The applicants were called for a meeting with the internal committee (IC) of Sebi.
The interested bidders have been asked to submit their applications by July 29.
Registrars to an issue and share transfer agents(RTA) appointed by AIFs would have to collect the stamp duty on issue, transfer and sale of units of AIFs, the regulator said in a circular.
The decision was taken after receiving requests from portfolio managers and considering the prevailing business and market conditions.
The regulator has decided to extend the relaxations in a situation where FPIs are not in a position to send original and/ or certified documents.
The launch of rupee-dollar derivatives contract is expected to bring rupee trading home from other international financial centres
If permitted, the move could also help investors, who may be stuck in an illiquid market since some of them are trading below their sale price.
As per its preamble, Sebi is mandated to protect the interests of investors in securities as well as promote and regulate the securities markets.
In the last F&O inclusion in April, NSE had announced the introduction of SBI Life Insurance.
Sebi has extended People’s Bank of China’s foreign portfolio investor licence by three years
Sebi, which is in the process of auctioning the attached properties of AAL, said the same is being delayed due to the present lockdown.
The circular came after Sebi received representation from various stakeholders.
It’s extremely important for investors to track the insider activities in the company.
Sebi Chairman Ajay Tyagi apprised the industry leaders of various steps already taken by the market regulator and promised to look into the issues raised by them.
The due date for submitting the reports was May 31. Earlier, the deadline to submit the report on client funding was April 8, while the same for AI and ML applications was April 15.
"Shareholders will be allowed to e-vote for electing four directors from a list of five candidates as per the provisions of the SBI Act and SBI General Regulations, 1955," the bank said.
The decision comes after receiving a representation from stock exchanges, the Securities and Exchange Board of India (Sebi) said in a circular.
The relaxation has been given till May 3, the Securities and Exchange Board of India (Sebi) said in a circular.
At present, funds from jurisdictions that are FATF complaint were permitted to get a licence under properly regulated category or Category I.
Regulator Sebi on Wednesday said entities providing capital and debt market services will continue to remain operational during the nationwide lockdown.
The circular will come into force with immediate effect.
Going forward all categories of investors can hold equity in such exchanges.
In a conference call with CII, Tyagi apprised the industry leaders of various steps already taken by Sebi.
It will also ensure that both CBDT and Sebi have seamless linkage for data exchange.
The share prices of the company witnessed a sharp fall post the sale
Pharma and fertilisers sectors showed resilience, with positive quarterly revenue growth on yoy basis, largely due to their essential nature of service, said the Ind-Ra. It further said equity foreign portfolio investments saw a rebound to near pre-COVID levels during the first week of June 2020, reaching Rs 21,900 crore, whereas the debt segment saw a sell-off to the tune of Rs 1,600 crore.
India has seen an overall FPI outflow to the tune of 1.43 lakh crore, NSDL data showed.
The month of April saw some risk returning and therefore the P-note numbers went back up.
Until now, investment advisers would provide advisory as well as distribute financial products to the same client.
Sebi said an individual will have the option to register as an investment adviser.
The regulator said the circular would come into force with immediate effect.
Deep-pocketed Chinese companies — mainly state-owned — have been on the prowl.
The MoU comes into effect from Wednesday itself.
In six separate orders on Wednesday, Sebi said the company and the five individuals have settled the proceedings.
India will screen all foreign direct investment from countries with which it shares a land border.
Under Sebi norms, entities are required to make an open offer to the shareholders of a company in case their stakes go beyond a certain threshold.
The criteria for entering the risk-reduction mode for brokers with regard to operationalisation of the interoperability among clearing corporations has been revised.
The regulator has also eased compliance norms with regards to grandfathering of the existing unlisted NCDs, the Securities and Exchange Board of India (Sebi) said in a circular.
Market intermediaries have been asked to comply with anti-money laundering guidelines and obligation for combating terrorism financing.
The amount has to be paid along with 12 per cent interest within 45 days, the regulator said in its final order.
The agency is expected to review all the existing policies and SOPs
Through these actions, the markets regulator aims to blunt the criticism that not enough is being done to curb insider trading.
In 2018, a consortium that included Aion Investments and JSW Steel took over the debt-laden company.
An amount of Rs 6,74,688 each has been paid by Renugambal B, Swarnakumari R, Balakrishnan N and Srinivasan R, according to four separate Sebi orders.
Clear criteria for a company to qualify as a 'stressed company' have been laid down.
These were some of the key decisions taken by the capital markets regulator in its board meeting on Thursday.
Unlike the RBI-directed moratorium on payment of all bank ‘loans’, there is no uniform rating relief from the Securities and Exchange Board of India (Sebi) on ‘bonds’ floated by companies.
In its earnings statement for fourth quarter, Reliance Industries said this would be India’s biggest rights issue.
Sebi's observation is necessary for any company to launch public issues.
