Page 92 - Sebi

Sebi to hire 49 officers; online application link closes on June 30

Capital markets watchdog Sebi on Tuesday initiated the process to hire 49 officers in different departments this year, a move that will help in faster and more effective execution of its regulatory role. This came after the Securities and Exchange Board of India (Sebi) invited applications in March for the 97 senior-level posts. The link for submitting the application online was originally scheduled to open on April 13. However, it was decided to postpone the same due to the schedule of the General Elections. Now, in a fresh notice on Tuesday, Sebi has invited applications for 49 posts of Officer Grade A (Assistant Manager) for General, legal, information technology, engineering electrical, research and official language streams. The link for submitting the application online will be open till June 30. The regulator is looking to fill 34 positions in the General stream, 10 in information technology, two in the legal team and one each in engineering (electrical), research and offic

Hyundai Motor India prepares for IPO filing, potential to raise $2.5 bn

Hyundai Motor India IPO: Indian unit of the Korean automaker is expected to file a DRHP with Sebi within the next two weeks

Sebi's proposed tweaks likely to lead to big churn in F&O stocks

Analysts foresee over two dozen exits and 75 entrants

Following HC order, Sebi to auction 22 properties of 7 companies on July 10

Markets regulator Sebi on Monday said it has lined up 22 properties of seven companies -- including Pailan Group, Vibgyor Group and GBC Industrial Corp group -- for auction on July 10 to recover money illegally collected from investors. Other firms, whose properties will also be auctioned, are Tower Infotech Group, Waris Group, Teachers' Welfare Credit and Holding Group, and Annex Infrastructure India Ltd. The regulator has initiated the process for the sale of assets of the companies as per orders by the Calcutta High Court. Justice Sailendra Prasad Talukdar has been appointed as the one-man committee for liquidating the assets of the firms and repaying the investors. The move is part of Sebi's effort to recover investors' money. The properties include plots and a flat in West Bengal and they will be auctioned at a reserve price of Rs 45.47 crore, according to a notice issued by the Securities and Exchange Board of India (Sebi). Adroit Technical Services Ltd has been engaged by t

Sebi junks rule to freeze demat a/cs, eases MF folio norm for investors

Capital markets regulator Sebi on Monday eased rules for existing investors with abolishing the norm of freezing demat accounts and mutual fund folios in case of failure to provide a 'choice of nomination'. Additionally, investors holding securities in physical form would be eligible for receipt of any payment, including dividend, interest or redemption payment as well as to lodge grievances or avail any service request from the RTA (Registrars to an Issue and Share Transfer Agents) even if they did not submit 'choice of nomination'. Earlier, the regulator set June 30, 2024, as the deadline for all existing individual mutual fund holders to nominate or opt out of nomination. Failure to comply with the rule could have led to the freezing of their accounts for withdrawals. Based on representations received from the market participants, for ease of compliance and investor convenience, Sebi has decided that for existing investors or unitholders, non-submission of 'choice of nomination'

'Buy-the-dip' failed mutual fund investors on election day: Here's why

Several investors had taken to social media to complain about being unable to square off their positions

Sebi proposes to open credit default swap market for MF: key factors

Sebi has proposed to permit participation of mutual funds in CDS buying for all schemes as well as CDS selling for all schemes except overnight and liquid

Sebi signals change with tougher futures and options stock rules

New framework may displace low-turnover stocks, introduce market heavyweights

Sebi proposes steps to open credit default swap market for mutual funds

CDS allows an investor to offset their credit risk with another investor, who is willing to reimburse or pay a notional amount in case the borrower or the issuer of the bond defaults

Sebi penalises individual for not complying with summons in HAL case

Sebi on Friday imposed a fine of Rs 20 lakh on Rajat Mishra for failing to comply with the summons issued by the authority in a matter pertaining to violation of market norms while dealing in Hindustan Aeronautics Ltd's (HAL) shares. The regulator has directed the individual (Rajat Mishra) to pay the amount of penalty within 45 days. The Securities and Exchange Board of India (Sebi) had initiated adjudication proceedings against Mishra for the alleged violation of the regulatory norms. Thereafter, a show cause notice was issued by Sebi to Mishra on May 8, 2024. "I note ...that the investigation report in the matter records that failure to furnish information and failure to appear in person before the Investigating Authority (IA) by the entity (Mishra) has hampered the investigation process and shows his callous attitude and complete disregard to the regulator," Sebi's Adjudicating Officer Amar Navlani said in an order. Accordingly, the regulator penalised Mishra for flouting the S

