SEBI bans more than 900 firms suspected to be platforms for tax evasion
Posted Date : 23-Jul-2015 , 03:45:29 pm | Posted By CASANSAAR
Suspecting tax evasion of at least 5,000 to 6,000 crore rupees, Securities and Exchange Board of India (SEBI) has clamped down on a large number of organised syndicates who had set up shops to convert black money into legitimate-looking funds through the stock market platform.
Sebi Chairman UK Si...
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SEBI asks AIFs to give full disclosure on Associates
Posted Date : 21-Jul-2015 , 08:22:53 am | Posted By CASANSAAR
Alternative investment funds (AIFs), having foreign entities as "associates", are rattled by the latest Securities and Exchange Board of India (Sebi) directive to disclose the entire disciplinary history of sponsors, managers, directors, partners, promoters and associates in their placemen...
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SEBI may take action against companies for not hiring female director
Posted Date : 16-Jul-2015 , 07:21:32 am | Posted By CASANSAAR
Market regulator Sebi may take action against companies who have not appointed women directors on their boards to meet the requirements of the new Companies Act.
Earlier this week, stock exchanges fined over 500 listed companies who had not complied. "As per the provisions of the Sebi circul...
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SEBI |
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SEBI Set to Overhaul Disclosure Norms for Better Monitoring
Posted Date : 13-Jul-2015 , 09:07:10 am | Posted By CASANSAAR
Capital markets regulator Sebi will soon put in place a system-driven disclosure regime for listed companies, according to sources.
The move is expected to strengthen real-monitoring of insider-trading cases and detect other corporate governance-related lapses.
A working group formed by Se...
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SEBI asks govt to appoint Women Directors on PSU boards
Posted Date : 09-Jul-2015 , 08:01:42 am | Posted By CASANSAAR
To ensure parity between listed PSUs and their private sector peers, regulator SEBI has asked the government to fill all vacancies for women and independent directors at the central public sector enterprises.
All listed companies, whether PSUs or from private sector, are required to have at least...
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SEBI has power to regulate Global Depository Receipts: Supreme Court
Posted Date : 07-Jul-2015 , 07:06:57 am | Posted By CASANSAAR
The Supreme Court said on Monday that capital market regulator Securities and Exchange Board of India (Sebi) has the power to probe Global Depository Receipts (GDRs) sold by Indian companies, backed by local shares, to foreign investors and listed on overseas exchanges.
A bench comprising justice...
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SEBI asks 75 firms to restate a/c on Audit red-flags
Posted Date : 06-Jul-2015 , 07:51:51 am | Posted By CASANSAAR
Coming down heavily on companies where auditors have flagged serious lapses, regulator Sebi and stock exchanges have asked at least 75 listed firms, including Kingfisher Airlines and its parent UB Holdings , to restate their financial accounts after addressing these issues.
These...
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SEBI |
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Companies need to disclose OFS plans 2 banking days in advance: SEBI
Posted Date : 27-Jun-2015 , 07:53:51 am | Posted By CASANSAAR
In a move to increase retail investor participation and reduce volatility ahead of an offer-for-sale (OFS), securities market regulator SEBI on Friday tuned the procedure in sync with bank working days.
The Securities and Exchange Board of India has directed companies that opt for share sales t...
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Sebi makes IPOs cheque-free; unveils start-up listing norms
Posted Date : 24-Jun-2015 , 07:44:08 am | Posted By CASANSAAR
Ushering in a wave of technology-driven reforms, regulator Sebi on Tuesday allowed startups to list and raise funds with an easier set of norms within India, while it made investments cheque-free for all IPOs.
Besides, the regulator also fast-tracked the process of raising funds for companies thr...
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0 | Hits : 982
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SEBI issues new disclosure norms for ESOP schemes
Posted Date : 17-Jun-2015 , 01:31:53 pm | Posted By CASANSAAR
The Securities and Exchange Board of India (Sebi) issued a circular on detailed disclosure norms for listed firms while exercising employee stock options programmes (Esop) to address concerns regarding potential market abuse.
