Page 144 - Sebi

Was Sebi asleep as investors duped: Cong on 'no probe against' Adani

With SEBI telling the Supreme Court that it was not investigating the Adani Group since 2016, the Congress on Monday cited a Union minister's reply in the Lok Sabha to challenge the claim and asked whether Parliament was misled or the market regulator was "fast asleep" as investors were "duped". The Securities and Exchange Board of India (SEBI) told the Supreme Court that it was not investigating the Adani Group since 2016 as claimed. The probe pertained to the issuance of Global Depository Receipts (GDRs) by 51 Indian firms and no listed company of the Adani Group was among them, it said. The fresh rejoinder affidavit was filed by the market regulator before a bench headed by Chief Justice D Y Chandrachud which adjourned to Tuesday the hearing on PILs and a separate plea of the SEBI seeking extension of six months to complete a probe into allegations of stock price manipulation by the Adani Group. Reacting to the development, Congress general secretary Jairam Ramesh tweeted, "The .

Adani-Hindenburg row: Not investigating Adani group since 2016, Sebi to SC

The Securities and Exchange Board of India (SEBI) on Monday told the Supreme Court that it was not investigating the Adani group since 2016 and termed such claims factually baseless". The earlier investigation pertained to the issuance of Global Depository Receipts (GDRs) by 51 Indian firms and no listed company of Adani group was among them, submitted the market regulator which is seeking an extension of six months to complete a probe into allegations of stock price manipulation by the Guatam Adani-led group. On May 12, lawyer Prashant Bhushan had opposed the plea for the extension of time, saying SEBI was seized of some kind of investigation in the matter since 2016. The fresh rejoinder affidavit by SEBI was filed by the market regulator before a bench headed by Chief Justice D Y Chandrachud which adjourned to Tuesday the hearing on PILs and a separate plea of the SEBI on the issue of extension of time. The hearing on the market regulator's plea and PILs could not take place on

'Factually baseless': Sebi to SC on probing Adani firms since 2016

Stand by reply that stated Sebi was probing some Adani group firms: FinMin

SC defers hearing of Adani-Hindenburg case; extension to Sebi yet uncertain

The deadline was sought by the regulator to complete the probe of the allegations in the Hindenburg report

National Centre for Financial Education invites application for CEO post

National Centre for Financial Education (NCFE), promoted by capital markets watchdog Sebi and other regulators, has invited applications for the post of chief executive officer. The CEO is expected to provide administrative, operational and strategic leadership to NCFE under the overall guidance of its board of directors, according to a public notice issued by the Securities and Exchange Board of India (Sebi). The appointment would be on contract basis for a period of three years initially, which can be extended up to a maximum of two years or till the age of 65, whichever is earlier. Applicants are required to have the vision and ability to transform NCFE into an institution of national importance. The selected candidate will exercise general supervision and control over the day-to-day affairs of the institute and implement the decisions of its governing board, the notice said. Also, the selected candidate needs to develop new partnerships with multiple agencies and stakeholders -

Allegations that we have been investigating Adani since 2016 baseless: Sebi

Sebi also sought an extension of the deadline to complete the probe to ensure 'carriage of justice'

Sebi proposes delisting mechanism for non-convertible debt securities

Capital markets regulator Sebi has proposed a mechanism for the voluntary delisting of non-convertible debt securities. Under the mechanism, an entity should not be permitted to delist a few non-convertible debt securities while other non-convertible debt securities continue to remain listed. Accordingly, the proposed mechanism would apply to the voluntary delisting of all listed non-convertible debt securities from all or any of the recognised stock exchanges. The proposed mechanism would not be applicable to the delisting of non-convertible debt securities of a listed entity that have been delisted by the stock exchanges as a consequence of any penalty or delisted under a resolution plan approved under the IBC. Notwithstanding this, a listed entity that has more than 200 non-QIB (qualified institutional buyers) holders in any ISIN (International Securities Identification Number) relating to listed non-convertible debt securities, should not be able to voluntarily delist any of it

Sebi moots norms for fractional ownership platforms offering real estate

Capital markets watchdog Sebi has floated a consultation paper for regulating all web-based platforms offering fractional ownership of real estate assets to protect small investors. Such fractional ownership of real estate assets is proposed to be brought as Micro, Small and Medium REITs under Sebi's Real Estate Investment Trusts rules. The proposed regulatory framework would help develop the real estate market, provide investor protection measures and lead to an orderly development of this sector and the market, Sebi said in its consultation paper. Typically, fractional investment of real estate through fractional ownership platforms (FOPs) is an investing strategy in which the cost of acquisition of real estate is split among several investors, who invest in securities issued by a special purpose vehicle (SPV) established by an FOP. Such SPVs purchase real estate assets. FOPs allow investors to own a certain percentage or fractional share in the real estate asset through the ...

