Page 76 - Sebi

Wockhardt denies Carol Info rent payment allegations, link with Sebi orders

Drug firm Wockhardt has denied allegations regarding payment of rent by Carol Info Services and its connection with certain orders passed by SEBI in relation to the company. "In this regard, we categorically deny these allegations and state that these allegations are completely baseless and misleading," Wockhardt said in a regulatory filing late Friday. It said the company has acted and continues to act in compliance with all applicable laws. On Friday, the Congress' media and publicity department head, Pawan Khera said that between 2018 and 2024, Madhabi Buch - as a whole-time member and later chairperson of Securities and Exchange Board of India (SEBI) - had been receiving rental income amounting to Rs 2.16 crore from Carol Info Services, a company affiliated to Wockhardt. Mumbai-based Wockhardt was being investigated by SEBI for various cases, including that of insider trading during 2023, he said at a press conference at the AICC headquarters in Delhi.

Sebi alters reporting timelines for commercial paper payment obligations

Sebi on Friday modified the timeline for entities with listed commercial papers to report the status of their payment obligations within one working day of the payment due date, bringing it in line with the reporting requirements for non-convertible securities. The move will enhance transparency for stakeholders and ensure timely disclosures by the entities. In its circular, Sebi said, the LODR (Listing Obligations and Disclosure Requirements) rules mandate entities with listed non-convertible securities to report the status of their payment obligations (payment of interest or dividend or repayment or redemption of principal) within one working day of its payment becoming due. Earlier, the rule required issuers of listed commercial papers to submit a certificate confirming the fulfilment of their payment obligations within two days of payment becoming due. Sebi said it has amended the rule in order to align the timeline of intimating stock exchanges regarding status of payment ...

As Sebi's deadline looms, FPIs seek extension to liquidate assets

Deadline to not have holdings beyond specified thresholds ends on Monday

Congress launches fresh attack on Sebi chief Buch over rental income

Income of Rs 2.16 cr from firm linked to Wockhardt, a company under investigation

Wockhardt falls 5% after Congress alleges Sebi head of conflict of interest

This came after the Congress party accused Securities and Exchange Board of India (Sebi) chairperson Madhabi Puri Buch of a conflict of interest involving the pharmaceutical firm Wockhardt

Congress levels fresh conflict of interest charges against Sebi chief Buch

Levelling more conflict of interest allegations against SEBI Chairperson Madhabi Buch, the Congress on Friday claimed that she received rental income from an entity affiliated with a company that the capital markets regulator was investigating for various cases, including that of insider trading. Congress general secretary in-charge communications Jairam Ramesh said the question really had to be asked of Prime Minister Narendra Modi and no one else on how much more evidence was needed to show the collapse of transparency and integrity, as far as the capital markets regulator was concerned. "By the NSE's data, there are now 10 crore Indians with unique PANs who have some form of investment in this market. Don't they deserve better? Why does he not move? What is he afraid of?" Ramesh said in a post on X. The Congress' media and publicity department head Pawan Khera said that between 2018 and 2024, Buch -- as a whole-time member and later chairperson of the Securities and Exchange Boar

Sebi to tighten derivative rules to increase barriers despite pushback

'The regulator believes that this warrants additional measures both for small investor protection and for ensuring continued systemic stability,' the source added

Performance of regulatory bodies, railway subsidies under PAC scanner

Amid a political storm over allegations of conflict of interest against SEBI chairperson Madhabi Buch, the Parliament's Public Accounts Committee has decided to review the performance of regulatory bodies established by Acts of Parliament. The Public Accounts Committee (PAC), chaired by Congress leader and Lok Sabha member K C Venugopal, decided to include suo-moto subjects -- performance review of regulatory bodies established by Acts of Parliament, reforms in banking and insurance sector, review of implementation of centrally sponsored welfare schemes -- as part of its agenda that includes a total of 161 subjects. Buch is facing allegations of conflict of interest over the Securities and Exchange Board of India (SEBI) investigation into the Hindenburg Research claims against the Adani Group. The Congress has questioned payments made to Buch made by ICICI Bank, her former employer, after she became a whole time member of SEBI, and sought an independent probe into the matter. The

Parliament's Public Accounts Committee likely to summon Sebi chief Buch

The PAC will probe the allegations against the Sebi chief and also ask her and other officials from the ministries of finance and corporate affairs to appear before the committee

Cong demands independent inquiry into allegations against Sebi chief

Amid the row over allegations against SEBI chairperson Madhabi Buch, the Congress on Thursday demanded an independent inquiry into the matter, asserting that it is in national interest to have a probe as foreign investors were getting concerned and there were doubts about the integrity of India's stock markets. The opposition party said only an objective, independent inquiry with the SEBI Chairperson Buch stepping aside was needed until then can restore trust and confidence in India's stock markets and hence the economy. Chairman of Professionals' Congress and Data Analytics Praveen Chakravarty claimed that lots of skeletons are tumbling out of the cupboard of SEBI, which is one of the nation's most important institutions. "On 10 August, a foreign research firm issued a report with allegations against the SEBI chairperson and her family regarding offshore funds, for which they claimed to have documentary evidence. This allegation was made by a research firm, not by any political ...

Sebi sets up new expert group of 22 members on listing obligations

Committee headed by former RBI deputy governor will advice regulator on corporate governance, harmonisation of listing and post-listing obligations

A section of Sebi staff protests, seeks Madhabi Puri Buch's resignation

Demand Buch's resignation amidst row over unprofessional work culture

PM Modi in Singapore, French Prime Minister Michel Barnier, Sebi employees & more

Prime Minister Narendra Modi visited Singapore after Brunei. During his visit, India and Singapore signed four MoUs focusing on digital technologies, semiconductors, health, and skills development.

350 mn sq ft office space worth $60 bn to get SM-Reit listing by 2026: CBRE

Around 350 million square feet of prime office space, valuing more than USD 60 billion, will become eligible by 2026 to get listed as Small and Medium Real Estate Investment Trusts (SM-REITs), according to CBRE. In March, capital markets regulator Securities and Exchange Board of India (Sebi) notified the framework for SM-REITs. At present, there are no listed SM-REIT in the country. Real estate consultant CBRE on Thursday released its report titled, 'Navigating the SM REIT Landscape - A Look at Regulations and Implications'. As per the report, the total completed office stock in India currently stands at over 800 million square feet, of which REIT-listed office inventory is over 88 million square feet. "The potential market for SM-REITs in India covers over 300 million square feet of completed commercial space, besides an additional 50 million square feet of space expected to be completed by 2026. This translates into an estimated market size of over USD 60 billion," the consultan

Demat accounts surge past 171 mn, helped by investor interest in IPOs

There has been an average addition of 4 mn accounts monthly since 2024

Sebi may notify tighter F&O norms soon; aims to curb investor losses

New rules likely to be issued without taking it up with the board

Sebi rebuts allegations of employee mistreatment, improper work culture

In a press release, the regulator stated that its junior employees were misinformed about automatic promotions and being underpaid despite having a cost-to-company of Rs 34 lakh per annum

Upcoming IPO alert: DAM Capital Advisors files DRHP with Sebi; details

DAM Capital Advisors has revealed that its initial public offering comprises an offer for sale of up to 3.206 crore shares of the company

SAT adjourns hearing on Zee's plea against Sebi on fund diversion matter

Plea on alleged fund diversion matter may now be heard later in September

Mkt regulator Sebi enhances 'ease of doing' business for foreign investors

The market regulator is also working to make regulations 'light-touch' for those FPIs which only invest in government securities or are sovereign funds