Sebi bans FIIs, brokers for GDR manipulation
Posted Date : 22-Sep-2011 , 07:33:36 am | Posted By CASANSAAR
Market regulator Sebi has banned five FIIs, five broking houses, six companies and several other related entities from the market for their role in stock price manipulation using the GDR route. In its 44 page order, released on Wednesday, Sebi directed India Focus Cardinal Fund, ...
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SEBI's decision to revise penalty upsets traders
Posted Date : 19-Sep-2011 , 08:46:53 am | Posted By CASANSAAR
Market regulator Sebi's recent decision to revise penalty on stock brokers and their clients for their failure to deposit margins fully or partially has left the market participants worried about its implications. Most brokers fear that the move will adversely impact participation of investor...
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SEBI wants a self-regulatory body to supervise financial advisers
Posted Date : 19-Sep-2011 , 08:33:48 am | Posted By CASANSAAR
The Securities and Exchange Board of India, or Sebi, has finalised new rules for regulating investment advisers on the lines of the structure in the mutual fund industry to prevent growing complaints from investors about being short-changed. The securities market regulator wants a self-regula...
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Finmin, SEBI push for e-IPO facility for cutting cost of funds and reduce listing time to 3-4 days
Posted Date : 14-Sep-2011 , 07:34:41 am | Posted By CASANSAAR
Investors will soon be able to avail of an e-IPO facility, with the finance ministry and market regulator Sebi pushing for a complete paperless system to raise capital. "We are actively looking at this...," a senior finance ministry told ET. The finance ministry has begun discussions with the co...
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MCX gets regulator`s approval for IPO
Posted Date : 12-Sep-2011 , 07:15:20 pm | Posted By CASANSAAR
India's Multi Commodity Exchange (MCX), the country's biggest commodity bourse by turnover, plans to list "sooner rather than later," after it got a regulatory nod for an initial share sale, a top executive said on Monday.
"We will try to do it sooner rather than later. At the same time there is ...
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Sebi has power to direct unlisted firms, says SAT
Posted Date : 06-Sep-2011 , 08:01:24 am | Posted By CASANSAAR
The Securities Appellate Tribunal (SAT) on Monday observed that the Securities and Exchange Board of India (Sebi) has wider powers under the Sebi Act to issue directions to even unlisted firms to protect interest of investors in the securities market.
The SAT observation came in response to a S...
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Resolve investor complaints within a month: Sebi to brokers
Posted Date : 26-Aug-2011 , 08:12:30 am | Posted By CASANSAAR
Capital markets regulator Sebi today directed stock brokers and sub-brokers to redress investor complaints within a month of receiving them, saying that failure to do so would make them liable for penal action. The direction comes a day after it announced that all investor complaints should be forwa...
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SEBI comes out with a proposed regulatory regime for AIF
Posted Date : 18-Aug-2011 , 08:14:33 am | Posted By CASANSAAR
Sebi recently came out with a proposed regulatory regime for alternative investment funds ( AIF). While the regulator has its heart in the right place, the proposals need to be thought through from the ground up. It would be useful to summarise briefly what Sebi is seeking to do with these p...
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Sebi probe shows rise in dirty money in stock market
Posted Date : 16-Aug-2011 , 08:31:13 am | Posted By CASANSAAR
The finance ministry, in response to a Parliament question, has not ruled out that a lot ofblack money is flowing into the stock market. Suspicious transactions reported by mutual funds, depository participants and stock brokers have shown a 40% growth in the last one year, with the Securi...
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SEBI wants powers to see phone call, e-mail records
Posted Date : 16-Aug-2011 , 08:19:07 am | Posted By CASANSAAR
The Securities and Exchange Board of India has sought powers to seek e-mail and call records from telecom service providers.
This move, the market regulator hopes, will help it prevent black money entering the market as also keep an eye on insider trading.
The Minister of State for Finance, Mr N...
