Page 46 - Latest Updates on SEBI
IPO subscriptions: Process only money-backed ASBA applications, says Sebi
Latest directive follows instances during LIC's IPO where certain applications had to be cancelled as they didn't have sufficient funds in bank accounts
 "IPO subscriptions: Process only money-backed ASBA applications, says Sebi")
PayMate India files papers with Sebi to raise Rs 1,500 cr through IPO
The initial share-sale comprises fresh issue of equity shares worth Rs 1,125 crore and Offer-for-sale (OFS) of Rs 375 crore by promoters, investors and other shareholders
 "PayMate India files papers with Sebi to raise Rs 1,500 cr through IPO")
Sebi imposes fine of Rs 1 crore on IIFL for misusing client funds
Capital markets regulator Sebi on Monday imposed a penalty of Rs 1 crore on India Infoline Ltd (IIFL) for alleged misutilisation of client securities.
Street signs: 16,000 key support for Nifty, FPI sell-off continues & more
Foreign portfolio investors (FPIs) have continued to offload Indian shares this month, selling stocks worth over Rs 39,000 crore
 "Street signs: 16,000 key support for Nifty, FPI sell-off continues & more")
Top Headlines: Consumer sector deals rise; wheat mkts still on edge & more
Business Standard brings you the top headlines at this hour
 "Top Headlines: Consumer sector deals rise; wheat mkts still on edge & more")
Brookfield India REIT proposes to raise up to Rs 5,000 cr via sale of units
The units will be issued at a price not less than the rate to be determined in accordance with Sebi's guidelines for REIT
 "Brookfield India REIT proposes to raise up to Rs 5,000 cr via sale of units")
Sebi searches 16 'suspected entities' in Axis MF front-running case
Covers 30 locations across multiple cities including Maharashtra and Gujarat.
 "Sebi searches 16 'suspected entities' in Axis MF front-running case")
Sebi tweaks SOP in case of defaults by trading and clearing members
The measures are aimed at protecting the interest of non-defaulting clients of trading members (TMs) or clearing members (CMs) in the likely event of default.
Sebi exempts govt from making open offer to Vodafone Idea shareholders
In a nine-page order, Sebi said the acquisition of shareholding in VIL by the Government of India (GoI) is proposed with the sole intent of saving the larger public interest.
 "Sebi exempts govt from making open offer to Vodafone Idea shareholders")
Passive approach
Sebi's plans will offer more options to investors
Standard Chartered settles case with Sebi in CG Power case; pays Rs 4.97cr
Standard Chartered Bank has settled with markets regulator Sebi a case pertaining to alleged violations of norms in the matter of CG Power and Industrial Solutions Ltd after paying Rs 4.97 crore
Passive funds set for boost as Sebi eases market making, NFO and ETF rules
Industry players expect assets to double in five years
 "Passive funds set for boost as Sebi eases market making, NFO and ETF rules")
Sebi issues Rs 3.12 cr demand notice to NSE's ex-boss Chitra Ramkrishna
Capital markets regulator Sebi on Tuesday sent a notice to NSE's former chief Chitra Ramkrishna asking her to pay Rs 3.12 crore in a case related to governance lapses at the stock exchange
 "Sebi issues Rs 3.12 cr demand notice to NSE's ex-boss Chitra Ramkrishna")
Allowing MFs to launch passive ELSS a welcome step: Motilal Oswal AMC
SEBI allowed mutual funds to launch passively managed ELSS, though with a caveat that mutual funds can have either an actively-managed ELSS scheme or passively-managed one, but not in both categories
 "Allowing MFs to launch passive ELSS a welcome step: Motilal Oswal AMC")
Sebi slaps Rs 50 lakh fine on individual for fraud in IPOs of 2 companies
The companies -- IDFC Ltd and Sasken Communications Ltd -- had come out with their respective Initial Public Offerings (IPOs) in 2005.
Sebi issues new norms for constitution, disclosure of passive funds
Exchange-traded funds group-level exposure will be capped at 25 per cent, says regulator.
Sebi allows MFs to float passively managed equity-linked savings schemes
The move will allow new fund houses that are especially focusing on passive schemes to float a passively-managed ELSS fund
Macleods Pharma, TBO Tek, Suraj Estate Developers get Sebi's nod for IPOs
These firms, which filed their preliminary IPO papers with Sebi between December 2021 and March 2022, obtained Sebi's observations during May 17-20, an update with Sebi showed on Monday
 "Macleods Pharma, TBO Tek, Suraj Estate Developers get Sebi's nod for IPOs")
Limited cases of front-running taken up for scrutiny in 2020-21 amid Covid
The category accounts for under 5% of probes completed during the year, and under 3% taken up for scrutiny, shows an analysis of data from Sebi's last available annual report
 "Limited cases of front-running taken up for scrutiny in 2020-21 amid Covid")
Confusing Sebi rules
Any buy/sell advice, including a model portfolio, should be the domain of research analysts while holistic financial planning and asset allocation should be that of investment advisors
