Page 43 - Sebi

DIC India pays Rs 34.32L to settle disclosure norm violation case with Sebi

DIC India has settled a case with capital markets regulator Sebi pertaining to alleged violation of disclosure lapses after paying Rs 34.32 lakh towards the settlement amount. DIC India, a manufacturer of printing inks and allied products, had filed suo motu settlement applications in terms of the Sebi's (Settlement Proceedings) regulations, the regulator said in an order on March 21. The company proposed to settle by neither "admitting nor denying the findings of fact and conclusions of law" the enforcement proceedings that may be initiated against it for the violation of rules. As per the settlement order, the markets watchdog will not initiate enforcement proceedings against DIC India for the violations. However, Sebi retains the right to take further action if any misrepresentation is discovered or if the company breaches any terms of the settlement. "...it is hereby ordered that any proceedings that may be initiated for the violations are settled in respect of the applicant

New Sebi chief Pandey's first board meeting: Key decisions and changes

Under new chief Tuhin Kanta Pandey, Sebi hikes disclosure bar for FPIs to Rs 50,000 crore in equity AUM, allows year-long advance fees for RAs/IAs, and reviews conflict of interest disclosure norms

CRA to scrutinise claims of high returns by investment service providers

Under the new norms, the CRA will act as 'Past Risk and Return Verification Agency' with a recognized stock exchange serving as 'Past Risk and Return Verification Agency' data centre

NSE begins electronic settling of its unlisted shares: Details here

Central Depository Services will facilitate these transactions, ending manual settlements and aligning with Sebi's SECC Regulations

No point unsettling system, FPIs should accept current taxation: Sebi chief

Sebi Chairman Tuhin Kanta Pandey on Saturday said there is no point unsettling the current taxation, and the foreign portfolio investors need to "live with" the system. Pandey, who took over as the Sebi chief three weeks ago, also said some companies are making "blatantly false disclosures" and the capital markets regulator does not "hesitate" to act against such malpractices. On the issue of taxation, Pandey listed out a slew of advantages which India -- the fastest growing large economy in the world -- offers, including delivering superior returns, stable policy environment and inflation being under control. "If some certainties have already come in terms of taxation, let us not unsettle it," he said, listing out positives with India like delivering over 11 per cent per annum returns on the MSCI over the last five years, fastest growing large economy, stable inflation, and fiscal consolidation. Consumption is picking up, and there is an upswing in capital formation both by the ..

Sebi relaxes 'skin in the game' rules for MF employees, effective April 1

The revised rules also adjust lock-in periods. For employees retiring at superannuation age, the lock-in will be waived, except for units in closed-ended schemes

Sebi removes 70K misleading social media posts, accounts since Oct 2024

Addressing the Association of Registered Investment Advisors (ARIA) summit, Narayan underscored Sebi's focus on investor awareness

Sebi considers easier IFSC access for brokers operating from Gift City

In a consultation paper released on Friday, Sebi outlined plans to allow stock brokers to conduct securities market activities in Gift-IFSC through a separate business unit

Sebi extends RPT disclosure deadline by 3 months, now effective from July 1

The decision follows feedback from stakeholders requesting more time to adapt to the Industry Standards

Unregistered advisors a threat; 70k misleading posts removed: Narayan

Markets regulator Sebi, in consultation with social media platforms, has removed 70,000 misleading handles and posts since the implementation of the fin-influencer framework last year, said its whole-time member Ananth Narayan G on Friday. Amid concerns over foreign portfolio investors selling equities, the Sebi's whole-time member said the overall flows are not as bad as one would imagine and stressed that they "remain invested" in India. The unregistered investment advisors and research analysts are a "menace" who are cashing in on the rising interest in investments, he said. "Since October 2024, Sebi has worked with social media companies to bring down over 70,000 misleading handles/posts," he said while addressing an event organised by registered investment advisors here. He sought the advisors' help in ensuring compliance and mentioned the UPI 'Payright' handle to help identify Sebi-registered entities and the optional Centralised Fee Collection Mechanism as Sebi's efforts in

Sebi may ease FPI disclosure norms, double granular disclosure threshold

This will be the first board meeting after Tuhin Kanta Pandey, who assumed the role of Sebi chairperson earlier this month

Sebi considers Esop relaxation for startup founders ahead of IPOs

According to a consultation paper released on Thursday, Sebi may allow founders to hold or exercise Esop benefits granted one year before the company's initial public offering (IPO) plan

