Page 31 - Sebi

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

Upcoming IPO! Transline Technologies files draft papers with Sebi; details

The equity shares, as proposed in the DRHP, are to be listed on the National Stock Exchange of India (NSE) and the BSE.

Silver Consumer Electricals files DRHP for ₹1,400-cr IPO; check key details

Silver Consumer Electricals plans to raise ₹1,400 crore through a combination of fresh issue aggregating up to ₹1,000 crore and an offer for sale (OFS) aggregating up to ₹400 crore

Sebi chief urges redefining independent directors' role for accountability

Capital markets regulator Sebi chief Tuhin Kanta Pandey on Friday called for redefining the role of independent directors, emphasising that they must be regarded and treated as stewards of accountability. "We cannot continue to view them as honorary appointees or friendly critics. They must be viewed and treated as stewards of accountability," Pandey said while addressing the 2025 Annual Directors' Conclave. According to him, this transformation requires a change in multiple areas. Independent directors must feel free to dissent and be well-versed in emerging risks such as AI governance, cyber threats, and ESG disclosures. Their orientation should be ongoing, rather than limited to a one-time induction. Pandey stressed the need for broader diversity in board composition, drawing talent from varied sectors, younger professionals, regional voices, and individuals outside familiar networks. "A board that never disagrees is not aligned - it's asleep. Divergent views, when rooted in ...

Sebi proposes relaxing educational qualification criteria for IAs, RAs

Market regulator proposes to ease IA, RA registration and fee rules, broaden eligibility to all graduates, and allow past data sharing with client consent

Sebi proposes activity-based rules, single category for RTAs

Sebi on Thursday proposed introducing activity-based regulation for Registrars and Transfer Agents (RTAs), whereby services provided to listed companies would fall within its regulatory ambit and those for unlisted firms would be overseen by the Ministry of Corporate Affairs (MCA). RTAs that cater to both listed and unlisted entities will be required to establish a Separate Business Unit (SBU) exclusively for unlisted services. These SBUs should be set up within 18 months from the date of implementation, Sebi said in its consultation paper. Also, RTAs are required to ensure complete operational separation between the listed and unlisted businesses. "While registrations shall continue to be granted by Sebi, services provided by RTAs to unlisted companies will be overseen by the MCA. The MCA will handle investor complaints pertaining to unlisted securities," the regulator said. Additionally, Sebi has also proposed merging the two existing categories -- Registrar to an Issue (RTI) an

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