SEBI decides to permit the use of regulatory sandbox
Posted Date : 18-Feb-2020 , 09:27:35 am | Posted By CASANSAAR
Securities and Exchange Board of India (SEBI) has decided to permit the use of regulatory sandbox, a system that will allow live testing of new products, services and business models by market players on select customers. The decision was taken at SEBI’s board meeting held in Mumbai yesterday....
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SEBI rolls out system to detect misuse of client securities by brokers
Posted Date : 15-Feb-2020 , 10:02:20 am | Posted By CASANSAAR
Securities and Exchange Board of India (Sebi) on Thursday introduced a system to monitor and detect misuse of client securities by stock brokers, following the debacle at Karvy Stock Broking Ltd.
Under the new system, an online register will record brokers’ holdings of client securities, a ...
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Govt puts out advertisement for SEBI Chairman post
Posted Date : 27-Jan-2020 , 10:08:04 pm | Posted By CASANSAAR
The Union government released an advertisement inviting applications for the post of the chairman of Securities Exchange Board of India (Sebi). The advertisement, dated 24 January, comes weeks before current chairman's three-year tenure comes to an end in March this year.
Ajay Tyagi had assum...
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SEBI to hire independent agencies to dispose of attached assets
Posted Date : 22-Jan-2020 , 06:41:34 pm | Posted By CASANSAAR
To help it recover pending dues from defaulters, Sebi has decided to rope in independent agencies for conducting valuation and sale of assets attached by the capital markets watchdog. Inviting bids from the interested parties, Sebi said it has been initiating proceedings against various defaulters f...
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SEBI notifies norms, scraps upfront fees for portfolio management services
Posted Date : 22-Jan-2020 , 10:00:23 am | Posted By CASANSAAR
The Securities and Exchange Board of India (Sebi) notified its norms for portfolio managers on Tuesday, doubling the minimum investment amount to be taken from clients to Rs 50 lakh and asking such managers to raise their net worth to Rs 5 crore within three years of notification.
Under portfolio...
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SEBI comes out with disclosure format for listed debt securities
Posted Date : 18-Jan-2020 , 09:41:07 am | Posted By CASANSAAR
Markets regulator Sebi on Friday came out with a disclosure format for listed companies which have issued debt securities, under which they need to disclose on half-yearly basis about deviation in the use of proceeds from the objects stated in the offer documents.
The first such submission should...
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SEBI defers deadline to split chairman & MD post by 2 years
Posted Date : 14-Jan-2020 , 08:13:17 am | Posted By CASANSAAR
Markets regulator Sebi has deferred by two years to April 2022 its directive for listed companies to split the roles of chairman and managing director in view of demand from corporates, and to keep compliance burden lower in the wake of the current economic scenario.
Under the Sebi norms, the top...
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SEBI comes out with system audit framework for exchanges, clearing corporations
Posted Date : 08-Jan-2020 , 10:30:37 am | Posted By CASANSAAR
In order to keep pace with the technological advancements in the securities market, Sebi on Tuesday came out with new framework on system audit for market infrastructure institutions (MIIs), stock exchanges, clearing corporations and depositories, wherein they need to inform about major non-complian...
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SEBI issues new framework for core settlement guarantee fund, non-defaulting members
Posted Date : 04-Jan-2020 , 08:23:29 am | Posted By CASANSAAR
Markets regulator Sebi on Friday came out with a new framework for core settlement guarantee fund and liability of non-defaulting members of clearing corporations.
The move has been taken following deliberations made by Sebi's risk management review committee and various stakeholders.
A co...
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SEBI penalises CARE and ICRA on lapses in rating IL&FS
Posted Date : 26-Dec-2019 , 10:22:59 pm | Posted By CASANSAAR
Securities and Exchange Board of India (Sebi) in two orders passed on Thursday evening found credit ratings agencies or CRAs lapsing and lacking in conduct when they rated the Non Convertible Debentures or NCDs of Infrastructure Leasing and Financial Services Ltd (IL&FS).
In a rare instance t...
