SEBI comes out with format for annual secretarial audit of listed entities
Posted Date : 09-Feb-2019 , 10:30:28 am | Posted By CASANSAAR
Markets regulator Sebi Friday came out with the format for listed entities for preparing their annual secretarial audit and compliance reports.
This would also be applicable for the "material unlisted subsidiaries" of the listed entities, the regulator said in a circular.
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SEBI comes out with rules to review performance of public interest directors
Posted Date : 06-Feb-2019 , 09:23:28 am | Posted By CASANSAAR
Markets regulator Sebi Tuesday came out with a strict framework for public interest directors serving at stock exchanges, clearing corporations and depositories.
Under the framework, public interest directors (PIDs) will be nominated for three years, extendable by another term of three year...
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SEBI proposes relaxed norms for REITs, InvITs to increase access to investors
Posted Date : 31-Jan-2019 , 09:01:28 am | Posted By CASANSAAR
Sebi has proposed a new set of framework for REITs and InvITs in order to provide flexibility to the issuers in terms of fund raising and increasing the access of these investment vehicles to investors.
Under the proposal, minimum allotment and trading lot for publicly issued REITs (Real Estate I...
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SEBI provides clarity on norms for depository participants
Posted Date : 24-Jan-2019 , 09:12:46 am | Posted By CASANSAAR
Employees of public financial institutions as well as those without any identifiable ultimate promoters will not be considered as depository participants under Sebi norms, according to a circular.
The markets regulator on Wednesday issued a circular providing clarity on certain provisions o...
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SEBI issues norms for mutual funds investments in derivatives
Posted Date : 17-Jan-2019 , 09:34:19 am | Posted By CASANSAAR
Markets regulator Sebi has decided to allow mutual funds to write call options subject to certain conditions. Generally, call options refer to an agreement that gives a buyer the right to purchase an asset at a specified price within a particular time period.
Currently, mutual fund schemes are pe...
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Sebi fines 2 entities for fraudulent trade in stock options
Posted Date : 12-Jan-2019 , 07:17:40 am | Posted By CASANSAAR
Markets regulator Sebi Friday slapped a fine totalling Rs 20 lakh on two entities for executing fraudulent trades, which created artificial volume in the illiquid stock option segment on the BSE.
The regulator conducted a probe between April 2014 and September 2015 into the trading activities of ...
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SEBI brings cybersecurity framework for mutual funds and AMCs
Posted Date : 11-Jan-2019 , 09:53:25 am | Posted By CASANSAAR
Markets regulator SEBI on Thursday put in place a robust and strict cybersecurity framework for mutual funds and asset management companies (AMCs) to guard against breaches of data leak.
The new norms would be effective from April 1, 2019, Securities and Exchange Board of India (SEBI) said in a c...
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SEBI allows custodial services in commodity market
Posted Date : 03-Jan-2019 , 10:26:20 pm | Posted By CASANSAAR
Markets regulator Securities and Exchange Board of India (SEBI) has allowed custodial services in the commodity derivatives market.
The move is aimed at enabling the participation of institutional investors such as mutual funds and portfolio managers in the commodity derivatives market.&nbs...
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SEBI notifies physical delivery of derivatives in phased manner
Posted Date : 02-Jan-2019 , 10:18:43 am | Posted By CASANSAAR
The Securities and Exchange Board of India (Sebi) on Monday said that all derivatives will be settled physically to curb volatility and promote borrowing and lending.
In a physical settlement, traders have to take delivery of shares on the settlement day against the derivatives positions. All the...
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Sebi refuses to stay audit of suspected shell firm Inter Globe Finance
Posted Date : 28-Dec-2018 , 10:14:46 am | Posted By CASANSAAR
IGFL is among the firms against whom Sebi initiated action in Aug 2017 by ordering trading restrictions after it received a list of 331 suspected shell companies.
Markets regulator Sebi on Thursday refused to grant a stay on the forensic audit of Inter Globe Finance, which is suspected to be a sh...
