Page 44 - Sebi

Sebi lowers minimum investment in social stock exchange to Rs 1,000

According to the latest directive, the September 2022 circular will now specify that the minimum investment size for ZCZP instruments will be Rs 1,000

Sebi partners with DigiLocker to reduce unclaimed assets in securities mkt

Markets regulator Sebi on Wednesday partnered with DigiLocker, a government-backed digital document storage platform, to reduce unclaimed assets in the Indian securities market and enhance investor protection. The initiative will help investors store and access information on their demat and mutual fund holdings through DigiLocker benefiting investors and their families. Under this, DigiLocker users can now fetch and store their statement of holdings for shares and mutual fund units from their demat accounts, along with their Consolidated Account Statement (CAS), Sebi said in a circular. This expands the existing DigiLocker services, which already include bank account statements, insurance policy certificates, and NPS account statements. Further, users can add nominees to their DigiLocker accounts, allowing them access to the user's documents after their demise. This helps family members or legal heirs manage the deceased's financial assets more easily. Also, the DigiLocker system

Physics Wallah submits pre-filing draft papers with Sebi for IPO: Reports

The pre-filing draft documents of Physics Wallah, according to the reports, have been filed with Sebi after receiving the nod from the company's board

Sebi slaps Rs 20 lakh penalty on four entities for 'non-genuine trades'

Capital markets regulator Sebi on Tuesday slapped penalties totalling Rs 20 lakh on four entities for indulging in non-genuine trades in the illiquid stock options segment on the BSE. In four separate orders, the regulator imposed a fine of Rs 5 lakh each on Nirman Chatha, Rajvardhan Foundation, Dinesh Kumar Agarwal HUF and Pramod Kumar Jain. 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 at BSE for the period April 2014 to September 2015. According to Sebi, reversal trades are those trades in which an entity reverses its buy or sell positions in a contract with a subsequent sell or buy position with the same counterparty. These trades are alleged to be non-genuine trades as they lack basic trad

LG Electronics India, Innovision get market regulator Sebi's nod for IPOs

LG Electronics India Ltd, a subsidiary of the South Korean chaebol LG, and manpower and toll plaza management services provider Innovision Ltd have received Sebi's approval to raise funds through Initial Public Offerings (IPOs), an update with the capital markets regulator showed on Tuesday. LG Electronics India and Innovision filed draft IPO papers with Sebi in December and obtained the regulator's observations on March 13 and March 12, respectively. In Sebi's parlance, obtaining the observations means its go-ahead to float the public issue. As for LG Electronics India, it filed preliminary papers with Sebi in December for an IPO wherein the parent company will sell over 10.18 crore shares, amounting to a 15 per cent stake, as per the Draft Red Herring Prospectus (DRHP). The company did not disclose the total issue size, but people familiar with the matter have pegged the IPO size at Rs 15,000 crore. This will be the second South Korean company to tap the Indian stock market ...

Paytm shares surge 5% on Sebi's nod to Paytm Money for research licence

Paytm share price: With Paytm Money's registration as a research analyst, Paytm Money Limited can offer Sebi-compliant research services, including investment insights, and research reports

Paytm Money gets Sebi registration as research analyst, investment adviser

With this registration, Paytm Money Limited can offer Sebi-compliant research services, including investment insights, research reports, and data-driven analysis, the company said in a statement

Global F&O players push back against Sebi's proposed rule revamp

Association raises concerns with Sebi over liquidity, trading costs, and market stability in a 13-page response to Sebi

34 entities settle Sebi proceedings over Shalimar Paints takeover breach

The transaction resulted in a change of more than 2 per cent of the total shareholding of Urvi Jindal

Sebi to finalise SOP for settlement regulations amid rise in such cases

Markets watchdog Sebi is in discussions to finalise the standard operating procedure for applying settlement regulations for cases amid rising number of settlement matters. Besides, the Securities and Exchange Board of India (Sebi) is looking at having uniformity in applying the settlement formula for settling cases. Sebi Whole Time Member Kamlesh Chandra Varshney on Sunday said the regulator is working on the SOP for applying the settlement regulations. "It is work in progress... it is in final discussions," he told PTI. Under Sebi norms, subject to various conditions, a matter can be settled without admitting or denying the facts and conclusions of law. On the sidelines of a conference in the national capital, Varshney also said Sebi is looking at how to have consistency in applying the settlement formula. "Formula also has certain value to be given. Now different people should give same value for same situation in different cases... basically uniformity across cases... we will

Allchem Lifescience files IPO papers with Sebi, aims to raise Rs 190 cr

Drug maker Allchem Lifescience has filed preliminary papers with markets regulator Sebi seeking its approval to raise funds through an initial public offering (IPO). The Gujarat-based company's proposed IPO comprises fresh issue of equity shares aggregating up to Rs 190 crore and an offer for sale (OFS) of 71.55 lakh equity shares by promoters, according to the draft red herring prospectus (DRHP). Those selling shares in the OFS are Kantilal Ramanlal Patel and Manisha Bipin Patel. At present, promoters and promoter group entities hold 100 per cent stake in the company. In its draft papers filed on Friday, Allchem Lifescience proposes to utilise proceeds from the fresh issue worth Rs 130 crore towards debt payment, while a portion will be used for general corporate purposes as well as to support the business requirements of the company. Incorporated in 2017, Allchem Lifescience is an Indian manufacturer of active pharmaceutical ingredients (API) intermediates and speciality ...

