The new rule is aimed at improving risk management and ensuring sufficient liquidity.
LIC and IDBI Bank both held stakes in NSE, but LIC’s holding was outside this rule.
Sitharaman in Budget had proposed a social stock exchange for social enterprises and voluntary organisations.
SAT sets aside imposition of the fee on ICAP India at the rate of 0.01 per cent of its turnover.
As per Sebi norms, equity mutual funds have a mandate to invest a minimum of 65 per cent of its assets in equity and equity-related instruments.
The regulator noted that Kotecha was part of a group comprising 12 entities which indulged in self trade by purchasing scrips.
IL&FS did not disclose to stock exchange the decision of its board dated July 21,2018 for raising equity capital by way of rights issue.
India had been among the most-expensive countries when it comes to expense ratios.
The raids in Delhi and Chandigarh come at a time when Trinamool Congress chief and West Bengal Chief Minister Mamata Banerjee is in the national capital and has met Modi and Shah.
Some big MFs ready to give Essel promoters three more months to repay, others against it.
In two separate settlement orders, the regulator said that adjudication proceedings initiated against the two entities are settled and disposed of.
Both have submitted firm offers and a final decision is due in the next couple of weeks. Actis, another global investor in the race, had backed out recently.
Equitas had also approached Sebi with a reverse merger proposal but was turned down.
Proceeds from the ETF will help the government meet its disinvestment target of Rs 1.05 lakh crore for the current fiscal.
The audit firm will have to submit the report to Sebi within six months from order date.
The category manages more money than most pure equity mutual fund categories, barring multi cap and large cap categories
The entities facing penalty are - Akashganga Agencies Pvt Ltd and Ajeit PS Rajbans HUF.
NSE and the people punished, challenged the order at the SAT on May 21.
The proposed move assumes significance in the wake of several auditor exits.
The startups want a revision in rules that govern the listing of startups on Indian stock exchanges.
Large & Mid cap funds are open-ended equity schemes that invest in both large cap and mid cap companies.
At 12.45, the IDBI Bank share price was down by 2.52 per cent at Rs 27.10.
The company came out with an initial share-sale in May 2011 to raise Rs 117 crore.
Multi cap mutual funds are open-ended equity schemes that can invest across large cap, mid cap and small cap stocks
Sebi said listed entities will be liable for punitive action in case of furnishing any false information.
In terms of volume, there were 14 NCD issues in the first five months of 2019-20.
NCCL was granted recognition to act as a clearing corporation for a period of one year.
Investments through P-notes has been declining since June.
The probe revealed that ICICI Bank failed to disclose the information regarding signing of the binding agreement to the stock exchanges in a timely manner.
Equitas Holding is already listed and it has 100% shares of the small finance bank.
RIL has got debt-ridden Alok Industries in its fold after the Ahmedabad bench of National Company Law Tribunal (NCLT) approved its Rs 5,050-crore resolution plan earlier this year in March.
The govt plans to appoint a high-level committee to look into merging the NRI and FPI routes.
What started with the collapse of IL&FS last year is still having ripple effects in the market.
Srei chairman Hemant Kanoria has written a letter to RBI Governor and Sebi chairman on Tuesday seeking this dispensation "on-tap".
Bajaj Finance said it will raise up to Rs 8,500 crore through qualified institutional placement.
The regulator said it plans to provide relevant links to the recommendations of registered proxy advisors to retail investors
What started with the collapse of IL&FS last year is still having ripple effects in the market.
Sebi's board in March this year approved a proposal to allow mutual funds and portfolio managers to trade in this segment.
Yes Bank, along with its compliance officer, has paid a total amount of Rs 66 lakh towards settlement charges.
The order follows an investigation conducted by Sebi between December 2014 and January 2016.
The overall customer base of UPI users is estimated to be more than 400 million.
Finance Minister Nirmala Sitharaman had on August 30 announced the consolidation of 10 state-run banks into four large-scale lenders.
11 firms have gone public collecting a total of Rs 10,300 crore through IPOs so far.
The Securities and Appellate Tribunal (SAT) on Monday quashed an earlier order of Securities and Exchange Board of India (SEBI) to ban Price Waterhouse, an affiliate firm of PwC India, from auditing listed companies for two years due to its role in Satyam fraud about a decade back.Satyam scam: SAT quashes Sebi order of banning PwC for two years from auditing
Panel has representatives from Sebi, RBI, and finance and corporate affairs ministries.
Some good stocks are pulling up certain indices, but most mutual fund schemes are staring at losses.
SAT ruling went on to add that Sebi in fact has no jurisdiction banning any audit firm.
Sun Pharma shares slip 4% after Sebi orders probe, close low at 415.90 on BSE.