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Appoint at least 2 more independent directors - SEBI to Govt
Posted Date : 27-Dec-2018 , 10:47:59 am | Posted By CASANSAAR
The Securities and Exchange Board of India (Sebi) has written to the finance ministry seeking the appointment of at least two independent members, said two people with direct knowledge of the matter.
The aim is to resolve the problem of “lack of independent voices on its board”. The m...
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SEBI initiates adjudication against NSE
Posted Date : 13-Dec-2018 , 09:18:40 am | Posted By CASANSAAR
Markets regulator SEBI has initiated adjudication proceedings against NSE as well as around 30 entities in the exchange's co-location matter.
Speaking to reporters in Mumbai yesterday after its board meeting, SEBI Chairman Ajay Tyagi said adjudication has started against 28 to 30 indivi...
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SEBI to extend commodity trading hours soon
Posted Date : 30-Nov-2018 , 08:18:06 am | Posted By CASANSAAR
The Securities and Exchange Board of India (SEBI) may allow the commodity market to open an hour early at 9 am, instead of at 10 am now. It is also considering extending the closing time of the agri commodity market by 4 hours to 9 pm. An announcement to the effect is expected soon.
Agri commodit...
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SEBI lays guidelines for alternative investment funds in IFSC
Posted Date : 27-Nov-2018 , 08:31:43 am | Posted By CASANSAAR
Markets regulator issued detailed guidelines for setting up of alternative investment funds in international financial services centres, pertaining to registration, compliance requirements and restrictions.
For registration as Alternative Investment Funds (AIFs), SEBI said any fund established or...
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SEBI allows promoters to make counter offer
Posted Date : 26-Nov-2018 , 10:00:13 am | Posted By CASANSAAR
Markets regulator Sebi has allowed promoters to make counter offer to shareholders of companies that are planning to delist from stock exchanges, a move aimed at plugging loopholes in the current method.
The Sebi has put in place a system for price discovery as per reverse book building (RRB) met...
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SEBI forms panel to review rules for proxy advisory companies
Posted Date : 22-Nov-2018 , 08:02:57 am | Posted By CASANSAAR
The Securities and Exchange Board of India (Sebi) will carry out a comprehensive review of rules for proxy advisory firms — companies that provide recommendations to institutional investors on whether to vote for a corporate action or not, said two people familiar with the development.
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Companies to disclose reasons for delay in financial results within a day - SEBI
Posted Date : 20-Nov-2018 , 09:15:11 am | Posted By CASANSAAR
SEBI on Monday asked listed companies to disclose detailed reasons for delay in submission of financial results to the stock exchanges within one working day of the stipulated deadline.
In case a company decides to delay announcement of results prior to the due date, reasons have to be disclosed ...
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SEBI issues norms for enhanced disclosures by rating agencies
Posted Date : 14-Nov-2018 , 08:43:21 am | Posted By CASANSAAR
Markets regulator SEBI asked credit rating agencies (CRAs) to analyse the deterioration in the liquidity conditions of the issuer and take into account any asset-liability mismatch while reviewing ratings.
Besides, SEBI has introduced a specific section on liquidity among key rating drivers that ...
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SEBI to introduce alternative payment mechanism for retail IPO investors from Jan
Posted Date : 01-Nov-2018 , 10:30:15 pm | Posted By CASANSAAR
Sebi Thursday said it will launch Unified Payments Interface as an alternative payment option for retail investors, buying shares in a public issue, in a phased manner from January 1 next year, which will cut listing time for an IPO to three days from six at present.
The new mechanism will increa...
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SEBI cautions investors against unregulated foreign trading portals
Posted Date : 31-Oct-2018 , 09:05:18 am | Posted By CASANSAAR
Markets regulator SEBI warned investors against participating in unregulated web portals offering transactions in securities, including derivatives, which are executed on the terminal of overseas exchanges.
SEBI has observed that investors in India are being offered services by various firms thro...
