Page 79 - Sebi

Unified Lending Interface, Ladakh districts, Sebi's notice to Vijay Shekhar Sharma & more

Today, the RBI Governor announced the upcoming nationwide launch of the Unified Lending Interface (ULI). Just as UPI simplified online transactions, ULI is expected to ease the loan process.

Deepak Shenoy's Capitalmind gets in-principle approval for MF foray

Capitalmind joins the likes of Angel One and Unifi Capital in the queue for a final MF licence

Capitalmind gets Sebi's in-principle approval to launch MF business

Investment management company Capitalmind Financial Services on Monday said it has received in-principle approval from market regulator Sebi to launch a mutual fund business. As a portfolio manager, Capitalmind currently manages over Rs 2,200 crore in assets under management (AUM) for more than 1,150 clients, boasting a strong annual client retention rate of 98 per cent. Since its inception, the Bengaluru-based company has doubled its AUM every financial year, driven by robust portfolio performance and steady inflows. This growth has resulted in wealth creation exceeding Rs 1,000 crore for clients in less than seven years. "Receiving Sebi's in-principle approval for a mutual fund is both an honour and a privilege. We are grateful for this opportunity and remain committed to building long-term wealth while maintaining the highest standards of regulatory compliance," Deepak Shenoy, CEO of Capitalmind, said. "We look forward to establishing Capitalmind Asset Management Company to meet

Sebi ban on Anil Ambani, and his Reliance Group's many troubles: A timeline

Once ranked sixth-richest person in the world in 2008, Anil Ambani has faced numerous legal and financial hurdles, leading him to announce bankruptcy in a UK court in 2020

Anil Ambani reviewing securities market ban, to take appropriate steps

No action against us, clarify Rel Infra, Rel Power

Auto parts maker Carraro India files papers with Sebi for Rs 1812 crore IPO

The IPO is fully comprised of an offer-for-sale valued at Rs 1,811.65 crore by its promoter, Carraro International SE, which operates as an investment holding company

RHFL fund diversion case: 5-year market ban for Anil Ambani, 24 others

Sebi imposes Rs 624 cr fine on 27 individuals, entities

Market regulator Sebi to release stress test findings on equity MFs

Fund houses have started publishing their own stress test results for smallcap schemes every fortnight since March, amid concerns of "frothy valuations"

CARE Ratings settles CRA rules violation case with Sebi; pays Rs 13 lakh

CARE Ratings Ltd on Friday settled a case pertaining to alleged violation of Credit Rating Agencies (CRA) rules with markets regulator Sebi after paying Rs 13.05 lakh. The order came after CARE Ratings filed an application with Sebi proposing to settle the proceedings initiated against it, "without admitting or denying the findings of facts" through a settlement order. "In view of the acceptance of the settlement terms and the receipt of the settlement amount...the instant adjudication proceedings initiated against CARE Ratings Limited is disposed of in terms of...the Settlement Regulations," Sebi said. The Securities and Exchange Board of India (Sebi) had initiated adjudication proceedings against CARE Ratings Ltd for alleged violation of a clause related to 'Monitoring and Review of Ratings by Credit Rating Agencies (CRAs) specified under CRA Regulations.

ADAG stocks crack up to 10% as Sebi bans Anil Ambani from markets for 5 yrs

Sebi bans Anil Ambani news: According to a PTI report, Sebi has barred Anil Ambani, and 24 other entities, from the securities market for a period of five years

Sebi asks CAs to be extra careful while auditing cos listed on SME exchange

Sebi's whole-time member Ashwani Bhatia on Friday asked chartered accountants to be more diligent while auditing companies listed on the SME exchange platforms. Addressing an industry event of CAs, Bhatia said it is important to look at the listed SMEs (Small and medium-sized enterprises) in a more careful way because the same companies will grow to be a part of the main board in the future. "We have seen some challenges there (SME platform). We request you to be extra careful as far as SME IPOs and fundraising are concerned because these small companies will become much, much bigger going forward," the banker-turned-capital markets regulator said. Bhatia expressed satisfaction with the progress of the SME platform, stating that Rs 14,000 crore has been raised by such entities, with Rs 6,000 crore being raised in FY24 alone. He compared the CAs to "doctors", and added that they act as first-level regulators by ensuring orderly conduct of companies. Bhatia said many Sebi investigat

New IPO! Blackstone-owned IGI India files DRHP with Sebi to raise Rs 4k cr

IGI IPO: With this initial public offering, the company is offering a fresh issue of shares worth up to Rs 1,250 crore and an offer for sale of Rs 2,750 crore of equity shares

