Page 13 - Sebi

Sebi eases process of transferring securities from nominee to legal heir

Markets regulator Sebi on Friday simplified the process of transferring securities from a nominee to the legal heir. Currently, when a nominee transfers securities to a legal heir, the transaction may sometimes be treated as a "transfer" and assessed for capital gains tax. However, under Section 47(iii) of the Income Tax Act, 1961, such transmission is exempt and should not attract tax. While the nominee can claim a refund later, this causes unnecessary inconvenience. To resolve this, a Working Group consulted the Central Board of Direct Taxes (CBDT) and recommended the use of a new reporting code "TLH" (Transmission to Legal Heirs). This code will help ensure such transfers are correctly reported and not taxed as capital gains. "It has been decided that a standard reason code viz. "TLH" shall be used by the reporting entities while reporting the transmission of securities from nominee to legal heir, to the CBDT so as to enable proper application of the provisions of the Income Tax

Sebi, RBI in talks to introduce corporate bond index derivatives

Sebi is in talks with RBI to roll out corporate bond index derivatives as part of efforts to expand India's debt market and boost retail and foreign investor participation

Sebi expands eligibility for NGOs to raise funds via social stock exchange

Markets regulator Sebi on Friday permitted more charitable entities to raise funds through the Social Stock Exchange (SSE), in a bid to broaden access to the platform. In its latest circular, the regulator has widened the definition of Not-for-Profit Organizations (NPOs) eligible to list on the SSE. Under this expanded framework, legal structures such as trusts registered under the Indian Registration Act, 1908, charitable societies registered under the relevant state's Societies Registration Act, and companies registered under section 25 of the erstwhile Companies Act, 1956, will now fall within the definition of NPOs. To ensure accountability, Sebi has also outlined the reporting requirements for such entities. In cases where an NPO is registered without listing any security, the Annual Impact Report (AIR) need to be self-reported. This report should highlight the NPO's significant activities, interventions, programmes, or projects during the year, along with an explanation of th

Sebi, RBI discuss steps to boost trading in corporate bond derivatives

Securities and Exchange Board of India and the Reserve Bank of India are in discussions on corporate bond index derivatives to strengthen trading activity in corporate debt securities, Sebi whole-time member Ananth Narayan G said on Friday. Speaking at the ASSOCHAM National Council for Corporate Bonds, Narayan said, "Corporate bond index derivatives trading is another frontier in this regard. Good discussions are ongoing between Sebi and RBI, and we are hopeful that we will see progress soon." He pointed out that secondary bond volumes are about Rs 1.4 lakh crore a month, while equity markets trade around that much in a single day. If bond trading can be made more comparable to equity trading-- in terms of settlement, platforms, and even trading culture the investment class could see significant growth, he added. In 2023, Sebi allowed stock exchanges to launch derivative contracts on indices of corporate debt securities rated AA+ and above, but the move failed to gain traction. On

Adani's regulatory challenges not over as other Sebi probes continue

While there's nothing to indicate whether the conglomerate will face any fines or regulatory censure on pending matters, it means that there'll likely be more Sebi orders on the Adani Group

Need full probe into 'Modani Scam': Congress on Sebi clean chit to Adani

A day after the SEBI's clean chit to the Adani Group in the Hindenburg matter, the Congress on Friday said there is a continued need to investigate the "scam" in all its dimensions as it extends far beyond the scope of investigations by the market regulator. Congress general secretary in-charge communications Jairam Ramesh said in a statement that contrary to the managed headlines, the commercial partner in "Modani Enterprises" has now received a "clean chit" from SEBI only in two of the 20 matters being investigated by it under a Supreme Court-mandated probe. In a statement, Ramesh said there is continued need to investigate the "Modani Scam" in all its dimensions. He also shared a set of questions the party had posed in the 100-question-series "Hum Adani Ke Hain Kaun" (HAHK), and said they remain unanswered. The Congress leader noted that the Supreme Court on March 2, 2023 had directed SEBI to "conclude the investigation within two months" following the Hindenburg Report. "Yet,

Motilal Oswal pays ₹34.85 lakh to settle front-running case with Sebi

Motilal Oswal Financial Services on Thursday settled proceedings in connection with alleged lapses related to suspected front-running of trades of a large client, after paying Rs 34.85 lakh towards settlement charges. Front-running refers to an illegal practice in the stock market where an entity trades based on advance information from a broker or analyst before the information has been made available to its clients. The order came after Motilal Oswal Financial Services Ltd (MOFSL) proposed to settle instant proceedings initiated against it, "without admitting or denying the findings of facts and conclusions of law". "...it is hereby ordered that the proceedings initiated against the applicant (MOFSL) vide SCN (Show Cause Notice) dated February 20, 2025, is disposed of in terms of settlement terms," Sebi's Quasi Judicial Authority Santosh Shukla said in the order. The matter arose from an investigation carried out by the Securities and Exchange Board of India (Sebi) to ascertain .

