SEBI cracks down on companies raising public funds illegally
10 years, 7 months ago

SEBI cracks down on companies raising public funds illegally

The Hindu  

Regulator SEBI has begun coming down hard on entities raising public money illegally through issue of ‘redeemable preference shares’ and similar instruments, as also through sister concerns after being barred from markets. There are some sister concerns of companies that were earlier barred from raising funds as well as from launching investment schemes earlier, shows an analysis of recent orders passed by SEBI. Similarly, Nicer Green Housing Infrastructure Developers was prohibited by SEBI on July 28,2014 from raising further funds while it had issued restraining order against another group company Nicer Green Forest in March last year. SEBI had also cracked down on firms raising money from the public by issuing securities such as Redeemable Preference Shares and Non-convertible Preference Shares, among others, without following the public issue norms.

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History of this topic

SEBI Broadens Scope of Unpublished Price Sensitive Information; Details Inside
2 weeks, 1 day 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SEBI Broadens Scope of Unpublished Price Sensitive Information; Details Inside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Markets regulator Sebi has widened the ambit of the scope of Unpublished Price Sensitive Information by including any proposed fundraising activities agreements which can impact the management or control of the company,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 notches up governance norms and easing procedures: What it means for investors
1 month, 3 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 bans finfluencers from using live stock prices, tightens crackdown on illegal advisories
1 month, 4 weeks ago

Sebi bans finfluencers from using live stock prices, tightens crackdown on illegal advisories

New Indian Express  

MUMBAI: The markets regulator Sebi, which has been after the so-called financial influencers or finfluencers who are tricking the gullible public into investing in stocks they get paid to recommend, for long, has delivered a major blow to them by restricting their use of live-market data/prices in their what they call educational content. The key prohibitive measures include not allowing …

SEBI fines Motilal Oswal ₹7 lakh for violating stock brokerage regulations: Report
1 month, 4 weeks ago

SEBI fines Motilal Oswal ₹7 lakh for violating stock brokerage regulations: Report

Live Mint  

India's capital market regulator, the Securities and Exchange Board of India, on Thursday, January 30, fined the brokerage Motilal Oswal Financial Services ₹7 lakh after conducting an investigation over an alleged violation of stock brokerage regulations, reported multiple media outlets. “After taking into consideration the facts and circumstances of the case, materials available on record, submissions made by the Noticee …

Sebi imposes strict guidelines on finfluencers: No live share price, stock tip restrictions & more
1 month, 4 weeks ago

Sebi imposes strict guidelines on finfluencers: No live share price, stock tip restrictions & more

Live Mint  

Sebi has issued restrictions for finfluencers providing stock tips on social media platforms as investor education. "It is the responsibility of the persons regulated by Sebi to ensure that any person associated with them or their agent, directly or indirectly, does not engage in any of the abovementioned two prohibited activities, directly or indirectly," Sebi said. Prohibited activities by Sebi …

Front running case: Sebi bans 2 persons from securities market for 6-month
2 months ago

Front running case: Sebi bans 2 persons from securities market for 6-month

Live Mint  

New Delhi, Markets regulator Sebi on Tuesday restrained two persons from the securities market for six months and directed them to disgorge ₹34.26 lakh "wrongful gains" made by them through their involvement in front-running activities. Ltd. in the cash market and equity derivatives segments of NSE by its dealer Kadam in the trading account of Bhatkar based on the impending …

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 bans Ketan Parekh again for new front-running scam allegations
2 months, 3 weeks ago

SEBI bans Ketan Parekh again for new front-running scam allegations

Hindustan Times  

Market regulator Securities and Exchange Board of India has banned former stock broker Ketan Parekh from buying and selling securities again. SEBI had investigated the trades undertaken by individuals and brokers associated with Parekh over a two-year period which ended on June 2023 Parekh was behind one of the worst financial scandals in India's history at the turn of the …

Sebi bans Ketan Parekh, 2 others from securities markets over involvement in front-running scheme
2 months, 3 weeks ago

Sebi bans Ketan Parekh, 2 others from securities markets over involvement in front-running scheme

