Sebi aims to complete probes in one year
Posted Date : 22-Oct-2012 , 07:44:50 am | Posted By CASANSAAR
The Securities and Exchange Board of India (Sebi) has set a one-year target to complete investigations, saying that the long-drawn probe processes are a thing of past and manipulators can’t escape the long arm of the law.
The impression about market manipulators remaining scot-free or the enf...
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Sebi duty bound to take action against Sahara: SC
Posted Date : 19-Oct-2012 , 11:26:25 pm | Posted By CASANSAAR
Refusing to grant more time to the Sahara group of investment companies, the Supreme Court on Friday allowed the Securities and Exchange Board of India (Sebi) to take action against the companies if they failed to provide details about some three crore investors from whom the companies raised Rs 24,...
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Gujarat HC issues notice to SEBI on stock exchange turnover issue
Posted Date : 19-Oct-2012 , 07:18:50 am | Posted By CASANSAAR
Gujarat High Court on Thursday issued notice to Securities and Exchange Board Of India (SEBI) while hearing a public interest litigation (PIL) challenging the stock market regulator's notification with regard to regional stock exchanges (RSE).
A division bench of Chief Justice Bhaskar Bhatt...
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Take penal action against cos exposing markets & investors to fraud: SEBI to depositories
Posted Date : 16-Oct-2012 , 10:41:26 pm | Posted By CASANSAAR
SEBI has decided to empower depositories to take penal action against companies that do not properly reconcile their demat and physical shares and thus expose the equity market and investors to possible frauds.
A senior official said the depositories have the mandate to help the companies ...
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Sebi notifies IPO reforms; funds usage comes under scrutiny
Posted Date : 16-Oct-2012 , 07:53:04 am | Posted By CASANSAAR
Market regulator Sebi today notified wide-ranging reforms in IPO market, including a strict vigil on usage of issue proceeds, greater disclosure by companies and their bankers and allotment of a minimum number of shares to retail investors. As per the notification issued by ...
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Sebi mulls annulment policy for erroneous stock trades
Posted Date : 13-Oct-2012 , 07:45:00 am | Posted By CASANSAAR
In the light of the recent flash crash on NSE due to an erroneous trade, market regulator Sebi would look into the possibility of putting in place rules to reverse such trades. On Friday, Sebi chairman U K Sinha assured some representatives of the broking community...
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Sebi lays down strict rules for rejection of offer documents
Posted Date : 12-Oct-2012 , 07:48:27 am | Posted By CASANSAAR
Capital markets regulator Securities and Exchange Board of India (Sebi) on Thursday issued a framework for the rejection of draft offer documents filed with it before issue of securities.
In the future, Sebi will reject offer documents if it believes investor safety is compromised or the qu...
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SEBI probes Mallya’s UB Group firms
Posted Date : 11-Oct-2012 , 09:06:29 pm | Posted By CASANSAAR
Following requests from bourses National Stock Exchange and BSE, market regulator Sebi is investigating the affairs of some Vijay Mallya-controlled UB Group firms for alleged non-compliance with disclosure norms.
The stock exchanges have raised various concerns mainly about two UB Group fir...
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Sebi exempts shareholder from complying with open offer rules
Posted Date : 10-Oct-2012 , 08:33:00 am | Posted By CASANSAAR
Market regulator Sebi has exempted Kannan Krishnan Naiker, an individual shareholder, from complying with certain regulatory procedures while making an open offer to acquire an additional 45% stake in Hemakuta Industrial Investment.
The exemption for Naiker has been given on the basis that ...
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FM, Sebi likely to announce market-friendly steps on Saturday
Posted Date : 05-Oct-2012 , 08:27:33 am | Posted By CASANSAAR
Finance Minister P Chidambaram is likely to address the board of the Securities and Exchange Board of India (Sebi) on Saturday, when some stock-market-friendly measures could be announced.
“The Sebi board is likely to announce measures towards lowering transaction costs, relaxing coll...
