REITs are investment trusts that pool investor money to buy real estate such as office buildings, shopping malls and rental housing.
Sebi is considering a few measures that could act as speed breakers to this sophisticated system that executes trades at lightning speed.
Following the government nod, BNY Mellon filed with the US SEC to create un-sponsored DR programmes of certain listed Indian companies.
The number of investors in each rights issues were in excess of 49, thus requiring them to follow Sebi norms on issue of capital and disclosure requirements.
The new rules would be with immediate effect for all new schemes launched from now onwards while it would be applicable for existing ones from July 1.
Regulators in India’s capital markets have been the direct outcome of scams, which were the result of loopholes and the lack of an authority to enforce rules.
In an ex-parte interim order, the regulator on Tuesday also barred National Steel and Agro Industries from dealing in the securities market.
Sebi has asked NCDEX to consider forensic report by an external agency appointed to run an audit on castor default and take action against senior management.
Large listed companies would have to disclose their dividend distribution policies in their annual reports and on their websites.
The 64-year-old businessman has collaborated with Oberoi to rev up the Indian-themed brand, Yantra, which now has the star chef's name attached to it.
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