Page 47 - Sebi

ICAI to assist Sebi in safeguarding retail investors, tackling market fraud

Chartered accountants' apex body ICAI will be preparing a research paper to help markets watchdog Sebi in dealing with financial frauds. ICAI President Charanjot Singh Nanda on Saturday said the institute will set up a working group and hold discussions with Sebi to finalise the various aspects that will be looked into with respect to tackling financial fraud. The working group will submit a research paper to the Securities and Exchange Board of India (Sebi) in this regard, Nanda told PTI. Nanda had a meeting with Sebi Chairman Tuhin Kanta Pandey on Friday. "India is a very favourable investment destination. People want to invest in India and normal people have diverted their savings to the markets such as Systematic Investment Plans," Nanda said at a briefing in the national capital. It is important for Sebi to ensure the protection of investors' interests. Along with ICAI, a system can be developed to prevent fraud, he added. In recent years, there have been increased investmen

Jio-Facebook deal: SAT nixes Reliance Industries plea against Sebi penalty

Tribunal upholds Sebi's Rs 30 lakh penalty on RIL for not disclosing the Jio-Facebook investment deal after media reports triggered stock movement in March 2020

Sebi mulls easing InvIT, REIT norms to boost ease of doing business

The Securities and Exchange Board of India (Sebi) on Friday waived the requirement of seeking specific approvals from the regulator for stock brokers to undertake business in GIFT-IFSC

Sebi accuses Adani's nephew in insider trading case, settlement talks on

Settlement terms were being discussed, said the source with direct knowledge of the matter, who declined to be named as the matter is confidential

Sebi relaxes norms for brokers to expand in Gift City, nixes separate NOC

Markets regulator Sebi on Friday allowed stock brokers to operate in the International Financial Services Centre (IFSC) at GIFT City, without taking its prior approval. Stock brokers proposing to undertake securities market related activities in GIFT-IFSC are permitted to do so under a separate business unit (SBU) of the stock broking entity itself. These activities can also be carried out if the branch qualifies as an SBU, Sebi said in its circular. Moreover, the existing practice of carrying out securities market-related activities in GIFT-IFSC through a subsidiary is also allowed. Thus, the form in which these activities are to be carried out is at the discretion of the entity. The matters related to policy, eligibility criteria, risk management, investor grievances, inspection, enforcement, claims for SBU in GIFT-IFSC would be specified under the regulatory framework issued by the regulatory authority concerned and all activities of the SBU in GIFT-IFSC would be under the ...

India's first SIFs: What's special about the funds, who should invest

The investment tool is being launched soon; it blends mutual fund oversight with hedge fund-like strategies

Priority Jewels files draft papers with Sebi to mop-up funds via IPO

Priority Jewels Ltd, has filed preliminary papers with markets regulator Sebi seeking its nod to launch an initial public offering (IPO). The Mumbai-based company's IPO is completely a fresh issue of 54 lakh equity shares with no offer-for-sale (OFS) component, according to the draft red herring prospectus (DRHP) filed on Wednesday. Proceeds from the fresh issue to the extent of Rs 75 crore will be utilized for payment of debt, besides, a portion will be used for general corporate purposes. Founded in 2007, Priority Jewels designs, manufactures and sells a wide range of light-weight, affordable diamond-studded gold and platinum fine jewellery. It sells directly to independent jewellers and jewellery chains in India as well as select international markets. It supplies its products to leading jewellery chains, including CaratLane, Kalyan Jewellers India, Reliance Retail, Malabar Gold & Diamonds FZCO, Tribhovandas Bhimji Zaveri and Senco Gold. It has two jewellery manufacturing ...

BSE seeks Sebi approval to launch monthly contracts for several indices

Since September 2024, the exchange has launched 20 indices based on market capitalisation, weightage, and sector classification

Sebi chief rejects aptitude test for retail traders in F&O segment

Markets regulator Sebi Chief Tuhin Kanta Pandey has ruled out the possibility of an aptitude test for retail traders wanting to participates in the Futures & Options (F&O) segment, saying it is impractical and prone to regulatory overreach. The Securities and Exchange Board of India (Sebi) had earlier introduced measures in November last year in a bid to curb excess speculation in derivatives. These regulatory steps came in the wake of a Sebi study that revealed a staggering 9 out of 10 retail investors lose money while trading in F&O instruments. When asked about the industry's suggestion of introducing tests for retail investors before permitting them to trade in risky derivative products, Pandey clarified the regulator's stance. "Right now, we aren't really considering any of those things." He explained the concerns of practicality and effectiveness behind such proposals. "Number one, we have to also see, will it be a regulatory overreach? Will you be able to ...

Sebi cracks down on three YouTubers for misleading investment content

Markets regulator Sebi on Wednesday barred three individuals from the securities markets for five years for allegedly misleading investors through YouTube videos to buy shares of Atlantaa. The regulator slapped a penalty of Rs 50 lakh on Manish Mishra and Rs 10 lakh each on Vivek Chauhan and Ankur Sharma. The markets watchdog also directed Mishra and Sharma to disgorge the unlawful gains worth Rs 10.38 lakh that they had pocketed and deposit the amount in the Investor Protection and Education Fund (IPEF) within 45 days of the order. "...the noticees 1, 2 and 5 (Manish Mishra, Vivek Chauhan and Ankur Sharma) have colluded and engaged in a coordinated scheme to upload misleading videos to induce investors to trade in shares of the company and in doing so, they have violated PFUTP (prohibition of fraudulent and unfair trade practices) regulations," Sebi said. Sebi observed that Manish Mishra had made illegal profit of Rs 4.37 lakh and Ankur Sharma had made illegal profit of Rs 6.01 la

Adani group's settlement pleas delayed by Sebi's review of processes

The review could take three months after which the Adani pleas will be taken up under new processes, said the second source, with direct knowledge of the matter

Sebi proposes mandatory demat before IPO filings to plug regulatory gaps

Sebi highlighted that dematerialisation eliminates inefficiencies and risks associated with physical share certificates, such as loss, theft, forgery, and delays in transfer and settlement

Sebi bars three for five yrs over fraudulent trading in shares of Atlantaa

Sebi had earlier issued restraint orders on two of the individuals, Manish Mishra and Vivek Chauhan, in earlier cases involving Sadhna Broadcast and Sharpline Broadcast

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