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Mandatory safety mechanism for IPOs is a bad idea; Sebi must junk it
Posted Date : 03-Oct-2012 , 08:16:36 am | Posted By CASANSAAR
The Securities and Exchange Board of India's (Sebi) proposal for a mandatory safety net mechanism forinitial public offerings (IPOs) is a classic example of the remedy being worse than the disease. Nothing could be more misguided. It is a fact that the IPO market has been in the doldrums for th...
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Sebi moves SC against Sahara Group
Posted Date : 26-Sep-2012 , 09:37:46 pm | Posted By CASANSAAR
Market regulator Sebi on Tuesday approached the Supreme Court accusing the Sahara Group of not complying with its order to furnish documents about its two companies which were directed to refund around Rs 24,000 crore to their investors.Sebi filed an application alleging that the...
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Sebi notifies MF reforms; changes to be effective from Oct.
Posted Date : 26-Sep-2012 , 09:27:02 pm | Posted By CASANSAAR
Market regulator Sebi today notified wide-ranging reforms for mutual fund sector, which would provide incentives to fund houses for expanding to small cities but might result in additional costs for investors.
The changes, which would come into effect from next month, would require fund houses to m...
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Sebi seeks ASBA facility at all branches of designated banks
Posted Date : 26-Sep-2012 , 08:14:35 am | Posted By CASANSAAR
Market regulator Sebi today asked the banks, authorised to accept ASBA forms wherein bid amount for public offer shares remain in investors' accounts till allotment, at all their branches by the end of 2012. Sebi (Securities and Exchange Board of India) introduced ...
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Securities transaction tax should be used as incentive
Posted Date : 19-Sep-2012 , 08:43:19 am | Posted By CASANSAAR
Securities and Exchange Board of India (Sebi) chief U K Sinha on Tuesday said that securities transaction tax (STT) should be used in such a way that it incentivizes people to make investments for the long term rather than reap short-term benefits. Sinha, the chairman of Sebi, a...
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Sahara sends two truck-loads of documents to Sebi
Posted Date : 12-Sep-2012 , 08:51:56 pm | Posted By CASANSAAR
Market regulator Sebi's woes with Sahara Group grew today as it sought to approach the Supreme Court on the business conglomerate's non-compliance to a deadline for submission of documentary evidence of money collected from investors through issue of debentures.Sahara Group is believed to have dispa...
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Sebi probes 35 brokers for money laundering
Posted Date : 10-Sep-2012 , 08:58:14 am | Posted By CASANSAAR
As many as 35 stock brokers have been probed by capital market regulator Securities and Exchange Board of India (Sebi) for possible lapses in controls related to money launderingand terror financing, and further action may be taken soon in these cases.
The inspections by ...
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Sebi relaxes KYC norms for foreign institutional investors
Posted Date : 07-Sep-2012 , 08:25:12 am | Posted By CASANSAAR
Sebi today relaxed the Know Your Clients (KYC) norms for various overseas entities includingforeign institutional investors, and has done away with in- person verification requirements for non-individual clients.
The market regulator has given the clarifications on KYC norms ...
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SEBI Bill withdrawn in Lok Sabha after objections from Parliamentary panel
Posted Date : 06-Sep-2012 , 07:58:32 am | Posted By CASANSAAR
Facing opposition from a Parliamentary panel, government today withdrew a bill which sought to raise the retirement age of members of a tribunal which adjudicates on appeals against decisions of the Securities and Exchange Board of India (SEBI). Minister of State for Finance Namo Narain Me...
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Sebi's toll-free service for investors open on whole week
Posted Date : 30-Aug-2012 , 09:56:05 pm | Posted By CASANSAAR
Investors can access Sebi's toll-free helpline service for guidance and assistance on various matters on Saturdays and Sundays as well.
Earlier, the service was accessible from Monday to Friday.
"SEBI has extended its toll-free helpline service (1800 22 7575 / 1800 266 7575) ...
