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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Sebi plans to increase minimum application amount for public issues
Posted Date : 13-Aug-2012 , 07:03:49 am | Posted By CASANSAAR
The Securities & Exchange Board of India plans to increase the minimum application amount for public issues to 15,000 from 10,000, and make it compulsory for companies to at least allot shares worth this amount to retail investors. The move is part of a slew of measures being contempla...
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AMFI gets SEBI clearance for trading platform
Posted Date : 08-Aug-2012 , 08:07:17 am | Posted By CASANSAAR
Capital markets regulator SEBI has cleared the proposal for the launch of AMFI’s mutual fund transaction routing platform. The platform will provide investors with a common account number (CAN) so that investors can invest across schemes and fund houses using this number.
The MF utili...
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No extension of deadline for minimum public shareholding: Sebi
Posted Date : 05-Aug-2012 , 09:29:02 pm | Posted By CASANSAAR
Despite the volatile market conditions, all listed companies will be expected to comply with the minimum public shareholding norms by August 2013 as market regulator Securities Exchange Board of India (Sebi) has said that it will not extend the deadline.
“It is a completely wrong assu...
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SEBI open to allowing more routes to meet public shareholding norm
Posted Date : 04-Aug-2012 , 03:21:25 pm | Posted By CASANSAAR
The Securities & Exchange Board of India (SEBI) is open to allowing new alternative routes to facilitate listed companies meet the minimum public shareholding norm.
This was stated by SEBI Chairman U.K.Sinha at a PHDCCI national conference on minimum public shareholding norms.
...
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Sebi bars 19 entities from market for triggering a fall in 4 midcap stocks
Posted Date : 04-Aug-2012 , 09:33:36 am | Posted By CASANSAAR
The Securities and Exchange Board of Indiahas barred 19 entities and people from trading in the securities market on the grounds that they had joined hands to trigger a collapse in four stocks last week. The market regulator, in an interim order released late on Friday ...
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SEBI may get access to call data record, but not for phone tapping
Posted Date : 03-Aug-2012 , 08:28:04 am | Posted By CASANSAAR
The capital market regulator, Securities and Exchange Board of India may finally get access to Call Data Record (CDR). But, the regulator may not be given the right to tap the phone calls.
According to sources, “This issue was discussed in a meeting held last week. It seems the Financ...
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Sebi slaps Rs 22 lakh penalty on 3 entities for circular trading
Posted Date : 02-Aug-2012 , 09:16:30 pm | Posted By CASANSAAR
Market regulator Sebi has imposed a penalty of Rs 22 lakh on three entities for circular trading in the scrip of Rich Capital & Financial Services in 2009.Sebi has imposed a fine of Rs 7 lakh each on Sanjeev Agarwal and Ashesh Agarwal and another Rs 8 lakh on the brokerage fi...
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SEBI nod to online bonds subscription
Posted Date : 29-Jul-2012 , 08:55:00 am | Posted By CASANSAAR
Market regulator SEBI today allowed online subscription of bonds, a move that will reduce timeline for completion of the process.In a notification issued in Mumbai on Friday, the market regulator said in order to facilitate a system to reduce the timelines of the issue process for public issue of de...
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FM's power to nominate members to SEBI Chairman selection Board: SC
Posted Date : 27-Jul-2012 , 06:25:22 pm | Posted By CASANSAAR
The Supreme Court today issued notice to the Centre on a PIL challenging the Finance Minister's power to nominate two members in the search and selection board for appointment of SEBI chairman and full time members. A bench headed by S S Nijjar, however, refused to stay Rule 3 (5)(e) of Securit...
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Sebi warns investors against dealing with Trading India Portfolios Ltd
Posted Date : 25-Jul-2012 , 07:05:07 am | Posted By CASANSAAR
Sebi has warned investors against dealing with Trading India Portfolios Ltd (TIPL) and its chairman Ankush Srivastava after the regulator observed that the firm has placed false and misleading information related to portfolio management and stock broking services on its webs...
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Sebi tightens F&O norms to keep out illiquid stocks
Posted Date : 24-Jul-2012 , 07:57:55 am | Posted By CASANSAAR
Market regulator Sebi has tightened the criteria for stocks to be traded in the futures and options segment by raising the minimum requirement of median quarter-sigma order size (MQSOS) - an indicator of market depth - for a stock to Rs 10 lakh from Rs 5 lakh. Sebi has also trebled the min...
