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 for review of the audit committee and shareholders for approval of related party transactions in consultation with Sebi under the aegis of the stock exchanges. The industry associations and stock exchanges will publish these standards on their websites to facilitate a uniform approach and assist listed entities in complying with the requirements, the Securities and Exchange Board of India said in a circular on Friday. Under Sebi’s LODR rules, related party transactions require approval by the audit committee and from the shareholders as well, if material.

Related Party Transactions  requirements  stock  relatedparty  transactions  disclosure  transaction  industry  sebi  audit  committee  rules  standards  approval  shareholders

History of this topic

SEBI Broadens Scope of Unpublished Price Sensitive Information; Details Inside
1 week, 5 days ago

SEBI Broadens Scope of Unpublished Price Sensitive Information; Details Inside

ABP News  

Markets regulator Sebi has widened the ambit of the scope of Unpublished Price Sensitive Information by including any proposed fundraising activities agreements which can impact the management or control of the company, restructuring plans, and one-time bank settlements. Sebi said that fraud or defaults by the company, its promoter, director, key managerial personnel, or subsidiary or arrest of key managerial …

Sebi mulls changes in secretarial compliance report format, auditors’ appointment norms for cos
1 month, 2 weeks ago

Sebi mulls changes in secretarial compliance report format, auditors’ appointment norms for cos

Live Mint  

New Delhi, Feb 9 To strengthen corporate governance at listed firms, Sebi has proposed a revised format for annual secretarial compliance report, eligibility criteria for the appointment of auditors and inclusion of monetary thresholds for Related Party Transactions approvals. In its consultation paper, Sebi has proposed changes to improve the format and content of the Annual Secretarial Compliance Report, aiming …

Sebi notches up governance norms and easing procedures: What it means for investors
1 month, 2 weeks ago

Sebi notches up governance norms and easing procedures: What it means for investors

Live Mint  

The market regulator’s latest updates to the listing regulations present a wholesome platter of governance enhancements, accompanied by a fine glass of procedural easing to wash it down. Sebi’s changes in this matter aim at bolstering the independence of secretarial auditors by introducing stricter conditions including mandatory rotation of secretarial auditors, mirroring the approach already present for statutory auditors. Sebi …

SEBI plans new measures for IPO trading amid surge in first-time share sales
2 months ago

SEBI plans new measures for IPO trading amid surge in first-time share sales

Hindustan Times  

India’s securities market regulator is considering steps to formalize trading in initial public offerings where bidding has closed, but the shares are yet to be listed. Madhabi Puri Buch, the chairwoman of the Securities and Exchange Board of India, stated that investors who get allocations may be permitted to exchange their right to those shares before the listing. The Securities …

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 asks mutual funds to disclose information ratio of schemes
2 months, 1 week ago

SEBI asks mutual funds to disclose information ratio of schemes

The Hindu  

To bring more transparency in disclosures made by AMCs and aid better decision-making by investors, Securities and Exchange Board of India on Friday directed mutual funds to disclose the information ratio of a scheme along with performance disclosure. “Considering the significance of volatility of performance in determining the suitability of MF schemes, the information ratio is an established financial ratio …

SEBI proposes mandatory issuance of new securities in demat form post stock split, mergers
2 months, 1 week ago

SEBI proposes mandatory issuance of new securities in demat form post stock split, mergers

Live Mint  

To encourage demat holding of securities, Sebi on Tuesday proposed mandating listed companies to issue securities only in demat form following stock split, consolidation of face value of shares, and merger or demerger. Considering this, while Sebi is encouraging holding of securities in demat form by the investors, at present a few investors hold securities in physical form. Accordingly, to …

Sebi to simplify registration for FPIs looking to invest in govt securities
2 months, 2 weeks ago

Sebi to simplify registration for FPIs looking to invest in govt securities

Live Mint  

Mumbai: India's capital markets regulator is set to ease the registration of foreign portfolio investors if they want to invest in government-backed securities, even as it proposed doubling the equity investment threshold set for granular disclosures by FPIs to ₹50,000 crore. "There will be zero requirements for a lot of things including investor group all that data will not be …

SEBI makes IPO rules stricter for small firms, overhauls investment banking norms
3 months ago

SEBI makes IPO rules stricter for small firms, overhauls investment banking norms

Hindustan Times  

The Securities and Exchange Board of India board approved a series of measures on Wednesday, including stricter regulatory norms for small and medium enterprises' IPOs. The board has also green lit a comprehensive overhaul of investment banking regulations, and an expanded definition of Unpublished Price Sensitive Information. In a statement after the board meeting, SEBI has decided to introduce specific …

SEBI Tightens Rules on Offshore Derivative Instruments to Boost Transparency
3 months, 1 week ago

