Page 5 - Ajay Tyagi

Sebi's expert committee supports regulating global proxy companies

Global proxy firms came to limelight following their controversial recommendations on the removal of HDFC Chairman Deepak Parekh

Sebi chief Ajay Tyagi scores big in first 100 days

From new fund raising instruments like municipal bonds and infrastructure investment trusts (InvITs) to passing orders in long-pending matters like the Reliance Industries 'unlawful gain's case, Ajay Tyagi, chairman, Securities and Exchange Board of India (Sebi) has made some right moves in his first 100 days in office.He took charge from predecessor U K Sinha on March 1. The senior bureaucrat couldn't have entered the stock market fray at a more opportune time, with shares climbing to record highs, investor flows into mutual funds at new levels and buoyancy in the Initial Public Offer market. In less than a month, Sebi had barred Reliance Industries from accessing the derivatives market and asked the Mukesh Ambani-led entity to disgorge Rs 447 crore (with 12 per cent interest for 10 years) it was deemed to have made unlawfully. (The company has challenged Sebi's order at the Securities Appellate Tribunal).Another step was tightening of the participatory notes (p-notes) framework. ...

NSE IPO to take time, decision on new CEO soon, says Sebi chief Ajay Tyagi

IPO will see existing shareholders offloading 20-25% shares to public through the offer OFS route

Create financial awareness, make stock market accessible to everyone: Tyagi

Says Regulators and the govt will have to constantly engage with stakeholders to achieve it

Ajay Tyagi meets FPIs today to discuss GAAR, KYC

Investors want a common clearing corporation to boost liquidity management

Sebi chief Tyagi to meet investment bankers over primary market reforms

Securities and Exchange Board of India (Sebi) is readying ground for next set of reforms in the primary market. Higher reservations for mutual funds (MFs) in Initial Public Offers (IPOs), bringing the CPSE ETF under the IPO fold and further tweaks to the anchor investor allotment process, besides shorting of the IPO timeline are some of the key changes that are being considered by the market regulator, said people involved in the discussion. Ajay Tyagi, chairman, Sebi has called upon a meeting of select investment banks and industry body Association of Investment Bankers of India (AIBI) on April 18 to get more suggestions on board. The meeting -first formal interaction between the new Sebi chief and investment banking community-was earlier scheduled for April 3, however, got pushed by two weeks.The proposal to provide higher reservations for MFs in the anchor and qualified institutional buyers (QIBs) portion of a public offering comes at a time when there has been a sharp monthly ...

Market participants meet Sebi Chief Ajay Tyagi, discuss takeover norms

Demanded necessary safeguards to protect them from increased cost burden after GST implementation

Unified licence to be key item at Ajay Tyagi's first board meet

The Securities and Exchange Board of India (Sebi) is planning to allow a single license to brokers to operate in equity and commodity markets. The amendment said to be made in the regulations pertaining to market intermediaries institutions (MIIs), which is currently under regulatory review. The announcement is likely to be made in the upcoming Sebi's board meeting which could be held next month. A move could be the first important step by Sebi under its new chairman Ajay Tyagi who hinted the improvement of commodity space as a priority.The amendment would be brought in the SECC (Stock Exchanges and Clearing Corporations) norms governing to stock exchanges, clearing corporations and depositories. Sebi has issued a consultation paper to review the existing norms and also sought public comments till March 31. At present, commodity market intermediaries which are now regulated by Sebi, following the absorption of Forward Markets Commission (FMC) into it, they still adhere to different ...

Ajay Tyagi takes charge as Sebi chief: Key areas he should focus on

Ajay Tyagi set to take charge today

Ajay Tyagi takes charge as Sebi chief

Ajay Tyagi on Wednesday assumed charge as the ninth chairman of Securities and Exchange Board of India (Sebi). The former additional secretary in the Department of Economic Affairs, made a confident entry in the Sebi's and is likely to hit the ground running.Sources said the Finance Ministry has set some action plan for Tyagi particularly in the area of commodity markets. "He has been briefed to focus on integration of the commodity market by allowing interoperability for brokers. The government has a view that commodity market still lacking confidence even post-merger with Sebi and will need some regulatory changes," said a government official.Besides, he might have to sort some legal issues enabling options trading in commodities. Another immediate focus for Tyagi would be in the area of corporate governance. "The government is not satisfied with the way high-profile board room battle has been handled," said the person cited above.Some of the recent corporate governance related ...

Ajay Tyagi to take charge as Sebi chairman

Ajay Tyagi will take charge as the new chairman of the Securities and Exchange Board of India (Sebi) on March 1.The 59- year old Tyagi will replace UK Sinha, who has been at the helm of the securities market regulator for six years.Tyagi, who was an additional secretary, Department of Economic Affairs in the finance ministry, has been appointed for a period of three years. Tyagi is an Indian Administrative Officer (IAS) from the 1984 batch, Himachal Pradesh cadre. His only experience with capital markets has been as additional secretary in the North Block, a post he has held since October 2014.A number of bureaucrats who have worked with Tyagi say that he was expected to show good understanding of the markets and infuse new ideas in the system. Tyagi has to primarily complete the unfinished agenda of his predecessor Sinha, on issues like start-up listings and real estate investment trusts (Reits) which is yet to take off. He need to also finalise new rules on algorithm or ...

Ajay Tyagi: Sebi's next chairman says he's ready to handle responsibilities

Tyagi would succeed U K Sinha, whose tenure as Chairman would end on March 1

Senior IAS officer Ajay Tyagi appointed Sebi chief for five years

He replaces U K Sinha; he served as Additional Affairs Secretary for Economic Affairs Department.

Large-caps should do slightly better than mid-caps over next twelve months: Ajay Tyagi

Interview with UTI Mutual Fund executive vice president and fund manager