The preferential issue will be made to persons and entities that are not part of the promoter or promoter group.
Sebi plans to freeze Jhunjhunwala’s accounts to the extent of the alleged profits made.
Sebi is investigating whether there have been instances of circular trading in the two stocks, the two people said.
Sebi released the FAQs on stamp duty collection on Wednesday, with the provisions of the amended Indian Stamp Act coming into effect.
Some CEOs are not too gung ho about making WFH compulsory.
The regulator had conducted a probe in fund mobilization by Sheen Agro.
The relaxation has been extended till July 31, the Sebi said in a circular.
The regulator clarified that an off-market transfer of securities leads to change in ownership and not be treated as pledge.
Sebi had earlier decided that this investment will be made in growth option of the scheme.
This is the third instance when the regulator has extended the deadline for compliance.
A couple of serving and retired bureaucrats have also applied for the position, sources said.
The equity shares of the applicant are listed on Calcutta Stock Exchange Limited (CSE), Sebi noted.
The regulator said it has received requests from companies seeking a waiver on this requirement of a six-month cooling off period between two successive QIP issues.
Sebi recently published their report regarding the proposed SSE, and while it seems to be driven by holistic development, will it be enough to create a supportive ecosystem for this country's social sector?
The investment comes at a time when broader market witnessed significant downtrend amid fears of recession due to the coronavirus outbreak.
The committee said that over a period of time, securities laws violations have become complex and Sebi should prepare in advance for future challenges.
The clarifications have been given as part of an informal guidance sought by India Infrastructure Trust regarding certain aspects of InvITs Regulations.
The regulator levied a penalty of Rs 25 lakh each on Surana Corporation Ltd (SCL) and Surana.
Nigam has a farmhouse in Karjat, which is 62 kilometres away from Mumbai.
Apart from the firm, the regulator has barred its managing director G R Rao, his wife Bhagyalaxmi Rao and Indira Karkera, Vice President and client manager.
A penalty of Rs 5 lakh each has been levied on Devang Mukandray Patel, Sonal Devang Patel, Manishaben Maheshkumar Patel, Rajesh Kumar and Kishor Sharma.
Sebi said the "circular shall come into force with immediate effect."
Sebi also temporary relaxed the rules on pricing of preferential issues.
The watchdog has imposed a penalty of Rs 15 lakh on Neeraj Kumar Agarwal.
The tribunal directed the rating agency to deposit the amount with the regulator within four weeks.
The regulator has asked exchanges, depositories and debenture trustees to put in place necessary systems and infrastructure for implementation.
The regulator has also listed out specific conditions under which the approval to participate in the sandbox may be revoked.
Sebi received different perspectives on its discussion paper put out in April.
As part of efforts to streamline disclosure standards, the regulator in February put in place mandatory performance benchmarking of AIFs.
If Sebi has recovered any amount, it has to immediately refund such money, the tribunal added.
Subsequent to the share transfer, daughters names would be included in the promoter group category.
A limited registration will be granted for such testing, says Sebi.
Sebi said it will introduce an upper limit on the fees charged to clients by investment advisers.
The fine amount has to be paid by the entities jointly and severally.
Sebi has also directed these individuals to not alienate or dispose of their assets till the completion of the proceedings.
Intra-day trading contributes at least 50 per cent of most brokers’ daily transaction volume.
In addition, investors will be considered investors of only those specific schemes for which they have given approval.
Oswal proposes to gift all the equity shares held by him in PIMPL to Motilal Oswal Family Trust.
Besides, the regulator has introduced the concept of inducted sponsor that could be any company or LLP or body corporate.
The regulator had revised Market Wide Position Limit (MWPL) in March.
In an order, the regulator levied a fine of Rs 1 crore on Gurmeet Singh and Rs 20 lakh on I S Sukhija.
Reason: professional misconduct and unfair trade practices during delisting plan in 2014.
Sebi has also reduced the gap between two QIPs to two weeks.
The watchdog has slapped a fine of Rs 1.32 crore on Poonam Haresh Jashnani, Rs 93.24 lakh on Haresh Parmanand Jashnani and Rs 80.76 lakh on Varun Haresh Jashnani.
The regulator has invited public comments till July 7 on the suggestions made by the committee.
The suggestions are expected to increase mutual funds penetration (currently at 2%) in the country.
A Sebi-appointed panel on social stock exchanges had submitted its report to the watchdog.
The markets regulator had directed Malhoutra to deposit a sum of Rs 3.83 crore (including interest) in an escrow account towards notional loss allegedly avoided by him.
Sebi said that detailed investigation in the matter is in progress which may bring out additional roles of the entities, if any.
The company on Friday posted a net loss of Rs 41.24 crore for the quarter ended March 31.
The 17-member committee would be chaired by retired IAS officer Ashok Dalwani.
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