Sebi changes formats for limited review, audit reports
5 years, 5 months ago

Sebi changes formats for limited review, audit reports

India TV News  

Regulator Sebi on Friday tweaked the formats for limited review and audit report of listed entities in order to align it with the revised auditing standards. Providing new formats for audit report and limited review report in the circular, Sebi said that in view of revision in auditing standards by the Institute of Chartered Accountants of India, "audit report formats need to be aligned with SA 700 ". "This circular shall be applicable with respect to the financial results for the quarter ending September 30, 2019, and after," Sebi said. In March this year, Sebi came out with procedure and formats to be followed for limited review and audit report of listed entities after a new sub-regulation was inserted in the LODR norms which requires the statutory auditor of a listed entity to undertake a limited review of the audit of all the entities or companies whose accounts are to be consolidated with the listed entity as per the Accounting Standard 21.

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History of this topic

Sebi proposes online monitoring framework for stockbroker audits
1 month, 1 week ago

Sebi proposes online monitoring framework for stockbroker audits

Live Mint  

The Securities and Exchange Board of India has proposed a new online system to improve the monitoring and supervision of stockbrokers' system audits. This proposal, aimed at enhancing audit quality and accountability, will create a web-based platform for stock exchanges to oversee the system audit process for brokers in real-time. These risks include audits conducted without physical visits to stockbrokers’ …

Sebi norms may have partly fuelled recent FPI sell off
1 month, 1 week ago

Sebi norms may have partly fuelled recent FPI sell off

Live Mint  

MUMBAI : Was the humongous foreign portfolio investor selling of the past two months driven only by poor corporate earnings and rising bond yields in the US? One fund manager said some of the funds awaited global index provider MSCI's rebalancing of its Emerging Markets Index on 25 November. Another fund manager said the circular has been "a matter of …

SEBI imposes ₹9 lakh penalty on Reliance Securities for breaching market, stock broker norms
1 month, 2 weeks ago

SEBI imposes ₹9 lakh penalty on Reliance Securities for breaching market, stock broker norms

Live Mint  

Capital markets regulator Securities and Exchange Board of India on Friday, November 29, penalized Reliance Securities with ₹9 lakh for flouting market norms and stock broker rules. The order came after the regulator and exchanges, NSE and BSE, conducted a thematic onsite inspection of the books of accounts, records, and other documents of authorised persons of Reliance Securities Ltd, a …

SEBI imposes ₹9 lakh fine on Reliance Securities for ‘flouting market norms’
1 month, 2 weeks ago

SEBI imposes ₹9 lakh fine on Reliance Securities for ‘flouting market norms’

Hindustan Times  

The Securities and Exchange Board of India on Friday imposed a ₹9 lakh monetary penalty on Reliance Securities for “flouting market norms” and stock broker rules. According to a PTI report,the market regulator's order came after National Stock Exchange and Bombay Stock Exchange carried out a thematic onsite inspection of the books of accounts, records and other documents of authorised …

Sebi proposes revisions to custodian regulations
2 months 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 Imposes Rs 11 Lakh Fine On IIFL Securities For Compliance Failures
4 months, 3 weeks ago

SEBI Imposes Rs 11 Lakh Fine On IIFL Securities For Compliance Failures

Live Law  

The Securities and Exchange Board of India has levied a fine of Rs 11 lakh on IIFL Securities Limited for breaches of various regulatory guidelines under the Securities Contracts Rules and associated SEBI circulars. The SEBI order highlighted that IIFL Securities violated multiple provisions related to margin trading and client fund management. The broker was found to have transferred securities …

SEBI Fines IFGL Rs. 4 Lakh For Regulatory Breaches And Deficient Investor Grievance System
5 months, 3 weeks ago

SEBI Fines IFGL Rs. 4 Lakh For Regulatory Breaches And Deficient Investor Grievance System

Live Law  

The Securities and Exchange Board of India has fined Delhi-based Indian Finance Guaranty Ltd Rs. The primary issues identified included IFGL's engagement in fund-based activities and multiple deficiencies in its investor grievance redressal system. SEBI mandates that stock brokers must provide a designated email ID exclusively for investor grievances, yet IFGL used the personal email of its CEO and compliance …

