Supreme Court refuses to curtail Calcutta Stock Exchange’s extension for Sebi compliance
1 month ago

Supreme Court refuses to curtail Calcutta Stock Exchange’s extension for Sebi compliance

Live Mint  

The Supreme Court has declined to intervene in the Calcutta High Court’s decision to give the Calcutta Stock Exchange, India’s oldest stock exchange, more time to comply with the Securities and Exchange Board of India’s 2012 Exit Policy. The court said it would review CSE’s compliance with the Exit Policy at the next hearing on 7 March 2025. Sebi had moved the Supreme Court to appeal the extension, alleging that CSE had become a “hub for manipulation” and failed to meet standards outlined in the Exit Policy. At the hearing, additional solicitor general N Venkataraman, representing Sebi, argued that CSE did not deserve a further extension as it had failed to comply with the 2012 Exit Policy.

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History of this topic

SEBI revokes ICEX recognition, approves voluntary exit from exchange business
1 week, 5 days ago

SEBI revokes ICEX recognition, approves voluntary exit from exchange business

Live Mint  

Capital markets regulator Securities and Exchange Board of India on Friday, December 27, notified that the recognition granted to the Indian Commodity Exchange Ltd has been withdrawn, formally signifying its exit from the bourse business. "The SEBI hereby notifies that the recognition granted to the Indian Commodity Exchange Ltd stands withdrawn with effect from the date of publication of this …

Sebi suspends Bharat Global trading after stock rally 10,000 per cent in one year
Trending News
2 weeks, 2 days 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 …

SEBI suspends trading of Bharat Global Developers over financial misrepresentation
2 weeks, 2 days ago

SEBI suspends trading of Bharat Global Developers over financial misrepresentation

Deccan Chronicle  

New Delhi: Markets regulator Sebi on Monday suspended trading in Bharat Global Developers Ltd for financial misrepresentation, misleading disclosures, price manipulation, and offloading shares at inflated prices. In fact, such wealth has arisen from misrepresentation of the company's business and financials to general investors and shareholders," Sebi Whole Time Member Ashwani Bhatia said in his 25-page order. Accordingly, Sebi in …

Sebi suspends trading of Bharat Global Developers shares over financial misrepresentation
Top News
2 weeks, 3 days ago

Sebi suspends trading of Bharat Global Developers shares over financial misrepresentation

Hindustan Times  

Markets regulator Sebi on Monday suspended trading in Bharat Global Developers Ltd for financial misrepresentation, misleading disclosures, price manipulation, and offloading shares at inflated prices. The SEBI Bhavan at BKC Bandra in Mumbai Additionally, the regulator has barred the company, its managing director Ashok Kumar Sewada, CEO Mohsin Shaikh and directors --Dinesh Kumar Sharma and Nirali Prabhatbhai Karetha -- and …

SEBI Warns Against Trading Unlisted Securities on Unauthorized Platforms
4 weeks, 2 days 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 imposes ₹9 lakh fine on Reliance Securities for ‘flouting market norms’
1 month, 1 week 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 …

BSE, NSE to be alternative trading venues to each other in case of outages: SEBI
1 month, 1 week ago

BSE, NSE to be alternative trading venues to each other in case of outages: SEBI

Hindustan Times  

The Bombay Stock Exchange and the National Stock Exchange will act as alternative trading venues to each other from April 1, 2025, in case of outages, the Securities and Exchange Board of India announced in a circular on Thursday. The Bombay Stock Exchange and the National Stock Exchange will act as alternative trading venues to each other from April 1, …

SEBI Directs NSE And BSE To Act As Alternative Trading Venues Starting April 2025. What Does It Mean?
1 month, 1 week ago

SEBI Directs NSE And BSE To Act As Alternative Trading Venues Starting April 2025. What Does It Mean?

ABP News  

A move to bolster market resilience, the Securities and Exchange Board of India has mandated that the National Stock Exchange and the BSE function as alternative trading venues for each other. Guidelines for Interoperable Segments The circular also detailed specific measures for different market segments, including cash markets, equity derivatives, currency derivatives, and interest rate derivatives: Common Trading Products For …

Sebi proposes revisions to custodian regulations
1 month, 3 weeks 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 …

SC dismisses Sebi’s ₹25 crore penalty plea against Mukesh Ambani in RPL share manipulation case
1 month, 4 weeks ago

SC dismisses Sebi’s ₹25 crore penalty plea against Mukesh Ambani in RPL share manipulation case

Live Mint  

The Supreme Court on Monday dismissed a plea by the Securities and Exchange Board of India to impose a ₹25 crore penalty on Mukesh Ambani, chairman and managing director of Reliance Industries Ltd, over alleged share manipulation involving Reliance Petroleum Ltd in November 2007. A two-judge bench of Justices J.B. Pardiwala and R. Mahadevan agreed to hear Sebi's broader case …

SEBI warns investors against unauthorised virtual trading, gaming platforms offering stock price-based advice
2 months ago