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Sebi amends equity listing agreement
Posted Date : 30-Aug-2012 , 06:24:12 am | Posted By CASANSAAR
Capital market regulator Securities and Exchange Board of India (Sebi) on Wednesday amended the equity listing agreement to allow two new avenues for companies. This is amide at achieving minimum public shareholding requirements.
The Sebi board, at its meeting on August 16, had taken a deci...
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SEBI lets IDR holders convert 25% into equity
Posted Date : 29-Aug-2012 , 07:47:01 am | Posted By CASANSAAR
Capital markets regulator Securities & Exchange Board of India has allowed the conversion of 25% of Indian depository receipts (IDRs) of a company into underlying overseas listed equity shares in any financial year, following a promise made by formerfinance minister Pranab Mukherjee.The fun...
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SEBI launches no-frills demat accounts for investors
Posted Date : 27-Aug-2012 , 10:35:41 pm | Posted By CASANSAAR
The Securities and Exchange Board of India(Sebi), today launched no-frills demat accounts for individual retail investors. There will be no annual maintenance charges of deposits of up to 50,000 rupees, while deposits between 50,001 rupees and 200,000 rupees will be 100 rupees. Sebi said the ‘...
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Sebi bars companies from buying shares through staff trusts
Posted Date : 24-Aug-2012 , 09:39:46 pm | Posted By CASANSAAR
Capital market regulator Sebi has barred employee welfare schemes and trusts of listed entities from purchasing their own shares from the secondary market, fearing stock manipulation.Besides, Sebi will also ask listed companies to disclose all their existing employee benefit schemes involving stock ...
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Sebi gets Tribunal rap for 'inordinate' delay in inquiry
Posted Date : 22-Aug-2012 , 10:35:07 pm | Posted By CASANSAAR
Market regulator Sebi today faced flak from Securities Appellate Tribunal for "inordinate delay" without any justifiable reasons in conducting its inquiry and taking action in two separate cases of market manipulation.
The Securities Appellate Tribunal (SAT) made these observations while he...
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Delhi High Court issues notice to Sebi on algorithm trading
Posted Date : 22-Aug-2012 , 07:00:15 am | Posted By CASANSAAR
The Delhi High Court has issued notices to capital markets regulator Sebi and stock exchanges on a petition filed by a broker and investors association which seeks a ban on high-frequency or algorithm trading. The Securities and Exchange Board of India is requ...
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SEBI to announce fresh market reforms: Fin Min
Posted Date : 20-Aug-2012 , 07:32:09 am | Posted By CASANSAAR
Finance Minister P Chidambaram today said regulator Sebi is expected to announce fresh market reform measures next month. In a statement, the finance minister favoured encouraging more people to invest in financial instruments rather than in gold.Expressing satisfaction over wide-ranging reforms ann...
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Sebi allows 7 AIFs to operate in India via newly formulated route
Posted Date : 18-Aug-2012 , 07:29:29 am | Posted By CASANSAAR
Market regulator Sebi has allowed sevenAlternative Investment Funds ( AIF) to set shop in the country under a newly formulated route, which allows pooling of funds for investments in areas like real estate, private equity and hedge funds.The approval has been given to all th...
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e-IPOs to be a reality soon, entry load for MFs won't be reintroduced: Sebi
Posted Date : 16-Aug-2012 , 05:19:26 pm | Posted By CASANSAAR
The Securities and Exchange Board of India (Sebi) has cleared the much touted reforms for mutual funds and primary markets. It gave nod for the introduction of e-IPOs, which would allow investors to bid for initial public offers (IPOs) electronically and without any physical paperwork.For mutual fun...
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Sebi allows Aadhaar as valid address proof for investors
Posted Date : 14-Aug-2012 , 07:25:43 am | Posted By CASANSAAR
Market regulator Sebi said investors can use 'Aadhaar' cards as a valid address proof for their accounts with brokerage firms, mutual funds, portfolio managers and other capital market entities. 'Aadhaar', a 12-digit individual identification number issued by UIDAI ( Un...
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