Paytm gets Sebi warning on related party transactions with Payments Bank
5 months, 4 weeks ago

Paytm gets Sebi warning on related party transactions with Payments Bank

Hindustan Times  

Paytm's parent company One 97 Communications received an administrative warning letter from market regulator SEBI over related party transactions conducted by the company with Paytm Payments Bank for FY22. Sebi's administrative warning focuses on related party transactions valued at ₹324 crore and ₹36 crore, respectively. The markets regulator noted in the letter, “On one hand, the company claimed that it …

SEBI Extends Reporting Deadlines For Foreign Portfolio Investors, Offers Greater Flexibility
7 months, 1 week ago

SEBI Extends Reporting Deadlines For Foreign Portfolio Investors, Offers Greater Flexibility

Live Law  

The Securities and Exchange Board of India has introduced changes related to reporting requirements for Foreign Portfolio Investors which offers them greater flexibility. The primary modification introduced by SEBI involves the categorization of material changes notified by FPIs into two distinct groups: Type I and Type II. FPIs are required to report Type I changes within seven working days and …

Sebi extends timeline for verification of market rumours by listed entities
1 year, 3 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 Notifies Modification In Cyber Security, Cyber Resilience Framework Of Stock Exchanges, Clearing Corporations & Depositories
1 year, 4 months ago

SEBI Notifies Modification In Cyber Security, Cyber Resilience Framework Of Stock Exchanges, Clearing Corporations & Depositories

Live Law  

In a recent development, the Securities and Exchange Board of India has announced a notable modification in the Cyber Security and Cyber Resilience framework for Stock Exchanges, Clearing Corporations, and Depositories. SEBI's latest circular dated August 24, 2023, revises certain aspects of the existing cybersecurity guidelines. The revised framework mandates that Market Infrastructure Institutions must carry out comprehensive cyber audits …

SEBI (Settlement Proceedings) Amendment Regulations, 2023 | SEBI Empowers Panel Of Whole Time Members For Settlement Proceedings
1 year, 5 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 Mandates Enhance Disclosure Requirements For Certain FPIs
1 year, 5 months ago

SEBI Mandates Enhance Disclosure Requirements For Certain FPIs

ABP News  

In a bid to bring greater transparency, the Securities and Exchange Board of India on Friday introduced enhanced disclosure requirements for a certain class of Foreign Portfolio Investors. Notably, In June the market regulator had decided to mandate additional granular-level disclosures regarding ownership, economic interest, and control from certain FPIs. "A foreign portfolio investor that fulfills the criteria specified by …

SEBI Introduces Alternate Dispute Resolution Amendment Regulations 2023
1 year, 6 months ago

SEBI Introduces Alternate Dispute Resolution Amendment Regulations 2023

Live Law  

The Securities and Exchange Board of India issued a notification on July 3, 2023, introducing amendments to the Alternative Dispute Resolution Mechanism Regulations. Amendments to the Securities and Exchange Board of India Regulations, 1996: A new regulation, 17A, is inserted, stating that all claims, differences, or disputes between a custodian and its client shall be submitted to a dispute resolution …

Sebi slaps Rs 20 lakh on 4 entities for non-genuine trades
1 year, 6 months ago

Sebi slaps Rs 20 lakh on 4 entities for non-genuine trades

India TV News  

Capital markets regulator Sebi on Thursday slapped penalties totalling Rs 20 lakh on four entities for indulging in non-genuine trades in the illiquid stock options segment on BSE. The regulator imposed a fine of Rs 5 lakh each on Niruben Manojbhai Chudasama, Raj Kumar Lohiya, Nufact Merchandise Pvt Ltd and Nitu Agarwal. Sebi had observed large-scale reversal trades in the …

Coffee Day audit lapses: NFRA slaps ₹1.10 cr fine, ban on 2 auditors, 1 audit firm
1 year, 7 months ago

Coffee Day audit lapses: NFRA slaps ₹1.10 cr fine, ban on 2 auditors, 1 audit firm

