Page 2 - Securities And Exchange Board Of India

Sebi to auction assets of MPS Group, 5 others to recover investors' money

Sebi on Tuesday said it will auction 22 properties belonging to companies of MPS Group, Tower Infotech and four others on March 3 for a reserve price totalling Rs 91 crore in a bid to recover investors' money. Apart from MPS Group and Tower Infotech, the regulator has put on block properties of Vibgyor Group, Prayag Group, Multipurpose BIOS India Group and Waris Finance International Group. These companies had raised funds from investors without complying with regulatory norms. The 22 properties to be auctioned include land parcels, storied buildings, flats and a commercial space, situated across West Bengal, the Securities and Exchange Board of India (Sebi) said in a notice. Inviting bids, Sebi said auction of the properties will be conducted through online mode on March 3 during 11 am to 1 pm. Of the 22 properties to go under the hammer, 11 belong to MPS Group of companies; 3 each relate to Multipurpose BIOS India Group and Vibgyor Group of companies; two each are of Prayag Grou

Sebi mulls allowing PE funds to become sponsor of mutual fund house

The Securities and Exchange Board of India (Sebi) has sought comments from the public till January 29 on the proposals

OFCD issuance case: Sebi issues notice to Sahara Group firm, others

The notice came after the entities failed to pay the fine imposed on them by the Securities and Exchange Board of India (Sebi)

Sebi issues debt broker license to Zerodha-backed GoldenPi Technologies

The Securities and Exchange Board of India (Sebi) has issued a debt broker license to Bengaluru-based fintech firm GoldenPi Technologies. With the development, GoldenPi became the first online bond platform provider to receive a debt brokerage license from Sebi. Last year, the regulator introduced regulations for online debt trading platforms which stated that no company or individual shall act as an online bond platform provider without the certificate of registration as a stock broker under the SEBI Regulations, 2021. The awarding of the license by Sebi to GoldenPi is expected to work as a catalyst for greater investor trust in the online bonds and debentures investment space, the company said in a release. "We are extremely delighted to have received the license and are confident that this would incentivise more investors to invest in the debt market with utmost trust," said Abhijit Roy, CEO and co-founder, GoldenPi. Incorporated in 2017, the Zerodha-backed company currently of

Sebi allows govt stake in IDBI Bank to be reclassified as public post sale

The government, with a more than 45% stake in IDBI Bank, is currently classified as a co-promoter of the lender

Sebi fines DSP group firms Rs 1 lakh for charging TER from AMC books

Sebi noted the defaulters paid 0.09% expenses of the scheme out of 0.16% from their own books in case of DSP Nifty 50 ETF

BOI MF settles 'inter-scheme transfer' case with Sebi, pays Rs 3.93 cr

The fund house along with five individuals pay Rs 3.93 crore for the settlement

Sebi proposes regulatory framework for index providers, Rs 25 cr net worth

The regulator has floated a fresh consultation paper proposing provisions for eligibility, disclosures and audit

Sebi penalises clearing corporations for violations in Karvy Broking case

The broking firm had misused securities from clients through unauthorised pledging which were used to raise funds from several banks

Market volatility forces many companies to let go of their IPO plans

Industry players say some companies plan to re-file their DRHPs so that they can have another stab at listing

Sebi expands committees on cyber security and information systems

Last rejig of cyber security panel happened in September; decision to ramp up information systems panel follows difficulties faced by CDSL in settlement activities

Gandhar Oil Refinery files IPO with Sebi; issues equity worth Rs 357 crore

Gandhar Oil Refinery (India) Limited has filed preliminary papers with the capital markets regulator Sebi to raise funds through an initial public offering (IPO). The IPO comprises fresh issue of equity shares worth Rs 357 crore and an offer for sale (OFS) of 1.2 crore by promoters and existing shareholders, according to the draf red herring prospectus (DRHP). Fund raising through the OFS component is expected to be Rs 500 crore, market sources said. Those offering shares in the OFS include promoters Ramesh Babulal Parekh, Kailash Parekh and Gulab Parekh and other shareholders, Fleet Line Shipping Services LLC, IDFC First Bank Limited, Denver Bldg Mat & Dcor TR LLC and Green Desert Real Estate Brokers. Proceeds from the fresh issue component will be used for payment of debt and for purchase of equipment and civil work required for expansion in capacity of automotive oil at Silvassa plant. In addition, funds will be utilised for expansion in capacity of petroleum jelly and ...

Asset management companies fear 'transaction fee burden' on margins

Online mutual fund platforms are set to get a go-ahead to charge transaction fee

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Sebi board approves phasing out shares buyback through stock exchanges

Buybacks will be undertaken through a separate window on stock exchanges until then

Sebi to issue consultation paper for secondary market ASBA by March

Market regulator also working on new discussion paper for ESG rating providers

BS BFSI Insight Summit 2022: Sebi ex-chief Damodaran to inaugurate the expo

Known for his successful efforts in restructuring the erstwhile Unit Trust of India into UTI AMC and Specified Undertaking of UTI (SUUTI), Meleveetil Damodaran chaired Sebi from Feb 2005 to Feb 2008

BS BFSI Insight Summit 2022: Sebi member Ashwani Bhatia to speak at event

In the last six months with Sebi, he has delivered crucial orders in matters such as credit rating agencies, commodity brokers, and RTAs, among others

Share buyback and revamp of disclosure norms on Sebi board's agenda

New framework proposes enhancing amount companies can repurchase vis-a-vis free reserves

Sebi proposes major changes in investor grievance redressal mechanism

Along with making the process completely online, Sebi has suggested measures for reducing cost