Sebi keeps consent window open to settle serious offences
Posted Date : 28-May-2012 , 07:35:02 am | Posted By CASANSAAR
A high-powered advisory committee or panel of whole-time members may settle violations excluded from the new framework
Despite shutting the consent route on serious market offences like insider trading and front running, the Securities and Exchange Board of India (Sebi) has left a window op...
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Sebi won't settle insider trading through consent
Posted Date : 25-May-2012 , 11:08:30 pm | Posted By CASANSAAR
Securities and Exchange Board of India (Sebi) will not settle serious offenses including insider trading and front running by consent process.
“The defaults falling in the category of fraudulent and unfair trade practices, which in the opinion of Sebi are very serious and have caused ...
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Blockage of investors money: PIL filed in HC against SEBI
Posted Date : 19-May-2012 , 07:20:05 am | Posted By CASANSAAR
An investors group today moved the Delhi High Court seeking a direction to market regulator SEBI to take action against over 2,000 firms, barred from trading through NSE and BSE for allegedly not complying with the listing terms and leading to blockage of investors' fund worth Rs 1,00,000 crore. Jus...
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SEBI decentralises IPO document filing
Posted Date : 04-May-2012 , 07:57:43 am | Posted By CASANSAAR
Stock market regulator Securities and Exchange Board of India has decentralised the process of filing offer documents with effect from May 14.
For an issue size of up to Rs 500 crore, companies would be required to file offer documents with the respective regional office of SEBI.
That is, compan...
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Sebi to announce new consent settlement norms soon
Posted Date : 30-Apr-2012 , 07:12:28 am | Posted By CASANSAAR
Market regulator Sebi is set to put in place a new and detailed mechanism for its 'consent' procedure -- an out-of-court-like settlement through which it settles cases of suspected irregularities by listed companies and various market entities.
The Securities and Exchange Board o...
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SEBI to auction FII debt limits on 20th of every month
Posted Date : 28-Apr-2012 , 06:04:23 am | Posted By CASANSAAR
The stock market regulator SEBI has decided to auction debt limits for FIIs on the 20th of every month.
It would be held on the next working day in case 20th happens to be a holiday.
Auctions would be held if free limits greater than Rs1000 crore are available for any of the three categories &md...
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SEBI : Private firms, PSUs must increase public holding by 25 % by August 2013
Posted Date : 13-Apr-2012 , 07:52:44 pm | Posted By CASANSAAR
Capital market regulator, SEBI today said both public and private sector companies will have to increase public shareholding to a minimum of 25 per cent by August 2013 and there will be no relaxation of the guidelines. SEBI Chairman Mr. U K Sinha told this to reporters on the sidelines of Bombay Sto...
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Sebi mulls new ethics code for brokers
Posted Date : 05-Apr-2012 , 11:41:23 pm | Posted By CASANSAAR
With an aim to check flow of illicit funds and other manipulative activities in the stock market, regulator Sebi is planning more frequent inspection of various market entities and a new code of conduct for brokers.
Besides, the capital market regulator would also ask all the mark...
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Sebi allows listing of stock exchanges
Posted Date : 02-Apr-2012 , 10:37:43 pm | Posted By CASANSAAR
Clearing the decks for listing of stock exchanges, capital market regulator the Securities and Exchange Board of India (Sebi) today said 51% stake of bourses could be held with public.
This was decided after considering the much-debated Bimal Jalan Committee recommendations which had not ...
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SEBI issues rules for algorithmic trading
Posted Date : 31-Mar-2012 , 06:51:06 am | Posted By CASANSAAR
The capital market regulator has put checks and balances in place for high-frequency trading. SEBI has issued detailed guidelines asking exchanges to contain possibilities of potential systemic risk caused by the use of sophisticated automated software by brokers to trade on stock exchanges....
