Move likely to give more flexibility to founders of new-age companies aiming to raise capital and taking their firms public
At present, AMCs have to invest the lesser of 1% of amount raised during a NFO or Rs 50 lakh. Sebi board has now linked minimum amount to the risk associated with each scheme
New timeline will apply to maintenance of call recordings of orders from clients, funding reporting and permission to operate trading terminals from alternate locations
Aims to remove sequentially contradictory transactions in the takeover process
In April, market regulator announced that 20% pay of senior MF officials must be in the form of units of schemes they oversee
Tribunal to issue an order next week on whether plea can be admitted
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
Case relates Sebi show-cause to Kapoor and his firm for alleged lapse in disclosure norms
Business Standard brings to you top headlines on Tuesday
Sebi regulations at present do not allow cashless transfers of securities between FPIs with different permanent account numbers
The move comes in the wake of second wave of Covid-19 pandemic, restrictions imposed by various state governments, Sebi said
People in the know said the regulator could water down the circular following challenges highlighted by the industry with regards to its implementation
Markets regulator Sebi is looking to appoint auditors for conducting forensic audits of financial statements of listed companies as part of efforts to curb frauds.
Vedanta Ltd on Friday said it is evaluating a Sebi order imposing a fine of Rs 5.25 crore on its erstwhile unit, Cairn India
The regulator said the new regulation will ensure ease of reference and language and also remove redundancies
With an aim to boost listing of start-ups, markets regulator Sebi has notified a slew of relaxations to norms
The move comes after Sebi received representations from debenture trustees in this regard, the regulator said in a circular
New compensation rule for AMCs is illogical
The securities market regulator SEBI has relaxed several compliance norms for listed companies and market participants
Among the most important tweak sought by the industry will be to reduce the ambit of 'key employees'