Page 21 - Sebi

Capitalmind gets Zerodha's Rainmatter backing after MF debut success

Capitalmind secures Series-A funding from Zerodha's Rainmatter after raising ₹45 crore in its mutual fund NFO. The Flexi Cap Fund reopens as Capitalmind targets retail and HNI investor segments

Sebi chief Tuhin Kanta Pandey denies ban on weekly options expiry

Sebi Chairman Tuhin Kanta Pandey rejects reports of ending weekly options expiries, says reforms in derivatives will undergo full market consultation before adoption

Sebi issues new norms for MIIs to review or waive regulatory penalties

Markets watchdog Sebi on Tuesday issued new guidelines for market infrastructure institutions (MIIs) -- stock exchanges, clearing corporations and depositories -- for handling requests to review or waive penalties related to regulatory actions. Under the new guidelines, if the action was taken by the Internal Committee (IC) or based on a pre-approved policy of the MII, then the Member Committee (MC) will still handle the review, appeal, or waiver requests, Sebi said in its circular. If the action was taken by the MC itself, such requests will now be handled by a new mechanism formed by the governing board of the MII. This new body will include public interest directors and/or independent external professionals, who are not part of the MC. The governing board are also required to establish a Standard Operating Procedure (SOP) for handling such cases. If members or participants are not satisfied with the outcome of this process, they are free to approach the appropriate legal ...

Tax dept probing Jane Street over possible tax treaty misuse: Report

Searches at the US trading firm's India offices by the income tax department have been underway since last week, sources have said

Sebi plans to ease related-party transaction rules for big companies

Sebi proposes easing related party transaction (RPT) norms for large companies, raising materiality thresholds and reducing the number of approvals needed from shareholders and audit committees

Fund of funds launch spree moves to hybrid, diversified equity space

5 all-in-one FoFs to plate up equity and debt, some with lower volatility baked in

NSE pays markets regulator Sebi $4.6 million to settle data sharing case

NSE's system architecture enabled it to send price-sensitive corporate announcements to NDAL's clients prior to being published on its website, violating disclosure norms, Sebi added

Choice AMC gets nod for MF foray; brokers call for F&O universe expansion

Brokers lobby group Association of National Exchanges Members of India (Anmi) on Friday called for an expansion of the stock universe eligible for futures and options (F&O) to deepen the cash market

Sebi's new reforms aim to streamline mega IPOs, drawing positive response

Sebi's proposals to ease IPO processes, including reducing retail quotas and lowering mandatory dilution, are expected to boost institutional participation and make large IPOs more flexible

Sebi chairman Tuhin Kanta Pandey commits to combat financial fraud

Sebi Chairman Tuhin Kanta Pandey stresses importance of early fraud detection and warns auditors and directors against merely ticking boxes for compliance, underlining need for more robust measures

Sebi proposes stricter norms for green bond reviewers to curb conflicts

Sebi on Friday said it has proposed to tighten the norms to appoint independent third-party reviewers or certifiers for green debt securities to align them with requirements for other ESG-linked bonds. In a draft circular, Sebi said that the current norms for green bonds, introduced in February 2023, lack detailed requirements around reviewer independence, conflict of interest mitigation, and disclosure standards that are now in place for other ESG-linked securities under a June 2025 circular. The regulator's latest proposal seeks public comments on a revised framework that would bring parity by incorporating comprehensive criteria for third-party certifiers of green bonds on non-convertible securities. Under the proposed norms, issuers of green debt securities will need to appoint reviewers who are independent of their management, directors, and key managerial personnel. These reviewers will be remunerated in a way that prevents any conflicts of interest and possess relevant ...

Choice AMC gets Sebi nod to launch mutual fund operations with ETFs

Financial services company Choice International on Friday said its arm Choice AMC has received final approval from Sebi to commence operations as an Asset Management Company (AMC), marking its foray into the mutual fund business. The regulatory clearance enables the Mumbai-headquartered Choice group to formally roll out its mutual fund operations, expand its offerings across the financial services spectrum, the company said in a statement. Choice will now initiate operations of its AMC, with a strategic and phased rollout beginning with passive investment products such as index funds and exchange traded funds (ETFs), it added. "This approval marks a significant milestone in the expansion of our financial services portfolio and reinforces our long-term commitment to delivering comprehensive and accessible investment solutions. "The mutual fund platform will initially focus on passive products, in line with our objective to build a stable, scalable, and professionally managed asset .