Live Mint  

The National Financial Reporting Authority has imposed a ban and penalties totalling ₹1.10 crore on three entities, including two auditors, for alleged professional lapses in the auditing of Giri Vidhyuth Ltd, a subsidiary of Coffee Day Enterprises Ltd, for 2019-20. After markets regulator Sebi shared its investigation report in April 2022, audit regulator NFRA started probing the professional conduct of …

SEBI bars Bombay Dyeing, Ness Wadia, others from securities market for up to two years; imposes fines of ₹15.75 crore
2 years, 2 months ago

SEBI bars Bombay Dyeing, Ness Wadia, others from securities market for up to two years; imposes fines of ₹15.75 crore

The Hindu  

Securities and Exchange Board of India has barred 10 entities, including Bombay Dyeing & Manufacturing Company Limited and its promoters — Nusli N Wadia, Ness Wadia and Jehangir Wadia — from the securities markets for up to two years and levied a fine totalling ₹15.75 crore on them for being involved in a fraudulent scheme of misrepresenting the company's financial …

Sebi penalises Aadhaar Ventures, its directors for flouting market norms
2 years, 4 months ago

Sebi penalises Aadhaar Ventures, its directors for flouting market norms

Live Mint  

Sebi on Monday levied fines on Aadhaar Ventures India Ltd and its directors for violating insider trading rules and listing conditions. Sebi imposed a fine of ₹10 lakh on Aadhaar Ventures India Ltd, its directors -- Jils Raichand Madan, Somabhai Sunderbhai Meena and Jyoti Munver for disclosure lapses. Sebi conducted an early investigation for alleged price manipulation in the scrip …

Sebi orders forensic audit of Future Retail’s financials
2 years, 5 months ago

Sebi orders forensic audit of Future Retail’s financials

Live Mint  

The Securities and Exchange Board of India has ordered a forensic audit of the financials of Future Retail, the company told the stock exchange on Thursday. Future Consumer, a subsidiary, said Sebi has written to Future Retail’s interim resolution professional intimating the appointment of Chokshi & Chokshi as the forensic auditors. According to the letter, the forensic audit was initiated …

SEBI drops adjudication proceedings against RIL in alleged incorrect financial disclosures matter
3 years, 3 months ago

SEBI drops adjudication proceedings against RIL in alleged incorrect financial disclosures matter

The Hindu  

Markets watchdog SEBI has disposed of adjudication proceedings without imposing any penalty on Reliance Industries Ltd in a matter related to alleged incorrect disclosure of diluted earnings per share in its financial results more than 13 years ago. The quarterly financial statements submitted by Reliance Industries Ltd to the NSE for six consecutive quarters beginning June 2007 to September 2008 …

SEBI Imposes Rs 3 Lakh Penalty On Raj Kundra, Shilpa Shetty, Viaan Industries For Violating Insider Trading Norms
3 years, 5 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. …

Bombay HC upholds Sebi’s power to regulate fees of investment advisers
3 years, 6 months ago

Bombay HC upholds Sebi’s power to regulate fees of investment advisers

Live Mint  

The Bombay High Court has upheld the Securities and Exchange Board of India's power to regulate fees charged by investment advisers. Observing that the regulator has the power to cap investment advisers' fees, the court said the Act which governs Sebi gives it sweeping powers to make regulations as long as they are consistent with the Sebi Act and necessary …

Coronavirus Outbreak: SEBI eases compliance requirements for stock brokers, mutual funds; says closely monitoring situation in domestic market
4 years, 9 months 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 revises compensation, penalty norms under regaining of matched book rule
4 years, 10 months ago

Sebi revises compensation, penalty norms under regaining of matched book rule

India TV News  

Markets regulator Sebi on Tuesday revised norms of compensation and penalty applicable on termination of contracts under the regaining matched book regulations for commodity derivatives segment.The regulator in September 2016 had come out with risk-mitigating tools, christened as regaining matched book rule, for the commodity market. The revised norms call for voluntary tear-up at last mark-to-market price along with compensation …

IL&FS scam: SEBI slaps Rs 25 lakh fine each on ICRA, CARE; flays rating agencies for failing to exercise due diligence
5 years ago

IL&FS scam: SEBI slaps Rs 25 lakh fine each on ICRA, CARE; flays rating agencies for failing to exercise due diligence