PhysicsWallah files draft red herring prospectus via confidential route

While the filing of the DRHP is a crucial step, PhysicsWallah clarified that it does not guarantee the company will proceed with the IPO

Only 2% of finfluencers Sebi-registered, yet 33% give stock recommendations

"Investors must remain vigilant, seek investment guidance from Sebi-registered advisors, and evaluate credentials of influencers they follow," said Arati Porwal, Country Head of CFA Institute - India

Sebi proposes key changes for EBP, RFQ platforms to strengthen debt market

The regulator has proposed making EBP mandatory for all private placement issues of issue sizes over ₹20 crore, down from the present threshold of ₹50 crore

Sebi mandates online filing for share reports, dual option until May 14

Markets regulator Sebi on Thursday said that, starting immediately, reports related to certain exemptions in share acquisitions under the 'Takeover Regulations' can be submitted through both email and the newly-introduced intermediary portal. This dual submission system will remain in place until May 14, 2025, after which only the online portal will be used for these filings, Sebi said in a circular. Under the Sebi (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (Takeover Regulations), an acquirer is required to submit a report along with supporting documents and non-refundable fee to Sebi in respect of any acquisition of or increase in voting rights pursuant to certain exemptions. Currently, these reports are filed through email, but the regulator introduced an online system for filing of these reports through Sebi Intermediary Portal (SI Portal) in order to facilitate ease of operations in terms of submission and processing of these reports. Accordingly, in th

Sebi tweaks disclosure norms for shareholding patterns to improve clarity

Markets regulator Sebi on Thursday introduced modifications to the disclosure requirements for shareholding patterns in a bid to improve the clarity. Under the revised format, listed entities are required to disclose details of non-disposal undertakings (NDU), other encumbrances, and the total number of shares pledged or otherwise encumbered, including NDUs, Sebi said in a circular. Additionally, a new column has been added to capture the total number of shares on a fully diluted basis, including warrants, ESOPs, and convertible securities. Furthermore, a footnote in the revised format clarifies that promoter and promoter group entities with "nil" shareholding will also be reflected. These new requirements, which will come into effect from the quarter ending June 30, 2025, aimed at providing further clarity and transparency in the disclosure of shareholding pattern to the investors in the securities market. Sebi has directed stock exchanges to inform listed companies and update t

Sebi slaps Rs 40L fine on 8 entities for indulging in non-genuine trades

Capital markets regulator Sebi has imposed a total fine of Rs 40 lakh on eight entities for indulging in non-genuine trades in the illiquid stock options segment on the BSE. Sebi levied a fine of Rs 5 lakh each Utkal Automotive Pvt Ltd, Mrinal Verma, Sanjoy Kumar Gupta and Family, Meenu Ajmera, Advent Commosales, Manish Kumar Kanodia HUF, Nisha Pandey, and Viswaroop Marketing, the regulator said in eight separate orders on Wednesday. The orders came after the Securities and Exchange Board of India (Sebi) observed large-scale reversal of trades in the illiquid stock options segment of BSE, leading to the creation of artificial volume. The orders came after the Securities and Exchange Board of India (Sebi) observed large-scale reversal of trades in the illiquid stock options segment of BSE, leading to the creation of artificial volume. Thereafter, the markets watchdog conducted an investigation into the trading activities of certain entities in illiquid stock options on BSE for the .

Sebi mulls clarifying ESOP rules for promoters; minimum holding term in OFS

With an aim to streamline the processes for public issues, markets regulator Sebi on Thursday proposed giving clarifications on minimum holding period for equity shares in Offer for Sale (OFS) as well as on employee stock options (ESOPs) for founders classified as promoters. In its consultation paper, the regulator proposed amendments to the ICDR (Issue of Capital Disclosure Requirements) rules and Sebi (Share Based Employee Benefits and Sweat Equity) norms. The proposals, if implemented, would ensure that the rules are clear and consistent, aligning the eligibility for Offer for Sale (OFS) and Minimum Promoter Contribution (MPC) requirements. The proposals aim to harmonise the treatment of shares obtained through different mechanisms such as compulsory conversion of securities or approved schemes. On minimum holding period for equity shares in OFS, Sebi has suggested amendments in the rules to clarify that the holding period for both the fully paid-up compulsorily convertible ...

Investors can soon store, access their demat, MF holdings via DigiLocker

After the user's death, DigiLocker automatically notifies the nominated individuals (DigiLocker Nominees) via SMS and email, helping them manage the deceased's assets