The Securities and Exchange Board of India (Sebi) has said that rumour verification requirements, regulations 30 and 30A of disclosure regulations, ESG (environmental, social, and governance) assurance and structured digital database under insider trading regulations have emerged as priority areas for its pilot around formulating standards for implementation. “Associations have indicated a timeline… Continue reading Sebi ‘implementation standard’ pilot for verification requirements starts
Tag: Sebi
Sebi plans changes to force disclosures from conglomerates, unlisted firms
By Jayshree P Upadhyay BENGALURU (Reuters) -India’s markets regulator plans to change its rules to force unlisted companies to make more disclosures, including on related-party and financial transactions at the group, or conglomerate level, the regulator said on Monday. Private companies in India are not required to make rigorous disclosures related to… Continue reading Sebi plans changes to force disclosures from conglomerates, unlisted firms
BLS E-Services files draft papers with Sebi to garner funds via IPO
The IPO comprises a fresh issue of 2.41 crore equity shares with no offer for sale (OFS) component, according to the draft red herring prospectus (DRHP) filed on Friday. BLS E-Services Ltd has filed draft papers with capital markets regulator Sebi to mobilise funds through an initial public offering (IPO). The company is… Continue reading BLS E-Services files draft papers with Sebi to garner funds via IPO
Sebi provides clarity on online resolution of disputes framework
After exhausting these options for resolution of the grievance, if the investor is still not satisfied with the outcome, he/she can initiate dispute resolution through the Online Dispute Resolution (ODR) portal, Sebi said in a circular. Capital markets regulator Sebi on Friday provided more clarity on the framework concerning online resolution of disputes in… Continue reading Sebi provides clarity on online resolution of disputes framework
Sebi reduces time limit for AIFs, VCs to invest overseas to 4 months
If these funds fail to make investments within this time limit, then Sebi can allocate their unutilized limits to other applicant AIFs and VCs. Capital markets regulator Sebi on Friday reduced the validity period of approval given to alternative investment funds (AIFs) and venture capital funds (VCFs) for making overseas investments to four months… Continue reading Sebi reduces time limit for AIFs, VCs to invest overseas to 4 months
HSBC MF enters Rs 1-trn AUM club; Sebi NSDL IPO in abeyance
HSBC MF enters the Rs. 1-trn AUM club The mutual fund (MF) industry now has fourteen fund houses with assets under management (AUM) of over Rs. 1-trillion with HSBC MF becoming the latest entrant to the club, according to a release by the fund house. Active debt schemes account for 45 per… Continue reading HSBC MF enters Rs 1-trn AUM club; Sebi NSDL IPO in abeyance
Sebi keeps in abeyance the proposed IPO sale of securities depository NSDL
Capital markets regulator Sebi has kept in ‘abeyance’ the proposed initial share sale of securities depository NSDL. However, the Securities and Exchange Board of India (Sebi) did not clarify further. The National Securities Depository Ltd (NSDL) filed its preliminary papers with the capital markets regulator on July 7. Going by the… Continue reading Sebi keeps in abeyance the proposed IPO sale of securities depository NSDL
Market regulator Sebi cancels registration of MMTC as broker in NSEL case
Capital markets regulator Sebi has cancelled the registration of MMTC Ltd as a stock broker for its involvement in illegal “paired contracts” in a case pertaining to now defunct National Spot Exchange Ltd (NSEL). While cancelling the licence, Sebi directed MMTC to allow its existing clients to withdraw or transfer their securities or… Continue reading Market regulator Sebi cancels registration of MMTC as broker in NSEL case
Sebi, APMI jointly set standards for performance audit of PMS players
The Securities and Exchange Board of India (Sebi) and Association of Portfolio Managers in India (APMI) will jointly set standards for performance audit of portfolio management services (PMS) players. After Sebi’s recent tightening of norms, PMS players are required to conduct a performance audit annually and submit a report within 60 days after the… Continue reading Sebi, APMI jointly set standards for performance audit of PMS players
Sebi slaps Rs 30 lakh fine on 6 for indulging in non-genuine trades
Capital markets regulator Sebi has slapped fines totalling Rs 30 lakh on six entities for indulging in non-genuine trade in the illiquid stock options segment on the BSE. In six separate orders on Monday, the regulator imposed a fine of Rs 5 lakh each on Shrenil L Zaveri, Skyrail Logistics, New Star System… Continue reading Sebi slaps Rs 30 lakh fine on 6 for indulging in non-genuine trades