Page 64 - Sebi

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

Sebi renews recognition to AMC Repo Clearing for 1 yr to clear transactions

Markets regulator Sebi has renewed its recognition of AMC Repo Clearing Ltd as a clearing corporation for one year till January 16, 2026 for clearing and settling transactions in repo and reverse repo in debt securities. The regulator has granted renewal of recognition for one year starting January 17, 2025, according to a notification uploaded on Sebi's website on Friday. Under the rules, AMC Repo Clearing Ltd will not undertake any activity except that of clearing and settling of transactions in repo and reverse repo in the debt securities that are dealt with or traded on a recognised stock exchange. Earlier, the Securities and Exchange Board of India (Sebi) had granted recognition to such clearing corporations in January 2023. In October 2020, Sebi allowed setting up of a Limited Purpose Clearing Corporation (LPCC) for clearing and settlement of repo transactions in debt securities. Subsequently, in February 2021, the regulator issued guidelines wherein asset management compan

Fund raising from capital markets to jump 21% to Rs 14.27 trn in FY25: Buch

Overall fundraising from capital markets, including through equity and debt instruments, is estimated to jump by nearly 21 per cent to Rs 14.27 lakh crore in FY25 from the Rs 11.8 lakh crore in FY24, Sebi chief Madhabi Puri Buch said on Friday. Buch said in the past nine months of the current fiscal, entities have mobilised Rs 3.3 lakh crore in equity and Rs 7.3 lakh crore from the debt markets, with the overall mop-up reaching Rs 10.7 lakh crore. "If we project for the next quarter (Q4), we will probably end somewhere like over Rs 14 lakh crore raised for the year in terms of capital, both equity and debt," Buch said addressing a NISM-organised conference here. A presentation made by Buch pegged the FY25 estimate at Rs 14.27 lakh crore. Buch said money raised by real estate investments trusts, infrastructure investment trusts and municipal bonds has a very small contribution to the overall capital raising at around Rs 10,000 crore in the first nine months of FY25, but added that s

Markets Today: TCS Q3; FIIs; Quadrant Future IPO allotment; US, UK bonds

Thursday's session had already painted a grim picture, with the Sensex plunging 528.28 points (0.68 per cent) to close at 77,620.21. The Nifty shed 162.45 points (0.69 per cent) to settle at 23,526.50

Fundraising via equity, debt hit all-time high in 2024: Prime Database

Ninety-one firms raised Rs 1.6 trillion through main board IPOs in 2024, more than three times Rs 49 436 crores through 57 IPOs in 2023

Broker claims 1,103 dependent children accounts; Sebi slaps Rs 9 lakh fine

Sebi had carried out a detailed and thematic inspection of the Stocking Services Limited with the theme 'Multiple UCCs mapped to common email ID or common mobile number'

SC tells Sebi to review development proposals for Sahara's Versova property

The court directed both the developers to deposit Rs 1,000 crore via a demand draft, saying it will not be encashed until the court takes a final decision in the matter

Sebi approves IPOs of Regreen-Excel, Dr Agarwal's, Casagrand, Highway Infra

However, two other companies-Amruta Healthcare and Mouri Tech-that had filed their draft documents have withdrawn their application

Sebi warns Ola Electric over disclosure norms violation, its shares fall 4%

The company's MD had disclosed expansion plans on social media before information on stock exchanges

Sebi issues new guidelines for research analysts, investment advisers

Markets regulator Sebi on Wednesday said it has issued guidelines on the regulatory framework for research analysts and investment advisers to bolster investor protection and ensure transparency. These guidelines came after the regulator notified the research analyst (RA) rules and investment adviser (IA) norms in December last year. The new norms encompass qualification standards, fee structures, deposit requirements, and client segregation protocols. The regulator introduced fresh compliance mandates, particularly for entities utilising artificial intelligence (AI) tools in their services. Under the revised framework, Sebi said research analysts are required to maintain a deposit based on their client base, ranging from Rs 1 lakh for up to 150 clients to Rs 10 lakh for over 1,000 clients. These deposits aim to provide additional security for investors. Also, investment advisers are mandated to follow a graded deposit system tied to client numbers. Existing IAs must comply with

Two individuals pay Rs 91 lakh to settle front-running case with Sebi

Two individuals on Wednesday settled a case pertaining to an alleged front-running with Sebi by paying a settlement fee of Rs 91 lakh. Apart from the settlement amount, these two individuals -- Meghana Gosar and Devan Sangoi -- have to comply with other conditions to settle the matter, the capital markets regulator said. One of the conditions included a disgorgement amount of Rs 27.77 lakh to be paid by Gosar. The disgorgement amount is to be paid along with 12 per cent per annum from the date of violation (April 30, 2022) till the date of filing of the settlement application, Sebi said in the settlement order. Also, Gosar and Sangoi will voluntarily debarred themselves from accessing as well as dealing in the securities markets for six months. The order came after the applicants proposed to settle by neither "admitting nor denying the findings of fact and conclusions of law" by filing two separate settlement applications. "In exercise of the powers...in terms of the settlement .

Sebi modifies credit rating agency rules to enhance ease of doing business

Capital markets regulator Sebi has revised timelines for credit rating agencies (CRAs) to enhance the ease of doing business by introducing the term "working days" instead of "days" for compliance deadlines. In a circular issued on Tuesday, the markets watchdog announced changes in rules for CRAs aimed at standardising rating processes and publication protocols. These changes follow recommendations from a working group on CRAs that highlighted the challenges posed by existing timelines, especially during non-working days. "One of the recommendations of the Working Group of CRAs for ease of doing business pertains to modification of approach on specifying timelines from 'days' to 'working days' in respect of certain requirements," Sebi said. Under the revised rules, the regulator said credit rating agencies are required to publish press releases on rating actions within seven working days of the relevant event, replacing the previous mandate of seven calendar days. Similarly, for