Page 22 - Securities And Exchange Board Of India

To strengthen conduct, Sebi asks investment advisers to do risk profiling

The Securities and Exchange Board of India (Sebi) noted that investment advisers (IAs) are providing advice on a free trial basis without considering risk profile of the client

IL&FS case: Sebi fines ICRA, CARE Rs 2.5 mln each for poor due diligence

Markets regulator Sebi on Thursday imposed a penalty of Rs 25 lakh each on rating agencies ICRA and CARE for failing to exercise "due diligence" while assigning credit rating to the non-convertible debentures of IL&FS. Sebi also said the default by IL&FS occurred due to "lethargic indifference and needless procrastination and laxity" of these rating agencies. The case relates to the default committed by IL&FS and its subsidiary IL&FS Financial Services on their obligations in respect of the commercial paper, inter-corporate deposits (ICDs), as well as on interest payments related to the non-convertible debentures (NCDs). The regulator undertook an examination with respect to the role of the credit rating agencies (CRAs), including CARE Ratings Ltd and ICRA Ltd, in assigning rating to various NCDs of Infrastructure Leasing and Financial Services (IL&FS). According to Sebi, IL&FS and its group companies' financial parameters, especially short-term borrowings, ...

No due diligence, Sebi slaps Rs 5 lakh on ICICI Pru Trust, ICICI Pru AMC

The regulator noted that investments were made in companies other than those in the FMCG industry which was against the mandate of the scheme and in violation of Sebi's rules

Sebi comes out with new mechanism to reward whistleblowers, informants

Insider trading refers to trading of securities while in possession of Unpublished Price Sensitive Information (UPSI) about the particular securities

Sebi asks InvITs to file draft papers 30 days before opening of issue

The draft placement memorandum shall be filed through a Sebi registered merchant banker, the markets watchdog said in a circular

Karvy fallout: Sebi plans tighter norms to protect mutual fund investors

Regulator proposes discontinuing of pooled accounts, to protect investors

Sebi signs pact with Kazakhstan-based AFSA for mutual co-operation

The MoU was signed by Chairman of Sebi Ajay Tyagi and the acting chief executive officer of AFSA Mukhtar Bubeyev

Sebi approves CDSL proposal to set IFSC branch in Gujarat's GIFT City

Central Depository Services (India) Ltd on Monday said it has received approval from markets regulator Sebi for setting up its IFSC (International Financial Services Centre) branch at the GIFT City in Gujarat. CDSL will be the first depository to launch its branch operations from the precincts of IFSC in the GIFT city. "Adding to the list of many firsts, CDSL besides being the first listed depository in India would also be the first depository to set-up its branch at the IFSC Center at GIFT City. We are fully committed to bring in the world class sophistication and services in the products as permitted from time to time. "Additionally, I am sure that it would contribute to the development of the market with the introduction of delivery-based trading to the existing suite of the products traded on the exchanges at the IFSC Center. It would also enable issuers to list their issuances like bonds & depository receipts thereby enhancing the value proposition for the IFSC Center," Nehal

FDA observation, forensic audit by Sebi may keep Sun Pharma under pressure

Halol plant observations add to worries on the extent of upsides from specialty drugs

AMCs can give management, advisory services to fairly regulated FPIs: Sebi

In September, the regulator broad-based the classification for FPIs and simplified their registration process

HNIs curb flows to long-short AIFs as higher taxation pinches

Sebi data shows that commitments raised by category-III AIFs in September quarter were down 10% QoQ

HDFC AMC takes 35% markdown on Simplex exposure after rating falls to 'D'

HDFC Credit Risk Fund had Rs 124 crore of exposure to the NCDs of the company

BMA Wealth investors stage protests, demand Karvy-like refund action

Investors said while Sebi acted swiftly in the case of Karvy, it has done nothing to address their problem

Sebi gives LIC, SBI, BoB until Dec 2020 to bring UTI AMC stake below 10%

LIC, SBI and BoB are also sponsors of UTI AMC and hold more than 10 per cent stake individually in the AMC and trustee company of UTIMF

Sebi not to act on complaints without documents, identity disclosure

The Securities and Exchange Board of India (Sebi) in a statement said, it will not take any action on complaints, where it is not able to reach back to the complainants

Sebi proposes tighter disclosure, performance reporting norms for AIFs

The benchmarking report would have to be provided along wherever the performance of the AIF is disclosed

Sebi scans matrimonial website to nail fraudster in front-running case

Bars Fidelity employee and family members from stock market for allegedly pocketing illegal gains

ICICI Venture Funds, 4 others pay over Rs 5.2 cr to settle case with Sebi

India Advantage Fund III, India Advantage Fund IV, Dynamic India Fund III and Dynamic India Fund IV are the other four entities besides ICICI Venture Funds Management that have settled the case

No interim relief for Karvy as Sebi refuses permission to enrol new clients

The Securities and Exchange Board of India (Sebi) order also highlighted the alleged misuse of power of attorney (PoA) by Karvy

Sebi allows clearing firms to invest in overnight funds; sets limit at 10%

Overnight funds are open-ended debt mutual fund schemes that invest in securities with a maturity of one day