Page 5 - Sebi

Oceanic Foods pays Rs 12.22L to settle disclosure lapses case with Sebi

Oceanic Foods Ltd (OFL), a BSE-listed entity, is engaged in the business of production and sale of dehydrated spices and vegetables

Sebi relaxes prior order of ban on Axis Capital managing debt securities

Securities and Exchange Board of India, in an interim September order, had banned Axis Capital from acting as a banker for new debt issues, alleging violation of rules

Angel One gets nod for MF biz; Axis AMC settles matter with regulator

Axis Asset Management Company and Axis Mutual Fund Trustee have settled a matter with the Sebi by paying Rs 16.57 lakh

Axis AMC, Axis MF Trustee pay Rs 16.57 lakh to settle case with Sebi

Axis Asset Management Company (Axis AMC) and Axis Mutual Fund Trustee on Tuesday settled with markets regulator Sebi a case related to an alleged violation of mutual fund norms by paying Rs 16.57 lakh. Axis AMC is the investment manager of Axis Mutual Fund. The SCN was issued to Applicant 1 (Axis AMC) as it has incurred the excess expenses of the mutual fund scheme, thereby allegedly violating the Sebi rules, whereas Axis Mutual Fund Trustee (applicant 2) by not ensuring the compliance of Applicant 1 with the Mutual Fund regulations, Sebi said in the order. The order came after the applicants proposed to settle the instant proceedings initiated against them, without "admitting or denying the findings of facts and conclusions of law". The Securities and Exchange Board of India (Sebi) initiated adjudication proceedings against the Axis AMC for the alleged violation of Sebi rules and against the Axis Mutual Fund Trustee Ltd for the alleged violation of Mutual Funds rules. Thereafter,

Sebi introduces mark-to-market basis valuation for repo transactions by MFs

Markets regulator Sebi on Tuesday decided to introduce new valuation metrics for repurchase or repo transactions by mutual funds, whereby securities used in such transactions will be valued on a mark-to-market basis. The new valuation metrics are aimed at having uniformity in valuation methodology of all money market and debt instruments as well as at addressing the concerns of unintended regulatory arbitrage that may arise due to different valuation methodology adopted. The new framework will come into effect from January 1, 2025, the Securities and Exchange Board of India (Sebi) said in its circular. In its circular, Sebi said it has decided that the "valuation of repurchase (repo) transactions including TREPS with tenor of up to 30 days shall also be valued at mark to market basis". At present, repo transactions including tri-party repo (TREPS) with tenor of up to 30 days are valued on cost-plus accrual basis. Further, the valuation of all repo transactions, except for overnigh

Angel One's AMC arm gets Sebi's approval to launch mutual fund business

Fintech player Angel One on Tuesday said its subsidiary Angel One Asset Management Company has received markets regulator Sebi's approval to begin the mutual fund operations. With this approval, Angel One marks its foray into the asset management space, focusing exclusively on passive investment solutions. Reacting to the announcement, shares of Angel One rallied 4.07 per cent to settle at Rs 2,909.65 apiece on the BSE. "Pursuant to our application to sponsor a Mutual Fund, Sebi has granted a certificate of registration to Angel One Mutual Fund on November 25, 2024. Further, Angel One Asset Management Company Ltd, a wholly-owned subsidiary of Angel One Ltd, has also been accorded approval to act as an asset management company for Angel One Mutual Fund," the broking firm said in a stock exchange filing. Angel One Mutual Fund's passive investment products -- Index Funds and ETFs -- will be designed to offer clients a low-cost, transparent and accessible pathway to wealth creation. A

Upcoming IPO: Sebi clears Unimech Aerospace issue; Key notes from DRHP

As investors await further details from Unimech Aerospace, here are the key takeaways from the Draft Red Herring Prospectus (DRHP) that the company submitted to the market regulator, Sebi

Kalpataru, Unimech Aerospace get Sebi's nod to raise funds through IPOs

Real estate firm Kalpataru Ltd and Unimech Aerospace and Manufacturing Ltd have received Sebi's go-ahead to raise funds through initial public offerings (IPOs), an update with the markets regulator showed on Monday. Kalpataru and Unimech Aerospace are aiming to raise Rs 1,590 crore and Rs 500 crore, respectively, through their initial share sale offers. The two companies, which filed their preliminary papers with the markets regulator in August, obtained observations during November 21-22, the update showed. In Sebi's parlance, obtaining the observations means its go-ahead to launch the public issues. According to the draft papers, Mumbai-based Kalpataru's IPO comprises a fresh issue of shares aggregating up to Rs 1,590 crore. It would use Rs 1,192.5 crore for payment of debt. Kalpataru Ltd is part of the Kalpataru group. Other companies in the group are Kalpataru Projects International Ltd, Property Solutions (India) and Shree Shubham Logistics Ltd. Bengaluru-based Unimech ...

