Page 53 - Sebi

Ten entities settle Sebi case for Rs 5.96 crore over trading violations

A total of 10 entities have settled a case of trading using non-public information from guest experts on Zee Business Channel with markets regulator Sebi after paying a total of Rs 5.96 crore towards the settlement amount. Additionally, the settlement includes a six-month voluntary debarment period from buying, selling, or dealing in securities. The applicants have settled the case with Sebi without admitting or denying the allegations through a settlement term. The settlement resolves the case, and no further action will be taken against the applicants unless they breach the terms of the settlement. The case involved stock recommendations given by guest experts on the Zee Business Channel, and Sebi's investigation found that 15 entities were allegedly involved in trading using non-public information from these recommendations between February 2022 and December 2022. In its investigation, Sebi found that 15 entities were allegedly involved in trading using non-public information f

Sebi bars Pacheli, 6 others in Rs 850 crore preferential allotment case

Action in potential 'pump and dump' case as market capitalisation surges to Rs 4,000 crore from Rs 40 crore in just 8 months

Sebi pushes Rs 250 monthly investment plans to deepen reach of equities

Sebi is looking to introduce simpler customer identification rules and lower costs as it aims to popularise small-ticket investments via mutual funds

Hindenburg, Adani, and Buch: The investigations that shook markets

Hindenburg's reports revealed major corporate issues, including Adani's $100 billion market loss and other industry investigations. The firm has now announced its closure

Adani group shares soar up to 9% as Hindenburg says 'it is shutting down'

Hindenburg shutting down: In a social media post on 'X', formerly Twitter, Hindenburg Research Founder Nate Anderson said that he had made the decision to disband Hindenburg Research

Sebi resolves over 5,600 complaints through SCORES platform in Dec 2024

Capital markets regulator Sebi has disposed of 5,636 complaints in December last year through its complaint redressal system SCORES platform. According to Sebi data, the complaints pending as of November 30, 2024, stood at 5,826. During December, the regulator received 5,193 fresh complaints, bringing the total applications to 11,019. Of these, 5,383 complaints remained unresolved as of December 31, 2024, the regulator said in a public notice on Tuesday. The markets watchdog also highlighted that the average resolution time taken by entities to submit Action Taken Reports (ATRs) to investors in December was eight days. For complaints escalated to the first-level review, the average resolution time was five days, showcasing the efficacy of the updated system. Under the upgraded SCORES 2.0 framework, complaints are automatically forwarded to the concerned entity, which is given 21 days to submit an ATR to the investor. If dissatisfied, investors can opt for a first-level review wit

Nuvama positive on NSE, BSE growth despite volume dip in F&O segment

Sebi's proposal on dilution of stake in clearing corporations to hit financials, says report

Sebi issues warning to J&K Bank for delayed disclosure of MD appointment

Capital markets regulator Sebi has issued an administrative warning letter to J&K Bank for regulatory non-compliance with regard to disclosure of appointment of its MD & CEO. The disclosure was made on December 25, 2024 at 4:53 PM with a delay of 1 hour 40 minutes beyond the stipulated timeline of 24 hours from the time for occurrence of the event (RBI's approval) i.e. December 24, 2024 at 3:14 PM, Sebi's letter posted by J&K Bank on stock exchanges on Tuesday said. "The event relating to appointment of MD & CEO is considered significant because of the surge in price as well as volume movement of the bank's scrip, traded on the platform of the stock exchanges, between the date of occurrence of the event i.e. December 24, 2024 and the next trading day i.e. December 26, 2024," the letter said. The bank had made a disclosure on December 25, 2024 (trading holiday) regarding appointment of Amitava Chatterjee as Managing Director and Chief Executive Officer for a period of ..

Sebi may mandate issuance of new securities in demat form after stock split

To encourage demat holding of securities, Sebi on Tuesday proposed mandating listed companies to issue securities only in demat form following stock split, consolidation of face value of shares, and merger or demerger. In case an investor does not have a demat account, the issuer companies will be required to open a separate demat account with a suitable ledger of ownership or suspense escrow account for dealing with such securities, Sebi proposed in its consultation paper. Dematerialisation of securities has several benefits, including reduction of frauds and forgery, elimination of loss and damage of securities, faster and more efficient transfers, improved transparency and regulatory oversight, mitigation of legal disputes, cost reduction of investors and companies, etc. Considering this, while Sebi is encouraging holding of securities in demat form by the investors, at present a few investors hold securities in physical form. Although it is legally permissible to hold securitie

Sebi's SIF move aims to deepen corporate bond market for investors, issuers

While SIFs are expected to focus on potential equity investments and related strategies, they could also draw investors with a higher risk appetite in debt or credit investments

Street signs: Laxmi Dental GMP at 37%, market mood rides the seesaw

An official previously mentioned that the regulator has been engaging with multiple corporations to explore muni bonds

Sebi 'watchful' of manipulative practices, trades in index heavyweights

Whole-time member Ananth Narayan addressed concerns of 'pump & dump'

Ease of doing business: Sebi mulling new metrics to measure risk in F&O

New steps to ensure risks in both cash market and derivatives are comparable, curb any possible manipulation

Registration process for FPIs investing only in G-Secs to get easier

Move will do away with need to furnish specific data sought earlier

Sebi proposes increasing threshold for granular disclosures by FPIs

Market regulator plans to double the threshold to Rs 50,000 crore

Bombay Burmah Trading, Wadias settle matter with Sebi for Rs 2.1 crore

The settlement amount was recommended by a high-powered advisory committee and approved by a panel of whole-time members

Reits, InvITs, municipal bonds hold potential for next decade: Sebi chief

Madhabi Puri Buch also stated that Rs 250 SIP will soon be launched

Sebi revamps mutual fund, demat nomination to reduce unclaimed assets

The regulator has also issued detailed guidelines for nominees to act on behalf of incapacitated investors

Sebi outlines procedure for seeking waiver of interest on penalty payment

Markets regulator Sebi on Friday came out with a procedure for seeking a waiver or reduction of interest concerning recovery proceedings initiated by it for failure to pay penalty. Under this, Sebi said the applicant's requests for waiver/reduction is required to be submitted to the relevant recovery officer, with documentation supporting the fulfilment of three criteria from Section 220(2A) of the Income Tax Act, 1961. Section 220(2A) allows the waiver or reduction of this interest under specific conditions. The criteria include payment of such an amount causing genuine hardship to the applicant; default was due to circumstances beyond the applicant's control and the applicant has cooperated in any related inquiry. In its circular, Sebi said applications are allowed only if the notice of demand has already been served and the principal amount due is fully paid. The Sebi's recovery officer will forward the application to the competent authority, which will take a decision within 1

Nusli Wadia, sons, others settle disclosure lapses case with Sebi

Bombay Burmah Trading Corporation, its promoters including Nusli Wadia, his sons Ness and Jehangir, and others on Friday settled a disclosure lapses case with markets regulator Sebi after paying Rs 2.12 crore towards settlement amount. In all, a total of 18 entities settled the case pertaining to flouting various provisions of securities market norms. The order came after the entities proposed to settle the violations "without admitting or denying the findings" by paying settlement amounts. "It is hereby ordered that any proceedings that may be initiated for the violations ... are settled in respect of the applicants," Sebi said in its settlement order. As per the order, the entities allegedly failed to make timely disclosures of shareholding changes and related party information; and failed to comply with accounting standards and regulations on related party disclosures as required under SAST (Substantial Acquisitions of Shares and Takeovers) norms and insider trading rules. Also