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SEBI plans no-frills demat accounts to attract retail investors
Posted Date : 22-Mar-2012 , 08:25:55 am | Posted By CASANSAAR
Market regulator Sebi is exploring the option of low-cost, no-frills demat accounts, hoping it will encourage more investors to take a plunge into equities. Annual depository account maintenance charges can be as high as Rs 1,000, discouraging retail investors who may want to invest small sums ...
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Sebi short-lists 19 companies in 2011 IPO fraud case
Posted Date : 21-Mar-2012 , 07:51:55 am | Posted By CASANSAAR
Capital market regulator Sebi has widened the scope of its investigation to probe misuse of fund or price manipulation by some of the companies that came out with IPOs last year. Sebi's integrated surveillance department and investigation department have short-listed 19 companies that were lis...
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Bombay High Court tells Sebi to rethink MCX-SX plea
Posted Date : 15-Mar-2012 , 08:08:43 am | Posted By CASANSAAR
The Bombay High Court has ruled in favour of MCX Stock Exchange (MCX-SX), one of the country's youngest bourses, in a long and closely tracked feud with the Securities & Exchange Board of India that is yet to spell out its future course of action. The court on Wednesday set aside a regulator...
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Sebi to review rules after assessing auction window experience
Posted Date : 06-Mar-2012 , 07:59:28 am | Posted By CASANSAAR
The Securities and Exchange Board of India, or Sebi, will assess the experience of issuance of shares by private firms on the newly-introduced auction window before carrying out any review of the rules after last week's share sales by the state-run ONGC. The sale of 5% of ONGC shares was the ...
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SEBI brings bank loan facilities under its ambit
Posted Date : 03-Mar-2012 , 08:37:16 am | Posted By CASANSAAR
The stock market regulator SEBI has brought loan facilities provided by banks under its purview.
These facilities would be instruments such as “other securities/ instruments, loans and facilities” provided by banks that are appraised by credit rating agencies.
This has been done afte...
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Sebi allows fund managers to manage both domestic, overseas money
Posted Date : 29-Feb-2012 , 08:13:54 am | Posted By CASANSAAR
Market regulator Sebi has allowed fund managers to manage both domestic and overseas money across all their activities, including mutual funds, offshore and portfolio management service. Last year, the regulator, while allowing asset management companies to share back-end resources, had sai...
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Sebi sets up a separate cell to detect corporate frauds
Posted Date : 24-Feb-2012 , 08:30:00 am | Posted By CASANSAAR
India's capital market regulator Sebi has formed a separate team to detect financial or corporate frauds in a bid to beef up its investigation process. The new unit, called Forensic Accounting Cell, will be part of the Securities and Exchange Board of India's corporate finance department that wi...
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SEBI announces lot sizes for SME public issues
Posted Date : 23-Feb-2012 , 07:47:28 am | Posted By CASANSAAR
Companies in the SME sector entering the capital markets will be prescribed ‘lot sizes' for shares in an initial public offering. In a circular released on Tuesday, the capital market regulator mandated specific lot sizes for IPOs in different price ban...
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Share transfer among promoters amounts to equity sale, rules SEBI
Posted Date : 21-Feb-2012 , 08:22:17 am | Posted By CASANSAAR
Capital market regulator Sebi has said that any transfer of shares even within the promoter group of a company would be considered as an equity sale, when it comes to promoters getting a preferential treatment for allotment of fresh shares or warrants. Accordingly the promoters of a listed company w...
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SC pulls up SEBI for leaking Sahara Group's proposal to media
Posted Date : 12-Feb-2012 , 12:16:48 pm | Posted By CASANSAAR
The Supreme Court has pulled up market regulator SEBI for leaking to media details of the proposal of Sahara Group's list of property sent to it as a guarantee to ensure that interest of investors are protected.
The apex court said it was 'distressed' that the proposal sent by Sahara's counsel to...
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Sebi to give MCA names of over 500 cos who violated CIS rules
Posted Date : 08-Feb-2012 , 06:37:00 pm | Posted By CASANSAAR
Market regulator Sebi has decided to share with the Ministry of Corporate Affairs the names of over 500 companies, which have garnered money from investors in violation of its Collective Investment Scheme (CIS) rules.Sebi would also give the names of the directors of such entities to the M...