SEBI warns investors against unauthorised virtual trading, gaming platforms offering stock price-based advice

Live Mint  

The Securities and Exchange Board of India on Monday cautioned investors about unauthorised virtual trading and gaming platforms that provide trading advice based on stock prices. “By mimicking securities market activities and promising financial returns, many of these platforms can create an unauthorised trading experience that often leads to investor exploitation,” said Sumit Agrawal, founder of Regstreet Law and former …

SEBI Imposes Rs 11 Lakh Fine On IIFL Securities For Compliance Failures
4 months, 2 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, 2 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 …

SEBI Proposes Amendments To Handle Securities Law Violations By Intermediaries Through Summary Proceedings
5 months, 3 weeks 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, …

Eros International moves SAT against Sebi’s order in fund diversion matter
6 months, 1 week ago

Eros International moves SAT against Sebi’s order in fund diversion matter

Live Mint  

Mumbai: Media company Eros International, along with its key executive officials, on Friday moved the Securities Appellate Tribunal against the Securities and Exchange Board of India’s October 2023 restraint order in an alleged fund diversion matter. The market regulator in its order had restrained vice chairman Sunil Lulla from holding the position of a director or a key managerial personnel …

Relief for Sebi as SC stays SAT order in Karvy Stock Broking case
11 months, 2 weeks ago

Relief for Sebi as SC stays SAT order in Karvy Stock Broking case

Live Mint  

New Delhi: The Supreme Court on Thursday stayed the Securities Appellate Tribunal's order in response to a plea filed by the Securities and Exchange Board of India in the Karvy Stock Broking case. The plea contested SAT's previous ruling, which had favoured major lenders such as Axis Bank, ICICI Bank, HDFC Bank, IndusInd Bank, and Bajaj Finance. Sebi and others …

Shielding SEBI: On Supreme Court’s ruling and SEBI probe
1 year 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 sets conditions for National Stock Exchange IPO. These are…
1 year ago

SEBI sets conditions for National Stock Exchange IPO. These are…

Hindustan Times  

The Securities and Exchange Board of India has laid down some important conditions for the National Stock Exchange's proposed initial public offering, media reports said on Monday. According to Zee Business, the NSE had filed its draft papers for the IPO with SEBI in December 2016, with a plan to raise ₹10,000 crore from the public issue, which was planned …

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 …

Schneider Electric Withdraws Appeal Against SEBI Before SAT; Set To Relist On National Stock Exchanges
1 year, 5 months ago

Schneider Electric Withdraws Appeal Against SEBI Before SAT; Set To Relist On National Stock Exchanges

Live Law  

Schneider Electric President Systems Ltd, the French company, has decided to rejoin national stock exchanges after withdrawing its appeal against the Securities and Exchange Board of India before the Securities Appellate Tribunal. The company found circulars which, as per Schneider's assertion, permitted them to delist from regional stock exchanges without adhering to SEBI's delisting regulations. 144 Of 2021 Date: 26.07.2023 …

SEBI Amends Securities Contracts (Regulation) (Stock Exchanges And Clearing Corporations) Regulations, 2018
1 year, 5 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 Introduces Alternate Dispute Resolution Amendment Regulations 2023
1 year, 5 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 …

After Supreme Court panel’s report in Adani-Hindenburg case, Sebi seeks to tighten FPI norms
1 year, 5 months ago

After Supreme Court panel’s report in Adani-Hindenburg case, Sebi seeks to tighten FPI norms

Hindustan Times  

The Securities and Exchange Board of India informed the Supreme Court on Monday that its board has approved a proposal mandating granular disclosures for certain categories of foreign portfolio investors, more than a month after a court-appointed expert committee to probe the Adani-Hindenburg episode raised certain red flags regarding the current FPI regulations. On May 17, the apex court gave …

Sebi holds ‘fit and proper’ rule
1 year, 6 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 …

IIFL Securities shares tank over 18% on Sebi order
1 year, 6 months ago

IIFL Securities shares tank over 18% on Sebi order

Live Mint  

IIFL Securities share price plunged over 18% in early deals on Tuesday after capital market regulator Securities and Exchange Board of India barred the company from taking new clients for 2 years. However, IIFL Securities said that the Sebi’s order does not affect the company's existing business with the existing clients. Read Here: SEBI bars IIFL Securities from taking new …

SEBI bars IIFL Securities from taking new clients for 2 years
1 year, 6 months ago

SEBI bars IIFL Securities from taking new clients for 2 years

Live Mint  

Market regulator Securities and Exchange Board of India on Monday barred IIFL Securities from taking new clients for 2 years. In its probe, Sebi found that IIFL has misused the funds of its credit balance clients for settlement of its proprietary trades as well as the trades of its debit balance clients from April 2011 to June 2014, and the …

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 …

SEBI proposes curbs on derivative-linked share moves
1 year, 7 months ago

SEBI proposes curbs on derivative-linked share moves

The Hindu  

The Securities and Exchange Board of India, India’s market regulator, proposes measures to contain extreme price movements in shares on which futures and options trade, including longer trading suspensions and restricting price movements. SEBI proposed in a consultation paper late on May 21 that if a share in the futures and options segment falls or rises by 10% a day, …