Anil Ambani banned from security market for 5 yrs, fined Rs 25 cr by Sebi

Anil Ambani and 24 other entities have been barred from the securities market for five years for fund diversions from Reliance Home Finance Ltd

Here's why Hindenburg 2.0 requires a different response from India

Supreme Court in New Delhi should consider bringing back the committee it had set up last year after the New York-based short seller's original report

Hindenburg row: Cong holds protests, demands Buch's resignation, JPC probe

The Uttar Pradesh Congress held a demonstration here on Thursday, demanding Securities Exchange Board of India (SEBI) chief Madhavi Buch's resignation and the formation of a Joint Parliamentary Committee (JPC) to investigate the Adani issue. Led by state Congress president Ajay Rai, a large number of party leaders and workers protested outside the Raj Bhavan and demanded the formation of a JPC on the recent Hindenburg report. The Congress' provincial spokesperson Anshu Awasthi said party workers were marching towards the office of the Enforcement Directorate (ED) in Lucknow but police stopped them near the Raj Bhavan, where they held their demonstration. State Congress president Rai said the recent Hindenburg Research report has completely exposed "corruption". "SEBI chief Madhavi Buch should resign or she should be dismissed," he added. Rai also said that the Hindenburg report has exposed the Adani group's "scams". The opposition party has stepped up its attack on the government

Delhi Congress protests at Jantar Mantar for SEBI chief's resignation

Leaders and workers of the Congress' Delhi unit staged a demonstration here on Thursday demanding SEBI chief Madhabi Buch's resignation from her post and the constitution of a joint parliamentary committee to probe the Adani issue. The protest at the Jantar Mantar was attended by Delhi Congress chief Devender Yadav, senior leader Sachin Pilot, Kanhaiya Kumar and Udit Raj, among others. The Congress wants an impartial investigation into the matter, Pilot said. The opposition party has stepped up its attack on the government after Hindenburg Research launched a fresh broadside against market regulator SEBI chairperson Madhabi Buch, claiming she and her husband had stakes in obscure offshore funds used in the alleged Adani money siphoning scandal. Buch and her husband have denied the allegations levelled against them as baseless and asserted that their finances are an open book. The Adani Group has also termed Hindenburg Research's latest allegations as malicious and manipulative of

Sebi proposes changes to regulations regarding debenture trustees

Markets regulator Sebi on Wednesday proposed certain changes to regulations related to debenture trustees. A consultation paper has been issued to provide clarity on the term 'pecuniary relationship' of Debenture Trustee (DT) with the issuer under the existing norms and stakeholders can submit their comments till September 11. At present, there are restrictions on appointment of an entity as a DT in case of a certain level of pecuniary relationship with the issuer. The curbs will be applicable if the entity's pecuniary relationship with the issuer amounts to 2 per cent or more of its gross turnover or total income or Rs 50 lakh or such higher amount as may be prescribed, whichever is lower. The gross income will be calculated for the two immediately preceding financial years or during the current financial year. Against this backdrop, some DTs have sought clarity on whether the remuneration being drawn by DTs from the issuer is included or excluded from the purview of 'pecuniary .

ICICI Securities pays Rs 69.82 lakh to Sebi, set to delist from markets

ICICI Securities resolves Sebi case with Rs 69.82 lakh settlement, concurrently gains NCLT approval for delisting despite some objections from minority shareholders

Latest global audit norm adoption on regulators' table to upgrade standards

The move to adopt ISA 600 is intended to tighten oversight on auditors who are often found shielding behind audit reports approved by subsidiary companies

Sebi releases new cyber security framework for regulated entities

Markets watchdog Sebi on Tuesday issued a new cyber security framework wherein all regulated entities are required to have appropriate security monitoring mechanisms, and the fresh norms will be implemented in a graded manner starting from January 2025. Besides, a Cyber Capability Index (CCI) for market infrastructure institutions and qualified regulated entities will be introduced to monitor and assess their cybersecurity maturity and resilience on a regular basis. The Cybersecurity and Cyber Resilience Framework (CSCRF), formulated after consultations with stakeholders, comes at a time when there are rising instances of cyber attacks. The framework will supersede the existing cybersecurity circulars and guidelines for the entities regulated by Sebi, according to a circular. For small regulated entities, Sebi said that stock exchanges NSE and BSE will establish market Security Operation Centres (SOCs) to assist them in meeting the requirements under the new framework. These SOCs