Page 5 - Securities Market

Debenture trustees not allowed to act as trustee for digital gold: Sebi

Sebi on Wednesday said debenture trustees are not allowed to act as a trustee for unregulated products.

Govt invites applications for post of Sebi chairman in place of Ajay Tyagi

The finance ministry has invited applications to appoint the next chairman of the Securities and Exchange Board of India

SAT quashes Sebi ban on Yashovardhan Birla, others from securities mkt

The Securities Appellate Tribunal (SAT) has quashed a Sebi order that had barred Yashovardhan Birla and others from the securities market for two years for alleged mis-utilisation of the IPO proceeds. The Sebi, in October 2020, restrained Birla Pacific Medspa Ltd, Yashovardhan Birla and eight others from the securities market for two years for mis-utilisation of the IPO proceeds. Birla Pacific Medspa Ltd (BPML), which came out with offer documents in March 2011, had floated its over Rs 65-core initial public offering (IPO) in June 2011. The regulator, in its order, said that the company made misstatements in the prospectus in respect of the objects of the IPO. Pursuant to Sebi's order, Yashovardhan Birla and other individuals moved SAT. These individuals were the signatories to the prospectus of Birla Pacific Medspa. In its order dated August 26, the SAT said that appellants did not make any misstatement in the prospectus. It, further, said that the finding given by the Sebi that

CJ of Bombay HC, Sebi chief underline growing importance of securities law

NISM, MNLU commence second batch of joint LLM programme in securities law

Sebi introduces accredited investors concept in Indian securities market

Markets regulator Sebi has introduced the concept of 'accredited investors' in the Indian securities market, a move expected to open up a new channel for raising funds

Framing investor charter for securities mkt: Sebi chairman Ajay Tyagi

Capital markets regulator Sebi is working on framing a charter for investors in the securities market, which is aimed at bringing more transparency in the investment process

Global securities markets regulators team up to keep watch on SPACs

SPACs are shell companies that list themselves on the stock market and use the proceeds to buy other companies

Sebi bars Global Infratech, its directors, 12 others from securities market

Sebi has restrained Global Infratech and Finance Ltd, its directors and 12 other individuals from the securities market for their roles in a fraudulent scheme of trading in firm's shares

Brokerages, securities analysis industry good vehicles to ride bull-run

Larger firms garnering market share amidst good growth in industry

China steps up supervision of overseas-listed firms after Didi IPO drama

Under the new measures, China will improve regulation of cross-border data flows and security, crack down on illegal activity in the securities market and punish fraudulent securities issuance

Sebi bars Biocon's official from securities mkt for 3 months, levies fine

Regulator Sebi has restrained an official of Biocon Ltd from accessing the securities market for three months and also levied monetary penalty for contravening insider trading norms. Biocon had announced information relating to its collaboration with Sandoz and the period of unpublished price sensitive information (UPSI) was from December 20, 2017 to January 18, 2018, The Securities and Exchange Board of India (Sebi) noted in an order passed late on Wednesday. Senior vice president of Biocon, Shreehas P Tambe, being an insider traded in the shares of the firm between December 19-27, 2017, in violation of market norms. Besides, Tambe also failed to make the timely requisite disclosures to Biocon pertaining to the trade for the sale of shares on December 19 and 20, 2017, where the sell value was more than Rs 10 lakh. As part of mandatory obligation under Prohibition of Insider Trading norms, Tambe was required to make disclosure within two trading days from the date of sale of shares

Best of BS Opinion: RIL's mega green push, India's securities mkt & more

Here are the best of Business Standard's opinion pieces for Friday

Securities market: On the cusp of change

Para 68 of the Budget announcement of 2021, exactly 30 years after 1991, could be the beginning of the next round of financial sector reforms

Zenith Birla GDR manipulation case: Sebi bans 7 entities, 6 individuals

Cracking the whip in a GDR manipulation case related to Zenith Birla (India) Ltd, Sebi on Tuesday barred six individuals and seven entities from the securities market for varying periods

Sebi bars 3 companies, 10 individuals for illegal fund raising activities

Regulator Sebi on Friday barred three companies and ten individuals from the securities market for illegally raising money from investors in the name of investments for teak trees.

Sebi bars Sai Proficient, proprietor from accessing securities market

Sebi has barred Sai Proficient Investment Advisory and its proprietor Meeshika Vishwakarma from accessing capital markets

Sebi bars Capitalaim Financial Advisory, 5 others from securities market

Markets regulator Sebi on Monday barred Capitalaim Financial Advisory Pvt Ltd and five individuals from accessing securities market

Securitisation volumes continue sequential growth in third quarter

Securitisation volumes halved to Rs 24,400 crore during the December quarter compared to the year-ago period

Sebi bars Money Plus Research, proprietor from securities for 2 yrs

Among other directions, they have been asked to refund the money received from the clients/ investors as fees or consideration or in any other form in respect of their unregistered investment advisory

RBI to allow retail investors to directly enter govt securities market

This will make India the first Asian country to do so and among a handful globally