Market surge emphasizes importance of Sebi, SAT: CJI DY Chandrachud
5 months, 2 weeks ago

Market surge emphasizes importance of Sebi, SAT: CJI DY Chandrachud

Live Mint  

Chief Justice of India D.Y. Chandrachud on Thursday emphasized the importance of market regulator Securities and Exchange Board of India and its appellate body Securities Appellate Tribunal in view of the relentless surge in stock prices. “It gives you a sense of the market sentiment," justice Chandrachud said, adding that it also “emphasizes the importance of regulatory authorities including Sebi and SAT; just tells that we are into wins, but it is equally important for others to hold their balance and nerves at such times.” He was speaking at the inauguration of a new office premises of SAT at Mittal Court, Nariman Point area of Mumbai. Regulators like Sebi and appellate forums like SAT assumed immense national importance for fostering stable and predictable investment environment, he said. Also | Sebi closes probe into former Unitech promoters, cites lack of evidence “Therefore, it has to be a person, not necessarily someone who has practised securities law or presided over securities regulation cases, but has a robust understanding of the regulation.

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History of this topic

Sebi suspends Bharat Global trading after stock rally 10,000 per cent in one year
1 day, 7 hours ago

Sebi suspends Bharat Global trading after stock rally 10,000 per cent in one year

New Indian Express  

MUMBAI: The market regulator Sebi has ordered the suspension of trading in Bharat Global Developers’ stocks, which have surged more than 10,000 per cent in the past year. The decision came after it was discovered that the company had falsely claimed to have secured large orders from marquee corporates like Reliance, Tata Group, UPL, and McCain India Agro. In a …

How top bureaucrat GV Ramakrishna turned bullfighter to clean up India's stock market
2 weeks, 4 days ago

How top bureaucrat GV Ramakrishna turned bullfighter to clean up India's stock market

Live Mint  

Till the 1980s, the Bombay Stock Exchange resembled the Wild West, with a cabal of brokers who brooked no resistance from regulators, running the place as they pleased. In 1990, two years after retiring from the IAS, he was appointed Sebi chief just ahead of India’s economic liberalization that began the following year. But GVR’s most telling blow came when …

Sebi proposes revisions to custodian regulations
1 month, 1 week ago

Sebi proposes revisions to custodian regulations

Live Mint  

The Securities and Exchange Board of India has issued a consultation paper seeking feedback on proposed updates to the Sebi Regulations, which govern the operations of custodians in the Indian securities market. Given the importance of custodians in ensuring smooth market operations, especially for institutional investors, the consultation paper proposes several changes to enhance regulatory oversight and operational resilience. Sebi …

SEBI’s Buch Under Pressure: Can India’s Market Watchdog Chief Weather the Storm?
4 months, 1 week ago

SEBI’s Buch Under Pressure: Can India’s Market Watchdog Chief Weather the Storm?

The Hindu  

Published : Aug 16, 2024 20:42 IST - 8 MINS READ When the Satyam scam came to light in January 2009, it was a bolt from the blue for India’s stock market. The report accuses Buch of investing in an offshore Mauritius fund that’s part of the very fund structure being probed by SEBI for its fund flows into Adani …

SEBI Proposes Amendments To Handle Securities Law Violations By Intermediaries Through Summary Proceedings
5 months, 1 week ago

SEBI Proposes Amendments To Handle Securities Law Violations By Intermediaries Through Summary Proceedings

Live Law  

The Securities and Exchange Board of India has issued a consultation paper proposing amendments to the SEBI Regulations, 2008 which introduces provisions for summary proceedings to handle specific types of securities law violations by intermediaries. The introduction of summary proceedings addresses issues observed in the current regulatory framework. However, SEBI has noted an increased number of violations by other intermediaries, …

CJI Chandrachud bats for additional Securities Appellate Tribunal benches: All you need to know about it
5 months, 2 weeks ago

CJI Chandrachud bats for additional Securities Appellate Tribunal benches: All you need to know about it

India TV News  

Chief Justice of India DY Chandrachud has emphasised the need for additional Securities Appellate Tribunals to accommodate the rapid growth in the market and the increased volume of financial transactions. SAT's presiding officer Justice PS Dinesh Kumar said there are 1,028 pending appeals in the SAT and it has disposed of over 6,700 appeals since its inception in 1997. Securities …

CJI DY Chandrachud highlights importance of SEBI and SAT in providing stable investment environment
5 months, 2 weeks ago

CJI DY Chandrachud highlights importance of SEBI and SAT in providing stable investment environment

Deccan Chronicle  

Mumbai: Chief Justice of India, DY Chandrachud, inaugurated the new premises of the Securities Appellate Tribunal at Mittal Court in Mumbai on Thursday and highlighted the importance of Securities and Exchange Board of India and SAT amidst surges in the stock market. "Therefore, regulators like SEBI and appellate forums like the SAT assume immense national importance in fostering a stable …

Respecting SEBI’s mandate, expertise, functional freedom
11 months, 1 week ago

Respecting SEBI’s mandate, expertise, functional freedom

Hindustan Times  

On January 3, the Supreme Court disposed of four writ petitions filed in the wake of two reports that raised multiple allegations against the Adani group of companies. The first principle is reproduced below: “Courts do not and cannot act as appellate authorities examining the correctness, suitability, and appropriateness of a policy, nor are courts advisors to expert regulatory agencies …

Adani-Hindenburg: The apex court has endorsed regulatory independence
11 months, 2 weeks ago

Adani-Hindenburg: The apex court has endorsed regulatory independence

Live Mint  

In its decision of 3 January on the matter of an Adani Group probe in the wake of Hindenburg’s allegations, the Supreme Court upheld trust in the regulatory system under the Securities and Exchange Board of India, emphasizing its commitment to financial transparency and market integrity, by endorsing Sebi’s regulations. The SC also directed Sebi to scrutinize any “infractions" by …

