Page 102 - Sebi

Sebi may allow employees to donate on social stock exchange: Buch

Sebi chairperson Madhabi Puri Buch on Thursday said the regulator's board will consider a proposal for allowing staff to donate money for causes through the social stock exchange (SSE). Speaking at an event to mark the listing of first five non-profits on the newly created SSE, Buch said Sebi personnel are not allowed to invest in securities right now and they need to be allowed to participate in the upliftment of the disadvantaged people. "We are actually going to the Sebi board tomorrow to take permission for Sebi staff to be able to buy zero-coupon, zero-principal bonds because we are not permitted to buy securities," she said, adding she is hopeful of the proposal going through. Buch added that personally, she is very keen to support the cause for emancipation of girls. As per the Sebi website, nearly 1,000 people worked at the capital markets regulator as on March 2022. The 'zero-coupon, zero-principal' are instruments for donating money to non-profit organizations listed on t

5 PSU banks to reduce govt shareholding to meet Sebi's MPS norms: DFS Secy

Five public sector lenders, including Bank of Maharashtra, IOB and UCO Bank are planning to reduce government stake to less than 75 per cent to comply with Sebi's minimum public shareholding (MPS) norms, Financial Services Secretary Vivek Joshi has said. Out of 12 public sector banks (PSBs), four were complying with MPS norms as on March 31, 2023. "As part of an ongoing effort, three more PSBs have complied with minimum 25 per cent public float during the current financial year. Remaining five PSBs have laid out action plans to meet MPS requirement," he told PTI in an interaction. Currently, government holding in Delhi-based Punjab & Sind Bank is 98.25 per cent. It is followed by Chennai-based Indian Overseas Bank at 96.38 per cent, UCO Bank 95.39 per cent, Central Bank of India 93.08 per cent, Bank of Maharashtra at 86.46 per cent. As per the Securities and Exchange Board of India (Sebi), all listed companies must maintain an MPS of 25 per cent. However, the regulator had given .

Equity markets not in a serious bubble territory, says Uday Kotak

His comments come at a time when the smallcaps and midcaps have seen a sharp fall in the last three consecutive trades

Majority of F&O trading from co-location for second consecutive year

Co-location is the practice by institutional investors to locate their servers on the site of the stock exchange, in exchange for a fee, to cut down on latency and trade that much faster

Sebi decides to repeal circulars related to private placement of securities

Sebi has decided to repeal certain circulars that provided relaxation in cases involving the allotment of securities through a private placement route. Under the Companies Act, 1956, the issuance of securities to 49 people was considered a private placement and the limit was increased to up to 200 under the Companies Act, 2013. In respect of cases under the Companies Act, 1956, involving the issuance of securities to more than 49 persons but up to 200 persons in a financial year, Sebi had said that companies may avoid penal action, subject to certain conditions. The conditions were that the entities had to "provide the investors with an option to surrender the securities and receive the refund amount at a price not less than the amount of subscription money paid along with 15 per cent interest p.a. thereon or such higher return as promised to the investors", as per the circular issued on Wednesday. Citing that considerable time has elapsed since the repeal of the Companies Act, 195

Sebi board may ease IPO norms, approve same-day settlement framework

Exemption to certain FPIs from granular disclosures, passive funds from single co exposure also on anvil

Cairn gave up right to claim interest: Vedanta to appeal against Sebi order

Billionaire Anil Agarwal's Vedanta Ltd on Wednesday said it will appeal against Sebi levying Rs 77.6 crore penalty for delay in paying dividends to its erstwhile shareholder, Cairn Energy, saying the UK firm had given up its right to claim interest when it settled a retrospective tax demand with the government. Sebi had on Tuesday ordered Vedanta to pay Rs 77.62 crore to Scottish explorer Cairn and also barred the firm's entire board, including his brother Navin and daughter Priya, from accessing the capital market for the same. "Vedanta Ltd will appeal the Sebi order before the appropriate forum," the firm said in a statement. Vedanta had in 2011 bought Cairn Energy's majority stake in its Indian arm, Cairn India Ltd. Cairn continued to hold a minority stake in Cairn India, which was subsequently merged into its parent and Mumbai-listed Vedanta Ltd. In 2014, the Income Tax department gave it powers to levy taxes retrospectively, to seek Rs 10,247 crore in capital gains tax from th