Live Mint  

Markets regulator Sebi on Thursday barred three individuals, including Ketan Parekh, from the securities markets with immediate effect for their alleged involvement in a front-running scheme which generated illegal gains of ₹65.77 crore. The regulator also restrained Ketan Parekh, Rohit Salgaocar and Ashok Kumar Poddar from associating with any intermediary registered with Sebi, either directly or indirectly, with immediate effect. …

Sebi suspends Bharat Global trading after stock rally 10,000 per cent in one year
Trending News
3 months 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
3 months 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 bans YouTuber Ravinda Balu Bharti for investment scam, slaps ₹9.5 crore fine
3 months, 1 week ago

SEBI bans YouTuber Ravinda Balu Bharti for investment scam, slaps ₹9.5 crore fine

Live Mint  

The Securities and Exchange Board of India has banned YouTube finfluencer Ravindra Balu Bharti and his company from dealing in or accessing the securities markets until April 4, 2025, and slapped a ₹9.49 crore fine for “unlawful gains,” according to a PTI report. Bharti and his three associates allegedly ran an unregistered investment advisory business under the name Ravindra Bharti …

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 …

Supreme Court refuses to curtail Calcutta Stock Exchange’s extension for Sebi compliance
3 months, 3 weeks 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 …

Sebi bars Mishtann Foods, five directors from market
3 months, 3 weeks ago

Sebi bars Mishtann Foods, five directors from market

Live Mint  

Mumbai: The capital market regulator on Thursday barred Mishtann Foods Ltd and five of its directors from accessing the market, citing alleged financial misrepresentation and fraud. The interim order of the Securities and Exchange Board of India came after its investigation from 1 April 2017 to 31 March 2024 revealed alleged serious financial irregularities in the company engaged in the …

Sebi crackdown against bond platforms may have revealed a regulatory gap
3 months, 3 weeks ago

Sebi crackdown against bond platforms may have revealed a regulatory gap

Live Mint  

Mumbai: The crackdown against a clutch of online bond platforms is just an extension of India’s market regulator’s efforts to protect retail investors as these entities exploited regulatory gaps. “Instances where securities were sold shortly after allotment, and to more than 200 investors, bring these transactions under Sebi’s regulatory purview, requiring compliance with public issue norms, such as disclosure requirements …

SEBI imposes ₹9 lakh penalty on Reliance Securities for breaching market, stock broker norms
3 months, 4 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’
3 months, 4 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
4 months, 2 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 …

Sebi imposes ₹11 lakh penalty on IIFL Securities for violating stock broker regulations
7 months, 1 week 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 …

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 chief Madhabi Buch urges industry to report market misconduct
8 months, 3 weeks ago

Sebi chief Madhabi Buch urges industry to report market misconduct

Live Mint  

In a call to action, market regulator Securities and Exchange Board of India has urged industry stakeholders to proactively report any malpractices within their sectors. This, Sebi chairperson Madhabi Puri Buch emphasized, is crucial to maintaining investor trust—a cornerstone for a growing market. Amid this surge, Sebi has implemented stricter measures to ensure market integrity, including stringent instructions to regulated …

Shielding SEBI: On Supreme Court’s ruling and SEBI probe
1 year, 2 months 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 suggests maintaining a distance between intermediaries and ‘finfluencers’. Here are 4 key reasons
1 year, 7 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 still probing 13 overseas entities’ holdings in Adani group
1 year, 7 months ago

SEBI still probing 13 overseas entities’ holdings in Adani group

The Hindu  

The Securities Exchange Board of India said its investigation into two crucial aspects raised by the Hindenburg Research report against the Adani Group continues to be in an “interim” stage. One of the two investigations which has so far foxed SEBI is about the 13 overseas entities who were classified as public shareholders of the Adani group of companies. Explained …

SEBI bars Brightcom’s top officials from holding directorial posts; here’s why
1 year, 7 months ago

SEBI bars Brightcom’s top officials from holding directorial posts; here’s why

Live Mint  

Capital markets regulator Securities and Exchange Board of India said in an interim order on Tuesday, August 22, that it has found lapses in Brightcom Group Limited preferential issue of shares. SEBI has barred Suresh Kumar Reddy - the promoter-cum-chairman and managing director of Brightcom Group, along with chief financial officer Narayan Raju from holding directorial posts until further notice. …

