Page 54 - Sebi

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

Sebi bars Hemant Ghai, two others from dealing in securities for five years

The regulator found that trades executed through the accounts of Ghai's family members were synchronised with stock recommendations aired on his shows

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