SEBI's new disclosure norms for listed companies to kick in from Saturday
1 year, 8 months ago

SEBI's new disclosure norms for listed companies to kick in from Saturday

The Hindu  

The compliance burden on listed companies is set to increase from Saturday as capital markets regulator SEBI has put in place a stricter timeline for disclosure of material events or information by them. The regulator has asked companies to disclose agreements entered into by shareholders, promoters, related parties, directors, key managerial personnel, and employees of the listed entity or of its subsidiary, which can impact the management and control of such firms to stock exchanges. Such agreements need to be disclosed within 12 hours in case a listed entity is a party and within 24 hours where the listed entity is not a party. Further, for material events or information that emanate from the listed entity, including those related to acquisitions, Scheme of Arrangement, consolidation of shares, and buyback of securities, the timeline for disclosure by the entity has been set at 12 hours, according to a SEBI circular.

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History of this topic

Disclosure dilemma: Why Sebi’s new rules on related-party transactions are under fire
2 weeks, 1 day ago

Disclosure dilemma: Why Sebi’s new rules on related-party transactions are under fire

Live Mint  

The market regulator’s recent guidelines outlining tougher disclosure requirements for related-party transactions has sparked significant apprehension about increased compliance burdens and potential operational delays. The main concerns over Sebi’s new rules on related-party transactions Increased compliance burden Companies must provide extensive financial details, and valuation reports to get approvals for related-party transactions. Multiple standards Market experts argue that the Sebi …

Disclosure rules on related-party transaction
1 month, 1 week ago

Disclosure rules on related-party transaction

New Indian Express  

NEW DELHI: Markets regulator Sebi on Saturday introduced industry standards for the minimum information that listed entities are need to provide to the audit committee and shareholders when seeking approval for the related-party transactions. The Industry Standards Forum comprising representatives from three industry associations -- ASSOCHAM, CII and FICCI -- have formulated these standards for minimum information to be provided …

Sebi settles adjudication proceedings against Paytm executives
2 months, 1 week ago

Sebi settles adjudication proceedings against Paytm executives

Live Mint  

Mumbai: Markets regulator Securities and Exchange Board of India has settled adjudication proceedings against several executives and independent directors of One97 Communications Ltd, the parent of fintech firm Paytm, for alleged violations of securities laws. The adjudication proceedings stemmed from concerns raised by Sebi in July 2023 regarding the actions of Amit Khera, Paytm’s then-compliance officer and company secretary, as …

SEBI changes rule to determine m-cap of listed firms; 6-month average to be used now
10 months ago

SEBI changes rule to determine m-cap of listed firms; 6-month average to be used now

The Hindu  

Markets regulator SEBI has revamped the method for calculating the market capitalisation of listed companies under the Listing Obligations and Disclosure Requirements rules. Market experts believe the market capitalisation of a listed entity keeps fluctuating on a daily basis based on market dynamics and, therefore, an average of market capitalisation figures over a reasonable period of time would more accurately …

SEBI pushes for ease of doing business, approves relaxations for FPIs, AIFs, fund-raising entities
1 year ago

SEBI pushes for ease of doing business, approves relaxations for FPIs, AIFs, fund-raising entities

India TV News  

Business news: Regulator Securities and Exchange Board of India on Friday approved a raft of relaxations for foreign portfolio investors, alternative investment funds and entities seeking to raise funds through initial share sales, as part of facilitating the ease of doing business in the securities market. "Verifiable compliance with such due-diligence requirements would provide the regulatory comfort necessary for the …

Sebi extends timeline for verification of market rumours by listed entities
1 year, 5 months ago

Sebi extends timeline for verification of market rumours by listed entities

Live Mint  

The Securities and Exchange Board of India has extended the timeline for verification of market rumours by listed entities. “It has been decided to extend the effective date of implementation of the proviso to regulation 30 of the LODR Regulations for top 100 listed entities by market capitalization, to February 1, 2024 and for top 250 listed entities by market …

SEBI (Settlement Proceedings) Amendment Regulations, 2023 | SEBI Empowers Panel Of Whole Time Members For Settlement Proceedings
1 year, 7 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 …

SEBI Circular On Disclosure Of Material Events By Listed Entities Under Regulations 30 And 30a Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015
1 year, 8 months ago

SEBI Circular On Disclosure Of Material Events By Listed Entities Under Regulations 30 And 30a Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015

Live Law  

The Securities and Exchange Board of India has released a significant clarification regarding the disclosure of material events and information by listed entities under Regulations 30 and 30A of the SEBI Regulations, 2015. The circular, issued on July 13, 2023, aims to enhance transparency and ensure timely disclosure of crucial events or information by listed entities. The previous circular provided …

SEBI Imposes Rs 3 Lakh Penalty On Raj Kundra, Shilpa Shetty, Viaan Industries For Violating Insider Trading Norms
3 years, 7 months ago

SEBI Imposes Rs 3 Lakh Penalty On Raj Kundra, Shilpa Shetty, Viaan Industries For Violating Insider Trading Norms