Firstpost  

The Securities and Exchange Board of India also said the default by IL&FS occurred due to “lethargic indifference and needless procrastination and laxity” of these rating agencies. New Delhi: Markets regulator SEBI on Thursday imposed a penalty of Rs 25 lakh each on rating agencies ICRA and CARE for failing to exercise “due diligence” while assigning credit rating to the …

SEBI tightens disclosure norms on loan defaults, reduces time for rights issue to bolster capital markets
5 years, 1 month ago

SEBI tightens disclosure norms on loan defaults, reduces time for rights issue to bolster capital markets

Firstpost  

Sebi has made it compulsory for the top 1,000 listed companies to prepare annual business responsibility reports covering their activities related to environment and stakeholder relationships Mumbai: In significant steps to bolster capital markets, Sebi on 20 November decided to put in place stricter disclosure norms for loan defaults, ease time taken for rights issue to 31 days and hike …

Sebi levies Rs 37.6 lakh fine on 6 firms for fraudulent trading
5 years, 1 month ago

Sebi levies Rs 37.6 lakh fine on 6 firms for fraudulent trading

India TV News  

Capital markets regulator Sebi has levied a total fine of Rs 37.6 lakh on five entities for executing reversal trade in the illiquid stock options segment on the BSE. Vinayaka Finlease Pvt Ltd, Hi-Tech Chemicals Pvt Ltd, Hi-Tech Heritage Ltd, Gradgrind Barter Pvt Ltd, Toplight Commercials Ltd and Wrinkle Marketing Pvt Ltd are the firms facing penalty. The orders come …

Individual settles case of alleged fraudulent trading with Sebi by paying over Rs 2.3 crore
5 years, 2 months ago

Individual settles case of alleged fraudulent trading with Sebi by paying over Rs 2.3 crore

India TV News  

An individual has settled with markets regulator Sebi a case of alleged fraudulent trading in IPOs of IDFC, Sasken and Suzlon by paying over Rs 98 lakh as settlement charges and disgorging over Rs 1 crore of unlawful gains. It was alleged that a group of financiers provided finance to key operators towards making multiple applications in the IPOs and …

Sebi tightens norms for listed banks on bad loan disclosures
5 years, 2 months ago

Sebi tightens norms for listed banks on bad loan disclosures

India TV News  

Markets regulator Sebi on Thursday asked all listed banks to make disclosures about any divergence in provisioning of bad loans beyond specified threshold within 24 hours of receiving a risk assessment report from the Reserve Bank.The decision has been take in consultation with the Reserve Bank of India, the Securities and Exchange Board of India said in a circular. Accordingly, …

SEBI challenges SAT order on Price Waterhouse
5 years, 2 months ago

SEBI challenges SAT order on Price Waterhouse

India TV News  

The Securities Exchange and Board of India has moved the Supreme Court against the Securities Appellate Tribunal's decision to quash a two-year ban on international auditing firm Price Waterhouse due to its role in the Satyam Computer Services' fraud case. On September 9, the Securities Appellate Tribunal, Mumbai, overturned SEBI's order barring Price Waterhouse from auditing listed firms for a …

SEBI levies Rs 20.4 lakh fine on 4 firms for fraudulent trade in illiquid stock options
5 years, 2 months ago

SEBI levies Rs 20.4 lakh fine on 4 firms for fraudulent trade in illiquid stock options

India TV News  

Capital markets regulator Sebi has fined four firms a total amount of Rs 20.4 lakh for carrying out fraudulent trading in the illiquid stock options segment of the BSE. The regulator in separate orders noted that the firms violated provisions of Prohibition of Fraudulent and Unfair Trade Practices by executing reversal trades in the stock options segment of the bourse. …

SEBI tightens norms for resignation of auditors
5 years, 2 months ago

SEBI tightens norms for resignation of auditors

India TV News  

In the wake of a number of resignations in listed companies off late, the Securities and Exchange Board of India on Friday floated stricter disclosure norms for resignation of auditors. "Sub-clause inserted under Clause A in Part A of Schedule III under Regulation 30of SEBI LODR Regulations requires detailed reasons to be disclosed by the listed entities to the stock …

