Page 44 - Latest Updates on SEBI
SAT gives ICEX another chance, quashes withdrawal of permanent recognition
Tribunal says 'the ship may be sinking but the leakages can be plugged', pulls up Sebi for concluding exit of top officials would necessarily lead to closure of the exchange
 "SAT gives ICEX another chance, quashes withdrawal of permanent recognition")
'Sebi acted in haste': Chanda Kochhar gets interim relief from SAT
Tribunal directs Kochhar to file a fresh application before Sebi
 "'Sebi acted in haste': Chanda Kochhar gets interim relief from SAT")
Sebi penalises Yashovardhan Birla, 6 others in Zenith Birla GDR case
It is the level and curvature of the yield curve that contains info on market expectations on economic prospects and inflation, says paper authored by Deputy Governor M D Patra and others
 "Sebi penalises Yashovardhan Birla, 6 others in Zenith Birla GDR case")
Sebi slaps Rs 23 lakh penalty on 3 people for misrepresentation of funds
Capital markets regulator Sebi on Wednesday imposed penalties totalling Rs 23 lakh on 3 individuals in a case related to misrepresentation in the financial details of Indian Infotech and Software Ltd
Indian Overseas Bank gets board nod to raise up to Rs 1k cr equity capital
The Chennai-based state-owned lender said it will seek shareholders' approval for raising the equity capital
 "Indian Overseas Bank gets board nod to raise up to Rs 1k cr equity capital")
Those subscribing MFs from Aug to get choice of providing nomination: Sebi
AMCs have been asked to ensure that adequate systems are in place for providing the e-sign facility and they need to take all necessary steps to maintain confidentiality and safety of client records
 "Those subscribing MFs from Aug to get choice of providing nomination: Sebi")
Sebi issues demand notices to BSE, NSE in Karvy Stock Broking case
In an order on April 12, Sebi had slapped a penalty of Rs 3 crore on BSE and Rs 2 crore on NSE for "laxity" on their part in detecting misuse of clients' securities by KSBL
'Not fit & proper': SAT scraps Sebi order against 5 brokers in NSEL case
Market regulator asked to conduct a fresh investigation into the matter and pass an order within six months.
Multiply Ventures raises Rs 260 cr via maiden fund focused on consumer tech
The Bengaluru-based VC fund said it exceeded its target of Rs 250 crore
 "Multiply Ventures raises Rs 260 cr via maiden fund focused on consumer tech")
Stick to algos vetted by exchange or a reputed broker, advise experts
Go with players who can provide audited records of performance
 "Stick to algos vetted by exchange or a reputed broker, advise experts")
Standardising regulatory prescriptions
Realisation of statutory objectives in the securities market requires absolute clarity of statutory provisions
Ahmedabad-based Nandan Terry scraps IPO plans; withdraws draft papers
Nandan Terry, part of the Chiripal group, has decided to withdraw its Rs 255-crore initial public offering (IPO).
 "Ahmedabad-based Nandan Terry scraps IPO plans; withdraws draft papers")
Foxconn's Bharat FIH gets Sebi nod to raise Rs 5,000 crore through IPO
The initial share-sale of Bharat FIH comprises fresh issue of shares worth Rs 2,502 crore and an offer for sale of up to Rs 2,502 crore by promoter group and Foxconn unit Wonderful Stars
 "Foxconn's Bharat FIH gets Sebi nod to raise Rs 5,000 crore through IPO")
Sebi clarifies on applicability of AIFs and portfolio manager rules
Investment managers of an AIF (alternative investment fund) can provide investment management services to the offshore fund only by getting registered as portfolio managers, according to Sebi.
 "Sebi clarifies on applicability of AIFs and portfolio manager rules")
Make nomination the third route of succession
Even in an august gathering such as the one at Vigyan Bhavan, the percentage of people who had made their Will would be in the low double-digit
Tech used by casinos in Las Vegas may help Sebi tackle insider trading
Not just India, but several global financial regulators are considering such AI programmes to nail securities law violators such as insider trading
 "Tech used by casinos in Las Vegas may help Sebi tackle insider trading")
Holding her own: Madhabi Puri Buch completes 100 days as Sebi chairperson
Industry players credit Sebi's first woman chairperson with putting special emphasis on cyber security, use of tech and data - areas where Sebi is trying to 'stay ahead of the curve'
 "Holding her own: Madhabi Puri Buch completes 100 days as Sebi chairperson")
Two entities pay Rs 2.43 cr to settle insider trading case with Sebi
Quick Trading and Investment Advisors LLP and Vipul D Modi have settled with market regulator Sebi in case pertaining to insider trading after paying settlement amount totalling Rs 2.43 crore.
Sebi warns investors against unregulated platforms offering algo trading
"These platforms are unregulated and thus there is no investor grievance redressal mechanism covering their activities," Sebi said.
'Be careful': Sebi lets off Tata Motors with warning in 18-year old case
Sebi has let off Tata Motors with a warning to be "more careful" in its future dealings in the securities market, saying any orders passed at this stage may not practically serve any purpose
