Page 101 - Latest Updates on SEBI
FinMin asks Sebi to withdraw directive on tenure of AT1 bonds
Ministry has asked Sebi to withdraw its directive to mutual fund houses to treat AT-1 bonds as having maturity of 100 years as it could disrupt the market and impact capital raising by banks
 "FinMin asks Sebi to withdraw directive on tenure of AT1 bonds")
Finance Ministry asks Sebi to withdraw circular on AT1 bonds: Report
Panic redemption by mutual funds would impact the overall corporate bond market as MFs may resort to selling other bonds to raise liquidity in debt schemes, says the memorandum
Sebi forms expert group to examine feasibility of SPACs
Capital market regulator Sebi has formed a group of experts to examine the feasibility of introducing Special Purpose Acquisition Companies (SPACs)
Covid impact: Sebi may give overseas roadshow a miss, again
The regulator typically meets overseas investors in the US and UK in the first half of a financial year, and had opted for a virtual meet last year too
 "Covid impact: Sebi may give overseas roadshow a miss, again")
Sebi extends Central KYC Registry to legal entities
Sebi on Wednesday asked regulated entities to upload 'Know Your Customer' data pertaining to accounts of legal entities opened on or after April 1, onto the Central KYC Registry
 "Sebi extends Central KYC Registry to legal entities")
Sebi limits MF investments in debt instruments with special features
In a circular, the market regulator said that no MF under all its schemes shall own more than 10 per cent of AT1 bonds issued by a single issuer
Sebi slaps Rs 90-lakh fine on Anugrah for misusing clients' funds
Mumbai-based brokerage misused client funds worth Rs 119 crore, says regulator's investigation
 "Sebi slaps Rs 90-lakh fine on Anugrah for misusing clients' funds")
Illiquid stock options matter: Five entities settle cases with Sebi
During the investigation, Sebi found that the five entities were allegedly indulged in non-genuine trades and created a false and misleading appearance of trading in the stock options segment
Sebi imposes Rs 90L fine on Anugrah Stock and Broking for violating norms
Sebi on Tuesday slapped a fine of Rs 90 lakh on Anugrah Stock and Broking Pvt Ltd for violations of market norms.
Top headlines: Ruia out of Air India sale race, India to appeal Cairn award
IndiGo, the country's largest airline, is in talks with Airbus to finalise a deal to acquire up to five A321 converted freighters amid a burgeoning air cargo market
 "Top headlines: Ruia out of Air India sale race, India to appeal Cairn award")
Fortifying independent directors: Sebi's proposal may fail in practice
Sebi has thrown open for public discussion proposals for fortifying the position of independent directors (IDs)
 "Fortifying independent directors: Sebi's proposal may fail in practice")
With new players at the gates, AMCs to see stiff competition in MF space
Currently, nine requests for MF licence are being processed by Sebi
 "With new players at the gates, AMCs to see stiff competition in MF space")
Sebi makes voting on resolutions floated by invested firms a must for MFs
Starting April 2021, MFs will have to vote on key resolutions such as M&A, corporate revamp, and stock option plans
MFs trustees haven't done a good job, says former Sebi chief Damodaran
Every mistake that catches the regulator's attention is a mistake that has gone past the trustees, who didn't notice it or noticed but did not do anything about it, he says
 "MFs trustees haven't done a good job, says former Sebi chief Damodaran")
Utkarsh Small Finance Bank files draft papers for Rs 1,350-crore offering
The Initial Public Offer (IPO) comprises fresh issue of equity shares worth Rs 750 crore and an offer of sale to the tune of Rs 600 crore by promoter Utkarsh Coreinvest Ltd
 "Utkarsh Small Finance Bank files draft papers for Rs 1,350-crore offering")
Sebi lays guidelines on votes cast by mutual funds to improve transparency
The move is aimed at encouraging fund houses to diligently exercise their voting rights in best interest of the unit holders
Sebi puts in place procedure for change in controlling interest of AMCs
This comes after Sebi, in February, relaxed profitability criteria for becoming a mutual fund sponsor with a view to facilitating innovation and expansion in the mutual funds sector
Enforcement Directorate slaps money laundering case on Franklin MF
Sebi issues show-cause notice and summons to fund house, its officials who redeemed their investments
 "Enforcement Directorate slaps money laundering case on Franklin MF")
Seeking compensation for tech glitches could be a tough task for investors
Lawyers say compensation may be an uphill task for investors because of a lack of judicial precedent and broader institutional difficulties
 "Seeking compensation for tech glitches could be a tough task for investors")
Sebi cancels Sahara India Financial Corp's registration as sub-broker
The regulator had appointed a designated authority in 2018 to enquire whether Sahara India Financial violated provisions of Intermediaries Regulations