This comes after ITC Ltd. moved the tribunal against the market regulator's order rejecting its contention that the sale should not be allowed because of related-party transactions.
Sebi said listed entities will be liable for punitive action in case of furnishing any false information.
The probe revealed that ICICI Bank failed to disclose the information regarding signing of the binding agreement to the stock exchanges in a timely manner.
Schemes with securities of troubled NBFC have to mark down value of holdings.
NCCL was granted recognition to act as a clearing corporation for a period of one year.
RIL has got debt-ridden Alok Industries in its fold after the Ahmedabad bench of National Company Law Tribunal (NCLT) approved its Rs 5,050-crore resolution plan earlier this year in March.
Equitas Holding is already listed and it has 100% shares of the small finance bank.
The order follows an investigation conducted by Sebi between December 2014 and January 2016.
UTI MF and Reliance Nippon AMC segregated co’s papers to protect NAVs of debt schemes.
Any sign of renewed strength in the economy should spell opportunity for investors to invest.
The two shareholders had sent a similar letter to the stock exchanges last month as well.
The regulator said it plans to provide relevant links to the recommendations of registered proxy advisors to retail investors
The Securities and Appellate Tribunal (SAT) on Monday quashed an earlier order of Securities and Exchange Board of India (SEBI) to ban Price Waterhouse, an affiliate firm of PwC India, from auditing listed companies for two years due to its role in Satyam fraud about a decade back.Satyam scam: SAT quashes Sebi order of banning PwC for two years from auditing
Sebi's board in March this year approved a proposal to allow mutual funds and portfolio managers to trade in this segment.
SAT ruling went on to add that Sebi in fact has no jurisdiction banning any audit firm.
The quantifiable parameters to first look at are risk tolerance of the person and the number of years to retirement.
Power Grid said it has bagged an inter-state power transmission project under a tariff-based competitive bidding.
Yes Bank, along with its compliance officer, has paid a total amount of Rs 66 lakh towards settlement charges.
MNC stocks getting a premium due to their clean balance sheet and high level of transparency.
Thursday’s offer was for non-retail investors, while both retail and non-retail investors will be allowed to bid on Friday.
Sun Pharma shares slip 4% after Sebi orders probe, close low at 415.90 on BSE.
In some cases, Sebi has resorted to further legal proceedings, depending on the gravity of the violation.
Panel has representatives from Sebi, RBI, and finance and corporate affairs ministries.
Shares of Sun Pharma closed at Rs 431, up 1.30 per cent on the BSE on Thursday.
The SBI study found that there are divergences on PD across rating firms.
Gangwal has complained to Sebi against certain statements made by the chairman and CEO of the airline company Rahul Bhatia.
Bajaj Energy's IPO comprises fresh issuance of shares worth Rs 5,150 crore and an OFS of Rs 300 crore.
The move could dim the popularity of products such as liquid schemes.
The watchdog had withdrawn the minimum residual maturity restriction of three years for investment in government securities and state development loans.
The tribunal let off the lender on censure for the violations, according to an SAT order.
Yes Bank had reported 'Nil' divergences in its assets classification and provisioning from RBI norms.
It has now been over a year since the scheme re-categorisation exercise was carried out by mutual funds.
CARE Ratings has asked its managing director and CEO Rajesh Mokashi to go on leave.
Most of the G-sec issuances are concentrated in only a few maturity buckets, Tyagi said.
The watchdog has been taking strict action against erring entities.
EHL had also approached Sebi with a reverse merger proposal but the regulator turned down the request.
Equitas Holdings had approached the regulator with a reverse merger proposal.
Cash-strapped CG Power has failed to raise working capital loans as banks are reluctant to lend.
The regulator said the signing of ICA must be in the interest of investors and AMCs should take approval from their board and trustees.
Sebi had challenged the NCLT order of September 20, 2018, approving the resolution plan of Abu Dhabi-based BRS Ventures Investments for Assam Company.
Sebi said an aggregate amount of Rs 15,438 crore has been recovered so far from Sahara.
Debt MFs have come under fire for investing beyond their capacity and not following the best risk practices.
Dewan Housing Finance Corp’s lenders plan to infuse more funds to ensure SMA-2 loans don’t turn into NPAs.
It took Sebi around eight months to investigate the whistle blower complaint.
NSE has been directed to initiate enquiry against these two employees and submit a report to Sebi within six months from the date of the order.
The provisions of the June circular were to be applicable from September 1.
This helped promoters reduce their stake to 75 per cent from 84 per cent.
Essel Group raised Rs 4,200 crore by selling 11% in Zee Entertainment to global fund Invesco Oppenheimer.
Add Sun Pharmaceutical Industries Ltd. at a price target of Rs 460.0 .
