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Page 2 - Sebi

Sebi resolves over 5,600 complaints through SCORES platform in Dec 2024

Capital markets regulator Sebi has disposed of 5,636 complaints in December last year through its complaint redressal system SCORES platform. According to Sebi data, the complaints pending as of November 30, 2024, stood at 5,826. During December, the regulator received 5,193 fresh complaints, bringing the total applications to 11,019. Of these, 5,383 complaints remained unresolved as of December 31, 2024, the regulator said in a public notice on Tuesday. The markets watchdog also highlighted that the average resolution time taken by entities to submit Action Taken Reports (ATRs) to investors in December was eight days. For complaints escalated to the first-level review, the average resolution time was five days, showcasing the efficacy of the updated system. Under the upgraded SCORES 2.0 framework, complaints are automatically forwarded to the concerned entity, which is given 21 days to submit an ATR to the investor. If dissatisfied, investors can opt for a first-level review wit

Sebi resolves over 5,600 complaints through SCORES platform in Dec 2024
Updated On : 15 Jan 2025 | 6:35 PM IST

Nuvama positive on NSE, BSE growth despite volume dip in F&O segment

Sebi's proposal on dilution of stake in clearing corporations to hit financials, says report

Nuvama positive on NSE, BSE growth despite volume dip in F&O segment
Updated On : 14 Jan 2025 | 11:04 PM IST

Sebi issues warning to J&K Bank for delayed disclosure of MD appointment

Capital markets regulator Sebi has issued an administrative warning letter to J&K Bank for regulatory non-compliance with regard to disclosure of appointment of its MD & CEO. The disclosure was made on December 25, 2024 at 4:53 PM with a delay of 1 hour 40 minutes beyond the stipulated timeline of 24 hours from the time for occurrence of the event (RBI's approval) i.e. December 24, 2024 at 3:14 PM, Sebi's letter posted by J&K Bank on stock exchanges on Tuesday said. "The event relating to appointment of MD & CEO is considered significant because of the surge in price as well as volume movement of the bank's scrip, traded on the platform of the stock exchanges, between the date of occurrence of the event i.e. December 24, 2024 and the next trading day i.e. December 26, 2024," the letter said. The bank had made a disclosure on December 25, 2024 (trading holiday) regarding appointment of Amitava Chatterjee as Managing Director and Chief Executive Officer for a period of ..

Sebi issues warning to J&K Bank for delayed disclosure of MD appointment
Updated On : 14 Jan 2025 | 9:06 PM IST

Sebi may mandate issuance of new securities in demat form after stock split

To encourage demat holding of securities, Sebi on Tuesday proposed mandating listed companies to issue securities only in demat form following stock split, consolidation of face value of shares, and merger or demerger. In case an investor does not have a demat account, the issuer companies will be required to open a separate demat account with a suitable ledger of ownership or suspense escrow account for dealing with such securities, Sebi proposed in its consultation paper. Dematerialisation of securities has several benefits, including reduction of frauds and forgery, elimination of loss and damage of securities, faster and more efficient transfers, improved transparency and regulatory oversight, mitigation of legal disputes, cost reduction of investors and companies, etc. Considering this, while Sebi is encouraging holding of securities in demat form by the investors, at present a few investors hold securities in physical form. Although it is legally permissible to hold securitie

Sebi may mandate issuance of new securities in demat form after stock split
Updated On : 14 Jan 2025 | 6:53 PM IST

Sebi's SIF move aims to deepen corporate bond market for investors, issuers

While SIFs are expected to focus on potential equity investments and related strategies, they could also draw investors with a higher risk appetite in debt or credit investments

Sebi's SIF move aims to deepen corporate bond market for investors, issuers
Updated On : 13 Jan 2025 | 12:00 AM IST

Street signs: Laxmi Dental GMP at 37%, market mood rides the seesaw

An official previously mentioned that the regulator has been engaging with multiple corporations to explore muni bonds

Street signs: Laxmi Dental GMP at 37%, market mood rides the seesaw
Updated On : 12 Jan 2025 | 10:20 PM IST

Sebi 'watchful' of manipulative practices, trades in index heavyweights

Whole-time member Ananth Narayan addressed concerns of 'pump & dump'

Sebi 'watchful' of manipulative practices, trades in index heavyweights
Updated On : 11 Jan 2025 | 5:39 PM IST

Ease of doing business: Sebi mulling new metrics to measure risk in F&O

New steps to ensure risks in both cash market and derivatives are comparable, curb any possible manipulation

Ease of doing business: Sebi mulling new metrics to measure risk in F&O
Updated On : 11 Jan 2025 | 3:29 PM IST

Registration process for FPIs investing only in G-Secs to get easier

Move will do away with need to furnish specific data sought earlier

Registration process for FPIs investing only in G-Secs to get easier
Updated On : 10 Jan 2025 | 11:55 PM IST

Sebi proposes increasing threshold for granular disclosures by FPIs

Market regulator plans to double the threshold to Rs 50,000 crore

Sebi proposes increasing threshold for granular disclosures by FPIs
Updated On : 10 Jan 2025 | 11:26 PM IST

Bombay Burmah Trading, Wadias settle matter with Sebi for Rs 2.1 crore

The settlement amount was recommended by a high-powered advisory committee and approved by a panel of whole-time members

Bombay Burmah Trading, Wadias settle matter with Sebi for Rs 2.1 crore
Updated On : 10 Jan 2025 | 10:59 PM IST

Reits, InvITs, municipal bonds hold potential for next decade: Sebi chief

Madhabi Puri Buch also stated that Rs 250 SIP will soon be launched

Reits, InvITs, municipal bonds hold potential for next decade: Sebi chief
Updated On : 10 Jan 2025 | 10:57 PM IST

