Page 50 - Sebi

Sebi plans overhaul of mutual fund classification, ease restrictive clauses

Amid concerns over the proliferation of thematic MF schemes, Sebi aims to address the lack of differentiation within the 36 prescribed categories

Sebi bars Gensol Engineering promoters for alleged fund diversion

Regulator will appoint a forensic auditor to examine accounts

Aegis Vopak Terminals, Seshaasai Tech get Sebi's go ahead to float IPOs

Aegis Vopak Terminals and Seshaasai Technologies have received Sebi's go-ahead to raise funds through initial public offerings (IPOs), an update with the regulator showed on Tuesday. The companies are expected to raise more than Rs 4,000 crore through initial share sales. The two firms, which filed their preliminary IPO papers with Sebi during November and December 2024, obtained observations from the regulator during April 7 to 11, the update showed. In Sebi's parlance, obtaining the observations means its go-ahead to float the public issue. Meanwhile, the regulator has returned the draft offer document of Rajputana Stainless Ltd on April 11. As for Aegis Vopak Terminals, it is planning to float a Rs 3,500-crore IPO, which is entirely a fresh issue of equity shares, according to the draft red herring prospectus (DRHP). The tank storage company for LPG and chemicals plans to utilise proceeds for payment of debt, fund capital expenditure for the acquisition of a cryogenic LPG termi

Sebi bans Gensol Engg, promoters from securities mkt in fund diversion case

The regulator has also debarred Anmol and Puneet Singh Jaggi from holding the position of a director or key managerial personnel in Gensol until further orders

Sebi bans Kalapi Shah of Teji Mandi Analytics for 5 yrs over PMS violations

Markets regulator Sebi on Tuesday barred Kalapi Shah, responsible for conducting business of Teji Mandi Analytics Private Ltd (TMAPL), from the securities market for five years, for flouting portfolio management services rules. Teji Mandi, a registered authorized person of Anugrah Stock and Broking Private Ltd (ASBPL) with NSE, aided ASBPL in carrying out the portfolio management services (PMS) activities in violation of the norms. In its order, Sebi said that Kalapi Shah, the husband of Riddhi Kalapi Shah, along with Anil Gopal Gandhi, was instrumental in managing the affairs of TMAPL. In other words, Riddhi was only a 'namesake director' and was 'filling-in' for her husband. Further, Sebi noted that the affidavit dated August 19, 2020 submitted to it also reaffirmed his responsibility for conducting the business of TMAPL. Besides, the regulator noted that while performing the role of a director on behalf of his wife, Kalapi Shah even signed the board resolutions, sent e-mail ...

The limits of disclosure regime: Penalising industry, confusing investors

Like any other organisation facing public outcry, perception management becomes the regulator's foremost priority

Capitalmind gets Sebi approval to launch its own mutual fund schemes

Capitalmind Financial Services on Monday said it has received final approval from the markets regulator Sebi to commence its mutual fund operations under the name Capitalmind Mutual Fund. The company plans to launch its initial suite of active equity mutual fund schemes in the coming months, with intentions to gradually expand its offerings to include debt, hybrid, and multi-asset funds. "Receiving Sebi's final nod is a watershed moment, validating our commitment to bringing an investor-first, transparent, and data-driven approach to the wider investing public. "For years, we've focused on simplifying investing through disciplined strategies. Launching Capitalmind Mutual Fund is the natural evolution of our mission, enabling us to empower millions more Indians to achieve their financial goals with accessible, rules-based investment products," Capitalmind Financial Services founder and CEO Deepak Shenoy said in a statement. The company manages over Rs 2,000 crore in assets for more

Sebi resolves over 4K investor complaints via Scores platform in Mar 2025

Capital markets regulator Sebi has disposed of 4,371 complaints in March through its grievance redressal facilitation SCORES platform. The regulator said three complaints were pending for more than three months on SCORES as of March-end involving entities Madhuveer Com18 Network Ltd and Nikhil Dayanand Baljekar. According to the Sebi data, complaints pending as on February 28 stood at 4,376. In March, the market regulator received 4,156 fresh complaints, and a total of 4,161 complaints remained unresolved as of March 31, the Securities and Exchange Board of India (Sebi) said in a public notice on April 11. The regulator also highlighted that the average resolution time taken by the entities to submit action taken reports (ATRs) in March was nine days. Under the upgraded SCORES 2.0 framework, complaints are automatically forwarded to the entity concerned, which is given 21 days to submit an ATR to the investor. If dissatisfied, investors can opt for a first-level review within 15

Sebi rolls out standardised format for Specialised Investment Funds

Markets regulator Sebi on Friday introduced a standardized format for applications by mutual funds intending to establish Specialized Investment Funds (SIF) in a bid to ensure uniformity and streamline the processing of such applications. Additionally, Sebi issued a detailed format for the Investment Strategy Information Document (ISID) for SIFs. The introduction of SIFs is intended to bridge the gap between mutual funds and Portfolio Management Services (PMS) in terms of portfolio flexibility. As per Sebi's guidelines, investors are required to invest a minimum of Rs 10 lakh across all SIF strategies. However, this investment threshold does not apply to accredited investors. In its circular, Sebi said that to ensure consistency and efficiency in application processing, mutual funds looking to launch SIFs are required to submit their applications in a prescribed format. Under the ISID format requirements, Asset Management Companies (AMCs) will have to disclose the performance of e

