Page 30 - Sebi

Sebi launches investor awareness campaign on AIR to prohibit fraud

Markets regulator Sebi on Thursday announced the launch of an investors' awareness campaign on All India Radio (AIR) specifically on frauds related to the securities market taking place through social media platforms. Also, Sebi in collaboration with the Ministry of Panchayati Raj has launched a nationwide training initiative for block-level panchayat representatives to promote financial literacy and investor education at grassroots level. In a statement, the regulator said the aim of the awareness campaign is to "caution investors to protect themselves from fraudsters, to curb fraudulent activities taking place on social media platforms, and to protect the interest of investors". To launch this campaign, the first session by Sebi Chairman Tuhin Kanta Pandey would be aired on August 15 on All India Radio channels, which has PAN India reach. The move comes in the backdrop of Sebi observing that a lot of investors losing money through stock trading fraud on various social media ...

Sebi bans Wadhawan brothers for five years in DHFL fund diversion case

Sebi has barred Kapil and Dheeraj Wadhawan from the markets for five years in the DHFL fund diversion case and imposed penalties totalling Rs 120 crore on them and ex-executives

Sebi proposes to add algorithmic trading into stock broker regulations

These proposals come a month after Sebi temporarily barred US-based trading firm Jane Street, citing manipulation of key indexes

Sebi bans DHFL's Kapil Wadhawan, Dheeraj Wadhawan from securities market

Markets regulator Sebi on Tuesday barred Dewan Housing Finance Ltd's former CMD Kapil Wadhawan, ex-director Dheeraj Wadhawan, and four others from the securities markets for up to five years for committing financial irregularities, diverting funds, and fabricating books. The others who have been prohibited by Sebi are -- Rakesh Wadhawan, who was non-executive chairman, Sarang Wadhawan, a former non-executive director, Harshil Mehta, joint managing director & CEO, and Santosh Sharma, a former CFO. Sebi also fined the six individuals Rs 120 crore. Kapil Wadhawan and Dheeraj Wadhawan have each been restrained from the securities markets for five years, while Rakesh Wadhawan and Sarang Wadhawan face a four-year ban, and Harshil Mehta and Santosh Sharma have been prohibited for three years, according to the Sebi order. During these periods, they cannot access the securities market, deal in securities in any manner, or hold any role such as director or key managerial personnel in ...

Sebi proposes standard code for smooth transfer of securities to heirs

Capital markets regulator Sebi on Tuesday proposed the introduction of a standard reason code to streamline the transfer of securities from nominees to legal heirs and ensure appropriate tax treatment for such transactions. In a consultation paper, Sebi suggested introducing a specific reason code 'TLH' (Transmission to Legal Heirs) to be used by registrars, depositories and other reporting entities while intimating the Central Board of Direct Taxes about such transmissions. The move seeks to enable proper application of the provisions of the Income Tax Act, 1961. Currently, transmission of securities from nominee to legal heir of the original holder, some transactions are being treated as normal sale of securities. This has resulted in capital gains tax being levied on nominees, even though clause (iii) of Section 47 of the Act does not consider such transmissions as "transfers" for tax purposes, Sebi said. The regulator noted that the nominee merely acts as a trustee for the ben

Sebi flags ₹77,800 cr as difficult-to-recover dues in FY25 annual report

Sebi identifies ₹77,800 crore as difficult-to-recover dues, outlines reforms for FPIs, intermediaries, takeover rules, and investor awareness in its FY25 annual report

Sebi looks to further ease market regulations for foreign investors

Currently, SIFs allow asset management companies to offer a limited set of strategies across equity, debt, and hybrid categories

There's ample room for new entrants in equity exchange: NCDEX MD & CEO

With a strong rural connect, cutting-edge risk management systems, and a clear growth vision, the exchange sees vast untapped potential beyond India's metros, says Arun Raste

Sebi proposes single window gateway for low risk foreign investors

Markets regulator Sebi has proposed introducing a single window access for low risk foreign investors seeking to participate in the Indian securities market, a move aimed at simplifying compliance and enhancing the country's attractiveness as an investment destination. The new framework -- Single Window Automatic & Generalised Access for Trusted Foreign Investors (SWAGAT-FI), if implemented, would provide easier investment access to low risk foreign investors, enable a unified registration process across multiple investment routes and reduce repeated compliance and documentation for such entities, Sebi said in its consultation paper. The low risk foreign investors identified by Sebi include government-owned funds, central banks, sovereign wealth funds, multilateral entities, highly regulated public retail funds, and appropriately regulated insurance companies, as well as pension funds. As of June 30, 2025, India had 11,913 registered FPIs, holding assets worth Rs 80.83 lakh crore