Sebi noted that the firm had issued 4.5 million GDR amounting to approximately Rs 96 crore on September 3, 2010.
According to Sebi norms, mid cap mutual funds must invest at least 65% of their corpus in mid-sized or mid cap companies.
The scrip declined 1.63 per cent to close at Rs 424.90 on the BSE.
According to market sources, the IPO would be worth about Rs 500-600 crore.
The government has decided to institute certain measures to improve corporate governance in banks.
The contract takes price cues from WTI crude oil futures contract offered on Nymex.
Sebi said it has also decided to give flexibility to MFs to invest in unlisted NCDs up to a maximum of 10% of the debt portfolio of the scheme.
The overall growth for the bank will be in the 20-25% range.
PMSes cater to wealthy investors with portfolio sizes exceeding Rs 25 lakh.
Gill said the stake sale was likely to be less than 10% initially but could rise.
NTPC has been allocated Badam coal block in Jharkhand by Ministry of Coal.
Sebi also considering allowing trading of new products like dollar-rupee derivatives in India’s first IFSC.
“Disgorgement without restitution does not serve any purpose,” it said, while delivering a judgement in the matter of Vital Communications earlier this month.
If government or Sebi is to indeed push for a 35% public float, it must first do three things.
"India also must figure on the map of the global financial centres network," Tyagi said.
The exchanges would issue notice to the non-compliant listed entity to pay fine within 15 days from the date of the notice.
According to Sebi, small cap mutual fund schemes must invest at least 65% of their corpus in small companies.
Large cap mutual fund schemes have a mandate to invest at least 80% of the corpus in top 100 companies by market capitalisation.
The company would need to have a profitablity/ networth track record of three years or at least 75% of its shareholding should be with QIPs.
The repurchase of shares by listed companies is governed by the Buyback Regulations of the Sebi as well as the Companies Act.
The lapses include advances to related and unrelated parties as well as liabilities of the company and the group potentially being understated by hundreds of crores of rupees.
Sebi on Wednesday approved several recommendations made by the HR Khan Committee to simplify and rationalise the existing regulatory framework for foreign portfolio investors (FPIs) by easing operational constraints and compliance requirements. SEBI approves recommendations by HR Khan committe on FPI regulations
Whistle blowers in a company fraud will be rewarded 10% of the recovery, or a maximum of Rs 1 cr.
Sebi decided that the FPIs will be re-categorised into 2 categories instead of 3 currently.
Sebi, at a meeting scheduled today in Mumbai, is likely to take up issues relating to mutual funds, startup listing platform and buybacks.
RBI has taken action against Equitas Small Finance Bank for failing to meet deadline for getting shares listed.
A proposal for the same is to be discussed by Sebi's board at its meeting this week.
There was also an abrupt downgrade in the ratings of bonds sold by IL&FS.
ICICI Securities has maintained buy rating on RBL Bank and reduced target price to Rs 536 from Rs 725.
Snapchat’s IPO in 2017 drew the attention of startups to DVR structures.
Ajay Tyagi said corporate bond market can play an important role in pushing economic growth given the handicaps in the banking system.
The board meeting held on Thursday followed the finance ministry asking the three banks to consider the proposal of amalgamation, PNB said in a regulatory filing.
Atul Saraogi is son-in-law of Vimala Devi Kalantri, according to Sebi's order.
Bankers estimate that DHFL raised about Rs 7,000-8,000 crore from retail investors.
“If on its own it goes to a higher level, that is always welcome,” Ajay Tyagi said.
Sebi (Alternative Investment Fund) Regulations pertain to provisions for domestic AIFs.
The NCLT has approved JSW Steel’s Rs 19,700 crore bid for debt-ridden steelmaker Bhushan Power and Steel.
SEBI had announced a new framework for DVR issuances after a board meeting on June 27.
Sebi board on Wednesday may also take up issues relating to MFs & startup listing platform.
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The details are required to be furnished in addition to the already mandated disclosures on encumbrance of shares, invocation of encumbrance and release of the same.
Exchange will have the right to accept, reject or modify any recommendations made to it by the PAC
Hong Kong-based ASIFMA said that they welcome the recent decision to withdraw the increased surcharge rates applicable on non-corporate FPIs.
Government nominees on the panel are keen to ensure the proposal is implemented.
"When I set up exchanges and launched different products, I was creating and innovating for a very elite class in financial markets.Today, I want to create something for the masses," Shah told in an interview.
The proposed norms would be presented for Sebi's board approval at a meeting scheduled later this month.
Hold Sun Pharmaceutical Industries Ltd. at a price target of Rs 400.0 .
Axis Bank was alleged to have falsely reported that corrective steps had been taken since previous inspection.
In June, Sebi tightened the rules for usage of client securities and funds by brokerages.
The capital markets regulator also said another means of such diversion was extension of loans.
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