The norms stipulate that the compensation committee constituted by comp...
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Disclose securities held by Promoters, Directors : SEBI to companies
Posted Date : 12-May-2015 , 08:00:31 am | Posted By CASANSAAR
To check insider trading menace, market regulator Sebi asked listed companies to disclose details of securities held by promoters, directors, key management personnel and their relatives and other connected persons, before and after assuming such roles.
Besides, the companies will have...
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SEBI |
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SEBI replaces colour codes for mutual fund with Riskometer
Posted Date : 03-May-2015 , 09:45:34 am | Posted By CASANSAAR
To help investors better understand risks involved in mutual fund investments, regulator Sebi replaced the mandatory colour codes with a 'riskometer' containing five levels of risks from low to high.
The mutual funds would need to mention the risk level of a scheme through a speedometer-l...
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SEBI |
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Over 2000 firms yet to appoint women directors - FinMin
Posted Date : 27-Apr-2015 , 08:34:02 am | Posted By CASANSAAR
Minister of State for Finance Jayant Sinha today said as many as 2,015 companies listed on the Bombay Stock Exchange and 263 on the National Stock Exchange are yet to comply with market regulator SEBI's directive to appoint at least one woman director on the board.
Replying to a questio...
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SEBI |
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0 | Hits : 1001
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SEBI mulls bright line rules to define control in merger and acquisitions
Posted Date : 20-Apr-2015 , 08:17:26 am | Posted By CASANSAAR
In a major step towards bringing greater regulatory clarity for M&A deals, Sebi plans to put in place new guidelines to define 'bright lines' identifying the change of control in such transactions.
Under Sebi's Takeover Regulations, the definition of 'control' is based on ...
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SEBI |
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SEBI issues norms for settlement of shares via stock exchanges
Posted Date : 14-Apr-2015 , 08:28:51 am | Posted By CASANSAAR
The Securities and Exchange Board of India (SEBI), on Monday, issued procedures for tendering and settlement of shares through stock exchanges for takeovers, buy back and delisting of entities.
This is “to facilitate tendering of shares by the shareholders and settlement of the same,...
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SEBI |
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Monetary penalty for companies without women directors - SEBI
Posted Date : 09-Apr-2015 , 08:04:11 am | Posted By CASANSAAR
Companies, which have failed to comply with the Sebi norm of appointing at least one woman director on their board will have to pay a fine of at least Rs 50,000 which could go progressively higher depending on the period of non-compliance.
The circular issued on Wednesday said th...
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SEBI |
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400 listed companies ignore SEBI rule, have no women directors on Board
Posted Date : 31-Mar-2015 , 07:51:53 am | Posted By CASANSAAR
Despite a SEBI deadline to appoint women directors coming to end in just two days, nearly 400 listed companies are yet to comply with the guideline. Listed companies are required to have at least one woman director before April 1 and recently, Sebi also indicated that there would not be any further ...
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SEBI |
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2 | Hits : 866
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SEBI issues guidelines for international financial centres
Posted Date : 28-Mar-2015 , 08:06:29 am | Posted By CASANSAAR
Moving a step closer to having a Dubai and Singapore-likeinternational financial services centres (IFSCs), India’s capital markets regulator Sebi on Friday issued broad guidelines for IFSCs – the first of which is to come up in Gujarat as Gujarat Intern...
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SEBI clears norms for international finance centres
Posted Date : 24-Mar-2015 , 08:06:43 am | Posted By CASANSAAR
India on Sunday moved a step closer to having a Singapore- or Dubai-like financial hub, with the Securities and Exchange Board of India (Sebi) approving a framework for international financial centres (IFCs).
After its board meeting in New Delhi, the market regulator issued broad guidelines for I...
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SEBI |
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Fraudulent Investment Websites Under SEBI Scanner: Report
Posted Date : 17-Mar-2015 , 08:23:26 am | Posted By CASANSAAR
A large number of fraudulent websites, luring investors with promise of high and quick returns in stock market, have come under the scanner of the Securities and Exchange Board of India (Sebi) and may have to soon shut shop and pay huge penalties.
