Page 38 - Sebi

Sebi revises NAV cut-off timings for MF overnight scheme redemptions

Markets regulator Sebi on Tuesday announced a change in cut-off timings to determine the net asset value (NAV) with respect to repurchase or redemptions of units in overnight schemes of mutual funds. The changes will allow time for stock brokers (SBs), or clearing members (CMs) to un-pledge units of Mutual Fund Overnight Schemes (MFOS) and place redemption requests with mutual funds, after the close of market hours. For applications received up to 3 pm, the closing NAV of day immediately preceding the next business day will be applicable. For applications received after 3 pm, the closing NAV of the next business day will be applicable, Sebi said in its circular. However, in case application is received through online mode, the cut-off timing of 7 pm will be applicable for overnight fund schemes, it added. The new timings will become effective from June 1. Investment in Mutual Fund Overnight Schemes (MFOS) is a new avenue made available to stock brokers or clearing members to deplo

Sebi circular on frauds: Verify registration before taking investment tips

Anyone claiming to be a Sebi-registered investment advisor or research analyst must provide a valid registration number

Sebi may extend relief to NCDs from sending physical financial statements

Markets regulator Sebi on Monday proposed limited relaxation to issuers of listed non-convertible debt securities from the requirement to send hard copies of key financial documents to investors. In its consultation paper, the regulator has proposed extending an exemption pertaining to Regulation 58(1)(b), which mandates sending hard copies of financial statements and related documents to holders of non-convertible securities who have not registered their email addresses. The move is in line with the Ministry of Corporate Affairs' (MCA) decision to extend similar relaxations until September 30, 2025. Based on the MCA's extension and stakeholder requests, Sebi proposed "no penal" action for entities having listed non-convertible securities for not sending physical copies of financial statements, including the board's report, the auditor's report and other documents. Sebi said that entities having listed non-convertible securities and have not sent hard copy of statement to those ...

Sebi extends auto trading window rules to kin of designated persons

Markets regulator Sebi on Monday extended its automated trading window closure mechanism to include immediate relatives of designated persons (DPs) in listed companies, ahead of the declaration of financial results. This move aims to prevent inadvertent non-compliance with insider trading norms by ensuring that those who may have access to unpublished price-sensitive information (UPSI) such as quarterly results are prohibited from trading during specific periods. Earlier, the restriction applied only to DPs. Now, Sebi has extended the scope to cover their immediate relatives as well, according to its circular. As per Sebi's definition, an immediate relative includes a spouse, and also a parent, sibling, or child (of the person or the spouse), provided they are financially dependent or consult the person in decisions related to trading in securities. This move follows a system already in place for DPs, which uses PAN-based trading freeze. To ensure a smooth rollout, the implementa

Govt to take necessary action in Gensol case after examining Sebi's order

The corporate affairs ministry on Monday said it will take necessary action in the Gensol Engineering matter after examining market regulator Sebi's order against the company. Last week, Sebi barred the company's promoters Anmol Singh Jaggi and Puneet Singh Jaggi from the securities market for various violations. The order came amid accusations of siphoning off loan funds from their publicly listed company Gensol Engineering for personal use, raising concerns over corporate governance and financial misconduct. When contacted, the Ministry of Corporate Affairs (MCA) told PTI that it is examining the Sebi order in light of the provisions of the Companies Act, 2013. "Necessary action would be taken accordingly," the ministry said.

BSE shares reach new life-time high, zoom 71% from March low

Since March 28, the stock price of BSE has appreciated by 34% after the NSE deferred its plan to change the day of expiring of its contracts from Thursday to Monday.

Gensol Engineering shares hit back-to-back lower circuits; here's why

Gensol Engineering shares fell for the eighth straight session after the company's promoters were alleged of getting involved in fraudulent fund diversification

Eversource looks to buy BluSmart for ₹800-1K cr, seeks Jaggi brothers' exit

The deal, if completed, would value BluSmart at least 60 per cent below its last known valuation

Alternative investment funds tell Sebi: One exam doesn't fit all

Push for a category split in certification as clock ticks down

Sebi finds only 2-3 labourers, no EV production at Gensol's Pune unit

Markets regulator Sebi has said it found "no manufacturing activity" at Gensol Engineering's electric vehicle (EV) plant in Pune with only 2-3 labourers present when a National Stock Exchange (NSE) official visited the site. These revelations were part of markets regulator Sebi's interim order issued on April 15 following a complaint received in June 2024 alleging manipulation of Gensol's share price and misappropriation of funds. In its order, the Securities and Exchange Board of India (Sebi) found discrepancies as well as misleading disclosures to investors by Gensol Engineering, a company promoted by brothers Anmol Singh Jaggi and Puneet Singh Jaggi. One of the disclosures came from an investigation conducted by the NSE, which revealed a lack of manufacturing activity at Gensol's EV plant -- Gensol Electric Vehicle Private Ltd -- at Chakan in Pune. During a site visit to the facility on April 9, an NSE official found only 2-3 labourers present. "It was found that there was no .

From 96% holding to a sliver: How Gensol promoters made swift exit

Sebi order alleges misleading disclosures, fraudulent trades, fund diversions helped promoters offload their stake onto unsuspecting investors

Sebi investigation into BluSmart likely to slow Uber's EV push in India

Uber's EV ambitions in India are focused on accelerating the shift to zero-emission mobility, with a goal of electrifying every ride on its platform by 2040

FY26 not promising for broking industry, degrowth real worry: Shripal Shah

The decline in volumes for cash and derivatives markets stems from distinct factors. The cash market has slowed mainly due to the broader market correction

Dhoni, Deepika linked with BluSmart, India slams Bangladesh, FIR against Jaat & more

Troubles at Gensol Engineering deepened as two more independent directors, Harsh Singh and Kuljit Singh Popli, quit, days after SEBI accused the company’s co-founders of financial misconduct.

What links Dhoni, Deepika Padukone to BluSmart? | Gensol Engg | BluSmart scam | Anmol Jaggi | SEBI

BluSmart, the all-electric ride-hailing startup, is making headlines — but not for the right reasons. SEBI is probing the company for alleged financial mismanagement. What’s surprising?

Amid Gensol crisis, BluSmart says wallet refunds will take up to 90 days

Many users have voiced concerns about the lack of transparency regarding BluSmart's refund process. The development unfolds amid an ongoing investigation by Sebi into Gensol Engineering

Crisis deepens as more directors resign amid Gensol fund diversion case

Gensol crisis: The fallout stems from a Sebi order accusing Anmol Jaggi and his brother Puneet of misusing public funds

Sebi proposes higher mutual fund investment limits in Reits, InvITs

The move aims to provide greater diversification opportunities for mutual fund schemes while increasing capital inflows and liquidity in these relatively new instruments

Ashneer Grover, BluSmart & Gensol: What’s really going on? | Anmol Jaggi | SEBI

Ashneer Grover's name has surfaced in a ₹978 crore financial scandal involving BluSmart and Gensol. SEBI’s explosive report links diverted EV loan funds to Grover’s startup, Third Unicorn.

'I am the victim': Ashneer Grover on BluSmart crisis, Sebi crackdown

Entrepreneur and investor Ashneer Grover calls himself a 'victim' in Gensol-BluSmart fiasco, says he invested ₹1.75 cr; denies any operational role, offers to make tax, bank records public