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 minimum investment limit under portfolio management scheme to Rs 50 lakh. SEBI Board Meet Outcome | Default in bank loan principal of interest for 30 days must be disclosed to exchanges; philosophy behind this is to ensure better disclosure & transparency pic.twitter.com/hKlTO9cVXz — CNBC-TV18 November 20, 2019 Besides, the regulator 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. Also, the minimum investment by clients of portfolio managers increased to Rs 50 Lakh from Rs 25 Lakh#SEBIBoardMeet #Outcome #NewsbreakConfirmed #SEBI pic.twitter.com/qtVIpbVZEO — CNBC-TV18 November 20, 2019 Besides, the net worth for portfolio managers would be hiked to Rs 5 crore from Rs 2 crore and existing portfolio managers would have to meet the enhanced requirement within 36 months. Continuing efforts to boost corporate governance norms, the regulator would make it mandatory for the top 1,000 listed companies to prepare annual business responsibility report.

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History of this topic

SEBI pushes for ease of doing business, approves relaxations for FPIs, AIFs, fund-raising entities
9 months, 4 weeks 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, 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 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 amends regulations; provides more relaxation for companies to raise funds
4 years, 6 months ago

Sebi amends regulations; provides more relaxation for companies to raise funds

India TV News  

Markets watchdog Sebi has amended regulations to provide more leeway for companies to raise funds, including reducing the time gap between two qualified institutional placements to two weeks, amid the coronavirus pandemic. This is especially important as companies are finding it difficult to access alternate methods of funding such as debt financing or access equity funding from third party investors," …

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 …

Coronavirus outbreak: SEBI further relaxes compliance norms for listed firms; companies granted time till 30 June for filing financial results
4 years, 9 months ago

Coronavirus outbreak: SEBI further relaxes compliance norms for listed firms; companies granted time till 30 June for filing financial results

Firstpost  

On Thursday, the SEBI gave a 45-day relaxation for companies to file their fourth-quarter results as well as an additional one-month time to submit their annual results. New Delhi: Days after easing compliance norms for listed entities with regard to submission of fourth quarter and annual earnings, markets regulator SEBI on Monday further extended the relaxation to listed entities that …

SEBI hikes portfolio management scheme limit to Rs 50 lakh, networth requirement to Rs 5 cr
5 years, 1 month ago

SEBI hikes portfolio management scheme limit to Rs 50 lakh, networth requirement to Rs 5 cr

Firstpost  

With a view to keep retail investors away from portfolio management schemes, SEBI on Wednesday decided to raise the minimum investment amount of clients for such schemes to Rs 50 lakh from the earlier Rs 25 lakh New Delhi: With a view to keep retail investors away from portfolio management schemes, SEBI on Wednesday decided to raise the minimum investment …

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 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 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 …

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 proposes changes to norms for municipal bonds, minimum subscription amount reduced
5 years, 7 months ago

Sebi proposes changes to norms for municipal bonds, minimum subscription amount reduced

Firstpost  

In 2017, Sebi eased rules governing the issuance of municipal bonds in order to boost such bond market New Delhi: Sebi on Monday proposed changes to regulations for the issuance of municipal bonds as part of efforts to enable fundraising by bodies similar to municipalities. Besides, the minimum subscription amount for municipal bonds on a private placement basis be reduced …

Sebi defers implementation of amended norms for royalty payment
5 years, 9 months ago

Sebi defers implementation of amended norms for royalty payment

Live Mint  

Regulator Sebi on Wednesday deferred implementation of revised norms pertaining to royalty payment by listed companies to related parties by three months. Following the decision taken at the Sebi's board meeting here, the implementation of a provision of the amended norms would has been deferred till June 30, 2019. Shareholders' approval would be needed for making royalty or brand payments …

Sebi plans amending norms pertaining to corporate debt rejig
5 years, 10 months ago

Sebi plans amending norms pertaining to corporate debt rejig

Live Mint  

Regulator Sebi plans to put in place a stricter framework for providing exemption from open offer requirements with respect to corporate debt restructuring activities, a senior official said. The open offer exemptions under Issue of Capital and Disclosure Requirements regulations as well as under takeover norms could be continued for allotment of shares to lenders pursuant to debt conversion in …

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 to relax OFS framework
6 years, 1 month ago

Sebi to relax OFS framework

Live Mint  

The Securities and Exchange Board of India is set to relax rules governing offer for sale to aid the government’s disinvestment process. The regulator also plans to spare non-banking financial companies from having to disclose changes in shareholding due to encumbered or pledged shares, said the people cited above on condition of anonymity. “Sebi is considering to expand the current …

Large companies to raise 25% of long-term borrowings through corporate bonds: SEBI
6 years, 3 months ago

Large companies to raise 25% of long-term borrowings through corporate bonds: SEBI

Firstpost  

The board of SEBI has cleared the framework for enhanced market borrowings by large corporates and it would come into force from 1 April, 2019. Mumbai: Large listed companies will soon be required to raise at least 25 percent of their long-term borrowings through corporate bonds, with SEBI board approving a revised regulatory framework on Tuesday. Large corporates would have …

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