Building bridges anew: RBI, banks must fine-tune board roles in governance

The developments at IndusInd Bank have led RBI's senior supervisory managers (SSMs) to take a closer look at bank boards, including the agenda presented, the time spent discussing specific items

Sebi moots lighter regulatory framework for AIFs with accredited investors

Capital markets regulator Sebi has proposed a separate category of Alternative Investment Fund (AIF) schemes, consisting of accredited investors, which will enjoy a lighter-touch regulatory framework compared to regular AIFs. In a consultation paper issued on Friday, Sebi suggested that such accredited investors (AI-only schemes) could be allowed certain flexibilities, given that accredited investors are deemed to have the knowledge, financial capacity and risk appetite to make informed investment decisions without the same level of regulatory safeguards required for retail participants. The proposal includes exemptions from requirements such as maintaining pari-passu rights among investors, NISM certification for key investment team members, and the current limit of 1,000 investors per scheme, the regulator said. These schemes could also extend their tenure by up to five years, subject to investor approval, and in the case of trust-structured AIFs, managers could take over certain

Sebi streamlines norms for converting private InvITs to public ones

Sebi has revised the framework for converting private listed Infrastructure Investment Trusts (InvITs) into public InvITs, streamlining sponsor holding norms and aligning disclosure requirements with follow-on offers. The Securities and Exchange Board of India (Sebi) said the changes, effective immediately, are based on market feedback and recommendations of the Hybrid Securities Advisory Committee. Under the revised framework, sponsors and their groups must comply with the minimum unitholding requirements specified in the InvIT regulations at all times. The lock-in on such units will also be as per the regulations, the regulator said in a circular on Friday. The market regulator has also modified the procedural and disclosure norms for public offers during conversion to bring them in line with those applicable for follow-on offers. Accordingly, InvITs will have to adhere to the follow-on offer requirements under InvIT rules and related circulars, including any amendments. These

Sebi scraps transaction charges for MF distributors, effective immediately

Markets regulator Sebi has abolished transaction charges paid to mutual fund distributors, bringing an immediate end to the provision that allowed asset management companies (AMCs) to pay such charges for investments above a certain threshold. The regulator said the decision came after a public consultation was carried out in May 2023 and an industry consultation in June this year. Under the earlier framework, Sebi said distributors were eligible for such charges if they brought in a minimum subscription amount of Rs 10,000. "...Sebi Master Circular for Mutual Funds dated June 27, 2024, allows AMCs to pay to the distributor transaction charges, subject to a minimum subscription amount of Rs 10,000 brought in by such distributors," the regulator said in a circular on Friday. Based on the feedback, Sebi observed that distributors, as agents of AMCs, are entitled to be remunerated by the AMCs, the "charges or commission, as prescribed under rules, shall be done away with". Accordingl

Sebi proposes single-window gateway for trusted foreign investors

Sebi's SWAGAT-FI proposal aims to give trusted foreign investors a streamlined, low-cost entry to India's capital markets with simplified registration and compliance

Sebi proposes lowering investment limit for LVFs under AIF framework

The current minimum threshold for LVF AIFs is Rs 70 crore, which could be brought down to Rs 25 crore after the public consultation process is over

Sebi proposes new lighter-touch approach for accredited investors for AIFs

Sebi's latest consultation paper has proposed gradual transition from the traditional minimum commitment threshold to using only accreditation status as the metric for investor sophistication in AIFs

JSW Cement public offer booked 56%; Varmora Granito files DRHP with Sebi

Tiles and bathware maker Varmora Granito Ltd has filed draft papers with the Securities and Exchange Board of India (Sebi)

Dissent, don't be honorary appointees: Sebi chief to independent directors

Sebi Chairman urges independent directors to evolve from passive critics to active stewards, highlighting AI, ESG, and whistle-blower oversight as urgent board priorities

Related-party transactions below pre-pandemic levels, shows data

An RPT is a deal between connected entities. This can involve buying or selling of goods or raw materials among group companies

Independent directors must be stewards of accountability: Sebi chief

Sebi chief Tuhin Kanta Pandey underlined the need for broader diversity in board composition, drawing talent from varied sectors, younger professionals, and individuals outside familiar networks