Page 23 - Securities And Exchange Board Of India

Sebi comes out with 'stricter timeline' for disclosure of material events

Capital markets regulator Sebi on Wednesday came out with a "stricter timeline" for disclosure of material events or information by listed companies and introduced criteria for determining the materiality of events. The new framework will become effective from July 15, the Securities and Exchange Board of India (Sebi) said in a circular. Under the framework, the regulator asked listed companies to disclose family settlement agreements, which can impact the management and control of such firms to stock exchanges. These agreements need to be disclosed within 12 hours in case a listed entity is a party and within 24 hours where the listed entity is not a party. Further, for material events or information which emanate from the listed entity, including those related to acquisitions, Scheme of Arrangement, consolidation of shares, and buyback of securities, the timeline for disclosure by the entity has been reduced from 24 hours to 12 hours. In case of information that emanates from a .

Sebi to auction 22 properties of Bishal Group, NVD Solar on August 14

Capital markets regulator Sebi on Wednesday said it will auction 22 properties belonging to Bishal Group of companies and NVD Solar on August 14 to recover money illegally collected from investors. The properties will be auctioned at a reserve price of nearly Rs 37 crore, according to a public notice issued by the Securities and Exchange Board of India (Sebi). Of the 22 properties, 17 relate to Bishal Group of companies (Bishal Abasan India Ltd, Bishal Distillers Ld, Bishal Agri-Bio Industries Ltd, Bishal Horticulture and Animal Projects Ltd) and five pertain to NVD Solar. These properties include land parcels, flats and a residential building located in West Bengal. Inviting bids for the sale of properties in the recovery proceedings against the companies and their promoters and directors, Sebi said the auction will be conducted online on August 14 from 10:30 am to 12:30 pm. Adroit Technical Services has been appointed as the e-auction service provider. The regulator has asked

Adani-Hindenburg case: Sebi defends rule change on offshore investors

The Supreme Court will hear the ongoing Adani-Hindenburg case on Tuesday. The regulator has until Aug. 14 to submit its report

Sebi settles case of alleged unfair trade practices with individual

Markets regulator Sebi has settled a case with an individual on payment of nearly Rs 46 lakh as settlement amount in relation to alleged violation of certain norms related to prohibition of unfair trade practices. Sebi had received a complaint from Finsec Law Advisors alleging that Pawan N Agarwal and two others had violated certain provisions of PFUTP (Prohibition of Fraudulent and Unfair Trade Practices) regulations with respect to trades of its client Aequitas. Aequitas is a Mumbai-based boutique investment firm. "Pursuant to the investigation, it was observed that Pawan N Agarwal... had mirrored certain trades of Aequitas and thereby violated the provisions... PFUTP Regulations," the watchdog said while modifying a recent order through a corrigendum. Earlier, it was alleged that the individual had violated provisions of PFUTP by engaging in front running/ mirror trading of trades. The individual paid Rs 45,99,600 as the settlement amount. Earlier, Sebi order had said the ...

MSCI acknowledges India's transition to T+1 shorter settlement cycle

Stresses on need for coordinated transition to the shorter cycle

Not aware of any subpoena from US regulators to investors: Adani Group

This comes after Bloomberg reported that US regulators are probing the representations made by Adani Group to American investors after Hindenburg report accused it of manipulating stock prices

Sebi likely to change rules to track investments in PE and VC funds

The market regulator is doing this to identify the investors and the source of the money

Sebi lists new norms for high-risk FPIs: What it means for investments

Who is impacted; do the new rules better protect Indian companies from opportunistic takeover: questions answered

Sebi cancels registration certificate of Karvy Ltd; firm to still pay dues

Sebi had banned the Karvy and its promoters from the market for seven years through its order in April this year

Sebi reconstitutes intermediary advisory committee for legal framework

Sebi has reconstituted its intermediary advisory committee, which suggests on matters pertaining to changes in legal framework and enhancing transparency in systems and procedures of market intermediaries including stock brokers, depository participants and clearing members. Rejigging its committee, the capital markets regulator said the panel will continue to be chaired by S Ravindran Jain, former executive director at Sebi. Also, the regulator has inducted new members in the panel. The 21-member committee has representation from the brokerage industry, financial institutions, legal fields and Sebi's members, as per the information available with the markets watchdog. The regulator has inducted several new members including Nithin Kamath, founder and chief executive officer (CEO) of Zerodha Broking and Groww's CEO Lalit Keshre. Further, Ashish Chauhan, managing director and CEO of National Stock Exchange (NSE); Sundararaman Ramamurthy, MD and CEO of BSE; Narendra Wadhwa, President

Six short-sellers in Adani stocks under ED, Sebi lens for insider trading

SC report, stock revival to help Adani group raise Rs 21K cr: Bankers

Adani-Hindenburg case: SC grants Sebi time till August 14 to submit report

While granting the extension, CJI DY Chandrachud said that the proceedings shall be listed after the summer recess

Adani-Hindenburg: May grant Sebi a three-month extension for probe, says SC

In April, Sebi moved the SC and sought a six-month extension to complete its probe

Adani-Hinderburg row: Expert panel submits its findings to Supreme Court

The expert panel looking into the matter is chaired by former Supreme Court judge AM Sapre

India Inc registers surge in independent directors quitting their jobs

IDs are responsible for both legal and regulatory obligations. They can raise red flags and register their disagreement on board matters

Market regulator Sebi issues show-cause notice to Brightcom Group, promoter

In interim order, regulator says company painted a 'rosy picture' of its financial statements

Complying with Sebi's new rules will be challenging, onerous: AIF industry

Some believe alternative investment funds may face teething issue but the regulatory changes will eventually improve governance

Market regulator Sebi slaps show-cause notice on Royal Orchid Hotels

Sebi has provided a period of 21 days to the company, promoters CK Baljee and Keshav Baljee, and CFO Amit Jaiswal to file their reply or objections

Sebi to put in place framework to prevent frauds by stock brokers

To strengthen corporate governance norms, Sebi decided to end the practice of individuals having permanent seats on boards of listed companies

Deadline for nomination for demat, trading accounts extended till Sept 30

Decision taken on the basis of assessment of accounts where it has not been updated yet, says Sebi