Rs 10 lakh minimum investment is per PAN, not per SIF scheme: Sebi

Market regulator says clarification ends confusion for investors allocating funds across different SIF offerings from the same fund house

Sebi chief assures of no systemic risk despite tariff-induced selloff

Pandey - who took charge of Sebi last month - touted the country's settlement system as unique where trade clearing houses of both the National Stock Exchange of India Ltd. and BSE Ltd

Sebi sets up high-level committee to review conflict of interest provisions

Former IAS & CVC Pratyush Sinha to chair the six-member high-level committee

Sebi clarifies regulatory framework for Specialized Investment Funds

Markets regulator Sebi on Wednesday clarified the regulatory framework for Specialized Investment Funds (SIF) regarding minimum investment threshold. In its circular, Sebi said, "The new rule specifies that the minimum investment by an investor in all SIF strategies should be at least Rs 10 lakh at the Permanent Account Number (PAN) level." However, this rule does not apply to mandatory investments made by asset management companies (AMCs) for designated employees. Additionally, Sebi said the rules regarding the maturity of securities in interval schemes will not apply to interval investment strategies under SIF. Before this, investments were allowed only in securities that mature before the start of the next transaction period. If the securities have put or call options, the time left to exercise the put option must end before the next transaction period begins. The new provisions come into force immediately, it added. In February, Sebi came out with the regulatory framework for

Sebi eases FPIs' disclosure norms; doubles assets threshold to Rs 50,000 cr

Easing the disclosure norms for foreign portfolio investors (FPIs), markets regulator Sebi on Wednesday doubled the asset threshold to Rs 50,000 crore for making granular beneficial ownership disclosures. The decision has been taken amid an increase in the market size. Cash equity markets' trading volumes have more than doubled between FY 2022-23 and FY 2024-25. Accordingly, it has been decided to increase the threshold under size criteria from Rs 25,000 crore to Rs 50,000 crore, the Securities and Exchange Board of India (Sebi) said in a circular. Now, FPIs (individually or as an investor group), holding more than Rs 50,000 crore of equity AUM in Indian markets are required to disclose details of all entities holding any ownership, economic interest, or control, on a full look through basis. The new framework will come into force with immediate effect, Sebi added. Last month, the board of Sebi approved a proposal in this regard. In August 2023, Sebi had directed FPIs, who were

Union AMC plans SIF, AIF, and GIFT City foray, says CEO Madhu Nair

The AMC, which manages around ₹20,000 crore in its MF schemes, has set a ₹1 trillion assets under management (AUM) target for the next 5 years

Sebi directs entities to use '1600' phone number series for service calls

With an aim to enhance investor protection and curb financial fraud, markets regulator Sebi on Tuesday directed all its regulated and registered entities to exclusively use the '1600' phone number series for service and transactional voice calls to their existing customers. This directive aims to enhance investor security by minimising the risk of fraud perpetrated by unscrupulous entities that often use regular 10-digit numbers to disguise their identities. By adopting the '1600' number series, investors will be able to easily identify and attend calls from Sebi-regulated entities, thereby reducing the chances of falling victim to financial scams. "All regulated/registered entities are advised to only use the '1600' phone number series exclusively for service and transactional voice calls to their existing customers," Sebi said in a statement. The regulator has asked investors to remain vigilant and report any unsolicited commercial communications (UCC) or suspected fraudulent ...

Sebi announces launch of official X account for updates, notifications

Markets regulator Sebi on Tuesday announced the launch of its official X account -- @SEBI_updates. Accordingly, Sebi will be posting notifications relating to regulations, orders, circulars and press releases on the handle which will also be available on the regulator's website. "For quick access to various updates from Sebi, investors, corporates, intermediaries and other stakeholders may follow @SEBI_updates," the regulator said in a statement. The new handle was officially launched on April 4, it added.

CDSL to deposit Rs 3 cr as financial disincentive for technical glitches

The depository on Tuesday stated that Sebi's directions will have no impact on its operations or other activities

Retail investors give Mazagon Dock OFS a miss; Sebi imposes fine on R-Sec

The Securities and Exchange Board of India (Sebi) on Monday imposed a penalty of ₹7 lakh on Reliance Securities for alleged lapses in complying with stock brokers regulation

Sebi fines Rs 7L on Reliance Securities for flouting stock brokers' norms

Markets regulator Sebi on Monday imposed a penalty of Rs 7 lakh on Reliance Securities for non-compliance with the stock brokers' norms. It has been directed to pay the fine within 45 months, according to an order issued by Sebi. The direction came after the Securities and Exchange Board of India (Sebi) conducted an inspection of Reliance Securities, a registered stockbroker, from December 22, 2022, to January 24, 2023, to verify whether the entity compiled the stock broking activities. In its probe, Sebi found that Reliance Securities reported incorrect details in daily margin statements sent to clients in three instances. Further, the ledger balance was wrongly reported in one instance. Additionally, the regulator noted that Reliance Securities did not comply with risk-based supervision (RBS) guidelines as data for cash collateral was not captured while reporting the RBS data. "In RBS, Noticee (Reliance Securities) declared Rs 16.13 crore to the exchange for total funds availabl