Sebi to ease buyback norms for companies with housing finance, NBFC arms
Posted on 19th August 2019 |
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Capital markets regulator Sebi is planning to ease its norms for buyback of shares by listed companies, especially those having subsidiaries in housing finance and NBFC sectors. According to top officials, a proposal in this regard is expected to be discussed by Sebi’s board at its meeting this week. The repurchase of shares by listed companies is governed by the Buyback Regulations of the Securities and Exchange Board of India (Sebi) as well as by the Companies Act. |
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Sebi imposes restrictions on mutual fund investments in short-term bank deposits
Posted on 17th August 2019 |
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NEW DELHI: Mutual fund houses should ensure that banks -- where a scheme has parked funds in the lender's short-term deposits -- do not invest in that particular scheme, according to Sebi. The markets watchdog has issued a clarification regarding 'parking of funds in short-term deposits of scheduled commercial banks by mutual funds -- pending deployment'. |
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IndiGo: Failure to amend AoA could invite Sebi scrutiny
Posted on 9th August 2019 |
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IndiGo co-promoter Rakesh Gangwal has fired another salvo at board chairman M Damodaran, asking him not to move the goal posts on his demand for a re-look at the board structure. He warned that failure to amend articles of association (AoA) could invite scrutiny from the Securities and Exchange Board of India (Sebi). |
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Sebi asks mutual funds to shift all investments to listed securities
Posted on 8th August 2019 |
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With an aim to safeguard mutual fund investors from high-risk assets, regulator Sebi wants fund houses to shift all their investments to listed or to-be-listed equity and debt securities in a phased manner and reduce their exposure to unrated debt instruments from 25 per cent to only 5 per cent. |
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Sebi scans IndiGo’s investor agreement for violation of rights
Posted on 5th August 2019 |
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Markets regulator Securities and Exchange Board of India (Sebi) is scanning InterGlobe Aviation Ltd’s shareholders’ agreement (SHA) to check for any violation of the rights of minority investors and individual shareholders, a person with direct knowledge of the matter said. |
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SEBI proposes landmark changes to PMS regulations, some loopholes remain
Posted on 3rd August 2019 |
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Mumbai: A SEBI working group has proposed a host of changes to make Portfolio Management Services (PMS) in India, more transparent and investor friendly. Key changes include increasing the minimum investment in PMS from ₹25 lakh to ₹50 lakh, standardizing reporting requirement and moving distributors from upfront to trail model. |
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Illiquid stock options: Sebi imposes Rs 17 lakh fine on 2 entities for fraudulent trade
Posted on 31st July 2019 |
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Markets regulator Sebi Tuesday imposed a total fine of Rs 17 lakh on two entities for executing fraudulent trades in the illiquid stock options segment on the BSE. The two entities, Dippy Investments Pvt Ltd, Dhan Stock and Share Brokers Pvt Ltd were fined Rs 12 lakh and Rs 5 lakh, respectively as per Sebi’s separate orders. |
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Sebi eases rules for new exchanges to provide incentives under LES
Posted on 27th July 2019 |
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Markets watchdog Sebi on Friday eased the conditions for exchanges to provide incentives under liquidity enhancement schemes (LES) in the first five years of operation. Under the scheme, brokers and other market intermediaries are given incentives for a specified period of time to bring in liquidity and generate investor interest in securities, which have limited trading activity. |
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Sebi directs Hotel Leela to share details of asset sale deal
Posted on 24th July 2019 |
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Mumbai: Securities market regulator Sebi on Tuesday directed Hotel Leela Venture (HLVL) to provide information via "additional disclosures in the postal ballot notice" of the asset sale transaction with Brookfield. |
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Sebi clarifies on process for reporting code violations
Posted on 23rd July 2019 |
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Markets regulator Sebi has announced uniformity in reporting of violations related to Code of Conduct under Sebi (Prohibition of Insider Trading) Regulations, 2015. Market regulator stated that it has been receiving various references from listed companies regarding the violations related to the code of conduct. |
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