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 accordance with RBI norms, the official said. Another proposal is that the open offer exemption might not be made available to "persons, the official added. Since the reference of 'competent' authority' has not been defined, the watchdog is planning to delete it with respect to open offer exemption under takeover regulations.

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History of this topic

Delisting Regulations Of SEBI Not Applicable To Delisting Of Equity Shares Under Resolution Plan: Bombay High Court
1 month, 1 week ago

Delisting Regulations Of SEBI Not Applicable To Delisting Of Equity Shares Under Resolution Plan: Bombay High Court

Live Law  

The Bombay High Court bench of Justices M.S.Sonak and Jitendra Jain has held that Delisting Regulations framed by the SEBI would not be applicable to the delisting of shares of the company in pursuance of the approval of a Resolution Plan under section 31 of the code. The petitioner submitted that the impugned regulation violates the objective of the SEBI …

Sebi's Demat Reform: A Step Towards Financial Inclusion for Collective Entities
2 months, 3 weeks 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 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 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, 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 sets buying, selling of MFs under insider trading rules
2 years, 1 month ago

SEBI sets buying, selling of MFs under insider trading rules

The Hindu  

Capital markets regulator SEBI has amended norms to bring buying and selling of mutual fund units under the ambit of insider trading rules. At present, insider trading rules are applicable to dealing in securities of listed companies or those proposed to be listed, when in possession of Unpublished Price Sensitive Information. "No insider shall trade in the units of a …

Sebi floats paper to protect equity shareholders under IBC
2 years, 2 months ago

Sebi floats paper to protect equity shareholders under IBC

Live Mint  

The Securities and Exchange Board of India on Thursday floated a consultation paper seeking public comments on protection of public equity shareholders in case listed entities undergo the corporate insolvency resolution process. The paper proposes that non-promoter public shareholders shall be provided an opportunity to acquire equity of the fully diluted capital structure of the new entity up to the …

Sebi levies Rs 23 lakh fine on 3 entities for violating open offer norms
2 years, 3 months ago

Sebi levies Rs 23 lakh fine on 3 entities for violating open offer norms

India TV News  

Highlights Sebi levied fines totalling Rs 23 lakh on three entities for violating open offer the promoters of Rammaica comprised Tien Trading Pvt Ltd held a 9.89 per cent stake Tien Trading failed to make an open offer, thereby violating SAST rules Sebi on Friday levied fines totalling Rs 23 lakh on three entities for violating open offer and disclosure …

Sebi rationalises norms for stockbrokers to set up subsidiaries, JV in GIFT IFSC
2 years, 8 months ago

Sebi rationalises norms for stockbrokers to set up subsidiaries, JV in GIFT IFSC

Live Mint  

The market regulator Sebi on Friday rationalised the process of application by stockbrokers or clearing members for setting up wholly-owned subsidiaries, step down subsidiaries, and joint ventures in GIFT IFSC. Generally, Sebi receives applications from Stock Brokers/ Clearing Members for granting NOCs for setting up Wholly Owned Subsidiaries, Step Down Subsidiaries, Joint Ventures, etc. Under the new guidelines issued today, …

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," …

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 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 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 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 …

Cloud over Etihad’s Jet Airways open offer plan as Sebi tightens open offer norm
5 years, 10 months ago

Cloud over Etihad’s Jet Airways open offer plan as Sebi tightens open offer norm

Live Mint  

The exemption from making an open offer in case of acquisition of over 26% in a listed company will be allowed only to banks, lenders and financial institutions. “Exemption from open offer will not be allowed to any other person except the aforesaid lenders,” according to a Sebi statement issued after a meeting of its board on Friday. Sebi also …

Coal India gets Sebi exemption for share buy back programme
5 years, 10 months ago

Coal India gets Sebi exemption for share buy back programme

Live Mint  

Markets regulator Sebi Wednesday exempted state-owned Coal India from complying with regulations with regard to its proposed buyback programme for 4.46 crore shares. It is noted that the proposed transfer equity shares by the promoters will occur during the period between the date of passing the resolution of the board of directors approving the offer of buyback of securities of …

Sebi rejects L&T’s ₹9,000 crore share buyback proposal
5 years, 11 months ago

Sebi rejects L&T’s ₹9,000 crore share buyback proposal

Live Mint  

New Delhi: Engineering major Larsen & Toubro on Saturday said market regulator Sebi had denied permission for its ₹9,000-crore share buyback offer. "Since the ratio of the aggregate of secured and unsecured debts owed by the company after buy back would be more than twice the paid-up capital and free reserves of the company based on consolidated financial statements," the …

Will Sebi do a SpiceJet in clearing the Jet-Etihad deal?
5 years, 11 months ago

Will Sebi do a SpiceJet in clearing the Jet-Etihad deal?

Live Mint  

Mumbai: Beleaguered airline Jet Airways Ltd will be able to bring on a new majority investor bypassing an open offer if the civil aviation ministry or the directorate general of civil aviation says it is needed to save the airline, according to two people with direct knowledge of the matter. “Under special circumstances, Sebi can give an exemption from an …

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