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Sebi directs two to pay Rs 2.72 cr for unlawful gains
Posted Date : 08-Feb-2012 , 08:26:34 am | Posted By CASANSAAR
Market regulator the Securities and Exchange Board of India (Sebi) has directed two individuals -- Shailesh S Jhaveri and Harsha M Shah -- to collectively pay Rs 2.72 crore for their involvement in fraudulent and unfair trade practices during preferential allotment of shares of Ojas Technochem Pro...
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Sebi notifies IPP norms to help promoters dilute stake
Posted Date : 02-Feb-2012 , 08:16:09 am | Posted By CASANSAAR
In a move that could expedite government's disinvestment process, the market regulator SEBI on Wednesday notified the IPP guidelines that will allow companies to reduce promoter shareholding through private placement.
As per the new norms for Institutional Placement Programme (IPP) of shares, eve...
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SEBI slaps Rs 16 lakh fine on 2 entities for the IPO scam
Posted Date : 01-Feb-2012 , 08:29:04 am | Posted By CASANSAAR
Capital market regulator SEBI Tuesday imposed fine of Rs 16 lakh on two market intermediaries for irregularities in the initial public offers (IPOs) of 16 companies between 2003-05. "I hereby impose a penalty of Rs 15 lakh on Roopal Nareshbhai Panchal and a penalty of Rs 1 la...
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SEBI directs European American Investment Bank not to deal in securities market
Posted Date : 31-Jan-2012 , 07:50:29 am | Posted By CASANSAAR
Market regulator SEBI has confirmed its earlier order directing European American Investment Bank not to deal in the securities market in a matter related to alleged market manipulation using Global Depository Receipts. The Securities and Exchange Board of India (Sebi) had issued an interim e...
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Expand mutual fund industry
Posted Date : 28-Jan-2012 , 06:42:26 pm | Posted By CASANSAAR
International Advisory Board (IAB) constituted by market regulator - Security and Exchange Board of India (SEBI) has suggested widening the reach of the mutual fund industry in the country.It has also emphasised that in order to enhance the participation of households, the mutual fund industry has t...
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Sebi moves Supreme Court against PW in Satyam case
Posted Date : 25-Jan-2012 , 08:01:23 am | Posted By CASANSAAR
Sebi on Monday moved the Supreme Court seeking stay on the sectoral tribunal’s order that allowed audit firm Price Waterhouse to cross-examine the accused in the Rs 7,000-crore Satyam Computer Services scam, including Satyam founder B Ramalinga Raju.
The Securities Appellate Tribunal in Jun...
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Sebi imposes penalty of Rs 24 lakh on 17 entities
Posted Date : 21-Jan-2012 , 07:36:41 am | Posted By CASANSAAR
Regulator Sebi has imposed penalty totalling Rs 24 lakh on 17 entities on charges ranging from non-disclosure of acquisition of shares to involvement in fraudulent trade practices in dealing with shares of Platinum Corporation Ltd. In separate orders, Sebi fined Platinum Corporation Promoter and...
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SEBI's QFI norms to curb misuse by resident Indians
Posted Date : 14-Jan-2012 , 07:37:34 am | Posted By CASANSAAR
India's regulators have unveiled rules for direct investment in stocks by foreign investors, including individuals, seeking to put curbs on opaque structures to prevent routing of funds by resident Indians through this window. On January 1, the government decided to allow foreign resident inv...
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SEBI to reform IPO norms to check volatility on listing day
Posted Date : 13-Jan-2012 , 08:26:27 am | Posted By CASANSAAR
Capital markets regulator SEBI on Thursday said it is in the process of reforming the initial public offer (IPO) norms to ensure minimum price volatility on the day of listing. "We are in the process of reforming IPO process which will ensure that much safer process and volatility in the initial ...
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