Sebi directs cos to comply with ESOP norms by June
Posted Date : 18-Jan-2013 , 08:24:07 am | Posted By CASANSAAR
Sebi on Thursday asked listed companies to comply with new norms that bar employee welfare schemes and trusts from purchasing the shares of their own firms from the secondary market, by June 30.
The move is aimed at preventing possible manipulation in trading of shares by companies. In Augu...
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Now, 'Associated Persons' require certifications: Sebi
Posted Date : 15-Jan-2013 , 05:26:41 pm | Posted By CASANSAAR
Market regulator Sebi has notified new norms for 'associated persons' working as terminal users and sales personnel of brokers and other traders, making it mandatory for them to get necessary certifications to operate in the equity derivatives market. The term "associated p...
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Sebi may make independent director post unattractive
Posted Date : 13-Jan-2013 , 09:07:56 am | Posted By CASANSAAR
Independent directors, in demand among Indian corporates on shortage of qualified individuals, might become even harder to find, say experts.
The consultative paper on review of corporate governance norms in India released by the Securities and Exchange Board of India ( Sebi)...
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Amendment to Section 15M of Securities and Exchange Board of India (SEBI) Act, 1992
Posted Date : 10-Jan-2013 , 08:41:43 pm | Posted By CASANSAAR
The Cabinet today approved the proposal of the Department of Economic Affairs for amendment to Section 15M of the Securities and Exchange Board of India (SEBI) Act, 1992, to enlarge the field of selection for the post of Presiding Officer (PO) of the Securities Appellate Tribunal (SAT), by including...
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SEBI notifies regulations to set up SRO for MF distribution biz
Posted Date : 09-Jan-2013 , 03:57:52 pm | Posted By CASANSAAR
In a move to regulate mutual fund distribution business, SEBI on Wednesday said it has notified regulations to set up a Self Regulatory Organisation (SRO) to monitor distributors of mutual fund and portfolio management products.
“...the Securities and Exchange Board of India...
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Companies must give sales data to stock exchanges first: Sebi
Posted Date : 04-Jan-2013 , 09:06:11 am | Posted By CASANSAAR
The capital market regulator has made it mandatory for companies to disclose monthly sales, turnover or production figures first to stock exchangesbefore giving the data to industry associations or the media."It has been brought to our notice that certain listed companies have been gi...
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Sebi moots stronger norms for share buybacks
Posted Date : 02-Jan-2013 , 07:29:39 pm | Posted By CASANSAAR
Sebi has proposed significant changes to existing framework for buyback of shares by companies from open market, that require the process be to complete in three months and minimum repurchase to be 50 per cent of the target.
The proposals are primarily aimed at ensuring that only serious companies ...
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Sebi slaps Rs 4 lakh penalty on Indiabulls Securities
Posted Date : 31-Dec-2012 , 07:24:01 pm | Posted By CASANSAAR
Market regulator Sebi has imposed a penalty of Rs four lakh on Indiabulls Securities for allegedly violating various norms for stock brokers including delay in redressing investor complaints.
Sebi has slapped the fine on Indiabulls Securities for not taking adequ...
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SEBI raises minimum capital requirements for brokers
Posted Date : 19-Dec-2012 , 10:55:21 pm | Posted By CASANSAAR
Stock market regulator SEBI has revised the base minimum capital (BMC) deposit requirement for brokers (offering algorithmic trading) to a maximum of Rs 50 lakhs.
BMC for stock brokers will be enhanced and for trading members in the derivatives segment, BMC would be intr...
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Sebi rejigs committee on disclosure, accounting standards
Posted Date : 16-Dec-2012 , 07:32:09 pm | Posted By CASANSAAR
Capital markets regulator Sebi has revamped its expert committee on disclosure and accounting standards, which is mandated to suggest ways for improving disclosure framework for listed companies and accounting practices of various market entities.
The Sebi Committee on Disclosur...