Sebi to auction 17 properties of KBCL on Dec 23 to recover illegal money

Capital markets regulator Sebi will auction 17 properties of KBCL India Ltd on December 23 to recover money illegally collected from investors. The regulator has initiated the process for the sale of assets after KBCL India Ltd, its directors Rakesh Kumar, Vishvnath Pratap Singh and Shashi Kant Mishra failed to refund the investors' money. As many as 17 land parcels in Uttar Pradesh will be auctioned at a reserve price of Rs 4.23 crore, according to a notice issued by Sebi on Friday. Quikr Realty has been engaged by Sebi to assist it in the e-auction, while C1 India has been appointed as the e-auction service provider. As per the notice, the regulator said bidders should make their own independent enquiries regarding the encumbrances, litigations, attachments and acquisition of liabilities of the property put on auction, prior to submitting their bid. The Securities and Exchange Board of India (Sebi) has invited bids for the sale of properties in the recovery proceedings against K

Adani-Hindenburg case: SC plea to take US charges against Adani on record

The petitioner has also called for the conclusive report by the Securities and Exchange Board of India (Sebi) on the probe carried out till now

Street signs: Sebi's tougher rules for MIIs, mkts settle into neutral gear

Although equity benchmarks ended their two-week losing streak last week, it was a turbulent period, exacerbated by escalating geopolitical tensions and the rout in Adani group stocks

Never entered into agreement to operate airport in Kenya: Adani Group

The group was responding to notices sent by stock exchanges to confirm reports of Kenyan President William Ruto ordering the cancellation of a procurement process

Sebi bats for independence of clearing corporations from stock exchanges

Regulator proposes measures to diversify ownership, other reforms

Sebi asks exchanges to look into disclosure concerns on Adani Group

Exchanges have sought clarification from the group entities on LODR-related lapses, if any

Mkt regulator Sebi nod to Roshni Nadar to acquire majority stake in HCLTech

Grants exemption from open offer for acquiring stake from father Shiv Nadar

Mkt regulator Sebi mulls new appointment process for key officials at MIIs

Proposes to align their hiring process with that of MD

Sebi asks MIIs to resolve whistleblower complaints within 60 days

Sebi on Friday came out with guidelines to strengthen accountability and improve governance of stock exchanges and other market infrastructure institutions (MIIs) by asking them to resolve whistleblower complaints within 60 days of receipt. Additionally, Sebi asked MIIs, comprising stock exchanges, clearing corporations and depositories, to adopt RegTech (regulatory technologies) and SupTech (supervision technologies) for better regulatory and supervisory mechanisms. Also, the regulator outlined guidelines for back office vendors, public interest directors (PIDs) meetings, establishing a standard operating procedure for disciplinary actions against Key Management Personnel (KMPs), disclosure of board meeting agendas and minutes, quarterly reporting by the Compliance Officer and half-yearly reporting by the Chief Risk Officer. The new guidelines will become effective from April 1, the Securities and Exchange Board of India (Sebi) said in its circular. On whistleblower policy, Sebi .

Sebi probes Adani Group's alleged disclosure failures post US SEC charge

Inquiry centres around allegations that Adani Green Energy Ltd did not adequately disclose the US Justice Department's investigation into bribery claims

Sebi investigating Adani Group over possible breach of disclosure norms

The process of fact-finding is expected to continue for two weeks following which Sebi could decide if it wants to open a formal investigation

Rahul Gandhi demands immediate arrest of Adani, probe against Sebi chief

Leader of Opposition Rahul Gandhi on Thursday demanded immediate arrest of industrialist Gautam Adani after the billionaire industrialist was charges in the US for alleged bribery and fraud. Addressing a press conference here hours after the US prosecutors charged Adani and associates for allegedly paying USD 250 million bribe to Indian officials, the Congress leader said it is now pretty clear and established in the US that the businessman has broken Indian as well as American laws. The Adani group has not yet reacted to the charges. Taking a jibe at Prime Minister Narendra Modi's 'Ek hain to safe hain' slogan, Gandhi said that as long as the prime minister and Adani are together, they are safe in India. He said Adani should be arrested immediately and interrogated, and his "protector" and Sebi chairperson Madhabi Puri Buch should be removed from her post probed. Gandhi further said he will raise the issue during the Winter session of Parliament beginning Monday. He also said th