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SEBI issues format for statement of deviation
Posted Date : 25-Dec-2019 , 08:40:49 am | Posted By CASANSAAR
Sebi on Tuesday issued a format for statement of deviation in funds raised to be submitted by the listed entities to stock exchanges on a quarterly basis.
The format comes after Sebi noted that there is no uniformity in the formats of statement of deviation or variation in proceeds of public issu...
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SEBI slaps Rs 8 crore fine on PC Jeweller promoters for insider trading
Posted Date : 18-Dec-2019 , 09:28:49 am | Posted By CASANSAAR
arkets regulator Sebi on Tuesday imposed a total fine of over Rs 8 crore on Shivani Gupta, Sachin Gupta, Amit Garg and Quick Developers Pvt. Limited for violating insider trading rules in PC Jeweller case.
“A sum of Rs 6,17,60,184.13 shall be impounded jointly and severally, from Shivani Gu...
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SEBI bans Auditor for one year in Coral Hub case
Posted Date : 17-Dec-2019 , 09:47:32 am | Posted By CASANSAAR
Regulator Sebi has imposed a one-year ban on CA Firm from auditing any listed company for preparing fake and inflated financial results of Coral Hub Ltd.
Besides, K P Joshi, proprietor of the audit firm, has also been barred for one year.
The regulator has restrained listed companies and regis...
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SEBI provides relaxation on group exposure limit for MFs
Posted Date : 11-Dec-2019 , 09:07:18 am | Posted By CASANSAAR
Debt-oriented mutual fund schemes that have more than 10 per cent exposure to their sponsors' group companies before October 1 have been allowed to continue with such investments till respective maturity dates. Markets regulator Sebi's decision to provide such an exemption comes against the ...
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SEBI refuses any interim relief to Karvy Stock Broking Ltd
Posted Date : 30-Nov-2019 , 10:07:14 am | Posted By CASANSAAR
Hours after the Securities Appellate Tribunal (SAT) directed markets regulator to examine Karvy Stock Broking Ltd (KSBL) request on limited use of Power of Attorney or PoA, Securities and Exchange Board of India (Sebi) rejected an interim relief.
In a late night Friday order, a whole-time member ...
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SEBI issues guidelines for preferential issue by listed REITs
Posted Date : 28-Nov-2019 , 08:41:00 am | Posted By CASANSAAR
The Securities and Exchange Board of India (Sebi) on Wednesday issued guidelines for preferential issue of units and institutional placement of units by a listed Real Estate Investment Trust (REITs).
The regulator said a listed REIT may make a preferential issue of units or an institutional place...
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SEBI bars Brokerage Karvy over alleged misuse of client funds
Posted Date : 27-Nov-2019 , 10:07:06 am | Posted By CASANSAAR
A ban by market regulator Securities and Exchange Board of India (Sebi) on Karvy Stock Broking from taking on new clients and executing trades for allegedly misusing client securities has unnerved the country's retail investors.
Sebi barred Karvy on Friday after a preliminary investigation by...
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SEBI approves stricter disclosure norms for listed companies
Posted Date : 21-Nov-2019 , 10:44:09 am | Posted By CASANSAAR
The Securities and Exchange Board of India, SEBI, has approved stricter disclosure norms for listed companies.Accordingly, in case of default in repayment of loans beyond 30 days, listed companies will have to disclose the fact of such default within 24 hours.SEBI Chairman Ajay Tyagi hoped that the ...
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SEBI issues directions on margins collection in cash segment
Posted Date : 20-Nov-2019 , 11:08:09 am | Posted By CASANSAAR
Markets regulator Sebi on November said trading and clearing members should compulsorily collect upfront certain margins from their clients in the cash segment.
The watchdog has issued a circular on 'Collection and reporting of margins by Trading Member (TM) /Clearing Member (CM) in Cash Segm...
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SC stays SAT's order holding that SEBI lacks power to bar auditors
Posted Date : 19-Nov-2019 , 09:10:15 am | Posted By CASANSAAR
The Supreme Court on Monday stayed an order of the Securities Appellate Tribunal (SAT) which had held that markets' watchdog SEBI does not have the power to bar auditors.
A bench comprising Justices Arun Mishra and Indira Banerjee also issued notice on the appeal filed by the Securities and E...