Shielding SEBI: On Supreme Court’s ruling and SEBI probe
11 months, 2 weeks ago

Shielding SEBI: On Supreme Court’s ruling and SEBI probe

The Hindu  

The Supreme Court of India’s ruling on a batch of petitions, filed in the wake of a U.S.-based short seller’s allegations of malfeasance including stock price manipulation at the Adani group of companies, has squarely tossed the ball back to the markets regulator’s court. The Court has opted to subordinate petitioners’ entreaties to protect larger public interest to its chariness …

SEBI (Settlement Proceedings) Amendment Regulations, 2023 | SEBI Empowers Panel Of Whole Time Members For Settlement Proceedings
1 year, 4 months ago

SEBI (Settlement Proceedings) Amendment Regulations, 2023 | SEBI Empowers Panel Of Whole Time Members For Settlement Proceedings

Live Law  

In a significant development, the Securities and Exchange Board of India has introduced an amendment to the Securities and Exchange Board of India Regulations, 2018, via the Securities and Exchange Board of India Regulations, 2023. The Securities and Exchange Board of India has exercised its powers under Section 15JB of the Securities and Exchange Board of India Act, 1992, Section …

Zee Promoters Approach Securities Appellate Tribunal Against SEBI Order: Report
1 year, 6 months ago

Zee Promoters Approach Securities Appellate Tribunal Against SEBI Order: Report

ABP News  

The promoters of Zee Entertainment Enterprises Ltd have approached the Securities Appellate Tribunal to seek relief against the SEBI's order on Tuesday. Shares of Zee Entertainment Enterprises fell over 6.50 per cent in morning trade on Tuesday after SEBI banned Essel Group chairman Subhash Chandra and ZEEL's Punit Goenka from holding any directorial or key managerial position in any listed …

Explained | How is the stock market regulated in India?
1 year, 10 months ago

Explained | How is the stock market regulated in India?

The Hindu  

The story so far: On February 10, the Supreme Court asked the Securities and Exchange Board of India and the government to produce the existing regulatory framework in place to protect investors from share market volatility. The SCRA empowers SEBI to recognise stock exchanges, prescribe rules and bye laws for their functioning, and regulate trading, clearing and settlement on stock …

Adani-Hindeburg :'How To Protect Indian Investors?', Supreme Court Seeks Views Of Centre, SEBI On Strengthening Regulatory Framework
1 year, 10 months ago

Adani-Hindeburg :'How To Protect Indian Investors?', Supreme Court Seeks Views Of Centre, SEBI On Strengthening Regulatory Framework

Live Law  

In the wake of Adani-Hindenburg issue, the Supreme Court on Friday expressed concerns about protecting Indian investors and sought the views of the Union Government and the Securities and Exchange Board of India on suggestions to improve the regulatory mechanism.The bench led by Chief Justice of India DY Chandrachud also proposed the constitution of an expert committee to give. In …

Sebi’s plan to separate brokers from your money
2 years ago

Sebi’s plan to separate brokers from your money

Live Mint  

In the third week of October, brokers from across India had gathered at the Taj Lands End hotel in Mumbai for their first mega physical gathering since the onset of the pandemic. If Sebi’s plans go ahead, brokers will only execute buy or sell trades and no money from an investor’s bank account will go into a broker’s account. How …

Stock Broker Should Obtain A Certificate Of Registration From SEBI For Each Of The Stock Exchange Where He Operates : Supreme Court
2 years, 2 months ago

Stock Broker Should Obtain A Certificate Of Registration From SEBI For Each Of The Stock Exchange Where He Operates : Supreme Court

Live Law  

The Supreme Court held that a stock broker should obtain a certificate of registration from SEBI for each of the stock exchange where he operates.The bench of Justices Ajay Rastogi and BV Nagarathna disagreed with the Delhi High Court judgment that a single registration with Securities and Exchange Board of India is sufficient even if the stock broker has various …

Ex-chief of National Stock Exchange sought advice from Himalyan Yogi, says Sebi
2 years, 10 months ago

Ex-chief of National Stock Exchange sought advice from Himalyan Yogi, says Sebi

India Today  

The former head of India's largest stock exchange shared confidential information with a yogi and sought his advice on crucial decisions, a probe by the market regulator has found, ahead of the bourse's much-awaited public listing. In a case of "bizarre misconduct" that was a "glaring breach" of regulations, Chitra Ramkrishna, the former chief executive of National Stock Exchange, shared …

SEBI probed 94 new cases for flouting securities law in FY21
3 years, 4 months ago

SEBI probed 94 new cases for flouting securities law in FY21

India TV News  

As many as 94 fresh cases pertaining to flouting of securities norms were taken up for investigation by the Securities and Exchange Board of India in 2020-21, marking a decline of 42 per cent from the preceding financial year, as per the regulator's latest annual report. "During 2020-21, 94 new cases were taken up for investigation and 140 cases completed …

SEBI Has Power To Regulate Winding-Up Of Mutual Fund Schemes To Protect Investors : Supreme Court
3 years, 5 months ago

SEBI Has Power To Regulate Winding-Up Of Mutual Fund Schemes To Protect Investors : Supreme Court

Live Law  

The Supreme Court has held that that the Securities and Exchange Board of India has the power to intervene in case of violations and incorrect decisions taken by trustees to wind-up schemes, as well as to prevent any intermediary from behaving in a manner that may be detrimental to investors.A bench comprising Justices S Abdul Nazeer and Sanjiv Khanna held …

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