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SEBI asks suspected shell cos to cooperate in forensic audits
Posted Date : 31-Oct-2018 , 08:58:01 am | Posted By CASANSAAR
Sebi has asked over a dozen suspected shell companies to extend cooperation to ensure completion of forensic audits in a time-bound manner, failing which they would face stringent trading curbs.
The forensic audit is being conducted by independent auditors appointed by stock exchange on the direc...
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SEBI proposes relaxed norms for startup listing
Posted Date : 29-Oct-2018 , 08:34:52 am | Posted By CASANSAAR
The Securities and Exchange Board of India has proposed to tweak listing norms for start-ups,in an attempt to make it more attractive for companies in sectors like e-commerce,data analytics and bio-technology.
The regulator has renamed the Institutional Trading Platform(ITP) as 'Innovat...
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SEBI to appoint Insolvency Professionals for sale of assets to recover investor money
Posted Date : 10-Oct-2018 , 08:51:13 am | Posted By CASANSAAR
SEBI has decided to bring in the concept of appointing an administrator for sale of assets to recover investor money. According to the new norms, a registered insolvency professional will be appointed as administrator to undertake sale of assets, SEBI said in a notification.
SEBI revised the proc...
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SEBI allows foreign entities in commodity derivatives market
Posted Date : 10-Oct-2018 , 08:42:06 am | Posted By CASANSAAR
With an aim to deepen the commodity derivatives market, regulator Sebi Tuesday allowed trading in the segment by foreign entities with exposure to the Indian physical commodity market.
Currently, foreign entities are not permitted to directly participate in the Indian commodity derivatives ...
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SEBI show-cause notice likely to Icra, IndRa, CARE in IL&FS failure
Posted Date : 08-Oct-2018 , 09:50:40 am | Posted By CASANSAAR
Leading credit rating agencies are likely to face regulatory action over the IL&FC fiasco. According to sources, the market regulator may soon issue show-cause notices to three top rating agencies — Icra, India Ratings & Research (IndRa) and CARE Ratings — over their failure to p...
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SEBI empanels KPMG, EY, Deloitte, 6 others to conduct forensic audit of listed companies
Posted Date : 05-Oct-2018 , 07:57:15 am | Posted By CASANSAAR
Market regulator Sebi has empanelled nine entities including KPMG, Grant Thornton and Ernst & Young Associates LLP for conducting forensic audits of financial statements of listed companies to check frauds. The other firms that have been selected are Deloitte Touche Tohmatsu India LLP, Chokshi &...
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SEBI has rights to regulate auditors for activities under its regulations - MCA
Posted Date : 21-Sep-2018 , 09:49:21 am | Posted By CASANSAAR
SEBI is "well within its rights" to regulate auditors with respect to activities under its regulations, a senior government official said amid chartered accountants' apex body ICAI raising concerns about the proposal. Corporate Affairs Secretary Injeti Srinivas also said that there wil...
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SEBI approves new KYC norms for FPIs
Posted Date : 18-Sep-2018 , 10:33:53 pm | Posted By CASANSAAR
The Securities and Exchange Board of India (SEBI) has approved new KYC norms for foreign portfolio investors.
Stating this the SEBI Chairman Ajay Tyagi said that new guidelines will be issued soon.
He said, SEBI to allow foreign portfolio investors to trade in commodity derivatives...
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SEBI may allow foreign entities in commodity markets
Posted Date : 14-Sep-2018 , 08:48:53 am | Posted By CASANSAAR
With an aim to deepen the commodity derivatives market, regulator Sebi is likely to consider a proposal to allow trading in this segment by foreign entities with exposure to the Indian physical commodity market.
Besides, the regulator may deliberate on the issue of introducing a common applicatio...
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SEBI extends deadline for FPIs to provide list of beneficial owners
Posted Date : 22-Aug-2018 , 09:47:14 am | Posted By CASANSAAR
In a relief to FPIs, markets regulator Sebi today extended the deadline by two months till December for providing a list of beneficial owners, and assured them that issues raised will be looked into by an expert panel.
The regulator, in April, had asked Category II and III foreign portfolio inves...
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