Page 28 - Securities And Exchange Board Of India

7 working days: Sebi now prescribes 'strict' timelines for FPI disclosures

Experts said the amendments will give Sebi increased powers to seek information from overseas funds

Tata Technologies submits IPO papers with Sebi to raise capital via OFS

Currently, Tata Motors holds 74.42 per cent stake in Tata Technologies, while Alpha TC Holdings which is a singapore-based investement firm managed by Tata Capital Advisors owns 8.96 per cent

Sebi announces reward mechanism for informants providing tips on defaulters

With an aim to recover fines from elusive offenders, capital markets regulator Sebi on Thursday introduced a reward system for up to Rs 20 lakh to informants for sharing information about the assets of defaulters. The reward may be granted in two stages -- interim and final. While the interim reward amount will not exceed two and a half per-cent of the reserve price of the asset regarding which tips was provided or Rs 5 lakh, whichever is less and the final reward amount will not exceed 10 per cent of the dues recovered or Rs 20 lakh, whichever is less. Coming out with guidelines on grant of reward to an informant who provides credible information about the assets of the defaulter under recovery proceedings, Sebi said, "information and the identity provided by the informant or the reward paid to him shall be held in confidence." As per Sebi, a person will be considered to be an informant eligible for reward if he or she furnishes original information in relation to the asset of a .

Supreme Court asks Sebi to check on Adani's related party transactions

The Supreme Court of India also ordered the formation of an investor-protection panel amid sharp falls in the Adani group's shares

Sebi cancels registration of 4 brokers in National Spot Exchange Ltd case

Sebi on Tuesday cancelled the registration of four brokerage houses for facilitating its clients to trade on the platform of the now defunct National Spot Exchange Ltd (NSEL) in illegal 'paired contracts'. The brokerages whose registrations were cancelled were Share India Commodity Brokers, Sharewealth Commodities, CIL Commodities and Eureka Commodity Brokerage. By providing such a facility of taking exposure to 'paired contracts', the brokers exposed their clients to the risk involved in trading in a product that did not have regulatory approval, Sebi said in four separate orders. The acts by the brokers raised doubts on their competence to act as a registered securities market intermediaries, the orders noted. Accordingly, the regulator noted that these entities do not satisfy "fit and proper person" criteria for holding the certificate of registration as brokers in the securities market and cancelled the registration of the brokerage houses. This comes a day after Sebi cancelle

NSE gets Sebi approval to launch Social Stock Exchange as separate segment

Eligible NPOs can begin by registering on the SSE segment. Post-onboarding, NPOs can initiate the fund mobilisation process by issuing instruments

Disclosure gains

Sebi's proposals on listing norms would aid transparency

61 words that NSE doesn't want traders to use without proper registration

The announcement has been made to safeguard investors from traders who claim to have services other than broking services without having the applicable registration

Baring Private Equity India pays Rs 16.57 lakh to settle case with Sebi

Baring Private Equity India Investment Manager LLP has settled with markets regulator Sebi a case pertaining to alleged flouting of AIF rules. This came after Baring Private Equity (noticee) proposed to settle the proceedings through a settlement order "without admitting or denying the findings". In the settlement order passed on Monday, Sebi said, "The instant adjudication proceedings initiated against Baring Private Equity India Investment Manager LLP vide SCN dated on May 12, 2022 is disposed of". The Securities and Exchange Board of India (Sebi) had initiated the adjudication proceedings for the alleged violation of AIF (Alternative Investment Fund) norms. Thereafter, the regulator issued a show cause notice (SCN) to the noticee on May 12, 2022, for violating AIF rules. Pending adjudication proceedings, the noticee filed a settlement application with Sebi to settle the case. The regulator recommended the settlement of instant proceedings upon payment of Rs 16.57 lakh. After t

Adani-Hindenburg row: Supreme Court for expert panel on investors' safety

Court asked regulator to file response detailing how a strong framework can be put in place

Stock exchanges up scrutiny of traders whose exposure exceeds income

NSE asks asked brokers to check for suspicious transactions as derivative activity surges

Stop media reports on Adani firms unless verified by Sebi, lawyer urges SC

A plea has been moved in the Supreme Court seeking a gag order to prevent media from publishing allegations in connection with the Adani group firms unless market regulator Sebi verifies them

Sebi to auction assets of MPS Group, 5 others to recover investors' money

Sebi on Tuesday said it will auction 22 properties belonging to companies of MPS Group, Tower Infotech and four others on March 3 for a reserve price totalling Rs 91 crore in a bid to recover investors' money. Apart from MPS Group and Tower Infotech, the regulator has put on block properties of Vibgyor Group, Prayag Group, Multipurpose BIOS India Group and Waris Finance International Group. These companies had raised funds from investors without complying with regulatory norms. The 22 properties to be auctioned include land parcels, storied buildings, flats and a commercial space, situated across West Bengal, the Securities and Exchange Board of India (Sebi) said in a notice. Inviting bids, Sebi said auction of the properties will be conducted through online mode on March 3 during 11 am to 1 pm. Of the 22 properties to go under the hammer, 11 belong to MPS Group of companies; 3 each relate to Multipurpose BIOS India Group and Vibgyor Group of companies; two each are of Prayag Grou

Sebi mulls allowing PE funds to become sponsor of mutual fund house

The Securities and Exchange Board of India (Sebi) has sought comments from the public till January 29 on the proposals

OFCD issuance case: Sebi issues notice to Sahara Group firm, others

The notice came after the entities failed to pay the fine imposed on them by the Securities and Exchange Board of India (Sebi)

Sebi issues debt broker license to Zerodha-backed GoldenPi Technologies

The Securities and Exchange Board of India (Sebi) has issued a debt broker license to Bengaluru-based fintech firm GoldenPi Technologies. With the development, GoldenPi became the first online bond platform provider to receive a debt brokerage license from Sebi. Last year, the regulator introduced regulations for online debt trading platforms which stated that no company or individual shall act as an online bond platform provider without the certificate of registration as a stock broker under the SEBI Regulations, 2021. The awarding of the license by Sebi to GoldenPi is expected to work as a catalyst for greater investor trust in the online bonds and debentures investment space, the company said in a release. "We are extremely delighted to have received the license and are confident that this would incentivise more investors to invest in the debt market with utmost trust," said Abhijit Roy, CEO and co-founder, GoldenPi. Incorporated in 2017, the Zerodha-backed company currently of

Sebi allows govt stake in IDBI Bank to be reclassified as public post sale

The government, with a more than 45% stake in IDBI Bank, is currently classified as a co-promoter of the lender

Sebi fines DSP group firms Rs 1 lakh for charging TER from AMC books

Sebi noted the defaulters paid 0.09% expenses of the scheme out of 0.16% from their own books in case of DSP Nifty 50 ETF

BOI MF settles 'inter-scheme transfer' case with Sebi, pays Rs 3.93 cr

The fund house along with five individuals pay Rs 3.93 crore for the settlement

Sebi proposes regulatory framework for index providers, Rs 25 cr net worth

The regulator has floated a fresh consultation paper proposing provisions for eligibility, disclosures and audit