SEBI Tightens Rules on Offshore Derivative Instruments to Boost Transparency

Deccan Chronicle  

The Securities and Exchange Board of India has introduced significant changes to the regulations governing Offshore Derivative Instruments issued by Foreign Portfolio Investors. A circular issued on Tuesday outlined the new requirements aimed at enhancing market transparency and stability.Under the revised framework, FPIs are prohibited from issuing ODIs with derivatives as their underlying assets or using derivatives to hedge their …

Sebi to review proposals on SME IPOs, insider trading rules and more at 18 Dec board meeting
3 months, 1 week ago

Sebi to review proposals on SME IPOs, insider trading rules and more at 18 Dec board meeting

Live Mint  

The Securities and Exchange Board of India may approve proposals that will affect small and medium enterprises, angel funds, and the broader securities market through IPO regulations, insider trading rules, and compliance for registered entities during its board meeting on 18 December. Changes to insider trading rules The board is also expected to expand the definition of unpublished price-sensitive information …

SEBI Warns Against Trading Unlisted Securities on Unauthorized Platforms
3 months, 2 weeks ago

SEBI Warns Against Trading Unlisted Securities on Unauthorized Platforms

Deccan Chronicle  

The Securities and Exchange Board of India has issued a cautionary advisory to investors, warning against trading in securities of unlisted public limited companies on unauthorized electronic platforms.In a statement, SEBI highlighted that certain electronic platforms and websites have been facilitating such transactions, which violates the Securities Contract Act, 1956, and the SEBI Act, 1992. These laws are intended to …

SEBI Mandates Online Document Repository for Merchant Bankers Starting Jan 2025
3 months, 2 weeks ago

SEBI Mandates Online Document Repository for Merchant Bankers Starting Jan 2025

Deccan Chronicle  

The Securities and Exchange Board of India has directed all merchant bankers to electronically upload records and documents related to due diligence in public issue activities on a dedicated Document Repository platform set up by stock exchanges. This requirement applies to draft offer documents filed on or after January 1, 2025, for listing on both mainboard and SME exchanges.The Document …

Sebi proposes online monitoring framework for stockbroker audits
3 months, 3 weeks 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
3 months, 3 weeks 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 proposes revisions to custodian regulations
4 months, 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 fixed timelines to address delays in NFO fund deployment
4 months, 3 weeks ago

Sebi's fixed timelines to address delays in NFO fund deployment

Live Mint  

NEW DELHI : In a pivotal regulatory proposal, the Securities and Exchange Board of India has outlined fixed timelines for deploying funds collected through new fund offers. Why Sebi is setting a deployment timeline Historically, delays in fund deployment have raised concerns, with investors expecting their contributions to be promptly invested according to each fund’s objectives. Sebi’s motivation behind a …

Sebi's Demat Reform: A Step Towards Financial Inclusion for Collective Entities
5 months ago

Sebi's Demat Reform: A Step Towards Financial Inclusion for Collective Entities

Live Mint  

India is taking significant steps towards financial inclusion and regulatory simplification with the Securities and Exchange Board of India (Sebi) proposing a key reform for non-corporate entities. The proposal allows Associations of Persons (AoPs) to open demat accounts in their names for holding non-equity securities. This reform aims to enhance the ease of doing business for entities such as housing …

SEBI tightens noose on insider trading
5 months, 3 weeks ago

SEBI tightens noose on insider trading

The Hindu  

In a bid to tighten the noose on insider trading, the Securities and Exchange Board of India on Monday decided to expand the definition of “connected persons” who have access to price sensitive information. According to the decision ratified by the board, a connected person would now include “a firm or its partner or its employee in which a ‘connected …

Have FPIs implicated in Adani matter revealed details of their owners: Congress
6 months, 2 weeks ago

Have FPIs implicated in Adani matter revealed details of their owners: Congress

New Indian Express  

NEW DELHI: Noting that September 9 was the deadline for Foreign Portfolio Investors to disclose the beneficial owners of their holdings, the Congress on Wednesday asked SEBI if those implicated in the Adani matter have done so and why has it taken the capital markets regulator 18 months to enforce the new norm. Congress general secretary in-charge communications Jairam Ramesh …

SEBI Imposes Rs 11 Lakh Fine On IIFL Securities For Compliance Failures
7 months 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 imposes ₹11 lakh penalty on IIFL Securities for violating stock broker regulations
7 months ago

Sebi imposes ₹11 lakh penalty on IIFL Securities for violating stock broker regulations

Live Mint  

Capital market regulator Sebi on Wednesday slapped a fine of ₹11 lakh on brokerage firm IIFL Securities for flouting stock broker rules and other regulatory norms. Sebi conducted an inspection of IIFL Securities Ltd covering the period from April to July 2022 to assess the firm’s adherence to regulatory requirements. In its 35-page order, Sebi noted that IIFL Securities acknowledged …

