Sebi lays out guidelines for listing of SMEs, start ups
Posted Date : 25-Oct-2013 , 08:17:33 am | Posted By CASANSAAR
Market regulator Sebi today issued detailed guidelines, including on eligibility criteria, for listing of start-ups and small and medium enterprises (SMEs) on stock exchanges without an initial public offer(IPO). The guidelines follow notification of new norms by Sebi e...
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Sebi asks additional disclosures under takeover regulations
Posted Date : 22-Oct-2013 , 08:08:54 am | Posted By CASANSAAR
Market regulator Sebi today asked entities acquiring substantial shares in listed companies to make additional disclosures regarding pledging of scrips, a move that will help investors to make an informed decision."In order to ensure that adequate disclosures are made to help investors in ...
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Sebi gets 70 applications under Investment Advisors Regulation
Posted Date : 20-Oct-2013 , 09:04:38 am | Posted By CASANSAAR
The Securities and Exchange Board of India (Sebi), which had directed all independent investment advisors to register with the regulator, according to the Investment Advisors Regulation, had received only about 70 applications, said Sebi Executive Director Ananta Barua.
He added from October 21, on...
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Sebi to issue corporate governance guidelines
Posted Date : 18-Oct-2013 , 07:52:29 am | Posted By CASANSAAR
The Securities and Exchange Board of India (Sebi) is likely to enact a new regulation to incorporate various provisions in the new Companies Bill. In order to beef up corporate governance practice among companies, the Companies Bill stipulates strict guidelines on appointment of independen...
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Clarify NCD norms in new companies law: Sebi asks corporate affairs ministry
Posted Date : 17-Oct-2013 , 08:13:07 am | Posted By CASANSAAR
Market regulator Securities and Exchange Board of India (SEBI) has asked the corporate affairs ministry to clarify the applicability of the new companies law on firms with listed non-convertible debt securities or NCDs. Companies like HDFC, Power FinanceCorporation, Sundaram Finance a...
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SEBI panel bats for woman directors in companies
Posted Date : 16-Oct-2013 , 08:25:14 am | Posted By CASANSAAR
Companies will now have to explain why they do not have a woman director on their boards.
Companies should at least have one director, preferably independent, on board, according to SEBI’s Primary Market Advisory Committee (PMAC).
The move is to enrich the diversity of compan...
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Sebi proposes tougher norms on insider trading, illegal money raising
Posted Date : 15-Oct-2013 , 08:06:01 am | Posted By CASANSAAR
Sebi proposed new norms for settlement of administrative and civil proceedings against suspected market defaulters, except in cases of serious violations like illicit pooling of funds from investors, insider trading and fraudulent and unfair trades. The list of violations that can't b...
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Sebi working on guidelines for social media use in capital mkt
Posted Date : 13-Oct-2013 , 07:33:39 pm | Posted By CASANSAAR
SEBI is looking to frame guidelines to check the possible misuse of social media in capital markets so as to protect investor interest.
The move is a part of efforts to curb manipulative practices in the market through the use of social media.
That apart, with increasing popula...
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Sebi plans regulation to make sure companies implement disclosures
Posted Date : 11-Oct-2013 , 08:39:32 am | Posted By CASANSAAR
The Securities and Exchange Board of India (Sebi) plans to make companies making disclosures in stock exchanges stick to them. Sebi has found that companies sometimes make announcements that send the stock prices soaring but the actual implementation of those remains unfinished for years.
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SEBI to accept UIDAI electronic KYC as address, identity proof
Posted Date : 09-Oct-2013 , 08:20:30 am | Posted By CASANSAAR
Market regulator Sebi today said it will accept e-KYC (Know Your Client) service of UIDAI as a valid proof of identity and address for opening accounts with brokerage firms, mutual funds, portfolio managers and other capital market entities. 'Aadhaar...
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Sebi approves new regulations for overseas investors
Posted Date : 05-Oct-2013 , 09:20:20 pm | Posted By CASANSAAR
Market regulator Securities and Exchange Board of India (Sebi) today cleared the decks to move to a new and simpler investment regime for foreign portfolio investment in the country.
Sebi's board, which met today here, approved the draft Sebi Foreign Portfolio Investors (FPI) Regulations, 2013, to ...
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In a fillip to M&As, Sebi allows put & call options in shareholder deals
Posted Date : 04-Oct-2013 , 08:37:49 am | Posted By CASANSAAR
The Securities and Exchange Board of India (Sebi) has provided companies the flexibility of buying and selling of shares to private equity investors and strategic partners by changing rules on forward contracts.Sebi on Thursday removed restrictions that were more than a decade old and...
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Sebi study suggests stricter auditing of cos fin reporting
Posted Date : 02-Oct-2013 , 08:31:02 pm | Posted By CASANSAAR
Sebi commissioned study has called for stricter auditing of companies' financial reporting to ensure that management discretion is minimised and corporate earnings are not manipulated.
The study, conducted by independent experts for Sebi's Development Research Group, found that executives m...
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Thousands give test for Sebi's job call, but few shortlisted
Posted Date : 30-Sep-2013 , 07:38:19 am | Posted By CASANSAAR
In a massive response to Sebi's recruitment call to hire 75 officers, several thousands of the applicants appeared for a written test, but only 247 of them have managed to get shortlisted for personal interviews. Sebi has embarked upon a major recruitment drive to carry out its n...
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Sebi streamlines norms for Stock Brokers
Posted Date : 28-Sep-2013 , 06:23:43 pm | Posted By CASANSAAR
Capital market regulator Sebi on Friday streamlined its norms for stock brokers including for their registration and payment of fees.The Securities and Exchange Board of India (Sebi) said any person seeking to act as a stock broker is required to be registered with the regulator ...
