Page 9 - Securities And Exchange Board Of India

Sebi to tighten related party transaction disclosure norms for listed firms

Chairperson announces while unveiling new portal to track India Inc RPTs

Sebi turns down Danny Gaekwad's plea for competing open offer for Religare

Regulator says application 'frivolous', not backed by financial capabilities; also questions due diligence of investment banker

Sebi seeks broader powers to curb unauthorised financial advice online

The request comes as the regulator has intensified investigations into market violations and clamped down on unregulated financial advice circulating on social media

Innovatiview India files draft papers with Sebi for Rs 2,000 crore IPO

Noida-based Innovatiview India, has filed preliminary papers with capital markets regulator Sebi to raise Rs 2,000 crore through an initial public offering. The proposed Initial Public Offering (IPO) is entirely an Offer-For-Sale (OFS) of equity shares worth up to Rs 2,000 crore by promoters, according to the Draft Red Herring Prospectus (DRHP) filed on Thursday. The OFS consists of the sale of shares worth up to Rs 800 crore each by Ashish Mittal and Ankit Agarwal, and up to Rs 320 crore worth of shares by Vishal Mittal and Abhishek Agarwal will be offloading shares for Rs 80 crore, respectively. Since the IPO is entirely an OFS, the company will not receive any funds from the issue and the proceeds will go to the selling shareholder. Innovatiview India is a technology-driven company providing automated ancillary security and surveillance solutions for examinations, elections and large-scale events pan-India. As of September 30, 2024, the company is the largest player for examina

Sebi proposes rules to beef up ERP framework; aims to enhance transparency

Key areas include withdrawal of ESG ratings, disclosure of rating rationale

Sebi proposes new framework to handle unclaimed funds, securities

The regulator has proposed that if the client is not reachable or the funds cannot be credited to their bank account, such accounts will be put under 'enquiry status'

Sebi bars LS Industries, promoters for alleged stock manipulation

Cautions investors against 'blind pursuit' in companies without strong fundamentals

Sebi bans LS Industries, promoter, 4 others from securities markets

Sebi on Tuesday restrained Himachal Pradesh-based LS Industries, its promoter Profound Finance and four others from the securities markets till further orders following allegations of fraudulent activities and stock price manipulation. The markets regulator also directed Jahangir Panikkaveettil Perumbarambathu (JPP), a Dubai-based NRI public shareholder, to impound unlawful gains of Rs 1.14 crore from the sale of shares as part of a prima facie fraudulent scheme, the order said. Suresh Goyal, Alka Sahni, Shashi Kant Sahni HUF and JPP were also prohibited from the securities market by Sebi till further orders. The regulator directed the entities to co-operate with Sebi's investigation by furnishing all relevant information. The matter pertains to LS Industries and its key associates were involved in artificially inflating the company's share price despite negligible revenue and financial instability. In an interim order passed on Tuesday, Sebi noted that LS Industries Ltd (LSIL), a

Mkt regulator Sebi cracks down on 'Options Queen', others for illegal gains

Directs them to disgorge Rs 53.67 cr

Market regulator Sebi plans to ease AIF debt investment regulations

Due to shrinking universe of unlisted debt, Sebi has proposed to allow Category II AIFs to invest in lower-rated paper

Sebi bans 'she wolf' of stock market YouTuber in finfluencer crackdown

The market regulator has seized Rs 54 crore in ill-gotten gains from Asmita Patel

Sebi bars Brightcom Group chairman, whole-time director for 5 years

Chairman and whole-time director debarred from the markets for five years

NSE Clearing fails to meet liquidity norms; reports Rs 176.65 cr shortfall

NSE Clearing Ltd, the clearing house of the National Stock Exchange (NSE), has failed to meet the capital markets regulator Sebi's mandated liquidity requirements, citing the non-payment of dues by rival BSE as the primary reason for the shortfall. In its December 2024 quarterly results, NSE Clearing, the exchange's unit responsible for clearing and settling its trades, reported a shortfall of Rs 176.65 crore in its minimum liquid assets. The company informed Sebi in a letter dated January 9 that this deficit was primarily due to the non-receipt of Rs 312.37 crore in dues from BSE. An NSE Clearing spokesperson said its auditors flagged the outstanding payment issue in their third-quarter financial review. The outstanding amount pertains to "interoperability arrangements", the official said. "The company is yet to receive outstanding dues of over Rs 300 crore from BSE Ltd. NSE Clearing is communicating with BSE on this matter," the spokesperson added. The Securities and Exchange B

Derivatives volumes remained stagnant in January despite volatility

December marked the first calendar month since the introduction of new rules, including one weekly expiry per exchange and higher extreme loss margins

Sebi mulls safe UPI payment mechanism for registered market intermediaries

Markets regulator Sebi is looking to come out with a new mechanism to ensure secure and efficient payments in the securities market through Unified Payments Interface (UPI) in bid to distinguish legitimate financial intermediaries from fraudsters. Under the proposed mechanism, the regulator has suggested creating a unique UPI address for registered market intermediaries, making it easier for investors to confirm that they are paying only registered entities. The proposed UPI payment limit for capital market transactions is set to Rs 5 lakh per day, higher than the current Rs 2 lakh limit. This will be evaluated periodically in consultation with National Payments Corporation of India (NPCI). The Securities and Exchange Board of India (Sebi) floated a consultation paper on the proposals on Friday and sought public comments on them by February 21. Since 2019, Sebi has enabled UPI as a mode of payment in the market. However, there has been a growing issue with unregistered entities ..

Sebi WTM Amarjeet Singh raises concerns of greenwashing by India Inc

Says some manufacturing, automotive, and energy cos making misleading disclosures

Sebi extends futures trading ban on seven agri-commodities till March 31

In December 2021, SEBI first announced the suspension of derivatives trading for five commodities/commodity groups

Sebi sets rules to differentiate educators from financial influencers

Move to curb finfluencers doling out stock tips in the guise of educational content

Delhi HC denies stay on the Religare AGM, Burman family open offer

The HC observed that there was no valid competing offer at present before the market regulator, the Securities and Exchange Board of India (Sebi)

Sebi cracks down on 'finfluencers' with new rules on stock education

Sebi's latest circular states that stock market educators can only use stock prices with a three-month lag, effectively preventing them from offering real-time trading tips disguised as education