Page 13 - Sebi

Mkt regulator Sebi approves appointment of Vijay Chandok as new NSDL head

Chandok currently serves as the MD & CEO of ICICI Securities, the broking and investment banking arm of ICICI Bank

After PAC, Parliament's finance panel set to review Sebi's functioning

The Public Accounts Committee (PAC) is already slated to undertake such a review at its next meeting on October 24

CRISIL expects 25% hit on discount brokers' PBT over regulatory changes

The market regulator's mandate on uniform transaction charges or true-to-label norms, exchanges have removed the rebate benefit available to discount brokers in the previous slab-wise rates

Indian regulators have done world-class job, increased transparency: FM

Underlining that she is not against questioning or critiquing regulators, Sitharaman said there is a need to be "extremely conscious" about contributions made by them as well

NSDL gets Sebi nod for IPO over a year after filing offer document

At present, NSE holds a 24 per cent share in NSDL, while IDBI is the largest shareholder with a 26 per cent stake

Sebi directs market infra institutions to establish data-sharing policies

Markets regulator Sebi on Tuesday proposed that stock exchanges and other market infrastructure institutions frame their own policy for sharing data for the purpose of research to promote data democratisation, data privacy and data accountability. However, data shared with vendors for commercial purposes will not fall under this policy, Sebi suggested in its consultation paper. The markets regulator has a data sharing policy to share anonymised data that are not publicly available. However, since Sebi is not the originator of most of the market data, the scope of sharing data under the extant data sharing policy of Sebi was deliberated by its Market Data Advisory Committee (MDAC). The committee suggested that in order to achieve the balance between data privacy vis-a-vis providing access to data, organizations, which are the actual source of data, will need to have a policy on data collection, processing, storage, dissemination and sharing. Accordingly, the regulator, in its ...

Sebi extends timeline for social enterprises to submit annual disclosures

Markets regulator Sebi on Monday extended the timeline to January 2025 for social enterprises, which have registered or mobilised funds through social stock exchange, to submit annual disclosures and 'annual impact report' for the financial year 2023-24. Social enterprises were required to make annual disclosures and submit 'annual impact report' to the Social Stock Exchange (SSE) by October 31, 2024. "The outer timeline for annual disclosures under Regulation 91C(1) and annual impact report under Regulation 91E(1) of LODR (Listing Obligations and Disclosure Requirements) Regulations by Social Enterprises on Social Stock Exchange, for FY 2023-24 has been extended up to January 31, 2025," Sebi said in a circular. The annual report involves details of general, governance and finance aspects and annual impact report to SSE captures the qualitative and quantitative aspects of the social impact generated by the social enterprise. In case a Not-for-Profit Organisation is only registered

SAT stays Sebi order barring Omaxe, others from securities market for 2 yrs

The Securities Appellate Tribunal (SAT) has stayed a Sebi order that barred realty firm Omaxe, its Chairman Rohtas Goel, Managing Director Mohit Goel and others from the securities market for two years for misrepresentation in the company's financial statements. The latest order came after Omaxe and others challenged the order passed by the Securities and Exchange Board of India (Sebi) on July 30. In its ruling on October 1, the appellate tribunal said, "direction at paragraphs No. 41(1) and (2) shall remain stayed, subject to deposit of penalty amount by the appellant within four weeks". Paragraphs No 41(1) and (2) pertain to securities market ban and prohibition from holding any position as key managerial personnel of any other listed company imposed on individuals by Sebi. Sebi, in its ruling, restrained Omaxe, Rohtas Goel, Mohit Goel and three others -- Sudhangshu S Biswal, Arun Kumar Pandey, and Vimal Gupta -- from the securities markets for two years. Additionally, these fiv

Suraksha Diagnostic gets Sebi's go ahead to raise funds through IPO

Integrated diagnostic chain Suraksha Diagnostic Ltd has received Sebi's go ahead to raise funds through an initial public offering (IPO), an update with the markets regulator showed on Monday. The Kolkata-headquartered company's proposed IPO consists of an Offer-for-Sale (OFS) of up to 1.92 crore equity shares by promoters and investor shareholders, with no fresh issue component, according to the Draft Red Herring Prospectus (DRHP). Under the OFS, promoters -- Somnath Chatterjee, Ritu Mittal, Satish Kumar Verma and investors -- OrbiMed Asia II Mauritius Ltd, Munna Lal Kejriwal and Santosh Kumar Kejriwal will offload shares. The company, which had filed preliminary IPO papers in July, obtained the regulator's observation on September 30, the update showed. In Sebi's parlance, obtaining its observations means the regulator's go ahead to float the public issue. As per the draft papers, the company will not receive any proceeds and all the funds will go to the selling shareholders as

