Page 33 - Securities And Exchange Board Of India

Bombay Dyeing moves SAT against Sebi's Rs 2.25 cr fine, two-year market ban

Sebi had passed the order on the firm, its promoter Nusli N Wadia, and three others for allegedly inflating financial statements; firm responded saying its accounting practice was wrongly interpreted

Sebi closes 107 cases under settlement mechanism in FY22; collects Rs 59 cr

As many as 107 applications pertaining to flouting of securities law were settled with capital markets regulator Sebi fetching Rs 59 crore through settlement charges in 2021-22. This was way lower than 216 applications disposed of by passing appropriate settlement orders and the regulator collected Rs 68.23 crore in 2020-21, according to the latest disclosure made by Sebi in its annual report. The settlement orders were passed in cases related to alleged violations of AIF (Alternative Investment Funds) as well as mutual fund norms, insider trading rules, PFUTP (Prohibition of Fraudulent and Unfair Trade Practices) and LODR (Listing Obligations and Disclosure Requirements) rules, among others. Under the settlement mechanism, an alleged wrongdoer can settle a pending case with the regulator without admission or denial of guilt by paying a settlement fee. The settlement mechanism is a tool for ensuring speedy and efficient resolution of disputes. During 2021-22, Sebi received 345 ..

ESMA logjam: EU regulator's move may disrupt bond, derivatives markets

Indian derivatives markets could see disruptions on EU regulator move

ESMA-Indian regulators logjam: European banks' loss may aid US peers

Foreign investors may switch to custodians backed by American banks for India exposure

KFintech settles Sebi proceedings with payment of over Rs 91 lakh

The registrar and transfer agent was found to be violating rules during a Sebi inspection in 2019-2020

A different kind of quiet quitting

Policy loopholes are encouraging many promoters to exit their companies stealthily, raising the question: Should promoters be in control after pledging their shares?

Continue SIPs for eight years to avoid loss in equities, say experts

Neither day of the month nor frequency of SIP has a material impact on returns

Sebi recovery rate less than 2% of Rs 99,490 cr claimed since 2013-14

Number of pending notices was up 31% to 2,872 at the end of FY22, from 2,193 the previous year

Market regulator Sebi issues guidelines to standardise CRAs' rating scales

The regulator also specified standard descriptors for 'rating watch' and 'rating outlook'

Sebi bans Mehul Choksi from securities market for 10 years, fines Rs 5 cr

Choksi is already facing Income Tax department and ED action

SFBs need Rs 4,000 cr capital to maintain 30% CAGR in advances: CareEdge

Capital raising delayed amid volatile markets, lower risk apetite among investors

Sebi suspends registration of RTA for three months over operational lapses

Findings against Satellite Corporate Services "shocking and disturbing", says Sebi order

Using tech to crack down on insider trading: Sebi's Madhabi Puri Buch

Regulator will by next year have a system enabling data storage of trades between exchanges, ensuring work is not affected in a cyberattack

Sebi's front-running investigations rise even as overall cases dip

More probes were completed than in the previous year

Sebi bars Momentum Tips, its proprietor from securities markets for 3 years

Sebi has barred Momentum Tips and its proprietor Ajay Kumar Mukhiya from the securities markets for three years for providing unauthorised investment services. The regulator issued a show cause notice to Momentum Tips and Mukhiya in September 2021. The market watchdog found that Momentum Tips and Mukhiya (noticees) were indulged in providing investment advisory services without obtaining registration from the Securities and Exchange Board of India (Sebi). The noticees have collected Rs 33.19 lakh during February-July 2019, Sebi said in an order on Tuesday. Sebi has directed the noticees to refund the money within three months received from the clients as fees in respect of their investment advisory services. Also, the regulator barred the noticees from the securities markets for a period of three years or till the expiry of three years, from the date of completion of refund to clients/investors, whichever is later. In addition, they shall not undertake investment advisory service

A family at war: Kirloskar siblings await SC judgement on arbitration

The Kirloskars are fighting a legal war over group assets with Sanjay Kirloskar chairman of Kirloskar Brothers Ltd on one side, and his brothers, Atul, 66, and Rahul, 59, on the on the other side

Consultancy companies doubling capacity in sustainability divisions

According to industry sources, about 350-400 of the 1,000 companies have already engaged the services of sustainability consultants

Sebi clears govt proposal to turn Vodafone Idea dues into equity: Report

The govt's stake in Vodafone after the conversion could be more than 30%, says a govt official

Committed to completing open offer process for 26% NDTV stake: Adani group

Adani Group, which missed the date for the launch of an open offer to buy an additional 26 per cent stake in NDTV, on Wednesday said it is committed to completing the process and has asked SEBI to provide comments on its draft open offer letter. The conglomerate, run by India's richest man Gautam Adani, in August acquired a little-known company that lent over Rs 400 crore to NDTV's founders more than a decade ago in exchange for warrants that allowed the company to acquire a stake of 29.18 per cent in the news group at any time. Post that, Vishvapradhan Commercial Pvt Ltd (VCPL) - the firm that Adani group bought out - announced that it would on October 17 launch an open offer to buy an additional 26 per cent stake from minority shareholdres of NDTV. In a stock exchange filing, Adani Enterprises Ltd said VCPL has urged SEBI "to provide its observations on the Draft Letter of Offer filed in relation to the Open Offer, in accordance with the SEBI (SAST) Regulations." VCPL along with

Sebi focuses on data, tech tools to detect malpractice in securities mkt

With an aim to strengthen transparency and fairness in the capital markets, Sebi is focusing on data tools to detect wrong-doing in the securities market as well as for its policy formulation. Apart from data, another focus area for the Securities and Exchange Board of India (Sebi) would be deployment of technology. "Data and technology are the two new tools that Sebi is building for itself," the regulator said, adding that the move would enhance transparency and fairness in the securities market. In its annual report for 2021-22, the regulator said it is increasingly using more and more data to detect wrongdoings in the markets, whether it is in respect of surveillance of trading or investigation into fraud or inspection of market intermediaries. In its decision making particularly in the context of policy formulation, the regulator said it "will rely more and more on data and eschew dogma in any form. The approach of decision making will be guided by principles and logic supporte