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Sebi for greater oversight of auditors, analysts
Posted Date : 12-Aug-2011 , 02:42:57 pm | Posted By CASANSAAR
With an aim to shielding investors from vested interests and potential corporate scams, market regulator the Securities and Exchange Board of India (Sebi) has proposed to frame a strict set of rules for research analysts and wants an independent oversight body for auditors.
At the s...
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Only Sebi can allow MCX-SX equity trade, says court judge
Posted Date : 12-Aug-2011 , 08:24:27 am | Posted By CASANSAAR
The Bombay high court may ask Securities and Exchange Board of India (Sebi) to reconsider its decision to restrain MCX-SX Ltd from trading in equity and other exchange-traded products.
“We cannot direct Sebi to give you (MCX-SX) permission to trade; we can just ask them to recons...
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Sebi to upgrade surveillance system
Posted Date : 08-Aug-2011 , 07:42:38 am | Posted By CASANSAAR
Market watchdog the Securities and Exchange Board of India (Sebi) is planning a major upgradation of its key surveillance system through which it monitors data from stock exchange and depositories for identifying the manipulation activities.
The move would help the regulator in its efforts ...
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0 | Hits : 813
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Sebi issues notice to NSE on code changes by brokers
Posted Date : 08-Aug-2011 , 07:35:47 am | Posted By CASANSAAR
In a first, the capital market regulator, the Securities and Exchange Board of India, has issued a show-cause notice to the country's leading stock exchange, National Stock Exchange, following a probe into alleged client code modifications by its broker members. The notice has asked the bourse to ex...
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BSE Sensex: Stock crash erodes over Rs 1.3 lakh crore from investor wealth
Posted Date : 05-Aug-2011 , 10:11:59 pm | Posted By CASANSAAR
The investors were left poorer by over Rs 1.33 lakh crore after today's stock market crash, even as the market managed to recover nearly half of the losses suffered earlier during the day. The plunge in investors' wealth, which is notional in nature and is measured in terms of cumulative value of al...
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Sebi clears single-window clearance for prior approvals
Posted Date : 04-Aug-2011 , 07:17:30 am | Posted By CASANSAAR
Market regulator the Securities and Exchange Board of India (Sebi) today approved a single-window clearance system for market entities, including stock brokers, merchant bankers and credit ratings agencies, for grant of prior approval for change in control of their management structures.
"W...
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Now, promoters asked to disclose share dealings
Posted Date : 01-Aug-2011 , 11:37:59 am | Posted By CASANSAAR
With an aim to rein in insider trading by promoters without investors' knowledge, Sebi has decided to make it mandatory for all promoter entities to disclose any considerable purchase or sale of shares by them.
The decision would remove a major anomaly from the Sebi's insider trading proh...
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Sebi amends rule to check black money, tax evasion in market
Posted Date : 01-Aug-2011 , 07:38:35 am | Posted By CASANSAAR
With an aim to check flow ofblack money and evasion of taxes through stock market, market regulatorSebi has decided to imposehefty penalty on brokers facilitating such transactions from tomorrow. The regulator recently came across a loophole in its existing regulations, which was being abused by sto...
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Sebi asks MFs to become more transparent, regulate agents
Posted Date : 29-Jul-2011 , 03:50:54 pm | Posted By CASANSAAR
While allowing mutual funds to charge a fresh transaction fee from investors, market regulator Sebi has also asked them to bring about more transparency in their dealings with investors and agents.
The regulator, at its board meeting last evening, agreed to the MFs' long-pending demand to...
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SEBI announces new takeover norms
Posted Date : 29-Jul-2011 , 08:36:48 am | Posted By CASANSAAR
Heralding a new set of rules for takeover of companies, the Security Exchanges Board of India (SEBI) on Thursday said an entity buying 25 per cent stake in a listed firm will have to mandatorily make an offer to buy additional 26 per cent from public shareholders.
The new norms mark an incr...
