Page 7 - Sebi

Sebi flags need for tighter regulations as royalty payments increase

Securities and Exchange Board of India (Sebi) said one out of two times listed companies that paid royalty, did not pay dividend or paid more royalty to RPs than dividend paid to other shareholders

Sebi bats for easing angel fund norms; move to aid funding of startups

Sebi plans to eliminate the minimum investment requirement of Rs 25 lakh for angel investors

Mkt regulator Sebi mulls action for lapses in Artificial intelligence usage

Proposals aimed at ensuring market players behave responsibly

Sebi grants allotment exemptions for InvITs, Reits in schemes for employees

Markets regulator Sebi on Wednesday exempted InvITs and REITs from specific lock-in and allotment restrictions when issuing units to an employee benefit trust under unit-based employee benefit (UBEB) schemes. This will facilitate easier acquisition and distribution of units to employees. "In order to promote ease of doing business and to facilitate the acquisition of units by the employee benefit trust and the subsequent transfer of units to the employees as per the terms of the UBEB scheme, it is proposed that the ... lock-in and allotment related restrictions shall not apply to the employee benefit trust," Sebi said in separate circulars. Standardizing quarterly reporting format, Sebi has mandated that Bharat InvITs Association and Indian REITs Association specify a uniform format for quarterly reports and compliance certificates. These updates are to ensure that all InvITs and REITs comply with the set format, which will be publicly available on the associations' websites. Thes

Green Frontier Capital launches Sebi-approved fund worth Rs 1,500 crore

The fund will focus on accelerating India's low-carbon transition through investments in transformative climate technologies

Sebi takes up review of custodian norms, proposes steps to ease operations

Proposes to raise net worth criteria for the first time in nearly three decades

Sebi mulls raising investment limit by angel fund in startup to Rs 25 cr

Markets regulator Sebi on Wednesday proposed raising the maximum investment limit by an angel fund in a startup to Rs 25 crore, a move that can provide a boost to the new-age technology companies. It has been proposed that the minimum investment limit should be reduced to Rs 10 lakh from Rs 25 lakh at present and that the maximum investment limit be increased to Rs 25 crore from the current Rs 10 crore, Sebi said in its consultation paper. Additionally, the regulator has proposed allowing only "accredited investors" to invest in angel funds, looking to rationalise their fundraising processes, strengthening disclosure as well as governance requirements and providing operational clarity and investment flexibility. These proposals aim to restrict angel funds to investors with commensurate risk appetite and ability to evaluate investment proposals, while also enhancing the ease of doing business in this space, Angel Funds, a type of Category I AIFs - Venture Capital Funds, provide capit

Sebi proposes to double minimum net worth requirement for custodians

Assets under their custody jumped to Rs 278.5 trillion by September 2024 from Rs 2.7 trillion in 2002

Futures trading ban fails to cool retail prices in India, say reports

'Sans futures contracts, FPOs were unable to hedge against price fluctuations'

Market regulator Sebi simplifies process for registration of certain FPIs

Abridged version of application form to be available in the next three months

Sebi extends deadline till Nov 26 for comments on proposed SDP recognition

Markets regulator Sebi on Tuesday extended the deadline for public comments till November 26 on the proposal concerning requirements for recognition as specified digital platforms (SDPs). Earlier, the comments from the public were sought till November 12. "Based on the representations received by Sebi from some of the entities/organisations, it has been decided to extend the timeline to submit the public comments on the consultation paper till November 26, 2024," the regulator said in a statement. In its consultation paper, Sebi proposed requirements for recognition as specified digital platforms whereby such platforms should proactively prevent fraud, impersonation, unauthorised claims, and unregistered entities from operating. The regulator suggested that specified digital platforms use artificial intelligence or machine learning (AI/ML) tools to identify content or ads related to securities, ensuring the entity is Sebi-registered or permitted, no unauthorised advice, ...

New trading options for investors: UPI block mechanism and 3-in-1 accounts

The UPI-based block mechanism ensures that funds are only committed when necessary, reducing the need for upfront payments and the associated risk of idle funds.

Supreme Court dismisses 1994 Sebi appeal against Ambani's Reliance entities

SC dismisses Sebi's appeal against Reliance Investment Holdings, Mukesh, and Anil Ambani over 1994 takeover norms breach, citing 'inordinate delay' in the regulator's actions

RBI, Sebi unveil rules for converting excess investment by FPIs into FDI

FPIs will need to seek government approval before reclassification in applicable cases

Sebi orders attachment of bank accounts of Venugopal Dhoot, Electroparts

Capital markets regulator Sebi has ordered the attachment of bank accounts and shares and mutual fund holdings of Venugopal Dhoot and Videocon industries' promoter entity Electroparts (India) to recover dues of around Rs 68.5 lakh. Before this, the regulator on September 30 sent a notice to Videocon Industries' promoter entity Electroparts (India) Pvt Ltd and its Chief Executive Officer (CEO) Venugopal Dhoot and asked them to pay dues within 15 days in a case on insider trading activities in the shares of Videocon Industries. The attachment notice came after Dhoot and Electroparts (India) failed to pay the fine imposed on them. In two attachment orders passed on Friday, the markets watchdog has ordered the attachment of bank, demat accounts and mutual fund folios of Venugopal Dhoot and Electroparts (India) to recover the pending dues. Going by the notices, dues of Rs 68.52 lakh were pending with Dhoot and Electroparts (India), which includes interest and recovery costs. As per the

Sebi asks qualified stock brokers to offer UPI mechanism from Feb 1

The UPI-based block mechanism provides enhanced security by ensuring transactions from the bank account

Sebi considers process to seek waiver of interest on penalty payment

Markets regulator Sebi on Monday proposed a procedure for seeking a waiver or reduction of interest concerning recovery proceedings initiated by it for failure to pay penalty. Under the proposal, the regulator suggested that the applicant's requests for waiver/reduction should 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 consultation paper, Sebi has suggested that 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

Keynote Address: Ananth Narayan Gopalakrishnan, Whole-Time Member, SEBI

CareEdge group to scale up share for its non-rating business to 20%

The plan is to establish regional hubs to enhance local connections in the countries rated by CARE

Sebi looks to expand scope of unpublished price-sensitive information

To enhance transparency in market disclosures, Sebi is looking to broaden the scope of Unpublished Price Sensitive Information (UPSI) by including proposed fundraising activities, restructuring plans, and one-time bank settlements. In its consultation paper, Sebi has proposed that only agreements, including shareholder, joint venture and family settlement, that affect the management and control of the firm and are known to the firm should be considered price-sensitive and included in the illustrative list of events under the definition of UPSI. Additionally, key developments in corporate insolvency proceedings, such as initiation or approval of resolution plans by the tribunal, should be disclosed as potentially price-sensitive. If a forensic audit is launched or concluded for issues like fund misappropriation or financial misstatements, it should be disclosed as price-sensitive. The proposed changes to Sebi's definition of UPSI are aimed at increasing regulatory clarity and ...