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SEBI issues circular on Aadhaar e-KYC for investors
Posted Date : 06-Nov-2019 , 11:01:48 am | Posted By CASANSAAR
Sebi on Tuesday issued a detailed circular regarding the process to be followed for Aadhaar-based electronic KYC exercise for domestic investors.
The circular mentions about the requirements to be fulfilled by entities registered with the UIDAI as KYC User Agency (KUA) as well as for sub-KUA.
...
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Three banks report NPA divergence a day after SEBI directive
Posted Date : 03-Nov-2019 , 08:38:17 am | Posted By CASANSAAR
A day after market regulator Sebi put in place tighter disclosure norms, Lakshmi Vilas Bank and two other lenders on Friday reported divergence in their bad loans for the last fiscal ended March 2019.
Sebi on Thursday had directed all listed banks to disclose any divergence in bad loan provisioni...
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SEBI tightens norms for public Banks on bad loan disclosures
Posted Date : 01-Nov-2019 , 09:05:35 am | Posted By CASANSAAR
Putting in place a stricter framework, Sebi on Thursday directed all listed banks to disclose any divergence in bad loan provisioning within 24 hours of receiving RBI's risk assessment report, rather than waiting to publish the details in their annual financial statements.
In recent months, t...
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SEBI moves SC against SAT's order in PwC case
Posted Date : 23-Oct-2019 , 10:51:07 am | Posted By CASANSAAR
The Securities and Exchange Board of India (Sebi) has appealed in the Supreme Court against the Securities Appellate Tribunal (SAT) order in the Price Waterhouse (PW) case. On September 9, the tribunal had quashed the order passed by the regulator against the global audit firm for its role in the Sa...
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SEBI might investigate whistle-blowers' complaints on Infosys
Posted Date : 23-Oct-2019 , 10:15:30 am | Posted By CASANSAAR
The Securities and Exchange Board of India (SEBI) may seek clarification from Infosys' management on charges level levelled by the whistle-blower.
Unnamed whistle-blowers on behalf of employees wrote to the US-based office of the Whistleblower Protection Program on October 3 alleging wilful m...
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SEBI lays down stricter norms for Statutory Auditors
Posted Date : 21-Oct-2019 , 08:56:15 am | Posted By CASANSAAR
Regulator Sebi put in place stricter norms for auditors, including prompt disclosures about reasons for their resignation and requirement to approach chairman of audit committee directly in case of any concerns with management of the firm concerned. The norms have been issued against the backdrop of...
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SEBI issues cybersecurity framework for KYC Registration Agencies
Posted Date : 16-Oct-2019 , 11:12:16 am | Posted By CASANSAAR
Amid concerns over possible data breaches, markets regulator Sebi on Tuesday put in place a detailed cybersecurity framework for KYC registration agencies, requiring them to define responsibilities of employees, including outsourced staff, who have privileged access to networks. Besides, the watchdo...
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SEBI announces guidelines for issue of depository receipts by Indian Companies
Posted Date : 12-Oct-2019 , 08:31:33 am | Posted By CASANSAAR
The Securities and Exchange Board of India (Sebi) has put in place a framework for domestic companies to raise capital by issue of so-called depository receipts (DRs). The move, which follows a budget announcement in this regard, will allow listed Indian companies to issue either equity, or debt, to...
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SEBI allows Mutual Funds to invest in unlisted NCDs
Posted Date : 02-Oct-2019 , 09:32:05 am | Posted By CASANSAAR
Markets regulator Sebi on Tuesday allowed mutual funds to invest in unlisted non-convertible debentures (NCDs) up to a maximum of 10 per cent of the debt portfolio of a scheme in a phased manner.
This would be subject to such investments in unlisted NCDs having simple structures (with fixed and u...
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SEBI asks mutual funds to invest in listed equity securities
Posted Date : 27-Sep-2019 , 08:21:42 am | Posted By CASANSAAR
With an aim to safeguard mutual fund investors from high-risk assets, regulator Sebi has asked asset management companies to make all their investments in listed or to-be-listed equity securities.
The new framework comes after the board of Securities and Exchange Board of India (Sebi) approved a ...
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