Sources said that over 50 such websites have come...
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Sebi warns to listed companies to appoint woman directors by March-end
Posted Date : 16-Mar-2015 , 03:45:31 pm | Posted By CASANSAAR
The Securities and Exchange Board of India (Sebi) has shot off a fresh warning to listed companies to appoint, at least, one woman director on their Boards by the April 1 deadline failing which they would face regulatory action. The market regulator was informed by the stock exchanges that close to ...
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Sebi eases account opening norms for individual investors
Posted Date : 05-Mar-2015 , 08:44:33 am | Posted By CASANSAAR
To make it easier for new individual investors, market regulator Sebi announced a 'Saral' or simplified account opening form for such persons and eased the process for submitting address proof documents.The move comes in the backdrop of the government and the regulator making efforts to attract...
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Black money in stock markets: SEBI to suspend shell companies
Posted Date : 09-Feb-2015 , 08:21:12 am | Posted By CASANSAAR
Cracking its whip on entities using stock markets for evading taxes and laundering black money, the Securities and Exchange Board of India (Sebi) has decided to suspend trading in listed companies that are found to be used by such manipulators.
The capital market watchdog has identified thr...
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SEBI allows re-issuance of corporate debt
Posted Date : 22-Jan-2015 , 10:09:16 pm | Posted By CASANSAAR
Capital market regulator said on Thursday it will allow companies to re-issue existing corporate bonds, in a move that is expected to avoid the fragmentation of liquidity in debt markets with multiple issuances. Securities and Exchange Board of India ( SEBI) had been widely expected to allow re...
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SEBI |
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SEBI to Consult Chartered Accountants on takeover valuations
Posted Date : 19-Jan-2015 , 08:36:46 am | Posted By CASANSAAR
To ensure fair treatment of minority investors during takeovers of listed companies, regulator Sebi has decided to seek help of chartered accountants and merchant bankers for an independent valuation of the price offered to small shareholders by new promoters.
For the purpose, Sebi would empanel el...
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SEBI warns public against illicit money pooling schemes
Posted Date : 17-Jan-2015 , 10:31:19 pm | Posted By CASANSAAR
Making public a list of 63 companies running illegal money pooling schemes, market regulator Securities and Exchange Board of India (Sebi) has cautioned investors and general public against dealing with such entities and advised them not be lured by promises of high returns. The latest list released...
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0 | Hits : 1159
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SEBI notifies stringent insider trading norms
Posted Date : 16-Jan-2015 , 07:58:39 am | Posted By CASANSAAR
Market regulator Sebi on Thursday notified a stricter set of insider trading norms to check illicit transactions in shares of listed firms by management personnel and 'connected persons'.
The new norms, which will revamp nearly two-decade old regulations on insider t...
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SEBI |
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0 | Hits : 710
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SEBI notifies rules on launch of new mutual fund schemes
Posted Date : 01-Jan-2015 , 08:34:10 am | Posted By CASANSAAR
Market regulator Sebi has notified new rules that allow launch of two new schemes in a year by mutual fund houses with net worth below 50 crore rupees. However, such permission would be considered on a case-to-case basis, depending on Asset Management Companies (AMCs) demonstrating that serious effo...
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New Promoter classification norms recommended by SEBI
Posted Date : 31-Dec-2014 , 08:44:31 am | Posted By CASANSAAR
Market regulator Sebi on Tuesday proposed new rules to allow reclassification of promoters at listed firms looking to become public shareholders.
The new norms can have a significant impact on the way some merger and acquisition deals are structured, as also in cases involving cor...
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SEBI |
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Black Money Probe: Over 1000 entities under scanner, says SEBI
Posted Date : 30-Dec-2014 , 08:33:15 am | Posted By CASANSAAR
At least 1,000 individuals and companies have come under markets regulator Sebi's scanner for allegedly using stock markets to evade taxes and launder money through companies mostly existing on paper. Sebi is focussing on securities market related violations by these individuals and compan...
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