Plea asks SC to direct govt, Sebi to probe market crash after poll results

The application, filed by Advocate Vishal Tiwari, also asked the court to direct Sebi to submit the investigation report of allegations made against the Adani group by US-based Hindenburg Research

Sebi bags 'Best Conduct of Business Regulator' award by The Asian Banker

Sebi has been given 'Best Conduct of Business Regulator' award in Asia Pacific by The Asian Banker for its role in enhancing the regulatory framework for securities markets in India. The award was received by Sebi's Whole Time Member Kamlesh Chandra Varshney in a ceremony held in Hong Kong. "This authority (Sebi) has been actively working towards instantaneous settlement. In 2021, T+1 settlement was introduced in a phased manner, which was fully implemented from January 2023. This move has provided investors with faster access to their funds following trade execution and settlement, enhancing market efficiency and liquidity," The Asian Banker said in a statement. Through rigorous enforcement and innovative regulatory practices, Sebi has significantly improved the conduct of business in the country's financial markets, ensuring fair treatment of consumers and robust market integrity, it added. The Asian Banker creates platforms to build a greater sense of community amongst players i

Explained: Sebi's plan to make investing easy for small investors

SEBI wants to make investing in the stock market easier for people with smaller amounts of money. Watch the video to know how.

Sebi mandates KRAs to update KYC info on Central KYC Records Registry

Sebi has asked KYC registration agencies to upload KYC details of all capital market investors from August 1

Sebi asks KRAs to integrate systems with Central KYC Records Registry

Capital markets regulator Sebi on Thursday directed the KYC Registration Agencies to integrate their systems with Central KYC Records Registry and begin the uploading of KYC data from August 1. The KYC record of a client is uploaded on the system of KYC Registration Agencies (KRAs) by the intermediaries performing client due diligence. Additionally, the KYC information is uploaded on Central KYC Records Registry (CKYCRR) by the intermediaries. In a circular, Sebi asked registered intermediaries to continue to upload or modify the KYC information with proper authentication on the systems of KRA. Further, KRAs will upload the verified or validated KYC information onto the system of CKYCRR within seven days of receiving the same from intermediaries. "The KRAs shall integrate their systems with CKYCRR and commence the uploading of KYC records on CKYCRR from August 1, 2024," Sebi said. Further, KRAs will ensure that existing KYC records of legal entities and of individual clients are

Sebi warns ICICI Bank over investor outreach for ICICI Securities delisting

ICICI Securities, a subsidiary of ICICI Bank, had secured a shareholder nod in March for the delisting

Foreign investors now have more time to report changes to regulator Sebi

f an FPI delays informing a custodian (called a Designated Depository Participant or DDP) about a change, the DDP is required to report the delay to Sebi within two working days.

Sebi eases timelines for FPIs to report, disclose material changes

While Sebi has specified a 14-point list for type 1 material changes, all other changes will fall under Type 2 category and will be required to be reported within thirty days with supporting documents

Sebi mulls raising threshold for basic service demat account to Rs 10 lakh

Capital markets regulator Sebi on Wednesday proposed to enhance the threshold for the basic service demat account (BSDA) to Rs 10 lakh from the current Rs 2 lakh in a bid to boost the participation of retail investors in the securities market. A basic service demat account, or BSDA, is a more basic version of a regular demat account. The facility was introduced by Sebi in 2012 for reducing the burden of demat charges on investors with small portfolios. At present, an individual can hold debt securities worth up to Rs 2 lakh and other than debt securities worth up to Rs 2 lakh in a single demat account to be eligible for BSDA. In order to further boost participation in the securities market and to facilitate ease of doing investments, the facility of BDSA has been comprehensively reviewed, Sebi said in its consultation paper. The regulator proposed that the value of securities held in the demat account should not exceed Rs 10 lakh for debt and other than debt securities combined at

Sebi mandates process of securities payout directly to client accounts

To enhance operational efficiency and reduce the risk to clients' securities, markets regulator Sebi on Wednesday decided to make the process of direct payout of such securities to the client's account mandatory. This will become effective from October 14, the Securities and Exchange Board of India (Sebi) said in a circular. Currently, the clearing corporation credits the pay-out of securities in the pool account of the broker, who then credits the same to the respective client's demat accounts. Further, a facility of direct delivery to investors was introduced in February 2001. After extensive deliberations with the stock exchanges, clearing corporations (CCs) and depositories, Sebi has decided that "the securities for pay-out shall be credited directly to the respective client's demat account by the CCs". Moreover, clearing corporations should provide a mechanism for trading member(TM) or clearing members (CM) to identify the unpaid securities and funded stocks under the margin