MF's NFO collection drops 42% to Rs 62,342 cr in FY23; AMCs float 12 NFOs

Hit by markets regulator Sebi's ban on the launch of new fund offerings, mutual funds' collection through fresh schemes remained subdued at Rs 62,342 crore in 2022-23, which was 42 per cent lower than in the preceding fiscal. However, a higher number of NFOs were launched in 2022-23 (FY23) compared to the preceding year. A total of 253 new schemes were floated in FY23, which was way higher than 176 new fund offers (NFOs) launched in 2021-22, according to the data compiled by Morningstar India. Moreover, in the current fiscal so far, AMCs have floated 12 NFOs in different categories, the industry data stated. In the past fiscal year, fund managers focused on passive funds and fixed income categories like fixed maturity plans. As per the data, a total of 182 open-end funds and 71 closed-end funds were launched in the financial year 2022-23, and cumulatively, these funds garnered Rs 62,342 crore. In comparison, 176 NFOs were floated in 2021-22 and cumulatively, these funds were able

Sebi with BSE, NSE establishes an Investor Service Center in New Delhi

/ -- The ISC which is managed by BSE, was inaugurated by SEBI Whole Time Member Shri SK Mohanty on May 13, 2023, in the presence of Shri Amit Pradhan, Regional Director, Northern Region Office - SEBI, Chief Business Officer - BSE, Shri. Sameer Patil, Shri Khushro Bulsara - Head BSE Investors Protection Fund and other senior officials from SEBI, Stock Exchanges, Stockbrokers and Mutual Fund Distributors. This Centre will facilitate resolution of complaints of investors against all listed corporate entities and other registered intermediaries in the securities market and also facilitate conducting of investor awareness programs in the entire Northern Region.

Sebi to regulate platforms offering ownership of real estate assets

Sebi has proposed regulating all online platform that offer fractional ownership of real estate assets, in a bid to provide protection to small investors

In a first, Sebi mulls rules for fractional ownership in real estate

The regulator has prescribed mandatory registration of platforms operating in this space

SC may grant 3-months extension to Sebi in Adani vs Hindenburg probe

From hearing a plea in the Adani vs Hindenburg case, to Delhi govt's decision to move the court, here are some of the important cases heard today

Sebi cancels Bharat Bhushan Finance and Commodity Brokers registration

Markets regulator Sebi on Friday cancelled the registration of brokerage house Bharat Bhushan Finance and Commodity Brokers Ltd for participating in illegal 'paired contracts' launched by now defunct National Spot Exchange Ltd (NSEL). In addition, the regulator has asked the broker to allow its existing clients to withdraw or transfer their securities or funds held in its custody within 15 days. In case of failure of any clients to withdraw or transfer their securities or funds within this period, the broker will transfer the funds and securities of such clients to another broker within a period of the next 15 days thereon under the advice of the said clients. The case relates to the participation of Bharat Bhushan Finance and Commodity Brokers in 'paired contracts' that did not have regulatory approval. The broker traded in the alleged paired contracts from April 2012 to May 2013 on the screen based trading platform of NSEL on behalf of and in accordance with the instructions of t

Investors expect Sebi will fulfil mandate of protecting interests: Congress

The Congress on Friday said lakhs of investors expect that SEBI will faithfully fulfil its mandate of protecting their interests, and ensure transparency and accountability while probing the "opaque network of shell companies" that have allegedly funnelled crores into Adani companies. The Congress' assertion came after the Supreme Court said it may consider granting three more months to SEBI for concluding its probe into the allegations of stock price manipulation by the Adani group and lapses in regulatory disclosure, and listed a batch of PILs and plea by the market regulator on May 15. Tagging a media report on the Supreme Court's observations in the matter, Congress general secretary Jairam Ramesh said in a tweet, "Supreme Court has given time till August 15th for SEBI to submit its report on the Adani Group." "Lakhs of investors expect that SEBI will faithfully fulfil its mandate of protecting their interests, and ensure transparency and accountability while probing the opaqu

Adani-Hindenburg: May grant Sebi a three-month extension for probe, says SC

In April, Sebi moved the SC and sought a six-month extension to complete its probe

Jupiter Life Line Hospitals files IPO papers with Sebi to raise Rs 615 cr

Multispecialty hospital chain Jupiter Life Line Hospitals has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO). The IPO comprises fresh issue of equity shares worth Rs 615 crore and an offer for sale (OFS) of 44.5 lakh equity shares by promoter group entities and other shareholders, according to the draft red herring prospectus (DRHP). Current promoters Ajay Thakker, Ankit Thakker and Western Medical Solutions LLP are not diluting their stake in the IPO. Proceeds of the fresh issue to the tune of Rs 464 crore will be utilized to retire debt. Besides, funds will be used for general corporate purposes. The Mumbai-headquartered company may consider a pre-IPO placement of Rs 123 crore and if such placement is undertaken, fresh issue size will be reduced. The hospital chain operates in Thane, Pune and Indore under the "Jupiter" brand with a total bed capacity of 1,194 as of December 2022. Jupiter Hospitals, which has

SoftBank offloads 2% stake worth $120 million in Paytm to meet SEBI rules

This was done in a series of open market transactions since Feb 2023 to comply with Sebi's takeover regulations

Sebi's Shirpur Gold Refinery order raised before NCLT, may bite Goenkas

Bourses NSE, BSE brought up the issue during Zee-Sony merger hearing

Adani shortseller saga probe to test Sebi, SC check on the rich & powerful

With PM largely silent on the controversy despite attacks from opposition, these investigations are most significant way India can signal to investors that it is willing to scrutinize its largest firm