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Unlisted companies can now directly list abroad
Posted Date : 28-Sep-2013 , 08:06:15 am | Posted By CASANSAAR
In a conscious bid to shore up dollar inflows in the wake of a widening current account deficit (CAD), the government on Friday permitted unlisted companies to directly list on stock exchanges abroad without prior or simultaneous listing on Indian bourses.
Hitherto, unlisted companies incor...
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SEBI mulls new norms for CEO pay, whistleblower policy
Posted Date : 22-Sep-2013 , 06:32:53 pm | Posted By CASANSAAR
In a major overhaul of corporate governance norms, SEBI will soon put in place stringent checks against unjustifiable CEO salaries at listed companies and ask them to adopt a whistle-blower policy to protect the employees exposing any wrongdoings by the top management.
The capital market regulator ...
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Sebi inspects brokers on money laundering, terror funding
Posted Date : 16-Sep-2013 , 08:17:31 am | Posted By CASANSAAR
Stepping up its fight againstmoney laundering and terror funding throughcapital markets, Sebi inspected more than 200 stock brokers and sub-brokers during the last fiscal to check any possible non-compliance. This marks a significant jump from total ...
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SEBI finalises easier rules for foreign investors
Posted Date : 13-Sep-2013 , 08:38:56 am | Posted By CASANSAAR
Market regulator SEBI will soon notify new rules to make it easier for foreign entities to invest in Indian markets following finalisation of the necessary regulatory changes by the government for a major overhaul of the existing regulations for overseas investments.
Under the new rules, wh...
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Sebi notifies rules to classify illegal collective investment schemes as fraud
Posted Date : 11-Sep-2013 , 08:27:51 am | Posted By CASANSAAR
Tightening the noose around entities running illegal collective investment schemes (CIS), the Securities and Exchange Board of India (Sebi) has notified new norms to classify such activities as frauds and impose penalties of up to three times of their profits.
Besides, the new rules expand the list...
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Sebi to adopt global norms for financial market infrastructures
Posted Date : 05-Sep-2013 , 10:16:55 am | Posted By CASANSAAR
To safeguard investors as well as the market from systemic risks emanating from Financial Market Infrastructures, Sebihas decided to adopt 24 standard global principles for such institutions.These principles will apply to all clearing corporations and depositories present in the Indian securiti...
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Sebi clamps down on launches of gold ETFs
Posted Date : 03-Sep-2013 , 08:11:45 am | Posted By CASANSAAR
Market regulator Sebi has clamped down on new launches of gold exchange traded funds (Gold-ETFs) as the product is seen to be fueling demand for the yellow metal and contributing significantly to the current account deficit. The market watchdog has turned down a number of applications for new gold E...
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Sebi induct 75 professionals in new search & seizure division
Posted Date : 30-Aug-2013 , 08:32:51 am | Posted By CASANSAAR
Market regulator Sebi is in the process of hiring 75 people, its biggest recruitment drive in a decade that comes amid a move to set up new divisions for search and seizure, and attachment of assets, among others, at a time the new securities law bill approved by the Lok Sabha gives i...
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Nasdaq glitch triggers review of Indian stock exchanges by Sebi
Posted Date : 24-Aug-2013 , 08:07:31 am | Posted By CASANSAAR
In the wake of an over three-hour technical glitch at the US bourse Nasdaq, the Securities and Exchange Board of India (Sebi) is reviewing trading and risk management systems at stock exchanges in India to reassure their robustness.
While the systems in place at leading Indian bourses a...
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Govt introduces Bill in Lok Sabha to amend SEBI laws
Posted Date : 13-Aug-2013 , 08:37:18 am | Posted By CASANSAAR
Government today introduced a bill in the Lok Sabha to replace the ordinance which sought to provide more powers to capital market regulator SEBI. The Securities Laws (Amendment) Bill, 2013, was introduced by Minister of State forFinance Namo Narain Meena. The Bill...
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Three European banks under SEBI scanner for round-tripping
Posted Date : 12-Aug-2013 , 04:35:09 pm | Posted By CASANSAAR
At least three large European banks' dealings with Indian companies and individuals are being probed for alleged round-tripping of funds by using certain multi-layered transactions in violation of Sebi norms.
It is suspected that some portfolio managers at these banks, which have significant presen...
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Sebi notifies buyback norms; cos must repurchase at least 50%
Posted Date : 09-Aug-2013 , 08:40:55 am | Posted By CASANSAAR
The norms aim at safeguarding the interest of public shareholders.
The companies will now have to complete their buyback offers within six months, from 12 months currently. Those not able to meet the target will be barred from launching another offer for a period of one year.
The Securitie...
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Sebi bars SMC Global from taking up new assignment for 3 months
Posted Date : 03-Aug-2013 , 08:48:33 am | Posted By CASANSAAR
Market watchdog Sebi today barred SMC Global Securities Ltd from taking up any new assignment for three months for violations related to reporting of margin and delay in collection of dues from trading members. The Securities and Exchange Board of India(Sebi), in its order, ...
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Sebi reduces FII debt limit utilisation period by 2 days
Posted Date : 01-Aug-2013 , 08:38:15 am | Posted By CASANSAAR
Securities and Exchange Board of India (Sebi) has reduced the time given for foreign institutional investors (FIIs) to utilise the debt limits purchased in auctions by two days.
Sebi has said foreign investors will be permitted to utilise the debt limits allocated to them during...
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Call data record is important evidence in fraud cases, says Sebi
Posted Date : 31-Jul-2013 , 08:26:31 am | Posted By CASANSAAR
Within days of the government notifying an ordinance empowering theSecurities and Exchange Board of India(Sebi) to seek call data records, a public interest litigation , is likely to come up for hearing before the Bombay High Court on Wednesday.The Indian Council of Investors, which h...
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