Page 146 - Sebi

Sebi introduces legal identifier system for issuers with listed NCDs

Capital markets regulator Sebi on Wednesday introduced Legal Entity Identifier (LEI) system for issuers that have listed or planning to list non-convertible securities, securitised debt instruments and security receipts. LEI, a unique global identifier for legal entities participating in financial transactions, is designed to create a global reference data system that uniquely identifies every legal entity, in any jurisdiction, that is party to a financial transaction. It is a unique 20-character code to identify legally distinct entities that engage in financial transactions. Presently, Reserve Bank of India (RBI) mandates non-individual borrowers having aggregate exposure of above Rs 25 crore to obtain LEI code. In view of this, Sebi said that issuers having outstanding listed non-convertible securities as on August 31 will have to obtain and report the LEI code in the centralised database of corporate bonds by September 1, according to a circular. Similarly, issuers having ...

New mutual fund schemes with performance-based fee on the anvil

Proposal being reviewed by a working group formed by Sebi

Hope Sebi will get clarity on foreign funds invested in Adani group: Cong

The Congress on Wednesday said it hopes SEBI will use all means at its disposal to get clarity about the ultimate beneficial ownership of foreign funds invested in the Adani group. The party also asserted that public interest must not be undermined using the excuse of confidentiality and privacy. Its assertion came over a media report which claimed that some foreign funds invested in Adani group companies have declined to identify their beneficial owners, citing client confidentiality and foreign privacy laws. Tagging the report, the Congress' general secretary in-charge of communications Jairam Ramesh said on Twitter, "We hope SEBI will use all the means at its disposal to get clarity about ultimate beneficial ownership of these funds given the serious and credible allegations of money-laundering, round-tripping and violations of securities laws against the Adani Group." Public interest must not be undermined using the excuse of confidentiality and privacy, he said, adding that th

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Adani group report: Petitioner opposes six-month extension to Sebi

Sebi, which was set to file a status report in the matter on May 2, asked top court to give it six more months to complete its probe into short-seller Hindenburg Research's allegations against Adani

Tata Play's confidentially filed IPO gets market regulator Sebi go-ahead

Following the issuance of the observation letter, Tata Play will now have to file an updated draft red herring prospectus (UDRHP-1) before it launches its IPO

Tata Play, ideaForge Technology get Sebi's go ahead to float IPOs

Two companies -- Tata Play, formerly known as Tata Sky, and drone maker ideaForge Technology -- have received capital markets regulator Sebi's approval to raise funds through initial public offerings (IPOs). Tata Play, the first company in India to use the confidential pre-filing of draft papers option for an initial share sale in December 2022, obtained the regulator's observation letter on April 26. IdeaForge Technology, which filed its preliminary papers with the regulator in February this year, got its observation letter on April 13, an update with Sebi showed on Tuesday. In the Securities and Exchange Board of India's (Sebi's) parlance, its observation implies its go-ahead to launch the IPO. Under the pre-filing route, there is no pressure on the company to go for an IPO, experts said. Moreover, unlike the traditional route where companies have to launch the IPO within 12 months from the Sebi approval, or final observation; in the pre-filing route, an IPO can be floated withi

MFs turn net sellers in April, offload equities worth Rs 5,100 crore

The benchmark indices, Sensex and Nifty50, logged their biggest monthly advance since November last year, gaining 3.6 per cent and 4.1 per cent last month

Sebi fines Future Corporate Resources, 14 others for open offer lapses

Sebi has imposed a penalty totalling Rs 20 lakh on Future Corporate Resources, Kishore Biyani and 13 others for failing to make a public announcement of an open offer to the shareholders of Praxis Home Retail. They have been asked to pay the fine within 45 days, the Securities and Exchange Board of India (Sebi) said in its order. Sebi found that Future Corporate Resources Pvt Ltd (FCRL) along with 14 entities failed to make a public announcement of an open offer following the increase in the shareholding of FCRL in Praxis. Praxis' equity shares aggregating to 30 lakh were allotted to one of its promoter entities FCRL, following the exercise of the conversion option of 3,180 compulsorily convertible debentures (CCDs) by FCRL, out of the 7,500 CCDs initially allotted to it. After exercising the conversion option, the shareholding of FCRL in Praxis rose from 47.43 per cent in the quarter ended December 2019 to 53.13 per cent, an increase of 5.71 per cent in shareholding as of February