Adani-Hindenburg Saga: SC to hear SEBI’s 6-month extension plea on May 12
1 year, 7 months ago

Adani-Hindenburg Saga: SC to hear SEBI’s 6-month extension plea on May 12

Live Mint  

The Supreme Court will hear the plea by capital markets regulator Securities and Exchange Board of India seeking a six-month extension to complete the probe on Adani Group on May 12, according to CNBC-TV18. Sebi had asked the apex court for the extension to finish its investigation into allegations levelled by US-based short seller Hindenburg against the conglomerate, noting that …

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 …

Section 59 Companies Act 2013 - NCLT Cannot Excercise Parallel Jurisdiction With SEBI For Addressing Violations Of SEBI Regulations: Supreme Court
2 years ago

Section 59 Companies Act 2013 - NCLT Cannot Excercise Parallel Jurisdiction With SEBI For Addressing Violations Of SEBI Regulations: Supreme Court

Live Law  

The Supreme Court has held National Company Law Tribunal under Section 59 of Companies Act, 2013, cannot excercise a parallel jurisdiction with Securities and Exchange Board of India6 for addressing violations of the Regulations framed under the SEBI Act.The court held that rectificatory jurisdiction of the NCLT under Section 59 of the Companies Act,2013, is summary in nature. The Supreme …

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 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 probed 94 new cases for flouting securities law in FY21
3 years, 5 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 …

"Due Deference Must Be Given To SEBI's Opinion": Supreme Issues Court Guidelines For Compounding Offences Under Section 24A SEBI Act
3 years, 5 months ago

"Due Deference Must Be Given To SEBI's Opinion": Supreme Issues Court Guidelines For Compounding Offences Under Section 24A SEBI Act

Live Law  

The Supreme Court laid down certain guidelines for Securities Appellate Tribunal in the matter of adjudicating an application for compounding of the offence under Section 24A of Securities and Exchange Board of India Act, 1992.The bench comprising Justices DY Chandrachud and MR Shah observed that though the consent of the SEBI for the compounding is not mandatory Court, it must …

SEBI Act Section 24A: SEBI To Be Heard By Courts In Compounding Offences Even If Its Consent Not Mandatory, Observes Supreme Court
3 years, 5 months ago

SEBI Act Section 24A: SEBI To Be Heard By Courts In Compounding Offences Even If Its Consent Not Mandatory, Observes Supreme Court

Live Law  

"The SEBI is not a regular complainant, it is the custodian of the investors' interests, it is a regulatory body! The bench of Justices Chandrachud and MR Shah was considering an SLP arising out of an April, 2019 order of the Delhi High Court by which the petitioner's application under Section 24A of the SEBI Act for compounding of offences …

IBC vs SEBI Act: SC To Hear In July If IBC Will Override SEBI Act
5 years, 6 months ago

IBC vs SEBI Act: SC To Hear In July If IBC Will Override SEBI Act

Live Law  

"Will the Insolvency and Bankruptcy Code override Securities and Exchange Board of India Act? Whether depositors of a Collective Investment Scheme can be treated as Financial Creditors under IBC and whether provisions of IBC can be invoked in case of CIS which is regulated by the SEBI Act, 1992?" SEBI has come challenging the April 30 order of the National …

IL&FS Securities Services moves SAT against Sebi order on Allied Financial
5 years, 8 months ago

IL&FS Securities Services moves SAT against Sebi order on Allied Financial

India TV News  

IL&FS Securities Services Wednesday moved the Securities Appellate Tribunal to direct markets regulator Sebi to annul certain transactions carried out by Allied Financial Services. In February, Sebi had barred Allied Financial and others for misappropriating client securities and a host of other violations. Appearing for IL&FS Securities counsel Gaurav Joshi said there were fraudulent mutual fund transfers carried out by …

SEBI passes five orders in NSE co-location case
5 years, 8 months ago

SEBI passes five orders in NSE co-location case

The Quint  

By Arun Kejriwal SEBI has passed five different orders against various entities involved with the dark fibre and co-location case involving NSE. The two senior professionals on NSE namely Ravi Narain and Chitra Ramakrishna who were Managing Director and CEO have similar punishments of disgorging 25 per cent of their salary. Ajay Shah, Suprabhat Lala, Assistant Vice President NSE, Sunita …

Co-location case: SEBI bars NSE from security markets for 6 months, directs to pay Rs 625 crore
5 years, 8 months ago

Co-location case: SEBI bars NSE from security markets for 6 months, directs to pay Rs 625 crore

India TV News  

Markets regulator Securities and Exchange Board of India on Tuesday barred National Stock Exchange from the securities market for six months in the case of misuse of its co-location facility. It also directed NSE to pay more than Rs 625 crore in the case of misuse of its co-location facility. Besides, the bourse's two former chief executive officers -- Ravi …

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