Page 37 - Sebi

Ministry of Finance initiates search for a new whole-time member for Sebi

The new WTM may serve for up to five years, as specified in the appointment order, but must retire upon reaching the age of 65

Sebi proposes framework for winding down of KYC registration agencies

In a consultation paper, Sebi emphasised that the framework must guarantee uninterrupted services, protection of investor KYC data, and the fulfilment of statutory and contractual obligations

Sebi cautions investors against unregulated opinion trading platforms

The market regulator also advised recognised stock exchanges to initiate action against such platforms

Sebi chief asks retail investors to stay invested despite market volatility

India is in a reasonably good spot despite global headwinds and retail investors should stay invested for long market volatility notwithstanding, Sebi Chairman Tuhin Kanta Pandey said on Tuesday. India has shown a lot of resilience ever since the tariff war began to impact markets worldwide, Pandey said in an exclusive interview with PTI. "I would suggest that...despite the global headwinds, India is in a reasonably good spot," the markets regulator said, highlighting the economic strength of the country. These include consistent economic growth, low fiscal deficit, reasonable external debt, no twin balance sheets problem and manageable current account deficit, among others, Pandey said, adding that the country is also negotiating various bilateral trade deals. "No doubt, there are global headwinds, arising from the geoeconomic fragmentation in the past as well as trade actions, especially by the US," he said. Over the impact of the ongoing volatility on the retail investors, Pand

Delhi HC appoints receiver for 95 EVs leased to BluSmart amid dispute

The Delhi HC appointed a receiver to oversee 95 EVs leased to BluSmart Cabs by Clime Finance, restricting Gensol from creating third-party rights amid a lease payment dispute

Travel Food Services gets Sebi's approval to launch Rs 2,000-cr IPO

The company, which filed its draft papers with Sebi in December last year, obtained its observations letter on April 22, the update showed

Gensol Engineering hits 5% lower circuit again as ED raids premises

The stock has tumbled 90 per cent this year, compared to a 3.5 per cent advance in the benchmark Nifty 50

Ather IPO sees 16% subscription, ABSL AMC Q4 profit up 10%, and more

On Friday, Ather allocated shares worth Rs 1,340 crore to anchor investors

Sebi bars Patel Wealth Advisors, 4 directors over 'order spoofing' charges

The stock broker placed large orders without intention to execute them, leading to manipulation in prices, illegal

Sebi directs brokers to collect margins by T+1 settlement day

Markets regulator Sebi on Monday directed brokers to collect all other margins, except value at risk (VaR) and Extreme Loss Margin (ELM), by the T+1 settlement day. The decision has been taken due to the shift from T+2 to T+1 settlement cycle. Trading members or clearing members are required to mandatorily collect upfront VaR margins and ELM from their clients. Earlier, they had time till 'T+2' working days to collect margins (except VaR margins and ELM) from their clients. "With effect from January 27, 2023, the settlement cycle has been reduced from T+2 to T+1 across all scrips in the cash market. "In this regard, based on representation received from the Brokers' Industry Standards Forum (ISF) and to ensure a more robust risk management framework, it has been decided that keeping in view the change in the settlement cycles, the TMs (trading members)/CMs (clearing members) shall be required to collect margins (except VaR margins and ELM) from their clients by the settlement day,"

Street signs: Banking stocks run out of steam, Sebi's shift to e-office

The Securities and Exchange Board of India (Sebi), based in Mumbai's Bandra Kurla Complex, is set to overhaul its operations by adopting a fully digital 'e-office' system

KAY CEE ENERGY & INFRA LIMITED Raises ₹2502.72 Lakhs in Qualified Institutional Placement (QIP).

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IPO Alert! Prestige Hotel Ventures files draft papers with Sebi; details

Prestige Hotel Ventures has filed its draft papers with market regulator Sebi to raise funds via IPO

Settle a Sebi case? You can't claim it as a business expense anymore

The Income Tax Department has ruled that businesses can no longer claim tax deductions for settlements or penalties paid under four key laws, including the SEBI and Competition Acts.

Secretarial auditor appointments to be for at least five years: Sebi

The regulator has stated that the tenure of appointment of a secretarial auditor cannot be for a period less than five years

Sebi imposes Rs 10 lakh penalty on Future Retail for disclosure gaps

Capital markets regulator Sebi on Thursday slapped a fine of Rs 10 lakh on Future Retail Ltd for making inadequate and delayed disclosure regarding the interim order passed by Singapore International Arbitration Centre (SIAC). The order came after the Securities and Exchange Board of India (Sebi) examined the concerns raised by Amazon.com regarding the Scheme of Arrangement between Future Group and Mukesh Dhirubhai Ambani Group. In its order, Sebi said Future Retail had disclosed the initiation of arbitration proceedings by Amazon before SIAC on November 1, 2020, only after intervention of stock exchanges. The information should have been disclosed within 24 hours of the event -- on or before October 6, 2020 -- as required under the LODR (Listing Obligations and Disclosure Requirements) rules. It was observed that the interim order passed by SIAC on October 25, 2020 was in favour of Amazon, wherein the respondents were injuncted from taking any steps in furtherance or in aid of the

Taxpayers barred from claiming deductions on Sebi, CCI settlement costs

The income tax department on Thursday said taxpayers will not be allowed to claim deduction for expenditures incurred to settle proceedings initiated under four laws, including the Sebi and the Competition Act. In a notification issued on April 23, the Central Board of Direct Taxes (CBDT) notified that any expenditure incurred to settle proceedings initiated in relation to contravention or defaults under the four specified laws shall not be deemed to have been incurred for the purpose of business or profession and no deduction or allowance shall be made in respect of such expenditure. The four laws are the Securities and Exchange Board of India Act, 1992; the Securities Contracts (Regulation) Act, 1956; the Depositories Act, 1996; And the Competition Act, 2002.

Sebi tweaks framework for ESG rating providers using subscriber-pays model

Markets regulator Sebi has tweaked the framework for ESG Rating Providers (ERPs), especially for those using a subscriber-pays model, requiring them to share ESG (Environmental, Social, and Governance) rating reports with both subscribers and the rated issuer simultaneously. This policy needs to be publicly disclosed. To give this effect, the Securities and Exchange Board of India (Sebi) has amended rules governing credit rating agencies in a bid to enhance clarity and transparency. "An ESG rating provider following a subscriber-pays business model shall share the ESG rating report with its subscribers and the rated entity or the issuer whose securities have been rated at the same time and provide two working days to such rated entity or the issuer to provide its comments," Sebi said in its notification issued on Tuesday. Further, all comments or clarifications received from the rated entity within the specified timeline will be included in the addendum to the ESG rating report by

Sebi bars Madhav Stock Vision, five others for alleged front-running

MSVPL has been restrained from buying, selling or dealing in securities in its proprietary account

BluSmart appoints Grant Thornton for forensic audit following Sebi scrutiny

BluSmart Co-founder Anmol Jaggi has been accused of misappropriating funds meant for electric vehicle purchases for personal gain