Page 8 - Sebi

No need to fly home for KYC: Sebi proposes easing geo-tag rules for NRIs

The regulator's draft circular suggests removing the requirement for non-resident investors to be physically present in India during KYC verification, seeking public feedback by November 13.

SAT rejects FPIs' appeals on warrants, upholds Sebi's disclosure mandate

The tribunal upheld Sebi's disclosure circular requiring FPIs to reveal ownership structures to the ultimate beneficiary level, rejecting appeals by Elara and Vespera Funds

Sebi considers easing re-KYC, modifications for NRIs through geo-tagging

Under the proposed norms, through an app, it will be ensured that the GPS location captured by the intermediary matches that of the country given in the client's proof of address

Sebi mulls uniform process for opening MF folios, first investments

Under the new proposal, first-time investments in newly created MF folios can only be made after KYC verification is completed by the KYC Registration Agency (KRA)

Mutual funds seek Sebi nod for global expansion, wider business play

Industry wants flexibility to expand globally, enter allied segments like wealth mgmt, advisory

Flipkart-backed Shadowfax gains regulatory approval for IPO in India

Logistics firm clears Sebi hurdle to launch offering estimated at up to ₹2,500 crore; updated draft prospectus expected soon as company targets valuation near ₹8,500 crore

UTI AMC shares slide as profit halves; RBL Bank surges 9% on NBD deal

Shares of UTI Asset Management Company slipped up to 10 per cent after its Q2 profit halved due to one-time pension-related expenses and weaker income

Sebi proposes easing transfer, demat norms for pre-2019 securities

Sebi proposes fresh window for transfer of pre-2019 physical securities and plans to scrap the Letter of Confirmation system to simplify demat procedures for investors

ARCIL set to go public as Sebi clears IPO plan of India's oldest ARC

SBI and Avenue Capital-backed ARCIL to offer 105 million shares in an IPO through an offer for sale; IIFL, IDBI Capital, and JM Financial to manage the issue

Calcutta Stock Exchange may mark its last Diwali ahead of voluntary exit

With Sebi reviewing its voluntary exit application, the 117-year-old Calcutta Stock Exchange is preparing for its final Diwali as a bourse before transforming into a holding firm

Sebi proposes measures to ease dematerialisation, transfer of old shares

Markets regulator Sebi on Friday proposed measures to make it easier for investors to dematerialise physical shares and transfer them, especially those lodged before April 1, 2019. By addressing long-pending transfer issues and removing redundant steps in the current system, Sebi aims to enhance investor convenience while continuing to promote dematerialisation in the securities market. In its consultation paper, Sebi proposed to temporarily relax rules to allow the transfer of such old shares, even though they are in physical form. This exception, however, will be time-bound, with a sunset clause to ensure that dematerialisation remains the long-term goal. Once verified by the company or the Registrar and Transfer Agent (RTA), these shares will be credited directly to the investor's demat account. In addition to this proposal, the regulator has suggested abolishing the current process of issuing a 'Letter of Confirmation' (LOC) to further simplify the dematerialisation procedure.

India's green shift to create jobs but skills gap a concern: Ratul Puri

India's journey towards net-zero emissions holds the potential of generating millions of job opportunities, but a significant gap in skilled workers may impact progress, according to Hindustan Power chairman Ratul Puri. As the country looks to achieve Net-Zero by 2070, solar power could create 3.26 million jobs by 2050, wind energy could generate 0.18 million jobs by 2030, and bioenergy, alongside green hydrogen, may add 0.27 million and 0.6 million jobs respectively by 2030, Puri said. Electric vehicle industry could provide 10 million direct jobs and 50 million indirect jobs by 2030. This sector is well-positioned to welcome new workers, upskill existing talent, and integrate the current 35 million ICE workforce, Puri noted. Despite encouraging projections, Puri highlighted the importance of preparing for upcoming workforce demands. Studies show that a smaller pool of green talent and fewer established pathways for developing relevant skills present ongoing challenges during this

Insider trading in IEX stock: Sebi investigation traverses new ground

The ₹173-crore order stands out as Sebi's largest and fastest insider trading enforcement, potentially widening scrutiny to senior CERC officials over policy-linked leaks

Insider trading in IEX stock: CERC starts probe, sends 3 officials on leave

We have taken immediate cognizance of the alleged insider trading related to market coupling, says CERC

Sebi aims to boost institutional participation in commodity markets

The regulator had said in August it was also considering extending equity derivatives contract tenures and limiting who can trade

Duroflex files DRHP for IPO, aims to raise ₹183-cr via fresh issue

Duroflex IPO comprises a fresh issue worth ₹183 crore and an offer for sale (OFS) of up to 22.56 million shares

Sebi extends deadline to Jan 2026 for angel funds to disclose allocation

Markets regulator Sebi on Wednesday extended the timeline to January 31, 2026, for disclosing the allocation methodology by angel funds in their Private Placement Memorandum (PPM). Earlier, the deadline was October 15. "Based on representation from the AIF industry requesting additional time to meet this requirement, it has been decided to extend the said timeline to January 31, 2026, for ease of compliance," Sebi said in its circular. Accordingly, allocation of any investment made by existing angel funds post January 31, 2026, should be in accordance with the defined allocation methodology disclosed in their PPMs. Under the Sebi's framework, angel funds will have to disclose a defined methodology in their PPMs for the purpose of allocating the investment among angel investors who provide approval for such investment. In September, the regulatory framework for angel funds was revised under AIF (alternative investment fund) norms. As part of the revised framework to streamline ...

Sebi alleges insider trading in Indian Energy Exchange derivatives

Sebi's move underscores intensifying enforcement around derivatives activity in the world's largest equity options market by contracts traded

Sebi orders ₹173 cr disgorgement from 8 entities for IEX insider trading

Individuals got price-sensitive information before announcement from high-ranking CERC officials

Sebi chief urges public interest directors to strengthen governance at MIIs

Tuhin Kanta Pandey urges public interest directors to reinforce risk checks, cybersecurity, and governance culture at stock exchanges, clearing bodies, and depositories