'Dishonest, Misleading': SEBI Rejects Defence And Mandates Disclosure, Shareholder Approval For Material Related Party Transactions
8 months ago

'Dishonest, Misleading': SEBI Rejects Defence And Mandates Disclosure, Shareholder Approval For Material Related Party Transactions

Live Law  

The Securities and Exchange Board of India has issued a final order concerning Linde India Limited and its related party transactions with Praxair India Pvt Ltd and Linde South Asia Services Pvt Ltd. SEBI's investigation was triggered by complaints from LIL's shareholders who alleged that these RPTs were conducted without proper shareholder approval and were potentially detrimental to the interests …

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

SEBI Proposes Amendments To Handle Securities Law Violations By Intermediaries Through Summary Proceedings
8 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, …

Paytm Receives SEBI Warning Over Unapproved Transactions With Paytm Payments Bank
8 months, 1 week ago

Paytm Receives SEBI Warning Over Unapproved Transactions With Paytm Payments Bank

Live Law  

One 97 Communications, the parent company of Paytm, has received an administrative warning from the Securities and Exchange Board of India regarding certain transactions conducted during the financial year 2021-22. SEBI's letter stated that Paytm engaged in related party transactions with Paytm Payments Bank Limited without obtaining the necessary approvals from its audit committee or shareholders. SEBI's letter noted that …

Paytm gets Sebi warning on related party transactions with Payments Bank
8 months, 1 week 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 Introduces New Guidelines To Enhance Credit Rating Agency Operations
8 months, 1 week ago

SEBI Introduces New Guidelines To Enhance Credit Rating Agency Operations

Live Law  

The Securities and Exchange Board of India has released a new set of guidelines designed to streamline operations and enhance business ease for Credit Rating Agencies. Under the new framework, CRAs must communicate the rating to the issuer within one working day following the Rating Committee meeting. CRAs are required to publish a press release on their website and notify …

SEBI Releases Master Circular On Surveillance of Securities Market
8 months, 1 week ago

SEBI Releases Master Circular On Surveillance of Securities Market

Live Law  

The Securities and Exchange Board of India has recently issued Master Circular on the Surveillance of the Securities Market. Under the new guidelines, SEBI mandates that trading in certain securities, including those affected by corporate actions such as mergers, demergers, and capital reductions, must initially occur in the Trade for Trade segment. The circular stated that such misinformation, often disseminated …

SEBI Establishes Committee To Review Ownership And Economic Structure Of Clearing Corporations
9 months, 2 weeks ago

SEBI Establishes Committee To Review Ownership And Economic Structure Of Clearing Corporations

Live Law  

The Securities and Exchange Board of India has formed an ad-hoc expert committee chaired by Usha Thorat, a former Deputy Governor of the Reserve Bank of India. The Gandhi Committee's 2018 report emphasized the need for a dispersed and widely held ownership structure for Market Infrastructure Institutions, including clearing corporations, due to their high-risk nature. The committee advised against the …

SEBI Extends Reporting Deadlines For Foreign Portfolio Investors, Offers Greater Flexibility
9 months, 2 weeks 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 Mandates Direct Transfer Of Securities To Client Demat Accounts
9 months, 2 weeks ago

SEBI Mandates Direct Transfer Of Securities To Client Demat Accounts

Live Law  

The Securities and Exchange Board of India has issued new guidelines mandating the direct transfer of securities to clients' demat accounts by clearing corporations. The existing practice involves brokers pooling securities received in payout and then crediting them to respective client demat accounts. Under the new guidelines, clearing corporations are required to provide a mechanism for trading members/clearing members to …

Do Sebi's New Disclosure Rules Impact Large Number Of FPIs?
1 year, 2 months ago

Do Sebi's New Disclosure Rules Impact Large Number Of FPIs?

News 18  

Market regulator Sebi does not expect a large number of foreign portfolio investors to be impacted by the new beneficial ownership disclosure norms, according to sources. The sources in the know said FPIs which may be required to provide enhanced disclosures are expected to be significantly less than estimated in the consultation paper and the Sebi board note of October …

Anti-money laundering: Sebi releases fresh set of guidelines. Details here
1 year, 5 months ago

Anti-money laundering: Sebi releases fresh set of guidelines. Details here

Live Mint  

The capital markets regulator Securities Exchange Board of India on Friday released a set of amendents on anti-money laundering standards and combating the financing of terrorism. Client is a company: The beneficial owner is the natural persons whether acting alone or together, or through one or more juridical person, has a controlling ownership interest or who exercises control through other …

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 …

Why is SEBI tightening norms for ‘FinFluencers’? | Explained
1 year, 6 months ago