Sebi comes out with framework for issuance of depository receipts
5 years, 3 months ago

Sebi comes out with framework for issuance of depository receipts

Live Mint  

Markets regulator Sebi on Thursday came out with a detailed framework for issuance of depository receipts, a move that will provide Indian companies increased access to foreign funds. A company proposing to make a public offer and list on a stock exchange, and also simultaneously plans to issue permissible securities or transfer such securities of existing holders, for the purpose …

Sebi floats tighter norms for full disclosure on loan defaults with rating agencies
5 years, 3 months ago

Sebi floats tighter norms for full disclosure on loan defaults with rating agencies

India TV News  

Markets regulator Sebi has come out with new norms that make it mandatory for companies to provide details on delayed loan repayments and possible defaults to credit rating agencies amid concerns over banks citing 'client confidentiality' to resist sharing of such information by their borrowers. The new framework would enable credit rating agencies to get timely information on possible defaults. …

Sebi imposes Rs 12 lakh fine on ICICI Bank, compliance officer for disclosure lapses
5 years, 4 months ago

Sebi imposes Rs 12 lakh fine on ICICI Bank, compliance officer for disclosure lapses

India TV News  

Capital markets regulator Sebi on Thursday levied a total fine of Rs 12 lakh on ICICI Bank Ltd and its compliance officer Sandeep Batra for disclosure lapses, including delayed disclosure of binding agreement signed with Bank of Rajasthan. The probe revealed that ICICI Bank failed to disclose the information regarding signing of the binding agreement to the stock exchanges in …

Sebi imposes ₹12 lakh fine on ICICI Bank, compliance officer for disclosure lapses
5 years, 4 months ago

Sebi imposes ₹12 lakh fine on ICICI Bank, compliance officer for disclosure lapses

Live Mint  

Capital markets regulator Sebi on Thursday levied a total fine of ₹12 lakh on ICICI Bank Ltd and its compliance officer Sandeep Batra for disclosure lapses, including delayed disclosure of binding agreement signed with Bank of Rajasthan. The probe revealed that ICICI Bank failed to disclose the information regarding signing of the binding agreement to the stock exchanges in a …

SEBI mulls slew of reforms; tighter check on rating agencies, reward and hotline for informants
5 years, 4 months ago

SEBI mulls slew of reforms; tighter check on rating agencies, reward and hotline for informants

Firstpost  

New Delhi: With an aim to further safeguard investors’ interests and to take defaulters to the task, capital market regulator SEBI is planning to unveil a slew of reforms, including for greater checks on credit rating agencies and for rewarding informants in insider trading cases with up to Rs 1 crore reward. The regulator is also planning to ease its …

Sebi moots stricter disclosures on auditor resignation
5 years, 5 months ago

Sebi moots stricter disclosures on auditor resignation

India TV News  

Markets regulator Sebi on Thursday proposed stricter disclosures, including detailed reasons, on resignation of auditors, amid rising instances of auditors quitting companies. In order to enhance responsible behaviour of auditors and strengthen the disclosures to investors and stakeholders it is proposed that if the auditor has signed the audit report for all quarters of a financial year, except the last …

Sebi changes disclosure norms for listed banks. Details here
5 years, 5 months ago

Sebi changes disclosure norms for listed banks. Details here

India TV News  

Markets regulator Sebi has made changes in the disclosure requirements for listed banks regarding divergence in provisioning of assets. The changes made in the disclosure norms are "in line with the revised RBI requirements," the regulator said in a circular dated July 17. Here are the changes in the disclosure norms: As per the circular, listed banks will have to …

Sebi provides new format for compliance report on corporate governance
5 years, 5 months ago

Sebi provides new format for compliance report on corporate governance

India TV News  

Markets regulator Sebi Tuesday came out with a new format for compliance report on corporate governance to be submitted by listed companies to stock exchanges. In a circular, the regulator prescribed a new format for disclosures to be made on a quarterly basis, the annual basis for the whole of financial year and within six months from the end of …

Sebi issued 47 warning letters to mutual fund houses in 2018-19
5 years, 6 months ago

