The museum is intended to be a visual online organised collection of history of evolution, achievements and milestones in the Indian securities market over the decades in terms of market infrastructure.
The Appointments Committee of the Cabinet, headed by Prime Minister Narendra Modi, has approved extension of Tyagi’s term until February 28, 2022. His tenure would otherwise have ended at the end of this month.
The government had earlier this year granted a six-month extension to Tyagi, ahead of the expiry of his three-year tenure on March 1. Tyagi took charge from his predecessor, U K Sinha, on March 1, 2017.
Markets regulator Sebi will auction properties of Royal Twinkle Star Club and Citrus Check Inns on August 14 at a reserve price of over Rs 68 crore.
Sebi has barred Money Increase, Venture Revenue and two individuals from the capital markets for providing unauthorised investment tips and falsely promising assured returns to investors.
Markets regulator Sebi on Thursday said it has lined up as many as 18 properties of Asurre Agrowtech Ltd for an auction on August 30.
As per Sebi rules, a listed company is required to submit its quarterly, half year and annual financial results within 45 days or sixty days as applicable from the end of each quarter or half year or financial year.
The decision has been taken in view of the prevailing situation due to the COVID-19 pandemic and partial lockdowns in various areas of the country.
The regulator has come out with host of measures to make it easier for corporates to raise funds as many companies are facing various challenges due to the pandemic.
On March 20, the regulator had come out with various measures, including revision of market wide position limit, to ensure orderly trading and settlement to contain high market volatility.
Extending the time period for compliance, the finance ministry amended the Securities Contracts (Regulation) Rules to allow companies three years to attain the minimum public shareholding, effective from July 31.
The case relates to four schemes of Taurus AMC which had exposure in debt securities issued by Gautam Thapar-run paper maker Ballarpur Industries( BILT). The company defaulted on their payment obligation in February 2017.
The markets regulator said the move will enhance the transparency and disclosure pertaining to debt schemes and investments by mutual funds in corporate bonds and commercial papers.
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.
The contracts of the three commodities, expiring in October and November 2020, would be available for trading from July 27 onwards, the exchange said in a statement.
The Securities and Exchange Board of India (Sebi) in November 2019 had said trading and clearing members should compulsorily collect upfront certain margins from their clients in the cash segment.
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.
Issuers of municipal debt securities will have to disclose all borrowings and revenue grants details of the last three years in the offer document, markets regulator Sebi said in a guidance note.
MCX had a successful potato futures contract, few years ago, but it lost liquidity over a period of time due to which Forward Markets Commission, then regulator of the commodity derivatives market
The launch of rupee-dollar derivatives contract is expected to bring rupee trading home from other international financial centres
Tyagi called for issuing government securities in demat form so that the newer investor can also access the risk-free instrument.
NSE and BSE operate corporate bond platforms but those are merely systems for reporting corporate bond deals. Sebi is looking to create a platform that automatically does order matching similar to stocks and government securities, said three people familiar with the development.
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.
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.
As per its preamble, Sebi is mandated to protect the interests of investors in securities as well as promote and regulate the securities markets.
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.
In the last F&O inclusion in April, NSE had announced the introduction of SBI Life Insurance.
The decision has been taken after receiving representations from investors, trading members (TMs) or clearing members (CMs) and stock broker associations.
It’s extremely important for investors to track the insider activities in the company.
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.
Industry officials said many fund houses have recommended widening the scope for investments in large- and mid-cap shares, which would automatically shrink the small-cap space.
The decision comes after receiving a representation from stock exchanges, the Securities and Exchange Board of India (Sebi) said in a circular.
The decision, aimed at streamlining the operations of IFSC, has been taken after consultation with stakeholders, the Securities and Exchange Board of India (Sebi) said in a circular.
Sebi said instead of issuing settlement notice under the regulations, a paragraph will be included in the show cause notice informing the noticee about the option to file a settlement application.
An investigation was conducted into the shares of Kavveri Telecom Products Ltd (KTPL) for the August 1, 2012 to November 5, 2012 period.
The company is looking to raise up to Rs 4,500 crore and the price band is fixed between Rs 274-275 per unit. It will be the country’s second-ever REIT offering after Embassy Office Parks REIT in April 2019.
Sebi said proxy advisers, over the past few years, have played a key role in enabling shareholders to effectively participate in corporate governance decisions.
At present, funds from jurisdictions that are FATF complaint were permitted to get a licence under properly regulated category or Category I.
The relaxation has been given till May 3, the Securities and Exchange Board of India (Sebi) said in a circular.
The circular will come into force with immediate effect.
