raise funds through an Initial Public Offering (IPO). The proposed IPO is a combination of a fresh issue of equity shares worth Rs 185 crore and an Offer for Sale (OFS) of up to 1.68 crore by promoter group entities and other selling shareholders, Draft Red Herring Prospectus (DRHP) filed with Sebi showed. Under the OFS, Rekha Rakesh Jhunjhunwala will sell 27.23 lakh equity shares, Intensive Softshare Private Limited will offload 22.40 crore shares and Intensive Finance Private Limited will divest 14.87 lakh shares among others. The offer includes a reservation for subscription by eligible employees. Going by the draft papers filed on Friday, the Kolkata-based company may consider raising Rs 37 crore in a pre-IPO placement round. If such placement is completed, the fresh issue size will be reduced. Proceeds from the fresh issuance to the extent of Rs 135 crore will

How Sebi's trial run of same-day settlement for 25 stocks impacts you

For now, they're only testing this with 25 specific stocks and a small group of brokers. While Sebi likes the idea of same-day settlement, they want to make sure it works smoothly

Sebi mutual fund stress test: A must watch for all new investors

The Association of Mutual Funds in India (Amfi) has written to fund houses, asking them to undertake stress tests of small-cap and mid-cap schemes and disclose the reports on their websites

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

Ease of doing biz: Market regulator Sebi to relax certain norms for FPIs

Regulator Sebi on Friday approved a raft of relaxations for foreign portfolio investors, alternative investment funds and entities seeking to raise funds through initial share sales, as part of facilitating the ease of doing business in the securities market. Also, the board of Securities and Exchange Board of India (Sebi) gave its nod for a uniform approach for verification of market rumours by entities that have listed their equities. In a move aimed at testing the feasibility of the optional T+0 settlement mechanism, a Beta version for a limited 25 scrips and limited brokers will be launched. Sebi will continue to do further stakeholder consultation, including with the users of the Beta version. The progress will be reviewed at the end of three months and six months, after which further course of action will be decided, Sebi said in a release. These proposals were cleared by the Sebi board at its meeting that ended late on Friday. Among other measures, the regulator decided to

Stock exchanges impose fines on Dish TV over board irregularities

Leading bourses BSE and National Stock Exchange have again imposed penalties on DTH operator Dish TV over composition and lack of quorum for its Board meeting, according to a regulatory filing by the company. The company has again received notices, imposing fines on February 22, 2024, said Dish TV on Friday. The stock exchange notices, in which NSE and BSE both separately imposed a total penalty of Rs 4.26 lakh, were placed before the Board of the company, which met on Friday. "National Stock Exchange of India Limited and BSE Lt had issued notices dated February 22, 2024, to the Company in respect of Noncompliance with the requirements pertaining to the composition of the Board for the quarter ended December 31, 2023, and constitution of Audit Committee & Stakeholder Relationship Committee for the quarter ended September 30, 2023," it said. Stock exchanges "have imposed fines on the Company for the said non-compliances" with regulations 17(1), 18(1) and 20 of the SEBI Listing ...

Zee fund diversion case: Chandra suppressed material facts, Sebi tells SAT

The market regulator is investigating the alleged fund diversion by Chandra and his son Punit Goenka, who is also the managing director and chief executive officer of Zee