Why is SEBI tightening norms for ‘FinFluencers’? | Explained

The Hindu  

The story so far: On August 25, markets regulator Securities and Exchange Board of India floated a consultation paper proposing regulations to restrict the association of SEBI-registered intermediaries or regulated entities with unregistered ‘finfluencers.’ Other than undertaking enforcement action against the unregistered ‘finfluencers,’ the paper proposed measures to “disrupt the revenue model for such finfluencers, so that the perverse incentives …

SEBI suggests maintaining a distance between intermediaries and ‘finfluencers’. Here are 4 key reasons
1 year, 6 months ago

SEBI suggests maintaining a distance between intermediaries and ‘finfluencers’. Here are 4 key reasons

Live Mint  

The Securities and Exchange Board of India has introduced a proposal to limit interactions between its regulated entities and unregistered “finfluencers”. SEBI said in its consultation paper, “No SEBI registered intermediaries/regulated entities or their agents/representatives shall, directly or indirectly, have any association/relationship in any form, whether monetary or non-monetary, for any promotion or These proposed regulations would mandate that SEBI-regulated …

SEBI Mandates Additional Disclosures By Foreign Portfolio Investors
1 year, 6 months ago

SEBI Mandates Additional Disclosures By Foreign Portfolio Investors

Live Law  

The Securities and Exchange Board of India has issued a circular aimed at promoting heightened transparency among Foreign Portfolio Investors meeting specific criteria. Although PN3 does not directly apply to FPI investments, there are apprehensions that entities with substantial Indian equity portfolios might misuse the FPI route, potentially disrupting the orderly functioning of Indian securities markets. Under Regulations 22 and …

SEBI Notifies Modification In Cyber Security, Cyber Resilience Framework Of Stock Exchanges, Clearing Corporations & Depositories
1 year, 6 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, 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 Mandates Enhance Disclosure Requirements For Certain FPIs
1 year, 7 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 Amends Securities Contracts (Regulation) (Stock Exchanges And Clearing Corporations) Regulations, 2018
1 year, 7 months ago

SEBI Amends Securities Contracts (Regulation) (Stock Exchanges And Clearing Corporations) Regulations, 2018

Live Law  

Securities and Exchange Board of India has issued a notification on July 24, 2023, introducing amendments to the Securities Contracts Regulations, 2018. The newly introduced regulations, titled the "Securities Contracts Regulations, 2023," have been formulated by SEBI in exercise of the powers conferred by sections 4, 8A, and 31 of the Securities Contracts Act, 1956, read with sections 11 and …

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 Introduces Alternate Dispute Resolution Amendment Regulations 2023
1 year, 8 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'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 …

SEBI updates rules to ease the debt securities issuers’ disclosure structure
1 year, 8 months ago

SEBI updates rules to ease the debt securities issuers’ disclosure structure

Live Mint  

To prevent debt securities issuers from filing numerous copies of the same document, the market regulator Securities and Exchange Board of India released regulations for the introduction of the general information and important information document concepts. For subsequent private placements of non-convertible securities or commercial papers made within the validity period, only a Key Information Document detailing important modifications will …

Sebi holds ‘fit and proper’ rule
1 year, 8 months ago

Sebi holds ‘fit and proper’ rule

Live Mint  

Mumbai: The Securities and Exchange Board of India, which set forth the ‘fit and proper’ person criteria for intermediaries, said in a statement before Bombay High Court on Thursday that it will not insist on compliance with notice until 2 August. A division bench led by Justices Gautam Patel and Neela Gokhale asked Sebi to file its affidavit in reply …

SEBI’s new disclosure norms for FPIs ‘a public admission of guilt’: Congress
1 year, 8 months ago

SEBI’s new disclosure norms for FPIs ‘a public admission of guilt’: Congress

Hindustan Times  

The Congress on Friday said SEBI’s decision to mandate enhanced disclosure requirements for some foreign portfolio investors points to a “clear admission of guilt” by the market regulator in wake of Supreme Court’s expert committee recommendations. In a statement, Congress general secretary Jairam Ramesh, said that SEBI’s investigation has limited scope and only a joint parliamentary committee probe can fully …

Sebi proposes mandating additional disclosure for high-risk FPIs
1 year, 9 months ago

Sebi proposes mandating additional disclosure for high-risk FPIs

The Hindu  

Capital markets regulator SEBI on Wednesday came out with a proposal mandating enhanced disclosures from high-risk Foreign Portfolio Investors to guard against possible circumvention of the Minimum Public Shareholding requirement. In its consultation paper, the regulator has proposed obtaining granular information from high-risk FPIs that have concentrated equity holdings in single companies or business groups. "For now, it is proposed …

Discover Related