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Sebi allows Qualified Foreign Investors to invest up to $1 bn in MF debt schemes
Posted Date : 18-Jul-2012 , 09:44:50 pm | Posted By CASANSAAR
To increase fund flow in the bond market, market regulator Sebi today issued guidelines allowing overseas individual investors to invest up to $ 1 billion in corporate bonds and debt schemes of mutual funds without any lock-in period."In consultation with the Government of India (GoI) and ...
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Sebi seeks changes in Companies Act
Posted Date : 18-Jul-2012 , 07:29:46 am | Posted By CASANSAAR
The government is considering an amendment in the Companies Act to support a recent notification by the Indian capital markets regulator Sebi that proposes to penalise companies saddled with adverse auditor remarks. Sebi has initiated a dialogue with the Ministry of Corporate Aff...
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SEBI, RBI for financially aware and empowered India
Posted Date : 16-Jul-2012 , 09:09:26 pm | Posted By CASANSAAR
Financial sector regulators, including RBIand Sebi, today proposed a nationwide survey for assessing financial inclusion and literacy in the country and educate 500 million adults, besides providing financial education to school children. The draft 'National Strategy for Financial Edu...
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Sebi mulls independent SRO for stock exchanges
Posted Date : 09-Jul-2012 , 07:05:36 am | Posted By CASANSAAR
Capital market regulator Sebi plans to set up an independent SRO ( Self Regulatory Organisation) for stock exchanges, but wants the day-to-day trading regulations and surveillance actions to remain with bourses themselves.
Under the existing regulatory framework in In...
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SEBI cuts deadline for transfer of shares to 15 days
Posted Date : 06-Jul-2012 , 07:51:54 am | Posted By CASANSAAR
The stock market regulator SEBI has reduced the deadline for transfer of equity shares from one month to 15 days.
Henceforth, shares lodged for transfer with registrars will take 15 days for registration from the date of lodgement.
In addition, SEBI has also prescribed 15 days for ...
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FinMin may ask Sebi to re-introduce entry load
Posted Date : 01-Jul-2012 , 09:49:55 pm | Posted By CASANSAAR
In order to promote the sagging mutual fund industry, Finance Ministry may advise the Sebi to consider re-introduction of commission for brokers known as entry load.
"We will meet representatives of mutual fund industry and Sebi officials and will advise them to consider measures including ...
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SEBI to make it mandatory for top 500 listed companies for e-voting
Posted Date : 26-Jun-2012 , 08:46:17 pm | Posted By CASANSAAR
Market regulator, SEBI today decided to make it mandatory for the top 500 listed companies to facilitate e-voting, making it easier for shareholders to participate in key decisions without being physically present at the meetings. SEBI's move is in line the budget proposal. SEBI said the decision wo...
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Cos' audited reports with qualifications to face SEBI scrutiny
Posted Date : 22-Jun-2012 , 07:44:29 am | Posted By CASANSAAR
A committee set up by the Securities and Exchange Board of India, or SEBI, will scrutinise all auditor qualifications of balance sheets of listed companies and ask the management to restate numbers in case of violation of accounting rules. Top officials close to the development told ET thatSEBI...
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Sebi to question MFs for non-performance of schemes
Posted Date : 21-Jun-2012 , 03:51:31 pm | Posted By CASANSAAR
Capital market regulator Securities and Exchange Board of India (Sebi) on Thursday said it will question top officials of fund houses about non- performance of mutual fund schemes and probe their non-compliance with the stated investment objectives.
Concerned over the non-performance of som...
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HC reserves order on SEBI official
Posted Date : 13-Jun-2012 , 08:58:47 am | Posted By CASANSAAR
The Gujarat high court has kept its order reserved till Thursday on the CBI application demanding further remand of Avarjeet Singh, a senior official of Securities and Exchange Bureau of India (SEBI). Working as deputy general manager with SEBI, Singh was allegedly...
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SEBI expresses urgent need to revive investor sentiment, faltering growth
Posted Date : 09-Jun-2012 , 06:42:39 am | Posted By CASANSAAR
Market regulator Securities and Exchange Board of India - SEBI has expressed an urgent need to revive investor sentiment and faltering growth. Addressing the Skoch summit in Mumbai today, SEBI Chairman, Upendra Kumar Sinha said that the government should accelerate work on some of the urgent reform ...
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Defunct exchanges must close shops within 2 years: SEBI
Posted Date : 31-May-2012 , 07:27:28 am | Posted By CASANSAAR
The defunct stock exchanges and those which are not able to maintain a turnover of Rs 1,000 crore will have to close shops within two years, market regulator Sebi said today.
"If stock exchange is not able to achieve the prescribed turnover of Rs 1,000 crore on continuous basis or does not ...
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