Highlights: Protesting junior doctors say will fast unto death over Bengal govt's apathy

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Parl panel calls Sebi chief Buch on Oct 24 amid Adani-Hindenburg row

The Public Accounts Committee (PAC) of Parliament has decided to review the functioning of top regulatory authorities in the country and has called heads of SEBI and TRAI for deposition on October 24. Top officials of the Ministry of Finance, (Department of Economic Affairs) and Ministry of Communications have also been asked to appear before the key parliamentary panel, with sources saying representatives of the Securities and Exchange Board of India (SEBI) chairperson Badhabi Puri Buch and Telecom Regulatory Authority of India (TRAI) chairperson Anil Kumar Lahoti are likely to appear before the panel. Sources said the unstated convention in parliamentary practice is that chiefs of institutions have to attend parliamentary panel briefings whenever summoned. The meeting of the key parliamentary panel comes amid a major row over allegations made by US research body Hindenburg against SEBI chairperson Madhabi Puri Much and her husband Dhaval Buch over her alleged links with the Adani

Sebi proposes measures to boost retail participation in G-Sec market

Stock brokers may be allowed in the RBI-operated NDS-OM system for government securities

Sebi grants approval to Jio Financial, BlackRock for setting up MF business

The companies signed a second joint venture in April to set up a wealth management and broking business in the country

NSE pays $76.5 million to settle algorithmic trading software case

The settlement clears a hurdle in the initial public listing of the country's largest stock exchange, for which it had first applied in 2016

Sebi extends exemption from sending hard copies of reports to shareholders

Sebi on Friday extended the relaxation given to listed companies from sending physical copies of financial statements to shareholders for annual general meetings (AGMs) by one more year till September 30, 2025. The relaxation was valid till September 2024. The fresh decision comes after Ministry of Corporate Affairs (MCA) through a circular on September 19, 2024, extended the relaxation from sending physical copies of financial statements (including board's report, auditor's report or other documents) to shareholders, for AGMs conducted till September 30, 2025. Also, the Securities and Exchange Board of India (Sebi) had received representations to extend the relaxation. Against this backdrop, the markets watchdog has decided to provide relaxation till September 30, 2025, from LODR (Listing Obligations and Disclosure Requirements) Regulations, pertaining to dispatching of hard copies to shareholders. The LODR rules require listed companies to dispatch a hard copy of the statement .

Broking stocks end mixed after Sebi's new F&O framework tightening

Shares of other listed brokerages fell as investors digested the impact of the stricter trading rules

Sebi reduces trading lot size of privately placed InvITs to Rs 25 lakh

Markets regulator Sebi has drastically reduced the trading lot size of privately placed infrastructure investment trusts (InvITs) to Rs 25 lakh in a bid to boost investors' participation and increase liquidity of such investment vehicles. The current trading lot for secondary market trading for privately placed InvITs is set at Rs 1 crore. Further, if the InvIT invests at least 80 per cent of its asset value in completed and revenue-generating assets, then the trading lot is Rs 2 crore. "Trading lot for the purpose of trading of units on the designated stock exchange shall be Rs 25 lakh," Sebi said in its notification dated September 26. The move came into effect the same day. The move will help increase the liquidity of privately placed InvIT units by permitting a broader base of investors to participate in the market and boost diversification of investment portfolios. In separate notifications, Sebi has amended its rules on infrastructure investment trusts (InvITs) and real estat

BSE to keep weekly options tied to Sensex despite new derivative rules

The new rules followed a spurt in retail investors trading options, which the regulator and the government viewed as a risk to household finances

Brokers to offer UPI-based trading or 3-in-1 account to investors by Feb 1

A three-in-one trading account combines a savings account, a demat account, and a trading account into a single integrated solution.

Stock Market Today: Iran-Israel war, Sebi F&O rules, KRN Heat IPO listing

GIFT Nifty signals a gap-down opening for benchmark indices Sensex and Nifty50 on Thursday, hinting a weak start for the markets.