Page 118 - Sebi

Sebi extends suspension of derivatives trade in 7 agri commodities for 1 yr

Markets regulator Sebi on Friday extended the suspension of futures and options trading in seven agricultural commodities, including wheat and moong, for one more year till December 2024 in a bid to rein in prices. The other agricultural commodities suspended by Sebi are paddy (non-basmati), chana, crude palm oil, mustard seeds and their derivatives and soya bean and its derivatives. "The suspension of trading in the above contracts has been extended for one more year beyond December 20, 2023, i.e. till December 20, 2024," Sebi said in a statement. The suspension permits squaring up of existing positions in these commodities, but no fresh futures trading is permitted for a year. To curb inflation, Sebi in December 2021 prohibited exchanges from launching new derivative contracts of soyabean, mustard seeds, chana, wheat, paddy, moong, and crude palm oil. These directions were applicable for one year. In December last year, the suspension was again extended for one more year till ..

Sebi's instant trade settlement plan faces foreign investor pushback

The concerns were raised in a meeting earlier this month, the people told Reuters, and have not been previously reported

Mutual fund industry exploring a new product with 'flexible norms'

The MF product, if introduced, will also have a minimum investment threshold but will likely be much lower than that of PMS

In a 1st, Ola Electric rides on festivals to log 200K registrations in a CY

Confirming the milestone, Ola's chief marketing officer, Anshul Khandelwal, said it was a remarkable achievement and in record time

P-notes investment continues to swell for seventh month on robust macros

Investment in the Indian capital markets through participatory notes rose over a six-year high at Rs 1.33 lakh crore at September-end, making it the seventh consecutive monthly increase, on the back of robust macroeconomic fundamentals. This is the highest level since July 2017 -- when investment through the route stood at Rs 1.35 lakh crore, data from the Securities and Exchange Board of India (Sebi) showed. The latest data includes the value of p-note investments in Indian equity, debt, and hybrid securities. Participatory notes (P-notes) are issued by registered Foreign Portfolio Investors (FPIs) to overseas investors who wish to be part of the Indian stock market without registering themselves directly. They, however, need to go through a due diligence process. According to Sebi data, the value of p-note investments in Indian markets -- equity, debt, and hybrid securities -- stood at Rs 1,33,284 crore at the end of September as compared to Rs 1,28,249 crore a month earlier. I

Fined Rs 17 crore by Sebi: All you need to know about 'Baap of Chart'

Sebi has alleged that Md Nasir has been providing trading recommendations under the 'garb of educational courses', which were charged for

Sebi orders defreezing of bank, demat accounts, MF folios of Rana Kapoor

The matter has been listed for a final hearing on November 20

When the regulated become the regulator

Effectively involving the regulated entities in the rule-making process and crowd-sourcing ideas help create a better-governed market economy

Sebi issues Rs 1.8 crore demand notices to former officials of Karvy Group

Capital markets regulator Sebi on Wednesday sent demand notices to three former officials of Karvy Group, asking them to pay about Rs 1.8 crore in the case of the misappropriation of client's funds by Karvy Stock Broking Ltd (KSBL). The regulator has warned them of arrest and attachment of assets as well as bank accounts if they fail to make the payment within 15 days. Those who have been sent notices are Krishna Hari G, who was VP (F&A) of KSBL; Srikrishna Gurazada, former compliance officer of KSBL and Srinivasa Raju, who was the General Manager of back office operation. The demand notices came after the officials failed to pay the fine imposed on them by the Securities and Exchange Board of India (Sebi) in May. In three separate notices, Sebi directed Krishna Hari G to pay Rs 1.06 crore and asked Raju and Gurazada to remit Rs 42.41 lakh and Rs 31.81 lakh, respectively. This includes interest and recovery costs, within 15 days. In the event of non-payment of dues, the market ..

