SEBI freezes over 100 bank accounts of 2 Sahara cos
Posted Date : 13-Feb-2013 , 09:43:13 pm | Posted By CASANSAAR
The Securities and Exchange Board of India (SEBI) on Wednesday cracked down on Sahara group, freezing more than 100 bank accounts of two of its companies. Sources said that the immovable assets of the two companies were also frozen.
The SEBI also attached the assets and properties of S...
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Sebi frowns control practice of private equity investors
Posted Date : 12-Feb-2013 , 08:30:29 am | Posted By CASANSAAR
The tricky issue of 'control', that lies at the heart of every M&A deal, has come back to hauntprivate equity investors. Even with a minority stake, these investors often have veto powers over key decisions of companies they invest in - a practice that was recently frowned upon by...
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Sebi allows liquidity enhancement schemes in equity cash market
Posted Date : 10-Feb-2013 , 03:54:35 pm | Posted By CASANSAAR
Market regulator Sebi has allowed stock exchanges to introduce incentive schemes for brokers and intermediaries to enhance liquidity in illiquid securities in the equity cash segment. The decision has been taken pursuant to introduction of incentive schemes in derivatives segment to e...
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SEBI free to seize properties of Sahara Group companies: SC
Posted Date : 06-Feb-2013 , 06:06:07 pm | Posted By CASANSAAR
In fresh trouble toSahara group, the Supreme Court on Wednesday said that SEBI is free to freeze accounts and seize properties of its two companies for defying court orders by not refunding Rs 24,000 crore to investors.
The apex court also pulled up SEBI for not taking action against the ...
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Listed companies must now seek Sebi nod for all M&A deals
Posted Date : 06-Feb-2013 , 09:45:32 am | Posted By CASANSAAR
Companies traded on stock exchanges will now need the clearance of the capital market regulator Sebi for all merger, demerger and amalgamation deals. Till now, companies could execute these strategies by obtaining the approval of a high court and no-objection certificate from exc...
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Sebi revises norms for listed companies over 'exaggerated' valuations
Posted Date : 05-Feb-2013 , 08:23:11 pm | Posted By CASANSAAR
Market regulator Sebi has revised norms required for publicly traded companies which are planning to list their equities after amalgamation or de-merger.
In recent past, Sebi said it has been receiving applications seeking exemption from certain entities where there are inadequate disclosur...
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SEBI revises rules for amalgamation of companies
Posted Date : 05-Feb-2013 , 07:37:47 am | Posted By CASANSAAR
The Securities and Exchange Board of India (SEBI) on Monday revised rules for merger and amalgamation of companies, which requires stricter valuation of entities.
In the recent past, SEBI said it “received applications seeking exemption from certain entities containing inadequate...
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Sebi asks intermediaries to comply with ASBA norms
Posted Date : 23-Jan-2013 , 10:59:34 pm | Posted By CASANSAAR
Sebi on Wednesday asked merchant bankers and intermediaries to ensure that disclosures made in all offer documents submitted after March 1, 2013, should be compliant with norms in place for Application Supported by Blocked Amount (ASBA) facility.
ASBA facility allows the application money to remain...
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Sebi asks banks, NBFCs to separate investment advisory services
Posted Date : 22-Jan-2013 , 09:07:55 am | Posted By CASANSAAR
Market regulator Securities and Exchange Board of India ( Sebi) today said investment advisers who are banks, non-banking financial companies (NBFCs) and corporates will have to segregate investment advisory services from other activities.
Sebi, which today notified Inve...
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Sebi relaxes margin requirement under OFS
Posted Date : 18-Jan-2013 , 08:04:59 pm | Posted By CASANSAAR
Capital market regulator Securities and Exchange Board of India (Sebi) today made further relaxation to the offer for sale (OFS) route by giving an option to institutional investors to bid without 100 upfront payments.
Along with the complete upfront margin, institutions will now be able to...
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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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0 | Hits : 725
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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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