Page 3 - Sebi

New SIP rule: SEBI mandates MF companies to process cancellations in 2 days

This revised timelines for cancellation of SIPs has come into effect from December 1, 2024

Go with regulated entity: Listed bonds subject to ratings, oversight

Unlisted securities, issued by smaller companies, often promise high interest rates of 15-18 per cent to attract investors

What extending T+0 settlement to 500 stocks may mean for market liquidity

According to the Sebi circular, the T+0 cycle will be available on an optional basis for the top 500 companies by market capitalisation from January 31, 2025

Sebi for using DigiLocker to reduce unclaimed assets in securities market

In case of a user's death, DigiLocker will update the account status based on death registration data from the Registrar General of India, or information from the KRA system, the regulator proposed

Investment bank DAM Capital Advisors gets Sebi's nod to launch IPO

Investment bank DAM Capital Advisors has received Sebi's go ahead to float an initial public offering (IPO), an update with the markets regulator showed on Tuesday. The proposed IPO is solely an offer-for-sale (OFS) of 3.2 crore equity shares, with no fresh issue component, according to the draft red herring prospectus (DRHP). Those selling shares in the OFS are promoter Dharmesh Anil Mehta, investors Multiples Alternate Asset Management, RBL Bank, Easyaccess Financial Services and Narotam Satyanarayan Sekhsaria. Since the entire issue is an OFS, all the proceeds from the IPO will go directly to the selling shareholder, rather than the company. DAM Capital Advisors, which filed preliminary papers with Sebi in September, obtained the regulator's observations on December 4, the update showed. In Sebi's parlance, obtaining the observations means its go ahead to launch the public issue. In its draft papers, the company stated that it plans to go public in a bid to achieve the benefit

Sebi aims to ease the process on unclaimed assets through DigiLocker

This move is expected to simplify the process of claiming unclaimed assets and provide greater convenience to investors and their nominees

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

Sebi revises guidelines for real-time performance monitoring of MIIs

Markets regulator Sebi on Tuesday came out with new guidelines for stock exchanges, clearing corporations and depositories to ensure robust capacity planning and real-time performance monitoring of their critical IT systems. Under the guidelines, market infrastructure institutions (MIIs) have been directed to develop future-ready frameworks to estimate capacity needs based on trends, historical data, transaction growth, and business changes, according to a Sebi circular. Also, they have been asked to submit methodology details to Sebi within three months after approval from the Standing Committee on Technology (SCOT) and the Governing Board. MIIs have been asked to ensure adequate system capacity in place to handle high volumes to ensure high level of service availability. The installed capacity should be at least 1.5 times of the projected peak load. The projected peak load should be based on trends from the past 180 days and other relevant factors. They have been asked to conduc

Sebi permits ICEX to exit bourse business after recognition withdrawn

Markets regulator Sebi on Tuesday allowed the Indian Commodity Exchange (ICEX) to exit the exchange space after its recognition was withdrawn over two years ago. The move comes after the exchange fulfilled regulatory requirements. Additionally, the regulator has directed ICEX to comply with its tax obligations under the Income Tax Act, 1961; change its name and not to use the expression "stock exchange" and maintain database of all transactions on its platform for the previous years among others. In an exit order, Sebi said it has reviewed ICEX's valuation report, compliance submissions and undertakings. The bourses declared all known liabilities and assured Sebi it had no undisclosed third-party liabilities. The exchange also undertook full responsibility for any future financial claims that may arise. Accordingly, the Securities and Exchange Board of India (Sebi) has permitted "the exit of the ICEX as a stock exchange and thus the consequent withdrawal of recognition granted to

Markets Today: Wall St. in red, FIIs, Property Share listing, Gold & Oil up

At 6:35 AM, GIFT Nifty futures were trading 50 points higher at 24,753 levels, hinting at an upbeat start

Cracking the whip: Why Sebi is tightening rules for public issues of SMEs

SME IPO is a red-hot market segment. Many of these floats routinely see 100-time subscription and massive gains upon listing

Sebi warns against unauthorised platforms for unlisted securities

Sebi highlighted that these platforms operate in violation of the Securities Contracts (Regulation) Act, 1956, and the Sebi Act, 1992, which are designed to protect investors' interests

Street Signs: Nifty racing past resistance, BSE's high-wire act, more

Shares of BSE have surged more than 20 per cent in less than two weeks, defying concerns surrounding the Securities and Exchange Board of India's (Sebi's) new futures and options

FPI lobby opposes Sebi's proposed norms for regulating AI and ML

Asifma seeks shared responsibility for AI-related breaches

Sebi revamps investor charter to boost transparency, grievance redressal

Capital markets regulator Sebi on Friday unveiled an updated investor charter aimed to enhance investor protection, market transparency, and trust and confidence among investors. The updated charter has emphasised on ensuring confidentiality of investor information and providing the right to exit at fair and reasonable terms from the securities market related products or services. "Further, Sebi has strengthened the grievance redressal mechanism and alternative dispute resolution mechanism with the launch of SCORES 2.0 and SMART Online Dispute Resolution," the regulator said in a statement. In SCORES 2.0, investor complaints are taken up directly with Sebi registered intermediaries/regulated entities and the designated bodies for first level review, with the markets watchdog taking up all complaints at the stage of Second Level Review. SMART ODR portal facilitates online conciliation and online arbitration for resolution of disputes arising in the Indian securities market. The ...

Overbearing secondary market: Time for business channels to refocus

For the public good, business channels must broaden their focus and look beyond stock market trading

Sebi proposes converting ITM options into futures one day before expiry

Proposed framework on the lines of one followed in the commodity market

Sebi mulls new framework to help passive funds reduce tracking error

Separate call auction session proposed to mitigate final hour volatility

Star Agriwarehousing files IPO papers with Sebi, aims to raise Rs 450 cr

Star Agriwarehousing and Collateral Management Ltd, a tech-driven agricultural services firm, has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO). The proposed IPO comprises a fresh issue of equity shares aggregating up to Rs 450 crore and an Offer-For-Sale (OFS) component of 2.69 crore equity shares by promoters and an investor, according to the draft red herring prospectus (DRHP) filed on Wednesday. As part of the OFS, Claymore Investments (Mauritius) Pte, an indirect subsidiary of Temasek Holdings, is offering 1.19 crore equity shares through the OFS and the remaining 1.5 crore shares will be offloaded by promoters. At present, Claymore holds 11.83 per cent stake in Star Agriwarehousing and Collateral Management and promoters own 88.17 per cent stake in the company. The company may consider raising Rs 90 crore through a pre-IPO placement. If this placement happens, the fresh issue size will be reduced. The ...

Sebi issues rules for uniform nomination standards in securities markets

Markets regulator Sebi has notified rules on nomination allowing nominees to act on behalf of incapacitated investors. Additionally, it notified the rule mandating every participant to provide beneficial owners with the option to nominate a person to whom their securities will transfer upon their death. "Every participant shall provide an option to the beneficial owner to nominate, in the manner as may be specified, a person who shall be authorised to conduct transactions on behalf of the beneficial owner in the event of the incapacitation of the beneficial owner," Sebi said in a notification. The new rules are aimed at enhancing investor convenience and introducing uniform standards for nomination facilities across the Indian securities market. In the case of joint ownership, the owners can collectively nominate a person to receive the securities in the event of death of all the joint beneficial owners. Further, the depository and participant will not be held liable for any actio