Regulator Sebi on Wednesday said entities providing capital and debt market services will continue to remain operational during the nationwide lockdown.
"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.
At present, rules require promoters to disclose details of their encumbered shares.
The SAST (Substantial Acquisition of Shares and Takeover) Regulations requires promoters of a company to disclose details of their encumbered shares.
Earlier, this relaxation was given for rights issues opening till July 31.
In a conference call with CII, Tyagi apprised the industry leaders of various steps already taken by Sebi.
Sebi found that Max Capital is not registered with the regulator to provide investment advisory services.
The regulator said it had observed that out of the 21,652 entities that executed such trades, 14,720 were involved in generation of artificial volume by executing non-genuine and reversal trades on the same day.
The case relates to RCom’s default on the repayment of almost Rs 385 crore in early 2017.
The acquirer may have the flexibility to publish the dispatch advertisement in additional newspapers, over and above those required under the respective regulations.
In a settlement order, Sebi said, "the defaults...are settled qua the applicant (Nanda)".
The regulators are seeking details on quantum of companies that have either been downgraded or where outlook has been termed negative in the last few months owing to Covid-19 related impact.
The criteria for entering the risk-reduction mode for brokers with regard to operationalisation of the interoperability among clearing corporations has been revised.
India has seen an overall FPI outflow to the tune of 1.43 lakh crore, NSDL data showed.
Deep-pocketed Chinese companies — mainly state-owned — have been on the prowl.
In absence of the declared results, investors, financial analysts and media would attempt to come up with their own guesses about companies’ performances, which may be less reliable and potentially speculative information, he said.
The month of April saw some risk returning and therefore the P-note numbers went back up.
Market intermediaries have been asked to comply with anti-money laundering guidelines and obligation for combating terrorism financing.
Going forward all categories of investors can hold equity in such exchanges.
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.
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
India will screen all foreign direct investment from countries with which it shares a land border.
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.
The portal for investors to view status of their claim application has been operational from January 24.
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.
Sebi observed that the firm through its website, prima facie, offers investment advice related to investing in, purchasing and selling in securities and is also offering various investment packages for subscription.
“Sebi wants the auditor to verify whether there was any misuse of the books of accounts or funds of sale proceeds or compromise of minority shareholder interest,” said one of the people.
At the heart of the dispute is an order passed by the Securities and Exchange Board of India (Sebi) in February appointing Verma & Verma to conduct an independent valuation and recommend an open offer price afresh, rejecting the one made by Vista.
During the span of investigation, Sebi observed that Saraogi had entered into off-market trades in shares of JMFL and transferred 41,246 shares to his mother-in-law in December 2013.
The regulator clarified that an off-market transfer of securities leads to change in ownership and not be treated as pledge.
A couple of serving and retired bureaucrats have also applied for the position, sources said.
Under the norms, listing of such debt securities require an issuer to submit its latest audited financials which should not be older than six months.
Sebi's observation is necessary for any company to launch public issues.
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 it has received requests from companies seeking a waiver on this requirement of a six-month cooling off period between two successive QIP issues.
The issuer of structured products or market-linked debentures (MLDs) will have to hire the agency for the valuation of such products.
The regulator said the circular would come into force with immediate effect.
The investment comes at a time when broader market witnessed significant downtrend amid fears of recession due to the coronavirus outbreak.
Nigam has a farmhouse in Karjat, which is 62 kilometres away from Mumbai.
This process allows other potential suitors to make a counteroffer, after which the first investor, in this case Tube Investment, will have the option to match the highest bid.
Some CEOs are not too gung ho about making WFH compulsory.
The four persons had filed an application with the regulator proposing to settle the case.
RBI has asked Sebi to hand over details of such partly funded FDRs as the arrangement poses a threat to the system, said a person with direct knowledge of the matter. Separately, Sebi is also independently examining the issue after noticing that brokers were providing funded FDRs as collateral.
Under market norms, listed companies need to use a trading window to monitor transactions by designated persons in a bid to prevent insider trading.
Sebi also asked the NSE to appoint an independent auditor or audit firm within 30 days for conducting a detailed forensic audit of the company's books of accounts to confirm misutilisation of the IPO proceeds.
The MoU comes into effect from Wednesday itself.
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.
The action has come in a matter of unregistered investment advisory activity wherein three individuals -- Rishabh Jain, Ubaidur Rahman and G Kadar Hussain (noticees) -- had violated Sebi norms.
The newest entrant is venturing into equity broking at a time when first-time investors are flocking to stock market investing and trading as work from home amid the Covid-19 pandemic has gained traction.
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.
These were some of the key decisions taken by the capital markets regulator in its board meeting on Thursday.