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Sebi revives scam order against NSDL
Posted Date : 29-Jul-2011 , 08:28:46 am | Posted By CASANSAAR
In an unprecedented move, Sebi, on the direction of the SC, has revived an order that was in the past dismissed as "null and void" by the market regulator, but under a different chairman. Sebi said on Thursday that an order by a two-member committee, which found serious lapses and irregularities on ...
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FinMin to meet Sebi, exchange officials on market reforms
Posted Date : 27-Jul-2011 , 05:11:58 pm | Posted By CASANSAAR
With a view to discuss ways to expedite policies for growth and reforms in the stock market, theFinance Ministry has called a meeting of top officials fromSebi and various stock exchanges early next month. Among other issues, the recent decline in stock market business volumes and the launch of some...
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Sebi directs 14 cos to address investors' complaints
Posted Date : 20-Jul-2011 , 09:56:26 pm | Posted By CASANSAAR
Market regulator the Securities and Exchange Board of India (Sebi) today directed 14 companies to act on pending investor complaints within 15 days, failing which a penalty of up to Rs 1 crore each would be imposed on them.
In two separate statements, the Sebi said it had received the com...
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Rs 50,000-cr scam alleged in Sebi
Posted Date : 16-Jul-2011 , 07:40:40 am | Posted By CASANSAAR
The Delhi high court on Friday issued notices to Securities and Exchange Board of India (SEBI) and the Centre on a petition alleging a R50,000-crore scam in Sebi's penalty adjudication process since 2002. The plea said the discretionary process of levying penalties, which was done away with after th...
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SC directs Sahara to approach SAT against Sebi order on OFCDs
Posted Date : 15-Jul-2011 , 01:44:13 pm | Posted By CASANSAAR
The Supreme Court today directed Sahara Group firm Sahara India Real Estate Corp to approach the Securities Appellate Tribunal against market regulator Sebi's order directing the return of money collected from investors for an OFCD scheme within a period of three weeks.
A three-member ben...
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LLPs can get membership of stock exchanges: Sebi
Posted Date : 11-Jul-2011 , 09:06:24 pm | Posted By CASANSAAR
Capital market regulator Sebi on Monday said Limited Liability Partnerships (LLPs), a hybrid between a partnership firm and company, can get membership of stock exchanges. Following requests from various stock exchanges to permit LLPs to be admitted as members to enable them to get registration as s...
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SC declines Sahara plea to issue notice to govt on OFCD issue
Posted Date : 08-Jul-2011 , 04:42:21 pm | Posted By CASANSAAR
The Supreme Court today declined the Sahara Group's plea to issue a notice to the government in connection to a dispute with market regulator Sebi, which had directed the firm to return funds raised from investors under an OFCD scheme along with 15% interest.
"We do not want Union of Indi...
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SC to hear Sahara plea against SEBI order tomorrow
Posted Date : 07-Jul-2011 , 09:04:17 pm | Posted By CASANSAAR
The Supreme Court will tomorrow hear the Sahara group firm''s plea against the SEBI order to return the money, along with 15 per cent interest, collected from investors through its Optionally Fully Convertible Debentures (OFCD) scheme.
The plea would be heard by a three-member bench headed ...
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Mutual funds may face Sebi fury over casual voting
Posted Date : 03-Jul-2011 , 09:50:35 pm | Posted By CASANSAAR
Mutual funds may soon face some tough questions from market regulator Sebi regarding the exercise of their vote on key business proposals of the companies in whose shares they have put in investors' money.
The market watchdog is irked by the casual approach adopted by most of the fu...
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Sebi may cap fund licence to one year
Posted Date : 30-Jun-2011 , 07:44:47 am | Posted By CASANSAAR
Market regulator Sebi plans to cap the life of a mutual fund licence to just one year from the date of issue as it aims to avoid a firm with deteriorated finances to begin operations with a time lag which may put investors' money at risk, two people familiar with the development said.
Any company i...
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