Page 3 - Sebi Norms

Carefully evaluate open offer: NDTV independent directors to shareholders

Last month, the Adani group had written to Sebi, re-affirming its commitment to complete the open offer process for additional shares in NDTV

New guidelines for financial influencers under works, says Sebi

Merely giving disclaimers may not guard finfluencers from regulatory action

Regulations not a remedy for fraud: Sebi whole time member SK Mohanty

According to a survey, 47 per cent respondents considered lack of visibility over third parties as the biggest concern to bribery and corruption

Sebi devising regulations to increase accountability of 'finfluencers'

According to Sebi, there has been an exponential rise in the number of unregistered advisors giving unsolicited stock investment tips on social media platforms

Sebi notifies rules on dividend, redemption proceeds to MF unitholders

Capital markets regulator Sebi has notified new rules for asset management companies (AMCs) pertaining to transfer of dividend and redemption proceeds to mutual fund unitholders. Under this, every mutual fund and asset management company would be required to transfer to the unitholders the dividend payments and the redemption or repurchase proceeds within a period specified by Sebi, the regulator said in a notification made public on Thursday. In case of failure to transfer the proceeds within the specified period, the AMC would be liable to pay interest to the unitholders for the period of such delay. "Notwithstanding payment of such interest to the unit-holders...the asset management company may be liable for action for failure to transfer the redemption or repurchase proceeds or dividend payments within the stipulated time," Sebi said. It further said that physical despatch of redemption or repurchase proceeds or dividend payments would be carried out only in exceptional ...

New set of proposals on media ownership in the works, says TRAI chief

Second time in eight years that TRAI will be issuing guidelines. Comes amid the Adani-NDTV spat. Regulator had released consultation paper in April

Best of BS Opinion: Prompt disclosures, boosting production, and more

Here is the best of Business Standard's opinion pieces for today

Sebi's tougher disclosure regime may be a challenge for India Inc

Compliance burden could go up manifold if new proposals get implemented, say legal experts

Confidential IPO filing: How it will work and why it is being introduced

Under this mechanism, the information in the DRHP is made available only to the regulator, not to the public at large

Firms pre-filing for IPOs may get to market to institutional investors

New clause to help issuers gauge institutional investor demand

Market regulator Sebi plans to streamline disclosure framework

Suggests halving disclosure timeline to 12 hours; proposes mandating top 250 listed firms to confirm/deny media reports

Muddling regulations

Insolvency resolution should not be weakened

Transfer pay-outs to client's demat account within a day, says Sebi

Regulator issues fresh guidelines for unpaid securities

Sebi seeks to protect public shareholders' interests during CIRP

Non-promoter entities in bankruptcy-hit firms to be given opportunity to acquire shares

Debt securities rules: Sebi issues circular for disclosing payment of fees

Sebi on Thursday issued a new format for disclosing details pertaining to payment of fees applicable under the issuance of debt securities rules. In July, Sebi said that market infrastructure institutions, including stock exchanges, registered intermediaries and companies that have listed or are intending to list their securities on a stock exchange have to pay 18 per cent GST on the fees charged by the regulator. This is also applicable for persons who are dealing in the securities market. The tax rate was effective from July 18. The Securities and Exchange Board of India (Sebi) has amended the chapter that deals with bank account details for payment of fees of the NCS (Issue and Listing of Non-Convertible Securities) rules, according to a circular. Under the new format, issuers who have listed and/ or propose to list non-convertible securities, stock exchanges and other entities will have to disclose to Sebi about date of remittance, amount remitted -- break-up of fee and GST ..

KFintech settles Sebi proceedings with payment of over Rs 91 lakh

The registrar and transfer agent was found to be violating rules during a Sebi inspection in 2019-2020

Sebi pegs dues worth Rs 67,228 cr as 'difficult to recover': Annual report

Capital markets regulator Sebi has segregated dues to the tune of Rs 67,228 crore under "difficult to recover" category at the end of March 2022. Overall, the regulator has dues worth Rs 96,609 crore that needs to be recovered from entities, including those that failed to pay the fine imposed on them, failed to pay fees due to markets watchdog and did not comply with its direction to refund investors' money, according to Sebi's annual report for 2021-22. Out of Rs 96,609 crore, the regulator said that Rs 63,206 crore, which is 65 per cent of the total, pertains to Collective Investment Scheme (CIS) and deemed public issues of PACL Ltd and Sahara Group company -- Sahara India Commercial Corporation Ltd. Also, Rs 68,109 crore, amounting to 70 per cent of the total dues, is subject to parallel proceedings before various courts and court-appointed committees. In these cases, Sebi's recovery proceedings are subject to directions of respective courts or committees. In its annual report,

Markets regulator Sebi penalises 9 persons in Bombay Dyeing case

Markets regulator Sebi has slapped a penalty totalling Rs 59 lakh on nine persons in a case pertaining to alleged fraudulent scheme of misrepresenting financial statements of Bombay Dyeing and Manufacturing Company Limited. These persons were either members of the audit committee of Bombay Dyeing or CFOs of the company during the violations. They have been asked to pay the fine within 45 days, the Securities and Exchange Board of India (Sebi) said in its order passed on Monday. The regulator conducted an investigation to ascertain whether the books of accounts of Bombay Dyeing and Manufacturing Company Limited (BDMCL) were manipulated for the financial years from FY12 to FY19. The investigation revealed that BDMCL, by entering into various Memoranda of Understanding with its group company Scal Services Limited during FY12 to FY18 and by subsequently recognising revenue on the basis of such MoUs and not consolidating the transactions carried out with Scal, had inflated its sales and

Sebi recovery rate less than 2% of Rs 99,490 cr claimed since 2013-14

Number of pending notices was up 31% to 2,872 at the end of FY22, from 2,193 the previous year

Subdued equity market slows mutual fund penetration, shows data

Mutual funds fail to carry high growth momentum of FY22 due to changed market conditions