Sebi's new rule: Stock brokers can't use clients' funds for bank guarantees

Existing bank guarantees that were created using clients' funds will need to be wound down by September 30, Sebi said

Adani Ent, ACC: Charts indicate positive trend in select Adani Group stocks

Adani Enterprise , in particular, could see a rally of up to 11 per cent in coming sessions

Sebi imposes Rs 10 lakh fine on Angel Broking for flouting regulatory norms

Capital markets regulator Sebi has slapped a fine of Rs 10 lakh on brokerage firm Angel Broking Ltd for alleged violation of regulatory norms. Angel Broking Ltd (now known as Angel One Ltd) is a Sebi-registered stock and commodity broker. The firm is listed on both the bourses -- BSE and NSE. The order came after Sebi along with the stock exchanges and the depositories conducted a comprehensive joint inspection of the functioning of Angel Broking Ltd (ABL). The period of inspection was from April 2019 to December 2020. Based on the findings of the inspection, the markets watchdog initiated adjudication proceedings against ABL. In its 78-page order, Sebi found that ABL pledged securities of clients who have a credit balance in their ledger and the mis-utilisation was to the extent of Rs 32.97 crore. Also, the regulator observed that the noticee (ABL) did not do actual settlement of funds of inactive clients during the inspection period in 300 instances and the non-settled amount wa

FPI details in Adani saga: Sebi may seek govt help on info from overseas

Sebi may exercise info-sharing rights under IOSCO, MoUs with nations

Sebi cancels licence of brokerage house CNB Commodities in NSEL case

Markets regulator Sebi has cancelled the registration of brokerage house CNB Commodities for participating in illegal 'paired contracts' launched by the now defunct National Spot Exchange Ltd (NSEL). In addition, Sebi 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 CNB Commodities, which was a member of the NSEL, in 'paired contracts that did not have regulatory approval. The alleged transactions were carried out by the broker on the NSEL platform in 2012-13 and 2013-14. In its order, Sebi said there were enough red flags for a reasonable person to come to conclude that what was being off

Exchange route mandatory for sub-Rs 25 crore ETF deals from Tuesday

At present, investors directly deal with the asset management companies (AMCs) for purchase and redemption of ETFs - passive schemes that track a particular benchmark such as the Nifty50 index

Penalty for margin shortfall in derivative trading to begin from Tuesday

The trading volumes in the derivatives section have been declining since Sebi began tightening margin norms for investors

May create perception issue: Cong on more time to Sebi for Adani probe

The Congress on Monday said granting a six-month extension to the Securities and Exchange Board of India (SEBI) to complete its probe into the alleged stock price manipulation by the Adani group may create the perception the investigation is not being seriously pursued but being "buried". Market Regulator SEBI has moved the Supreme Court seeking the extension to complete its investigation. Congress General Secretary (in-charge, communications) Jairam Ramesh said a Joint Parliamentary Committee (JPC) probe is needed to fully investigate the Adani issue, but a speedy SEBI investigation is also required to get to the bottom of the "very serious allegations". The top court had on March 2 asked the SEBI to probe the matter within two months and also set up a panel to look into the protection of Indian investors after a damning report by a US short-seller wiped out more than USD 140 billion of the conglomerate's market value. Tagging a media report on the SEBI's plea, Ramesh said, "SEBI

Sebi's Adani Group investigation hits a wall with offshore regulators

Sources said Sebi has been writing to various regulators in several jurisdictions over the past few weeks regarding the Adani issue

Fully cooperating with probe, says Adani after Sebi's extension request

A US-based short seller named Hindenburg report charged Adani Group with financial wrongdoings in its investigation on February 25

Sebi seeks 6-month extension to complete Hindenburg's Adani probe: Report

New York-based Hindenburg in January accused Adani Group of using a web of companies in tax havens to inflate revenue and stock prices, even as debt piled up