Sebi slaps Rs 20 lakh on 4 entities for non-genuine trades
1 year, 9 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 …

IIFL Securities shares tank over 18% on Sebi order
1 year, 9 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 …

Explained | How is the stock market regulated in India?
2 years, 1 month 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 …

Sebi bars 3 individuals from securities market for illegal investment advisory
2 years, 6 months ago

Sebi bars 3 individuals from securities market for illegal investment advisory

Live Mint  

Markets regulator Securities and Exchange Board of India on 31 August banned three individuals from the securities markets for providing unauthorised investment advisory services. The latest proceedings took place after SEBI issued a show cause notice dated 31 July, 2021 to RNS Global Capital and its proprietors' -- Lakhan Chouhan, Rohit Soni and Shivani Thakur -- alleging that they were …

Sebi penalises Aadhaar Ventures, its directors for flouting market norms
2 years, 6 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 Imposes Rs 7-Crore Fine on NSE, Rs 5 Cr Each on Chitra Ramkrishna, Ravi Narain in 'Dark Fibre' Case
2 years, 9 months ago

Sebi Imposes Rs 7-Crore Fine on NSE, Rs 5 Cr Each on Chitra Ramkrishna, Ravi Narain in 'Dark Fibre' Case

News 18  

New Delhi: Capital markets regulator Sebi has penalised total 18 entities, including National Stock Exchange and its former chiefs Chitra Ramkrishna and Ravi Narain in the ‘dark fibre’ case. The case relates to the alleged differential access given to certain broking firms in the form of ‘dark fibre’ at NSE, to connect across the colocation facilities before other members. “W2W …

Sebi Bans 6 Persons from Securities Markets in IIFL Group Front Running Case
2 years, 9 months ago

Sebi Bans 6 Persons from Securities Markets in IIFL Group Front Running Case

News 18  

Markets regulator Sebi on Friday barred six persons from the securities market for up to five years for front running the trades of India Infoline Group. In its order, Sebi has barred Santosh Brijraj Singh, who was a dealer of IIFL Group entity and Adil Gulam Suthar from the market for five years, while it prohibited mule account holders — …

Sebi bars Reliance Home Finance, Anil Ambani, 3 others from securities market
3 years, 1 month ago

Sebi bars Reliance Home Finance, Anil Ambani, 3 others from securities market

India Today  

Sebi on Friday restrained Reliance Home Finance Ltd, industrialist Anil Ambani and three other individuals from the securities market for allegedly siphoning off funds from the company. The order noted that the company's Key Managerial Persons like Executive Director and CEO Ravindra Sudhalkar and the CFOs -- Amit Bapna and Pinkesh R Shah -- "instead of bringing such misdeeds to …

Sebi fines six entities ₹30 lakh in illiquid stock options case
3 years, 3 months ago

Sebi fines six entities ₹30 lakh in illiquid stock options case

Live Mint  

Securities and Exchange Board of India has imposed a penalty of ₹5 lakh each on six entities, totalling ₹30 lakh, for non-genuine trades in illiquid stock options at the BSE. Pursuant to the investigation, it was observed that over 2.91 lakh trades comprising substantial 81.38 per cent of all the trades executed in stock options segment of the BSE during …

SEBI probed 94 new cases for flouting securities law in FY21
3 years, 7 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 …

SEBI Imposes Rs 3 Lakh Penalty On Raj Kundra, Shilpa Shetty, Viaan Industries For Violating Insider Trading Norms
3 years, 8 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. …

Supreme Court Exempts NDTV Promoters Prannoy Roy & Radhika Roy From Making Deposit Before SAT For Hearing Appeals Against SEBI Penalty
4 years, 1 month ago

Supreme Court Exempts NDTV Promoters Prannoy Roy & Radhika Roy From Making Deposit Before SAT For Hearing Appeals Against SEBI Penalty