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Sebi steps in to prevent flash crashes at bourses
Posted Date : 14-Dec-2012 , 08:02:54 am | Posted By CASANSAAR
The Securities and Exchange Board of India (SEBI) on Thursday announced a series of measures to prevent flash crash. It has asked exchanges to put an upper limit on a single order at Rs 10 crore and also decided to tighten the dynamic price band around a stock that will stretch only 10 per cent eith...
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Scheduled Commercial Banks Permitted to become Members of SEBI Recognized Stock Exchanges
Posted Date : 02-Dec-2012 , 09:03:22 am | Posted By CASANSAAR
The Reserve Bank of India (RBI) has issued circular dated November 5, 2012, permitting Scheduled Commercial Banks (SCBs) to become members of the stock exchanges recognized by Securities and Exchange Board of India (SEBI) for the purpose of undertaking proprietary transactions in the corporate bond ...
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SEBI announces additional KYC norms for investors effective December 1, 2012
Posted Date : 29-Nov-2012 , 08:23:33 am | Posted By CASANSAAR
SEBI has made a few changes to theKYC norms after January 1, 2012. These changes will be effective from December 1, 2012. So all investors who have complied with their KYC norms prior to January 1, 2012 need to complete the additional KYC formalities.What you need to doIf y...
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SEBI plans including individual traders in definition of illegal practice
Posted Date : 25-Nov-2012 , 10:49:42 pm | Posted By CASANSAAR
Market regulator Securities and Exchange Board of India (SEBI) is looking at reviewing regulations on the illegal trade practice of front-running in the capital market to plug legal loopholes in the existing regulation and safeguard investor interest.
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Sebi extends bid deadline for verification job in Sahara case
Posted Date : 25-Nov-2012 , 10:46:50 pm | Posted By CASANSAAR
Market watchdog the Securities and Exchange Board of India (Sebi) has extended the deadline by one month for submission of bids by public sector banks and KYC registration agencies (KRAs) to conduct in-person verification of about three crore investors in the high-profile Sahara case to ascertain th...
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Sebi discontinues mini derivatives contracts to save investors
Posted Date : 21-Nov-2012 , 09:09:07 am | Posted By CASANSAAR
Market regulator Sebi today said it has decided to discontinue mini derivatives contracts on Sensex and Nifty indices, to discourage small investors from getting attracted to this segment.
The latest move revises Securities and Exchange Board of India's decision in December 2007 that allowed mini...
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SEBI to Get Call Data Records in Specific Cases: PC
Posted Date : 20-Nov-2012 , 09:17:43 am | Posted By CASANSAAR
The government is making an arrangement for market regulator Sebi getting access to call data records of people being probed by it in specific cases, but it will not get power to directly tap the phone calls, Finance Minister P Chidambaram has said.
"... Some arrangement is being made that the call...
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Trading Ban on 40 companies for Demat Failure
Posted Date : 19-Nov-2012 , 08:51:39 am | Posted By CASANSAAR
BSE and NSE have restricted trading instocks of as many as 40 new companies on account of their failure in meeting the market regulator Sebi's direction on dematerialising of shares. The action comes after these companies failed to convert a mandatory 50% public shareholding...
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SEBI to auction over Rs 10,000 crore debt investment for FIIs
Posted Date : 19-Nov-2012 , 08:49:49 am | Posted By CASANSAAR
Enthused by growing interest of foreign investors in debt securities in the country, market regulator SEBI will conduct an auction this week for investment worth over Rs 10,000 crore by foreign investors.
The auction will be conducted on November 20 in both the government and corporate debt...
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Sebi allows mutual funds in CDS transactions
Posted Date : 16-Nov-2012 , 08:51:40 am | Posted By CASANSAAR
The Securities and Exchange Board of India (Sebi) has allowed mutual funds to participate in Credit Default Swap (CDS) transactions, which allow business entities to hedge risks associated with the bonds market.