Sebi proposes to widen institutional investment in Reits and InvITs

Strategic investors receive allocation before an issue opens, and are required to invest at least 5% and up to 25% of the total offer size in REITs and InvITs

Jane Street not cooperating in India tax probe, says Income Tax Dept

Jane Street is accused of blocking server access and keeping financial records abroad, as the Income Tax department probes alleged tax violations linked to Sebi's earlier market manipulation case

Sebi plans larger quota for institutions in big IPOs, trims retail share

Sebi said its proposals reflect current market conditions, marked by robust mutual fund inflows and larger IPO sizes

Sebi plans revamp of large IPO norms; retail quota may drop to 25%

Sebi noted that while average IPO sizes have been increasing, direct retail participation has remained flat over the past three years

Sebi asks institutions to ensure digital access for special-needs persons

Capital markets regulator on Thursday directed all regulated entities to make their digital platforms accessible to persons with disabilities, in compliance with the Rights of Persons with Disabilities Act. In a circular, Sebi said, "The move is aimed at protecting the rights and dignity of persons with disabilities and ensuring their full and effective participation in the securities market". The directive follows a Supreme Court verdict dated April 30, 2025, that recognised digital access as a fundamental right under the right to life and liberty. The mandate applies to all Sebi-regulated entities (REs), including stock exchanges, clearing corporations, depositories, brokers, mutual funds, and KYC agencies. They must ensure compliance with key provisions of the Rights of Persons with Disabilities (RPwD) Act and related rules to facilitate access to websites, mobile apps and other platforms. Sebi said the regulated entities (REs) must submit lists of their digital platforms and .

Jane Street seeks 6 more weeks to reply to Sebi in options trade case

The Securities and Exchange Board of India is considering granting about four more weeks to the US trading firm

Sebi confirms ban on Gensol, Jaggi brothers in fund diversion case

Markets regulator Sebi on Wednesday upheld its interim order restraining Gensol Engineering and its former top executives Anmol Singh Jaggi and Puneet Singh Jaggi from the securities markets on concerns over fund diversion and corporate governance failures. Additionally, the regulator said Jaggi brothers, also co-founders of EV ride-hailing firm BluSmart Mobikity, would continue to be debarred from holding the position of a director or key managerial personnel in Gensol. The final order comes as the company undergoes insolvency proceedings under the supervision of a court-appointed professional. The brothers have been accused by Sebi of siphoning off loan funds from their publicly-listed company Gensol for personal use, raising concerns over corporate governance and financial misconduct. In a detailed confirmatory order, Sebi stated that the prima facie findings of misappropriation of funds and falsification of conduct letters to CRAs -- initially highlighted in its April 2025 inte

Sebi fines nearly ₹4 cr on 11 entities for share price manipulation

Markets regulator Sebi on Wednesday imposed a penalty totalling Rs 3.87 crore on 11 individuals for manipulating the share price of Darshan Orna Ltd (DOL) using social media channels. The fines need to be paid within 45 days, the Securities and Exchange Board of India (Sebi) said in its order. In its order, Sebi noted that a multi-layered market manipulation scheme was orchestrated in the scrip of DOL during September 2021 to June 2022, involving these entities across three distinct operational tiers, whereby in tier 1, Noticee 1 (Aakash Doshi) accumulating the company's shares through his own account and those of his father Dilip Doshi, while Kevin Kapadia traded in his wife's account Kruti Kevin Kapadia and provided crucial funding support to other participants. In tier 2, the funding infrastructure was bolstered by Satyen Dalal, who provided Rs 46 lakh in tranches to the Doshi family during the share accumulation phase and received back 90 per cent of these funds during the selli