Sebi issued 47 warning letters to mutual fund houses in 2018-19

India TV News  

Sebi issued 47 warning letters to mutual fund houses in the last financial year, and the watchdog in consultation with the central government is examining various issues related to mutual funds on a continuous basis. In a written reply to the Lok Sabha, Union minister Anurag Thakur said that Sebi, in its regulatory oversight, has noticed various irregularities with respect …

Fraudulent trade: Sebi imposes Rs 10 lakh fine on four individuals
5 years, 6 months ago

Fraudulent trade: Sebi imposes Rs 10 lakh fine on four individuals

India TV News  

Markets regulator Sebi Monday imposed a total fine of Rs 10 lakh on four individuals for manipulating the share price of Shree Shaleen Textiles Ltd. Anjana Arun Karwa, Jayeshkumar Narottamdas Gandhi, Bharati Jayesh Gandhi, Deval Jayesh Gandhi are the four facing the penalty, as per Sebi's separate orders. The regulator had conducted probe from March 2012 to March 2013 relating …

Sebi fines 4 entities Rs 21 lakh for fraudulent trading in BSE stock options
5 years, 6 months ago

Sebi fines 4 entities Rs 21 lakh for fraudulent trading in BSE stock options

India TV News  

Markets regulator Sebi has imposed a total fine of Rs 21 lakh on four entities for carrying out fraudulent trades in the illiquid stock options segment on the BSE. ENPAR Fortune Pvt Ltd, Flyhigh Exports Pvt Ltd, and Anuj Katta were fined Rs 5 lakh each, while Arham Share Consultants Pvt Ltd has levied a penalty of Rs 6.20 lakh, …

SEBI imposes Rs 60 lakh fine on 9 entities for fraudulent trading in scrip of Exdon Trading Company
5 years, 7 months ago

SEBI imposes Rs 60 lakh fine on 9 entities for fraudulent trading in scrip of Exdon Trading Company

Firstpost  

The SEBI conducted an investigation into the trading of the scrip of Exdon between May 2013 and March 2015, and found that the entities were connected to each other. New Delhi: Market regulator SEBI has slapped a total penalty of Rs 60 lakh on nine entities for indulging in manipulative trading in the scrip of Exdon Trading Company Ltd. Out …

Sebi seeks greater powers to inspect books of listed companies to thwart financial frauds
5 years, 9 months ago

Sebi seeks greater powers to inspect books of listed companies to thwart financial frauds

Firstpost  

Sebi has proposed a heavy penalty for altering, destroying, mutilating, concealing or falsifying records and documents or other tangible objects New Delhi: With an aim to thwart financial frauds, regulator Sebi has sought powers to conduct inspection of books of accounts of listed companies for contravention of any securities law and also to take direct action against the fraudsters. The …

Sebi board approves lowering of fees for brokers, exchanges
5 years, 10 months ago

Sebi board approves lowering of fees for brokers, exchanges

Live Mint  

Seeking to make it more cost-effective to trade in Indian stock markets, regulator Sebi's board on Friday approved lowering of fees charged from brokers, stock exchanges and the companies seeking to get listed. At a meeting here, the board approved reduction in fees payable by brokers by 33.33 per cent from ₹15 per crore of transactions to ₹10, while the …

Sebi comes out with new rules governing changes in issue size
6 years ago

Sebi comes out with new rules governing changes in issue size

Live Mint  

New Delhi: Markets regulator Sebi has come out with new norms, that entails filing of fresh offer documents in those cases where there has been a change in issue size. Under the new rules, filing of a fresh offer document is required in case of any increase or decrease in the estimated issue size by more than 20 per cent, …

SEBI proposes new rules to penalise auditors, valuers: Is the market watchdog overstepping its mandate?
6 years, 5 months ago

SEBI proposes new rules to penalise auditors, valuers: Is the market watchdog overstepping its mandate?

Firstpost  

Curiously, while SEBI lays down duties as well as the punishment for auditors and others, it does not give them specific powers. The Securities and Exchange Board of India has proposed new rules to allow it to take direct action against auditors, valuers, company secretaries, among others. Earlier, the Bombay High Court, in 2010, had affirmed that the SEBI had …

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