Markets regulator Sebi on Wednesday slapped monetary penalty on Viaan Industries Ltd, Shilpa Shetty Kundra and Raj Kundra, for disclosure lapses and consequent violation of insider trading norms.
The framework covers aspects such as roles and responsibilities of trustees, the board, management and even key personnel of asset management companies.
The Sebi chief said the regulator is examining the minimum shareholding and public float at a concept level.
He also rued that banks are accessing capital markets only for their core or Tier-II capital requirements, and need to access the markets more for raising resources for project finance.
The Sebi chief said that the regulator has been active in the efforts to strengthen the market and several reforms are in the pipeline.
SPACs or blank cheque companies are formed to raise capital in an initial public offering (IPO) with the purpose of using the proceeds to identify and merge with a target company.
The Mauritius-based funds invested in firms that ended up defaulting or were investigated for wrongdoing.
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Sebi's move has raised doubts over the role of players like Kuvera, Groww and Paytm Money. Currently, most users prefer these players for most activities that the new platform is designed to do
The market regulator recently raised the reward for providing credible information that leads to prosecution from Rs 1 crore to Rs 10 crore
ESAF Small Finance Bank has filed preliminary papers with capital markets regulator Sebi to raise Rs 998 crore through an initial public offer (IPO).
Merrill Lynch Markets Singapore Pte Ltd has settled a case pertaining to incorrect reporting of offshore derivative Instruments (ODI) in monthly reports filed with capital markets regulator Sebi.
The custodians are directed to provide information in 15 days
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As many as six companies including Aptus Value Housing Finance, CarTrade Tech, and Supriya Lifescience have received capital markets regulator Sebi's go-ahead to float initial share-sales.
Currently, fund houses are required to invest a maximum of Rs 50 lakh per scheme
Sebi levied a total fine of Rs 40 lakh on B P Equities Pvt Ltd, Jamson Securities Pvt Ltd and an individual for violation of market norms while dealing in the scrip of Ruchi Soya Industries Ltd
If you are not going to trade frequently, don't leave excess cash in your trading account and make sure check weekly reports sent by the exchange carefully
The bench said it was clear that Sebi's consent could not be mandatory for the court before which the proceeding was pending, for the purpose of exercising the power of compounding under Section 24A
Views follow a stellar response to India's first unicorn IPO by food delivery company Zomato, which was subscribed nearly 40 times