Mutual funds are also allowed to invest in repo or short-...
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Sebi seeks help from banks, KRAs to verify Sahara investors
Posted Date : 05-Nov-2012 , 08:16:48 am | Posted By CASANSAAR
Market regulator Sebi has decided to seek help from public sector banks and KYC Registration Agencies (KRAs) for carrying out 'in-person verification' of about 3 crore investors in the high-profile Sahara case. Sebi (Securities and Exchange Board of India) is already in...
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Sebi files contempt plea against Sahara in SC
Posted Date : 03-Nov-2012 , 08:47:03 am | Posted By CASANSAAR
Market regulator Sebi on Friday filed a contempt petition against theSahara Group in the Supreme Court for not complying with the apex court’s directions relating to refund of around Rs 24,000 crore raised by two of the Group’s firms from investors through optionally fully...
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SEBI simplifies procedure for change of name in individual Beneficial Owner's account
Posted Date : 02-Nov-2012 , 10:20:12 am | Posted By CASANSAAR
The Securities and Exchange Board of India, SEBI, has simplified procedure for change of name in individual Beneficial Owner's account.
In a circular issued on Thursday, SEBI has said that in case there is a change of name after marriage, the individual investor can submit either...
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SEBI seeks recovery powers to take on defaulters
Posted Date : 31-Oct-2012 , 07:03:28 pm | Posted By CASANSAAR
Concerned over a large number of people and entities evading payment of penalties imposed on them, market regulator Sebi has asked the government to amend regulations to provide it with stronger recovery powers.
"We need the support of the gov...
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SAT sets aside SEBI order on Chartered Capital
Posted Date : 31-Oct-2012 , 08:18:26 am | Posted By CASANSAAR
The Securities Appellate Tribunal (SAT) has set aside Securities and Exchange Board of India (SEBI)'s order that restrained merchant bank Chartered Capital and Investment and its two senior executives from taking up new assignments related to public offers, reports PTI.
It also directed...
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New IPO regime cuts complaints: SEBI
Posted Date : 29-Oct-2012 , 11:15:55 pm | Posted By CASANSAAR
Enthused by a renewed optimism among the corporate and individual investors in the capital market, SEBI chief UK Sinha has said that complaints of manipulations in IPOs have dried up after the recent corrective steps. "We are noticing that there is a renewed optimism about the economy and about the ...
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Sebi to hire investigating agencies for Sahara case
Posted Date : 28-Oct-2012 , 07:34:56 pm | Posted By CASANSAAR
Market regulator Sebi plans to hire professional investigating agencies to help it probe matters relating to Sahara group for implementation of a Supreme Court order about refund of money collected from 3 crore investors.
The Securities and Exchange Board of India (Sebi) has already...
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SEBI cautions investors against Sahara's pressure
Posted Date : 28-Oct-2012 , 09:37:14 am | Posted By CASANSAAR
Securities and Exchange Board of India, SEBI has advised investors against yielding to any pressure from Sahara or their agents for switching over their investments in two companies -- Sahara India Real Estate Corp Ltd, SIRECL and Sahara Housing Investment Corp Ltd, SHICL-- to other group companies....
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Sebi seeks strong legislation to check public money collection
Posted Date : 24-Oct-2012 , 06:05:41 pm | Posted By CASANSAAR
Market watchdog Sebi has asked the government to frame a strong central legislation to tackle the menace of companies collecting large amount of money from the public without requisiteregulatory approvals and for dubious investment projects.Stating the existing legal provisions a...
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Sebi seeks special courts for speedy trials in market frauds
Posted Date : 23-Oct-2012 , 06:17:21 am | Posted By CASANSAAR
Worried over delays in prosecution of those found to be involved in frauds and other offences, market watchdog Sebi has asked the government to set up special courts to fast-track the process of bringing the guilty to book. Expressing concern over some cases continuing for years, Sebi...
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