Sebi revamps mutual fund, demat nomination to reduce unclaimed assets

The regulator has also issued detailed guidelines for nominees to act on behalf of incapacitated investors

Sebi revamps mutual fund, demat nomination to reduce unclaimed assets
Updated On : 10 Jan 2025 | 8:41 PM IST

Sebi outlines procedure for seeking waiver of interest on penalty payment

Markets regulator Sebi on Friday came out with a procedure for seeking a waiver or reduction of interest concerning recovery proceedings initiated by it for failure to pay penalty. Under this, Sebi said the applicant's requests for waiver/reduction is required to be submitted to the relevant recovery officer, with documentation supporting the fulfilment of three criteria from Section 220(2A) of the Income Tax Act, 1961. Section 220(2A) allows the waiver or reduction of this interest under specific conditions. The criteria include payment of such an amount causing genuine hardship to the applicant; default was due to circumstances beyond the applicant's control and the applicant has cooperated in any related inquiry. In its circular, Sebi said applications are allowed only if the notice of demand has already been served and the principal amount due is fully paid. The Sebi's recovery officer will forward the application to the competent authority, which will take a decision within 1

Sebi outlines procedure for seeking waiver of interest on penalty payment
Updated On : 10 Jan 2025 | 8:30 PM IST

Nusli Wadia, sons, others settle disclosure lapses case with Sebi

Bombay Burmah Trading Corporation, its promoters including Nusli Wadia, his sons Ness and Jehangir, and others on Friday settled a disclosure lapses case with markets regulator Sebi after paying Rs 2.12 crore towards settlement amount. In all, a total of 18 entities settled the case pertaining to flouting various provisions of securities market norms. The order came after the entities proposed to settle the violations "without admitting or denying the findings" by paying settlement amounts. "It is hereby ordered that any proceedings that may be initiated for the violations ... are settled in respect of the applicants," Sebi said in its settlement order. As per the order, the entities allegedly failed to make timely disclosures of shareholding changes and related party information; and failed to comply with accounting standards and regulations on related party disclosures as required under SAST (Substantial Acquisitions of Shares and Takeovers) norms and insider trading rules. Also

Nusli Wadia, sons, others settle disclosure lapses case with Sebi
Updated On : 10 Jan 2025 | 6:12 PM IST

Sebi renews recognition to AMC Repo Clearing for 1 yr to clear transactions

Markets regulator Sebi has renewed its recognition of AMC Repo Clearing Ltd as a clearing corporation for one year till January 16, 2026 for clearing and settling transactions in repo and reverse repo in debt securities. The regulator has granted renewal of recognition for one year starting January 17, 2025, according to a notification uploaded on Sebi's website on Friday. Under the rules, AMC Repo Clearing Ltd will not undertake any activity except that of clearing and settling of transactions in repo and reverse repo in the debt securities that are dealt with or traded on a recognised stock exchange. Earlier, the Securities and Exchange Board of India (Sebi) had granted recognition to such clearing corporations in January 2023. In October 2020, Sebi allowed setting up of a Limited Purpose Clearing Corporation (LPCC) for clearing and settlement of repo transactions in debt securities. Subsequently, in February 2021, the regulator issued guidelines wherein asset management compan

Sebi renews recognition to AMC Repo Clearing for 1 yr to clear transactions
Updated On : 10 Jan 2025 | 4:29 PM IST

Fund raising from capital markets to jump 21% to Rs 14.27 trn in FY25: Buch

Overall fundraising from capital markets, including through equity and debt instruments, is estimated to jump by nearly 21 per cent to Rs 14.27 lakh crore in FY25 from the Rs 11.8 lakh crore in FY24, Sebi chief Madhabi Puri Buch said on Friday. Buch said in the past nine months of the current fiscal, entities have mobilised Rs 3.3 lakh crore in equity and Rs 7.3 lakh crore from the debt markets, with the overall mop-up reaching Rs 10.7 lakh crore. "If we project for the next quarter (Q4), we will probably end somewhere like over Rs 14 lakh crore raised for the year in terms of capital, both equity and debt," Buch said addressing a NISM-organised conference here. A presentation made by Buch pegged the FY25 estimate at Rs 14.27 lakh crore. Buch said money raised by real estate investments trusts, infrastructure investment trusts and municipal bonds has a very small contribution to the overall capital raising at around Rs 10,000 crore in the first nine months of FY25, but added that s

Fund raising from capital markets to jump 21% to Rs 14.27 trn in FY25: Buch
Updated On : 10 Jan 2025 | 12:27 PM IST

Markets Today: TCS Q3; FIIs; Quadrant Future IPO allotment; US, UK bonds

Thursday's session had already painted a grim picture, with the Sensex plunging 528.28 points (0.68 per cent) to close at 77,620.21. The Nifty shed 162.45 points (0.69 per cent) to settle at 23,526.50

Markets Today: TCS Q3; FIIs; Quadrant Future IPO allotment; US, UK bonds
Updated On : 10 Jan 2025 | 7:15 AM IST

Fundraising via equity, debt hit all-time high in 2024: Prime Database

Ninety-one firms raised Rs 1.6 trillion through main board IPOs in 2024, more than three times Rs 49 436 crores through 57 IPOs in 2023

Fundraising via equity, debt hit all-time high in 2024: Prime Database
Updated On : 09 Jan 2025 | 11:09 PM IST

Broker claims 1,103 dependent children accounts; Sebi slaps Rs 9 lakh fine

Sebi had carried out a detailed and thematic inspection of the Stocking Services Limited with the theme 'Multiple UCCs mapped to common email ID or common mobile number'

Broker claims 1,103 dependent children accounts; Sebi slaps Rs 9 lakh fine
Updated On : 09 Jan 2025 | 11:46 AM IST