Claim Settlement

Sebi widens scope of T+0 settlement to top 500 stocks from Jan 31

Sebi announced a block deal window from 8:45 am to 9:00 am for the T+0 settlement cycle, in addition to the existing block deal windows for the T+1 settlement

Reliance Infra settles Rs 235 cr debt with Edelweiss and Rs 600 cr with LIC

Reliance Infrastructure has brought down its external debt liability to Rs 475 crore. The company's net worth now stands at approximately Rs 9,041 crore

Paytm seeks Sebi settlement over potential ESOP issuance norms violation

Regulator had slapped show-cause notice for potential violation of allotment norms

CCI draft regulations: Company commitments to be closely watched

The monitoring agencies may include an accounting firm, management consultancy, any other professional organisation or chartered accountants, company secretaries or cost accountants

Market regulator Sebi issues guidelines on settlement penalties

Under the norms, entities can settle a matter by paying an amount, usually decided by a committee of Sebi

EPFO introduces auto claim settlement for education, marriage, housing

Auto mode of claim settlement was introduced in April, 2020 for the purpose of advance for illness

Invesco agrees to pay Rs 5 cr to Sebi for settlement in MF violation case

In an inspection conducted in 2021, the market regulator found that there was no clear segregation of activities between portfolio management activities and mutual fund activities of the firm

Sebi plans to implement optional same-day settlement from March 28

Sebi chief says instantaneous settlement needed to tackle emerging competition from crypto world

RBI announces draft norms for setting up SROs, proposes to audit its books

The omnibus SRO framework prescribes the broad objectives, functions, eligibility criteria, and governance standards, which will be common for all SROs, irrespective of the sector

Ready to introduce same-day settlement of trades by March 2024: Sebi chief

Sebi chief Madhabi Puri Buch on Friday said the capital markets regulator is ready to introduce same-day settlement of trades on the stock exchanges by March 2024. Speaking at the Global Economic Policy Forum 2023 organised by the Confederation of Indian Industry (CII), Buch said, "We are ready to introduce T+0 (T plus zero) settlement trade by the end of the current fiscal". The regulator, which has already reduced the settlement timelines to as short as one day after the transaction, is now looking to shorten the same further. The Sebi chief talked about the T+1 regime that has been implemented in the market. Earlier this year, the country's stock markets transitioned from T+2 to T+1 settlement, settling trades on the following business day. "It takes two things to make this happen. First is technology and second is co-creation. We are now moving to T+0 which will happen before the end of this financial year and one year from there we will have instantaneous settlement, which is

Uber and Lyft to pay $328 million in New York wage theft settlement

Ride-hailing companies Uber and Lyft will pay a combined USD 328 million to settle wage theft claims in New York, Attorney General Letitia James announced on Thursday. James said the settlements resolve investigations into the companies improperly charging drivers sales taxes and other fees when the costs should have been paid by customers. Uber will pay USD 290 million and Lyft will pay USD 38 million. The money will be distributed to current and former drivers, she said. The companies have also agreed to provide drivers outside of New York City with paid sick leave and give drivers outside of New York City a minimum wage of USD 26 per hour. Rideshare drivers work at all hours of the day and night to take people wherever they need to go, James said in a statement. For years, Uber and Lyft systemically cheated their drivers out of hundreds of millions of dollars in pay and benefits while they worked long hours in challenging conditions. Tony West, chief legal officer for Uber, said

Sebi's instant trade settlement plan faces foreign investor pushback

The concerns were raised in a meeting earlier this month, the people told Reuters, and have not been previously reported

Valiant Organics settles case with market regulator Sebi, pays Rs 10 lakh

Valiant Organics Ltd settled with capital markets regulator Sebi a case concerning flouting of alleged disclosure rules by paying Rs 10 lakh as the settlement amount. This came after the company filed a settlement application with Sebi proposing to settle the enforcement proceedings that may be initiated against it for the alleged lapse of non-compliance of Listing Obligations and Disclosure Requirements (LODR) Regulations by "neither admitting nor denying" any finding. "It is hereby ordered that the proceedings that may be initiated for the violations... are settled qua the applicant (Valiant Organics)," Sebi said in a settlement order passed on Monday. In its order, Sebi noted that Amarjyot Chemical Ltd (ACL) merged with Valiant Organics by absorption, which was sanctioned by the Mumbai Bench of the National Company Law Tribunal in March 2019. Following this, Valiant Organics allotted 72 fully paid equity shares of Rs 10 each and 21 Optionally Convertible Preference Shares (OCPS)

The family and the feud: Trouble brews in the Raunaq Singh family

Sachit Kanwar moves court against father Surinder over settlement

Sebi settles case of alleged unfair trade practices with individual

Markets regulator Sebi has settled a case with an individual on payment of nearly Rs 46 lakh as settlement amount in relation to alleged violation of certain norms related to prohibition of unfair trade practices. Sebi had received a complaint from Finsec Law Advisors alleging that Pawan N Agarwal and two others had violated certain provisions of PFUTP (Prohibition of Fraudulent and Unfair Trade Practices) regulations with respect to trades of its client Aequitas. Aequitas is a Mumbai-based boutique investment firm. "Pursuant to the investigation, it was observed that Pawan N Agarwal... had mirrored certain trades of Aequitas and thereby violated the provisions... PFUTP Regulations," the watchdog said while modifying a recent order through a corrigendum. Earlier, it was alleged that the individual had violated provisions of PFUTP by engaging in front running/ mirror trading of trades. The individual paid Rs 45,99,600 as the settlement amount. Earlier, Sebi order had said the ...

Global health cover comes as a lifesaver for high-flyers: Experts

But examine countries covered and claim settlement mode

ICICI Lombard to settle claims of up to Rs 5 lakh by MSMEs within 10 days

This facility will empower MSMEs to manage unwarranted situations arising from any mishaps

Sun Pharma, Ranbaxy Inc sign pact with 2 plaintiff groups to settle claims

Sun Pharma said has disputed the claims of the plaintiffs and defended these matters vigorously

ICICI Lombard rolls out easy claim process for customers affected by Amphan

The insurer has plans to provide the customers with services in these challenging times wherein Covid-19 is already a significant issue and the cyclone has only made matters worse

From plans to claim settlement: Answers to your insurance-related queries

Ulip is a product which combines the benefits of investment and protection