Page 31 - Sebi

Sebi extends timeline of addl liquidation period for VCFs migrating

Markets regulator Sebi on Friday extended the additional liquidation timeline by one year till July 2026 for venture capital funds (VCFs) transitioning to alternative investment funds rules. Sebi, in August 2024, issued modalities and conditions for VCFs to migrate to the Alternative Investment Funds (AIFs) rules. This also allowed VCFs, with at least one scheme not yet wound up after the end of their liquidation period, an additional liquidation period until July 19, 2025, if they migrate to AIF Regulations. Based on industry feedback and to facilitate migration, Sebi has now extended this additional liquidation period to July 19, 2026, according to a circular issued on Friday. A 'Migrated VCF' is a VCF that transitions to become a sub-category of VCF under Category I - Alternative Investment Fund as per the AIF norms. The market watchdog reiterated that VCFs' transition to AIF regulations are given an additional liquidation period till July 19, 2025. On application requirements,

Sebi comes out with operational framework for ESG debt securities

Markets regulator Sebi on Thursday came out with an operational framework for issuance of social bonds, sustainability bonds and sustainability-linked bonds, which together will be known as Environment, Social and Governance (ESG) debt securities. This will help issuers to raise money for more sustainable projects, assisting in closing the funding gap for the Sustainable Development Goals. In its circular, Sebi said the debt securities will be labelled as 'social bonds' or 'sustainability bonds' or 'sustainability-linked bonds' only if the funds raised through the issuance of such debt securities are proposed to be utilised for financing or refinancing projects. The regulator has addressed the initial and continuous disclosures for sustainable securitised debt instruments that would be based on international frameworks. Initial disclosures would be made in the offer document for the securities, while continuous disclosures would be included in annual reports or other mandated ...

Sebi issues warning letters to NSDL over compliance and cyber alert lapses

Securities and Exchange Board of India warns NSDL for lapses in demat account visibility and cyber alert tracking, urging stronger controls to avoid future issues

Omnivore India, others settles with Sebi over delay in winding up VCF

Omnivore India Capital Trust and Omnivore Capital Management Advisors have settled a case pertaining to alleged delay in winding up the venture capital fund on payment of Rs 14.62 lakh. This came after the two entities filed an application with Sebi proposing to settle the enforcement proceedings that may be initiated against them for the violation of regulatory norms. In its settlement order passed on Wednesday, Sebi noted that the entities shelled out Rs 14.62 lakh and settled the matter. Accordingly, the regulator said it would not "initiate any enforcement action against the applicants for the said violations". The case relates to an alleged delay in winding up the venture capital fund, Omnivore India Capital Trust. The fund was registered with Sebi on June 1, 2011, as a Venture Capital Fund. The initial close and final close of the fund happened on April 2, 2012 and January 16, 2014, respectively. The Securities and Exchange Board of India (Sebi), which conducted a thematic .

Sebi relaxes stance on the IPOs of companies with high public float

Sebi has clarified that large public shareholding alone does not violate listing norms, paving the way for IPOs from firms like HDB Financial, Hero FinCorp, and Vikram Solar

Sebi warns investors against fake messages misusing its name and logo

Sebi has warned investors about fake messages using its name, logo, and forged documents. The regulator urged the public to verify such communication on its official website before responding

Sebi updates investor charter for advisers, analysts to aid literacy

Markets regulator Sebi on Monday tweaked the investor charter for investment advisers and research analysts to enhance financial inclusion and financial literacy. This came in view of the recent developments in the securities market, including the introduction of the Online Dispute Resolution (ODR) platform and SCORES 2.0 -- a web-based centralised grievance redressal system of Sebi. The modified charter includes vision, mission, services provided to investors and details of business transacted by investment advisers (IAs) /research analysts with respect to their investors, according to separate circulars. Additionally, it includes rights and responsibilities of investors; details of redressal mechanism available to investors and how to access it, along with formats for investors complaints data to be disclosed monthly by IAs and RAs on their website and mobile applications and trend of annual disposal of complaints. The markets regulator has investment advisers and research analys

Street Signs: Nifty hits the 25K wall, SAT's gavel comes down hard, more

The Securities Appellate Tribunal (SAT) will resume proceedings on Monday after a three-week summer recess

Brightcom Group Q4 results: PAT jumps 3-fold to ₹121 cr on higher revenues

Digital marketing and technology solutions provider Brightcom Group on Saturday said its consolidated Profit After Tax (PAT) jumped over three-fold to Rs 120.68 crore in the March quarter, compared to the year-ago period, mainly driven by higher revenues. In the quarter ended March 31, 2024 the company had reported a profit of Rs 37.46 crore, according to a company statement. Brightcom Group's operating income stood at Rs 987.48 crore in Q4FY25, up from Rs 704.60 crore in the same quarter of the previous year. For the fiscal 2024-25, the consolidated PAT for FY25 was Rs 710.03 crore, as against Rs 687.52 crore recorded in the previous fiscal year, the statement added. Brightcom achieved a consolidated operating income of Rs 5,146.66 crore, up from Rs 4,662.25 crore in FY24. The company further said that it has secured an interim relief from the Telangana High Court, which suspended certain penalties imposed by SEBI, citing a lack of prima facie evidence. Looking ahead, Brightcom

HDFC Bank, ICICI Bank stocks may feel Bank Nifty weight rejig pressure

Capping single-stock weight at 20% in non-benchmark indices may trigger ₹3,800 crore selloff in HDFC, ICICI Bank and pave way for Yes Bank, Union Bank entries

IVCA urges legacy VCFs to act fast on Sebi's one-time migration window

The new SEBI framework grants legacy venture capital funds a one-time migration window with fee waivers and simplified re-registration under the AIF regime

IVCA asks VCFs to act on Sebi circular, migrate to AIF regime by July 19

IVCA has urged all legacy VCFs, especially those who are holding residual assets, to immediately evaluate their eligibility and apply to SEBI for migration before the due date

Why has Sebi barred Arshad Warsi from the securities market for a year?

The crackdown on actor Arshad Warsi, his wife, and 57 others follows a probe into misleading YouTube videos promoting investments in Sadhna Broadcast Ltd (now Crystal Business System Ltd)

IndusInd Bank may need to reset its 'committee of executives' now

Anil Rao's stay on 'committee of executives' to run daily ops on radar

How Sebi fixed ₹20 cr disgorgement in IndusInd Bank insider trading case

Market regulator says five senior officials of the lender sold shares while holding unpublished price-sensitive information

Sebi unveils new OI metric, position limits in fresh F&O overhaul

Sebi introduces delta-based OI calculation and new position limits in F&O market with phased rollout from July to December to curb manipulation and enhance risk control

Sebi probing delayed disclosures of accounting lapses at IndusInd Bank

Sebi may issue further orders after interim findings show IndusInd Bank's top brass knew of a ₹2,000-crore derivatives loss months before making a stock exchange disclosure

Sebi bars promoters, manipulators in Sadhna Broadcast pump and dump matter

Retail investors misled via YouTube videos in Sadhna Broadcast case as Sebi bans 59 individuals including actor Arshad Warsi and imposes Rs 20 crore in penalties

Lokpal dismisses complaints against ex-Sebi chief Madhabi Puri Buch | Hindenburg case

In a major development, the high-profile case involving serious allegations against former Sebi chief Madhabi Puri Buch.

IndusInd Bank shares rise after Sebi bans ex-CEO, 4 others from markets

IndusInd Bank's stock rose as much as 0.7 per cent during the day after SEBI barred its former CEO, Sumant Kathpalia and four other officials from trading in the stock market