Live Law  

The Securities and Exchange Board of India has imposed a penalty of Rs 3 lakhs on Viaan Industries and its promoters Shilpa Shetty and her husband Raj Kundra for violating SEBI Regulations, 2015.The order was passed based on an investigation into the tradings of the company listed in Bombay Stock Exchange during the period 2013- 2015.On October 29, 2015, VIL. …

SEBI asks listed companies to make disclosure about impact of coronavirus pandemic on business
4 years, 10 months ago

SEBI asks listed companies to make disclosure about impact of coronavirus pandemic on business

Firstpost  

Markets regulator SEBI on Wednesday asked listed companies to make a disclosure about the impact of coronavirus pandemic on their business to investors and stakeholders in a timely and cogent manner New Delhi: Markets regulator SEBI on Wednesday asked listed companies to make a disclosure about the impact of coronavirus pandemic on their business to investors and stakeholders in a …

Coronavirus Outbreak: SEBI eases compliance requirements for stock brokers, mutual funds; says closely monitoring situation in domestic market
5 years ago

Coronavirus Outbreak: SEBI eases compliance requirements for stock brokers, mutual funds; says closely monitoring situation in domestic market

Firstpost  

With regard to relaxation to mutual fund houses, SEBI said deadline for half-yearly disclosures of financial results have been extended by one month till May 31. New Delhi: In a bid to reduce compliance burden on market participants, SEBI on Monday provided various relaxations to stock brokers and mutual fund houses, including extension in deadline for submission of financial results …

Sebi disposes of disclosure case against SBICAP Trustee Company, says 'not blameworthy to impose penalty'
5 years, 10 months ago

Sebi disposes of disclosure case against SBICAP Trustee Company, says 'not blameworthy to impose penalty'

Firstpost  

New Delhi: Markets regulator Sebi on Tuesday disposed of allegations of disclosure lapses made against SBICAP Trustee Company with respect to pledging of shares of Empee Sugars and Chemicals. SBICAP Trustee is a wholly-owned subsidiary of SBI Capital Markets Ltd. “… the view that the delayed disclosure in this case was in good faith and the same is venial and …

SEBI plans framework to check non-compliance of listing rules, exchanges to have power to freeze promoter shareholding
7 years ago

SEBI plans framework to check non-compliance of listing rules, exchanges to have power to freeze promoter shareholding

Firstpost  

SEBI plans to put in place a mechanism to check non-compliance of listing conditions, wherein exchanges will have powers to freeze promoter shareholding New Delhi: SEBI plans to put in place a stronger mechanism to check non-compliance of listing conditions, wherein exchanges will have powers to freeze promoter shareholding and even delist the shares of such defaulting companies. Under the …

SEBI to debate market reforms at upcoming board meeting; insolvency proceeding norms, algo trading on agenda
7 years ago

SEBI to debate market reforms at upcoming board meeting; insolvency proceeding norms, algo trading on agenda

Firstpost  

SEBI will take up number of measures for discussion including overhaul of algo trading rules at its board meeting on 28 March Capital markets regulator Securities and Exchange Board of India will take up a number of measures for discussion at its upcoming board meeting on 28 March, including the overhaul of algorithmic trading rules, enhancing regulatory oversight over auditors …

Sebi panel recommends shareholders’ nod for royalty payment
7 years, 5 months ago

Sebi panel recommends shareholders’ nod for royalty payment

Live Mint  

New Delhi: To improve corporate governance at listed companies, a high-profile Sebi panel has recommended payments made by such entities to related parties for usage of brand and royalty should need approval from majority of non- promoter shareholders. add_main_imageIn case, where royalty payout levels exceed 5% of consolidated revenues, the panel headed by eminent banker Uday Kotak suggested the terms …

Loan default: Listed companies get a breather from SEBI
7 years, 5 months ago

Loan default: Listed companies get a breather from SEBI

The Hindu  

Markets regulator SEBI has put off implementation of its directive “until further notice” that required listed firms to inform exchanges if they default on loan payments to banks and financial institutions. Last month, the regulator had directed listed companies to disclose from October 1 any payment defaults to banks and financial institutions within one working day of such a miss. …

Sebi tightens corp disclosure norms; asks bourses to up vigil
11 years, 4 months ago

Sebi tightens corp disclosure norms; asks bourses to up vigil

India TV News  

Mumbai: Concerned over large-scale discrepancies in mandatory disclosures by listed firms, Sebi Monday tightened its regulations in this regard and asked bourses to put in place a stronger mechanism with additional manpower to monitor adequacy and accuracy of such disclosures. The companies would also have to provide the details of their promoters, directors and/or key management personnel who would be …

SEBI acts against firms defaulting on shareholding norms
11 years, 9 months ago

SEBI acts against firms defaulting on shareholding norms

The Hindu  

The Securities and Exchange Board of India on Tuesday prohibited the promoters and directors of companies that failed to comply with the minimum public shareholding requirement of 25 per cent from dealing in securities of their companies till they complete the process. In an order issued late in the night, SEBI said that 105 listed companies failed to comply with …

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