Live Law  

The SEBI also banned Roys from buying, selling or otherwise dealing in securities, directly or indirectly, or being associated with the securities market in any manner, whatsoever, for a period of 2 years. Nevertheless, the two promoters being in possession of the UPSI sold company shares on April 17, 2008, when the trading window for them was closed and made …

Sebi bans 4 entities for providing unauthorised investment advisory services
4 years, 7 months ago

Sebi bans 4 entities for providing unauthorised investment advisory services

India TV News  

Sebi has barred Money Increase, Venture Revenue and two individuals from the capital markets for providing unauthorised investment tips and falsely promising assured returns to investors. Sebi found that Chourasiya through its proprietorship of Money Increase and Venture Revenue was providing trading tips and stock specific recommendations to investors and the general public on payment of services. "Ashish Chourasiya through …

Sebi amends regulations; provides more relaxation for companies to raise funds
4 years, 9 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 asks brokers, fund houses, others to ensure compliance with prevention of unlawful acts
5 years, 1 month ago

Sebi asks brokers, fund houses, others to ensure compliance with prevention of unlawful acts

India TV News  

Capital markets regulator Sebi on Tuesday asked stock brokers, mutual fund houses and other market intermediaries to ensure strict compliance with the prevention of unlawful activities law. In a statement, Sebi advised market intermediaries to ensure compliance with instructions pertaining to UAPA or The Unlawful Activities Act. In addition, the regulator has asked market entities to ensure that accounts are …

Karvy Stock Broking indulged in activities which were never allowed: SEBI chief Ajay Tyagi
5 years, 4 months ago

Karvy Stock Broking indulged in activities which were never allowed: SEBI chief Ajay Tyagi

Firstpost  

Mumbai: In the aftermath of Karvy Stock Broking episode, capital market watchdog SEBI on Wednesday said the brokerage was indulging in activities which were “never allowed”. Last Friday, SEBI barred Karvy from taking new clients with respect to stock broking activities for alleged misuse of clients’ securities. The action followed leading bourse NSE forwarding a preliminary report to SEBI on …

Sebi levies Rs 37.6 lakh fine on 6 firms for fraudulent trading
5 years, 4 months 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, 4 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 levies Rs 40 lakh fine on 8 entities for fraudulent trading in BSE's illiquid stock options
5 years, 4 months ago

SEBI levies Rs 40 lakh fine on 8 entities for fraudulent trading in BSE's illiquid stock options

India TV News  

Markets regulator Sebi on Wednesday levied a total fine of Rs 40 lakh on eight entities for executing fraudulent trades in illiquid stock options on the BSE. The eight entities fined by the regulator were among the various entities that indulged in the execution of reversal trades in the stock options segment of the course, the orders noted. "The notice, …

SEBI levies Rs 22 lakh fine on 3 entities for fraudulent trade in illiquid stock options
5 years, 5 months ago

SEBI levies Rs 22 lakh fine on 3 entities for fraudulent trade in illiquid stock options

India TV News  

Capital markets regulator Sebi has levied a total penalty of over Rs 22 lakh on three entities for indulging in fraudulent trading in the illiquid stock options segment on the BSE. The regulator imposed a fine of Rs 12.2 lakh on Excell Steel and Rs 5 lakh each on Gokul Financial Advisors Pvt Ltd and Universal Enterprises Ltd. The orders …

SEBI levies Rs 20.4 lakh fine on 4 firms for fraudulent trade in illiquid stock options
5 years, 5 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 mulls slew of reforms; tighter check on rating agencies, reward and hotline for informants
5 years, 7 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 slaps Rs 15 lakh fine on Kelvin Fincap for flouting market norms
5 years, 8 months ago

Sebi slaps Rs 15 lakh fine on Kelvin Fincap for flouting market norms

India TV News  

Markets regulator Sebi has slapped a fine of Rs 15 lakh on Kelvin Fincap Ltd for failing to notify change in its directorate to BSE and making wrong disclosures regarding preferential allotment. The regulator conducted an investigation into the scrip of Kelvin Fincap between November 2011 and May 2014 and found that the firm had not made prompt disclosure to …

Fraudulent trade: Sebi imposes Rs 10 lakh fine on four individuals
5 years, 9 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 …

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