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Markets regulator Sebi on Monday provided relaxation of 60 days to large Registrars to an issue/ Share Transfer Agents (RTAs) from complying with the enhanced requirements pertaining to periodic reporting. Under the rules, QRTAs or qualified RTAs are required to comply with enhanced responsibilities through adoption and implementation of an internal policy framework and periodic reporting requirements. In a circular, Sebi clarified that an RTA would be categorised as QRTA if at any time during a financial year, the combined number of physical and demat folios being serviced by the RTA for listed companies exceeds 2 crore. In case of the categorisation as a QRTA, an intimation needs to be sent by the RTA within five working days to Sebi. Further, it said that an RTA will be considered as a QRTA from the date of categorisation as a QRTA and will be considered as such for the next 3 financial years, irrespective of subsequent fall in number of folios and will be liable to comply with
The market watchdog noted that the proposed change will help mitigate the mismatch between the listed capital and issued capital of the issuer
The new rules and trends are increasing the need for content per vehicle and this, in turn, is helping companies boost their revenue and profits
The industry's worry is the "knee-jerk reaction" of states in regulating the industry, Barde said
The India of today is different from what it was earlier and regulators of other countries should trust the credibility of Indian regulations, Reserve Bank of India Governor Shaktikanta Das said
This force has been patrolling the streets of Iran since 2006, arbitrarily enforcing its strict dress code
Markets regulator Sebi on Tuesday imposed a penalty of Rs 50 lakh on an entity and its directors for violating the regulatory norms in the case of CapitalVia Global Research Ltd. The regulator slapped a fine of Rs 50 lakh on CapitalVia Global Research Ltd (Noticee 1) and its directors -- Kiran Ravindra Kumar Choudhary (Noticee 2), Rohit Gadia (Noticee 3) and Prem Prakash (Noticee 4). The penalty has to be paid jointly and severally. The order came after Sebi conducted an inspection of CapitalVia Global Research Ltd from April 2016 to September 2017 to verify whether CapitalVia and its directors had complied with regulatory requirements prescribed under IA (Investment Advisers) norms. Sebi had issued two orders against the company and its directors. In the first order vide dated November 2016, it directed noticees not to solicit or undertake any fresh advisory business from the date of order till further directions. In its second order, which was passed on January 2017, noticees w
According to a survey, 47 per cent respondents considered lack of visibility over third parties as the biggest concern to bribery and corruption
Bitcoin rose by almost 4 per cent after dropping to its lowest at $18,300 post-US inflation data was released
In September, the I-T department issued show cause notices to seven online gaming firms and about three dozen high-value players for a possible evasion of Rs 28,000 crore
Depositors to get insurance claim, amount of Rs 193.68 cr already paid out
The telecom operators will welcome the move as they have long demanded that OTT communication apps that provide the same services as operators should be subjected to similar regulations
Digital lending involves giving and recovering loans through web platforms or mobile apps. Here are the new regulations and why they have been introduced
The regulations would authorize the Commodities Futures Trading Commission to be the default regulator for cryptocurrencies
The sources said Twitter has repeatedly violated directions issued under the IT Act
Also suggests that regulatory instructions should contain a statement of objective underlying the rationale for their issuance, supplemented with FAQs/guidance notes and illustrations
Union Minister of State for Defence Ajay Bhat said India was committed to tackling maritime challenges through a collaborative and regulation-based system to foster growth in coastal nations.