Page 90 - Latest Updates on SEBI
Sebi mulls new, easier framework for companies to delist post open offer
Aims to remove sequentially contradictory transactions in the takeover process
 "Sebi mulls new, easier framework for companies to delist post open offer")
Sebi defers implementation of MF employee compensation norms to Oct 1
In April, market regulator announced that 20% pay of senior MF officials must be in the form of units of schemes they oversee
 "Sebi defers implementation of MF employee compensation norms to Oct 1")
Franklin MF moves SAT seeking stay on Sebi's Rs 5 crore penalty order
Tribunal to issue an order next week on whether plea can be admitted
Sebi boosts liquidity risk management for open-ended debt schemes
The market regulator has also asked AMFI to prescribe a suitable framework in this regard within one month. The framework will be adopted by all AMCs
Sebi looks to broaden IPO reach, plans to rope in payment banks
Considers allowing payments banks, SFBs to handle application process; decision likely in Tuesday's meeting
 "Sebi looks to broaden IPO reach, plans to rope in payment banks")
Top headlines: RBI extends restrictions on PMC, Franklin moves SAT, & more
Business Standard brings you the top news of the evening
 "Top headlines: RBI extends restrictions on PMC, Franklin moves SAT, & more")
Share buyback case: SAT stays Sebi's penalties on Cairn India, others
The buyback offer was scheduled to open on January 23, 2014 and close on July 22, 2014.
 "Share buyback case: SAT stays Sebi's penalties on Cairn India, others")
Markets regulator Sebi plans to come out with framework for SPACs
The regulator is expected to put in place guidelines in this regard next week
Securities market: On the cusp of change
Para 68 of the Budget announcement of 2021, exactly 30 years after 1991, could be the beginning of the next round of financial sector reforms
 "Securities market: On the cusp of change")
Regulator may ask asset management firms to go slow on thematic schemes
Some themes aggressively pursued by fund houses include environmental, social and governance (ESG), international funds, and other innovative ETFs in the equity, as well as debt segments
 "Regulator may ask asset management firms to go slow on thematic schemes")
United Breweries reverses gains, slips 6% post huge block deals
Around 39.76 million shares, representing 15 per cent of the total equity of United Breweries changed hands on the BSE, the exchange data shows
 "United Breweries reverses gains, slips 6% post huge block deals")
Foreign funds at IFSCs may get benign tax treatment under VCC model
K P Krishnan committee report has made multiple suggestions for Indian VCC vehicles to compete with Singapore
 "Foreign funds at IFSCs may get benign tax treatment under VCC model")
Sebi exempts open offer for Heineken's purchase of 15% stake in UB
Regulator allows special exemption as the shares are being acquired as part of an order of Debt Recovery Tribunal to recover dues from Vijay Mallya and his group companies
Preferential valuation
PNB Housing should have engaged an independent valuer
 "Preferential valuation")
SAT allows vote on Carlyle's Rs 4,000-crore infusion in PNB Housing
Results not allowed to be disclosed; Tribunal allows Tuesday EGM to go ahead
SAT dismisses Rana Kapoor's appeal against Sebi's Rs 1-cr penalty order
Case relates Sebi show-cause to Kapoor and his firm for alleged lapse in disclosure norms
 "SAT dismisses Rana Kapoor's appeal against Sebi's Rs 1-cr penalty order")
About 60 NFOs mobilise Rs 27,000 cr in six months amid buoyancy in markets
While new offerings are usually launched during a bull phase when investor sentiment peaks, industry officials believe these NFOs launches are largely to complete bouquet of products from fund houses
 "About 60 NFOs mobilise Rs 27,000 cr in six months amid buoyancy in markets")
PNB Housing goes to SAT against market regulator's order on share transfer
SEBI has asked the company not to act on preferential allotment until an independent valuation of shares was done.
PNB Housing Finance defends Carlyle Group deal after Sebi halts move
Regulator wants report by independent valuer
PNB Housing Finance says Sebi has asked company to pause share sale
Market regulator says proposed Rs 4,000 crore share transfer is against the laws.
 "PNB Housing Finance says Sebi has asked company to pause share sale")