Inclusion in global bond indices to up foreign interest in corp debt: Buch

The inclusion of the India in the global bond indices is also expected to increase the interest of investors in corporate paper, Sebi Chairperson Madhabi Puri Buch said here on Wednesday. Speaking at a research conference organised by Sebi and its education-focused capacity-building body NISM, Buch said the regulator will further reduce the minimum investment size of bets on real estate investments trusts and infrastructure investment trusts to ensure that common people are able to take bets on such assets. "We are all delighted that now, government of India bonds will be part of the global indices," Buch said. "We are expecting that on the back of the inclusion of the sovereign debt on the global indices, there will be a significant interest in corporate debt," she added. J P Morgan and Bloomberg have included securities issued by the Indian government to take care of its funds in their indices, which is expected to lead to inflow of up to USD 40 billion into Indian debt from fore

Will bring more investments from Singapore into India: Envoy Shilpak Ambule

The Indian High Commission here is working to get more and more investments into India's burgeoning economy led by aggressive progress being made in infrastructure, renewable energy and advanced technology space, envoy Shilpak Ambule has said. The High Commissioner listed three factors driving the growth saying for India, it will be a green growth with the development of renewable energy, while digital infrastructure has been put in place for smoother flow of economic activities and thirdly it will be sustainable growth. "We are very much committed to getting more investments from Singapore into India which is a growth story," the High Commissioner said at the '2024 Budget Analysis Singapore and India' event here on Tuesday evening. He also highlighted the wide range of economic activities driving the India growth story like continuing efforts on skilling youths, development of advanced technologies like semiconductors and efforts towards the growth of rural economy and empowering

Foreign fund flows to India derivatives swell amid regulator scrutiny

"India has long been a favoured market based on economic growth, but given the downdraft in China this has been emphasised in the last year or so," said Joshua Crabb, a fund manager

Sebi probing smallcaps a warning bell for microcaps; time to exit: Analysts

Analysts expect volatility in micro-cap stocks to continue in the near-term. They recommend limiting exposure to the segment

Vedanta told to pay Cairn Rs 77.6 crore, Board barred from market

The Securities and Exchange Board of India (Sebi) in a 76-page order said Vedanta must make the payment within 45 days or face further action

Market regulator Sebi to erect 'building blocks' to wall in finfluencers

Sebi to soon issue norms on performance validation agencies

Sebi seeks to boost trust in mkt, expands qualified stock broker framework

Sebi on Monday announced expanding the Qualified Stock Broker (QSB) framework that will bring more brokers under enhanced obligations, a move aimed at bolstering the trust of investors in the securities market. The decision will also help in strengthening the compliance culture among stock brokers. Now, the parameters of proprietary trading volumes, compliance and grievance redressal scores will also be taken into account while classifying stock brokers as QSBs, according to a circular. At present, there are five parameters for classifying a stock broker under the QSB framework -- total number of active clients, available total assets of clients, trading volumes of the stock broker (excluding the proprietary trading volume of the stock broker), and the end of day margin obligations of all clients. The margin obligations exclude the proprietary margin obligation of the stock broker concerned in all segments. QSBs are required to meet various enhanced obligations and discharge ...

Signs of manipulation in SME listings, says Sebi chief Madhabi Buch

Buch calls for policy by MF trustees to protect investors from 'bubble' in the smallcaps

Sebi plans to implement optional same-day settlement from March 28

Sebi chief says instantaneous settlement needed to tackle emerging competition from crypto world

Stock market valuations and Sebi

Contrary to conventional wisdom, regulatory interventions related to stock market valuations are not always undesirable. It is time to reconsider the mandate for Sebi

Seeing signs of price manipulation in SME segment: Sebi chief Buch

Sebi chairperson Madhabi Puri Buch on Monday said the capital markets regulator is seeing "signs" of price manipulation in the Small and Medium Enterprises (SME) segment. The manipulation is both at the Initial Public Offering (IPO) and also in trading, Buch said, advising caution to investors. "We do see the signs (of price manipulation), we have the technology to do it. We are able to see certain patterns. I'd say it is still on the kitchen table, it's not yet gone into the oven," Buch said, speaking to women journalists on the sidelines of a conference here. The capital markets regulator is still working with advisors to understand all the dimensions and analyse the data, she said, adding that if it finds some malpractices the next step may be to issue a public consultation on it. She said the investors need to understand that the SME segment is different from the main board and it is necessary for Sebi to underline the same in terms of the rules on disclosures which are made to

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

Sebi mandates registration of index providers under regulatory fold

Mandates registration of index providers managing 'significant indices' based on securities listed in India