Sebi clean chit in Hindenburg case triggers upto 13% rally in Adani stocks

This regulatory clean chit removes a significant overhang and is likely to bolster institutional investor confidence in Adani Ports, ICICI Securities said

Sebi gives Adani group clean chit, dismisses Hindenburg allegations

Sebi closed proceedings against the Adani group, Gautam Adani and associates, dismissing Hindenburg's charges of fund diversion, RPT violations and fraud raised in 2023

Infrastructure sector needs more institutional investments: Sebi chief

Diverse pool of participants will help improve liquidity in infra securities, says Tuhin Kanta Pandey

Sebi mulls allowing FPIs in non-cash, non-agri commodity derivatives

Mulls allowing FPI participation in non-cash, non agri commodity derivatives

Sebi seeks govt nod for banks, pension funds in non-agri commodity trade

Sebi will "engage" with the government to allow banks, insurance companies and pension funds to invest in non-agriculture commodity derivative markets, chairman Tuhin Kanta Pandey said on Wednesday. He said the capital markets regulator is also looking at a proposal to allow foreign portfolio investors to trade in non-cash settled, non-agricultural commodity derivative contracts. "We will also engage with the government to consider banks, insurance companies and pension funds to trade in these (non-cash, non-agricultural) markets," Pandey said, while speaking at the event organised by MCX. By December 2025 end, Sebi will include commodity-specific brokers in a common reporting mechanism for compliance reports. Pandey also said that the commodity markets have to play an important role in ensuring rare metals security for the country.

Sebi's expanded probe may tighten noose around US trading firm Jane Street

Sebi has broadened its probe into Jane Street beyond Bank Nifty to other indices, with early findings suggesting wider market manipulation than seen in the July order

Margin trading: Track trades, set stop-losses, focus on quality stocks

Be on the alert for margin calls, have liquidity for top-ups, especially in volatile markets

Hero Motors gets Sebi nod to float ₹1,200 crore IPO; check key details here

Hero Motors aims to raise ₹1,200 crore through its maiden public issue, comprising a fresh issue of ₹800 crore and an offer for sale (OFS) of ₹400 crore

Sebi signals more relaxations to ease onboarding of foreign investors

Sebi is considering new relaxations for foreign portfolio investors, including a common KYC system and wider use of India Digital Signature to simplify onboarding and compliance

Canara HSBC Life Insurance secures Sebi approval for proposed IPO plan

State-owned Canara Bank on Monday said its subsidiary, Canara HSBC Life Insurance Company Ltd, has received capital market regulator Sebi's nod for its proposed initial public offering (IPO). Canara HSBC Life Insurance has received communication from the Securities and Exchange Board of India (Sebi) vide letter dated September 15 on final observations and for filing Updated Red Hearing Prospectus (UDRHP), Canara Bank said in a regulatory filing. The offer comprises an offer for sale of up to 23.75 crore shares of face value of Rs 10 each, including up to 13.77 crore shares by Canara Bank, up to 47 lakh shares by HSBC Insurance (Asia-Pacific) Holdings and up to 9.5 crore shares by Punjab National Bank. Canara HSBC Life Insurance Company is a three-way venture promoted by Canara Bank and HSBC Insurance (Asia-Pacific) Holdings, a member of The Hongkong and Shanghai Banking Corporation Ltd (HSBC) group, and another state-owned lender Punjab National Bank (PNB). The company had the ...

Orkla India gets Sebi nod for IPO; parent of MTR Foods, Eastern Spices

Orkla India, the parent of MTR Foods and Eastern Spices, has received SEBI approval for its IPO involving the sale of 2.28 crore equity shares by promoter and shareholders

FIA flags concerns over Sebi's closing auction plan, seeks changes

FIA has urged Sebi to revise its closing auction session proposal, warning of price discrepancies, expiry-day risks, and operational complexity without harmonisation

Reits rally as Sebi reclassifies them as equity for mutual fund flows

Reits surged after Sebi reclassified them as equity securities for mutual fund investments, a move expected to lift liquidity, expand investor base and attract capital