Sebi expands the scope of unpublished price-sensitive information

Markets regulator Sebi has widened the ambit of the scope of Unpublished Price Sensitive Information (UPSI) by including any proposed fundraising activities agreements which can impact the management or control of the company, restructuring plans, and one-time bank settlements. The move is aimed at enhancing regulatory clarity, certainty and uniformity in compliance in the ecosystem. To give this effect, Sebi, in a notification issued on March 11, amended insider trading regulations. The new rules would come into force from June 10. In its notification, Sebi said that any proposed fundraising activity, upward or downward revisions in credit ratings, other than ESG ratings, and agreements affecting the management or control of the company would be considered as UPSI. Further, developments relating to corporate insolvency processes, including the clearance of resolution plans, one-time settlements, or restructuring of loans and borrowings from banks or financial institutions would fa

Sebi cuts rights issue timeline to 23 days; Edelweiss MF launches debt fund

Edelweiss Mutual Fund on Tuesday launched its low duration fund, a debt fund which will predominantly invest in low duration debt and money market securities

HDFC Securities settles Sebi case by paying Rs 65 lakh over violations

Domestic brokerage HDFC Securities on Tuesday settled with markets watchdog Sebi a case pertaining to alleged non-compliance with regulatory norms on payment of Rs 65 lakh towards settlement amount. The order came after the company filed an application with Sebi proposing to settle the alleged violations "without admitting or denying the findings of facts and conclusions of law" through a settlement order. In its settlement order, Sebi said,"the instant adjudication proceedings initiated against the noticee viz., HDFC Securities Ltd, vide SCN (show cause notice)...dated August 8, 2024, are hereby disposed of". In the SCN, it was alleged that requirement of generating alerts for current capacity utilization of critical assets going beyond 70 per cent was not available in the broker's IT policies and procedures with respect to capacity management procedure. Further, the broker had set alerts at more than 80 per cent and 75 per cent for its tool like Meap application and CPU utilisati

Sebi issues warning to IIFL Capital over merchant banking due diligence

The Sebi warning pertains to issues related expenses and fee timelines in its debt offerings between April 2022 and April 2024

Sebi launches AML, CFT certification course for securities intermediaries

Sebi on Monday said it has launched a certification course to foster knowledge about the concepts of Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT) among the securities market intermediaries. This certification course aims to create a common minimum knowledge benchmark for employees and associated persons of securities market intermediaries about concepts of AML and CFT and related aspects, provisions of the PMLA & PML rules, and scheduled offences under the Sebi Act and the Companies Act, Sebi said in a statement. Additionally, it aims to promote knowledge about the guidelines pertaining to AML standards, CFT and proliferation financing among the market intermediaries. As part of its ongoing efforts to strengthen the capital market, the regulator has been organising outreach programmes on Anti-Money Laundering and Combating the Financing of Terrorism Provisions for the benefits of securities market intermediaries. The regulator has also been ...

Investcorp Real Estate, 6 others settle AIF rule violation case with Sebi

Investcorp Real Estate Yield Fund and six others have settled with markets regulator Sebi a case of flouting Alternate Investment Funds (AIF) rules on payment of Rs 25.5 lakh towards settlement amount. Apart from Investcorp Real Estate Yield Fund, Investcorp India Asset Managers, Ajay Kumar, Niraj Sirsalewal, Ritesh Vohra, Gaurav Sharma and IDBI Trusteeship Services Ltd have settled the case. The order came after the entities filed applications proposing to settle the proceedings that may be initiated against them for the violation of the provisions of the AIF Regulations, through a settlement order and remitted Rs 25.50 lakh. In its settlement order passed on Friday, Sebi said the "specified proceedings, in respect of which the notice was issued, are hereby settled in respect of the applicants". While examining the matter, Sebi observed that the tenure of the Investcorp Real Estate Yield Fund had been extended beyond 2 years and that its investments had not been liquidated within

Best of BS Opinion: Transparency is key to both democracy and global ties

Openness, reliability, and hope are critical to successful democracies and have a cumulative effect on both domestic and global ties

Disclosures and regulations: New Sebi chairman makes a promising start

The remarks on disclosures must be seen in the context of the term of Mr Pandey's predecessor, Madhabi Puri Buch

Shiv Nadar gifts 47% of his stake in HCL, Vama Delhi to daughter Roshni

Billionaire Shiv Nadar, founder of HCL, has gifted 47 per cent of his stake in HCL Corp and Vama Delhi to his daughter Roshni Nadar Malhotra as part of a strategic succession plan. After the transfer, Malhotra will acquire control and become a majority shareholder of Vama Delhi and HCL Corp, HCLTech said in a stock exchange filing. HCL Infosystems Ltd also made a similar filing. By virtue of her stakes in Vama Delhi and HCL Corp, she will become the largest shareholder of HCL Infosystems Ltd and HCL Tech. She will also acquire control over the voting rights in relation to the 12.94 per cent stake held by Vama Delhi and 49.94 per cent held by HCL Corp in HCL Infosystems. In HCL Tech, she will acquire a 44.17 per cent stake held by Vama Delhi and a 0.17 per cent stake from HCL Corp. "A gift deed dated March 6, 2025, executed by Shiv Nadar in favour of his daughter Roshni Nadar Malhotra for transfer of his 47 per cent shareholding in Vama Sundari Investments (Delhi) Private Limited (V