This is aimed at improving the safeguards within the Account Aggregator or AA framework to curb misuse of the financial information in frauds and mis-selling. Sebi on Tuesday came out with a proposal on collating and defining use cases of Financial Information Users (FIUs) in the Account Aggregator framework in securities markets. This… Continue reading Sebi floats consultation paper to improve Account Aggregator framework
Tag: Sebi
Sebi fines MSEI, its MD, CFO for flouting Securities Contracts rules
Capital markets regulator Sebi on Tuesday imposed a penalty totalling Rs 12 lakh on Metropolitan Stock Exchange of India Ltd (MSEI), its managing director Latika Kundu and HR head as well as chief financial officer Saket Bhansali for violating Securities Contracts rules. They have been directed to pay the fine within 45 days,… Continue reading Sebi fines MSEI, its MD, CFO for flouting Securities Contracts rules
Sebi imposes Rs 13 lakh fine on two former executives of Wockhardt
Market regulator Sebi has imposed penalties totalling Rs 13 lakh on two former executives of Wockhardt for flouting insider trading norms. The regulator has slapped a fine of Rs 12 lakh on Yatendra Kumar and Rs 1 lakh on Shashi Kant Tiwari. The order came after Sebi conducted an investigation into the… Continue reading Sebi imposes Rs 13 lakh fine on two former executives of Wockhardt
Investment firm attempts to sell assured return product to Sebi official
Capital markets regulator Sebi has imposed a penalty of Rs 12 lakh on investment adviser Investment Visor for promising assured returns, making misleading claims on its website and mis-selling to clients. Praveen Verma is the proprietor of Investment Visor. Incidentally, one of the employees of Investment Visor called up a Sebi official… Continue reading Investment firm attempts to sell assured return product to Sebi official
Man Industries settles forensic audit disclosure lapses case with Sebi
Man Industries (India) Ltd on Monday settled with capital markets regulator Sebi a case concerning alleged delayed and inadequate disclosure regarding the initiation of a forensic audit. The matter was settled after the company paid Rs 8.79 lakh towards the settlement amount, according to an order passed by the Securities and Exchange Board… Continue reading Man Industries settles forensic audit disclosure lapses case with Sebi
Sebi slaps fine on two former DHFL promoters for flouting disclosure norms
Capital markets regulator Sebi on Monday slapped fines totalling Rs 20 lakh on two former promoters of Dewan Housing Finance Corp Ltd (DHFL) for flouting disclosure norms. Individually, the regulator levied a penalty of Rs 10 lakh each on Kapil Wadhawan and Dheeraj Wadhawan, who were promoters of DHFL (now known as Piramal… Continue reading Sebi slaps fine on two former DHFL promoters for flouting disclosure norms
Sebi asks MIIs to develop common Online Dispute Resolution Portal
Capital markets regulator Sebi on Monday asked market infrastructure institutions (MIIs) to set up and operate a common Online Dispute Resolution Portal (ODR Portal). The portal will harnesses online conciliation and online arbitration for resolution of disputes arising in the Indian securities markets. The MIIs– stock exchanges, depositories and clearing corporations– will… Continue reading Sebi asks MIIs to develop common Online Dispute Resolution Portal
Market regulator Sebi looks to ease burden of compliance for India Inc
The Securities and Exchange Board of India (Sebi) has planned a series of steps to ease the regulatory and compliance burden for India Inc. The move comes amid concerns raised by some industry players that recent regulatory changes implemented by the capital markets watchdog are against the stated objective of the ease of doing… Continue reading Market regulator Sebi looks to ease burden of compliance for India Inc