Sebi bars finfluencer from securities market, asks to disgorge Rs 17 cr

'Baap of Chart' gave trade recos in the garb of education courses, mislead clients, alleges Sebi

AIF trustees seek more powers to fulfil their obligations amid Sebi probe

They complain about delayed or no disclosure from investment managers

Sebi finalises SOP to stop promoter misuse of foreign cos for shareholding

With this, these investors will not be able to use overseas insurance companies to secretly own shares of a company and manipulate its share prices

Sebi to pilot Asba-like framework for secondary markets in December: Report

Asba facility is already available for the primary market which ensures that money from an investor gets moved only when an allotment happens

Updating the tax haven debate

In a comprehensive analysis of black money, R Vaidyanathan's book explores the intricacies of its generation, the impact of tax havens, and the role of global initiatives

Mid-term report card of Sebi chief shows her priorities have worked

While Sebi has always defined its role as that of a troika of development of the capital markets, their regulation and protection of investor interests, Buch has drawn the lines linking them

'No objection' from stock exchanges for ICICI Securities' delisting plan

Sebi, on its website, has disclosed that it received a No-Objection Certificate (NOC) from the exchange on October 12 and that the brokerage firm's scheme was under process

Paytm's Vijay Shekhar Sharma launches AIF with target corpus of Rs 30 crore

The fund, which has been approved by the Securities and Exchange Board of India (SEBI), would see Sharma along with other external investors as contributors to the fund

Sebi empanels 12 entities to provide onsite digital forensic services

Capital markets regulator Sebi has empanelled 12 entities, including Ernst & Young LLP and KPMG Assurance and Consulting Services LLP, to provide assistance to its search team for onsite data acquisition during search and seizure operations. The other empanelled entities are -- Baker Tilly Business Advisory Services, Cybermate Forensics & Data Security Solutions, Cyint Technologies, ECS Info Tech, Innefu Labs, Mahen Technologies, Nangia & Co LLP, Netrika Consulting India, Pelorus Technologies and Systools Software, according to a notice by Sebi last week. They have been empanelled for providing digital forensic services to the regulator following the completion of the empanelment process. The empanelment will be valid for a period of two years. In August, the Securities and Exchange Board of India (Sebi) invited applications for empanelment of service providers experienced in the field of digital forensic services. The applications were invited from eligible service ...

Sebi should stand firm, finish its Adani probe in timely manner: Cong

The Congress on Thursday urged the SEBI to stand firm and finish its investigation into the Adani matter in a timely manner, even as it reiterated that only a JPC probe can investigate the full scope of the issue. In a post on X, Congress general secretary Jairam Ramesh cited a media report which claimed that the Securities and Exchange Board of India (SEBI) has asked the Organized Crime and Corruption Reporting Project (OCCRP) to give it access to key documents about the allegations of stock manipulation and accounting fraud against the Adani Group. "Recently, the Organised Crime & Corruption Reporting Project (OCCRP) found clinching evidence that Adani associates were controlling opaque shell companies in overseas tax havens that had amassed huge stakes in Adani Group companies. All this was done in blatant violation of SEBI regulations," Ramesh said. Major global papers like the Financial Times and the Guardian covered the story in detail, he pointed out. "The Adani Group and ..

Sebi issues guidelines to improve governance, preparedness of QRTAs

Capital markets regulator Sebi on Friday came out with guidelines to strengthen governance of qualified Registrars and Transfer Agents (QRTAs) for handling disruption and improving preparedness by conducting periodic drills. In its circular, the regulator has asked QRTAs to put in place a Business Continuity Plan (BCP) and Disaster Recovery Site (DRS) in a bid to ensure continuity of operations and maintain data and transaction integrity. Apart from DRS, all QRTAs are required to have a Near Site (NS) to ensure zero data loss. Qualified RTAs -- RTAs having more than 2 crore folios -- are systemically important institutions as they provide the infrastructure necessary for the smooth and uninterrupted functioning of the securities market. As part of operational risk management, these QRTAs need to have a high level of resilience to provide essential facilities and perform systemically critical functions uninterruptedly in the securities market. The new guidelines are aimed at ...