In some cases, Sebi has resorted to further legal proceedings, depending on the gravity of the violation.
Shares of Sun Pharma closed at Rs 431, up 1.30 per cent on the BSE on Thursday.
Part of Anil Ambani group's plan to prune non-core assets after IL&FS crisis
Gangwal has complained to Sebi against certain statements made by the chairman and CEO of the airline company Rahul Bhatia.
The meeting comes at an important time as the government and Mint Road grapple with NBFC crisis.
Bajaj Energy's IPO comprises fresh issuance of shares worth Rs 5,150 crore and an OFS of Rs 300 crore.
The watchdog had withdrawn the minimum residual maturity restriction of three years for investment in government securities and state development loans.
The watchdog has been taking strict action against erring entities.
Investor interest for its cards business is very high, and SBI Card listing will happen in the March quarter, Rajnish Kumar said.
This comes after ITC Ltd. moved the tribunal against the market regulator's order rejecting its contention that the sale should not be allowed because of related-party transactions.
There is a long process involved. But the process is on as far as MMTC is concerned.
Yes Bank had reported 'Nil' divergences in its assets classification and provisioning from RBI norms.
Debt MFs have come under fire for investing beyond their capacity and not following the best risk practices.
Most of the G-sec issuances are concentrated in only a few maturity buckets, Tyagi said.
The regulator said the signing of ICA must be in the interest of investors and AMCs should take approval from their board and trustees.
Sebi had challenged the NCLT order of September 20, 2018, approving the resolution plan of Abu Dhabi-based BRS Ventures Investments for Assam Company.
It took Sebi around eight months to investigate the whistle blower complaint.
NSE has been directed to initiate enquiry against these two employees and submit a report to Sebi within six months from the date of the order.
The provisions of the June circular were to be applicable from September 1.
Nifty futures on the Singapore Exchange were trading 38.50 points higher at 10,880.50.
Sebi said an aggregate amount of Rs 15,438 crore has been recovered so far from Sahara.
The SBI study found that there are divergences on PD across rating firms.
Schemes with securities of troubled NBFC have to mark down value of holdings.
MNC stocks getting a premium due to their clean balance sheet and high level of transparency.
According to market sources, the IPO would be worth about Rs 500-600 crore.
Sebi said it has also decided to give flexibility to MFs to invest in unlisted NCDs up to a maximum of 10% of the debt portfolio of the scheme.
The tribunal let off the lender on censure for the violations, according to an SAT order.
Such companies even saw the foreign investors lowering there bets on them over a period of time.
CARE Ratings has asked its managing director and CEO Rajesh Mokashi to go on leave.
Sebi noted that the firm had issued 4.5 million GDR amounting to approximately Rs 96 crore on September 3, 2010.
EHL had also approached Sebi with a reverse merger proposal but the regulator turned down the request.
MSCI's broadest index of Asia-Pacific shares outside Japan was a tick lower at 515.4.
“Disgorgement without restitution does not serve any purpose,” it said, while delivering a judgement in the matter of Vital Communications earlier this month.
The two shareholders had sent a similar letter to the stock exchanges last month as well.
Sebi also considering allowing trading of new products like dollar-rupee derivatives in India’s first IFSC.
The exchanges would issue notice to the non-compliant listed entity to pay fine within 15 days from the date of the notice.
"India also must figure on the map of the global financial centres network," Tyagi said.
The overall growth for the bank will be in the 20-25% range.
Power Grid said it has bagged an inter-state power transmission project under a tariff-based competitive bidding.
Thursday’s offer was for non-retail investors, while both retail and non-retail investors will be allowed to bid on Friday.
Any sign of renewed strength in the economy should spell opportunity for investors to invest.
The company would need to have a profitablity/ networth track record of three years or at least 75% of its shareholding should be with QIPs.
The repurchase of shares by listed companies is governed by the Buyback Regulations of the Sebi as well as the Companies Act.
The lapses include advances to related and unrelated parties as well as liabilities of the company and the group potentially being understated by hundreds of crores of rupees.
Equitas Holdings had approached the regulator with a reverse merger proposal.
Sebi on Wednesday approved several recommendations made by the HR Khan Committee to simplify and rationalise the existing regulatory framework for foreign portfolio investors (FPIs) by easing operational constraints and compliance requirements. SEBI approves recommendations by HR Khan committe on FPI regulations
Whistle blowers in a company fraud will be rewarded 10% of the recovery, or a maximum of Rs 1 cr.
Sebi decided that the FPIs will be re-categorised into 2 categories instead of 3 currently.
Sebi, at a meeting scheduled today in Mumbai, is likely to take up issues relating to mutual funds, startup listing platform and buybacks.
The move could dim the popularity of products such as liquid schemes.
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