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Posted Date : 18-Feb-2014 , 11:26:44 pm | Posted By CASANSAAR
All listed companies might soon have to prepare an annual information memorandum (AIM), a public document with all relevant information about their financial and operating performance. In a discussion paper released on Tuesday, the Securities and Exchange Board of India (Sebi) has prescri...
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Posted Date : 15-Feb-2014 , 08:13:21 am | Posted By CASANSAAR
The corporate governance norms announced by the Securities and Exchange Board of India (Sebi) go beyond those mentioned in the Companies Act. Sebi has pushed for better corporate governance of listed companies through measures such as the need for a succession policy, prior app...
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Posted Date : 13-Feb-2014 , 10:57:59 pm | Posted By CASANSAAR
The board of market regulator Sebi, on Thursday, approved proposals to tighten the corporate governance norms for all listed entities. It has restricted independent directors to serve as directors on a maximum of seven listed companies and limited their total tenure to two terms of five years each. ...
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Posted Date : 22-Jan-2014 , 06:23:22 pm | Posted By CASANSAAR
Market regulator the Securities and Exchange Board of India (SEBI) today asked depositories to formulate information technology strategy panels at board level with a view to strengthening the IT governance framework of their systems.SEBI issued guidelines to strengthen the IT governance framework of...
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Posted Date : 21-Jan-2014 , 08:34:58 am | Posted By CASANSAAR
Sebi has been asked by its Appellate Authority to disclose details through RTI on process related to grant of recognition to MCX Stock Exchange, as all such information may not be confidential any more. Hearing an appeal against the market regulator's denial of information sought through RT...
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Posted Date : 16-Jan-2014 , 08:55:56 am | Posted By CASANSAAR
To safeguard investors’ interest in IPOs, SEBI may ask companies to make greater disclosures about price discovery and issue certain convertible bonds to retail shareholders to ensure some guaranteed returns. The new corporate governance norms for listed companies, currently being fin...
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Posted Date : 13-Jan-2014 , 08:07:52 pm | Posted By CASANSAAR
Tightening norms for issue of participatory notes (P-Notes) by overseas investors, Sebi has barred "unregulated" foreign funds from dealing in offshore derivative instruments even if their investment managers are appropriately regulated by their concerned regulators. The guidelines, which...
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Posted Date : 11-Jan-2014 , 08:36:26 am | Posted By CASANSAAR
Adding extra powers to its crackdown against fraudsters, SEBI today notified new norms empowering its Chairman to order search and seizure operations during investigations, while necessary safeguards have also been put in place to protect rights of affected persons. These norms come a day a...
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Posted Date : 10-Jan-2014 , 08:38:38 am | Posted By CASANSAAR
Entities charged with serious offences like illegal money pooling, insider trading and fraudulent trades will not be able to settle these cases any more after Sebi today notified a stricter set of settlement norms. Making things even worse for such offenders, the new regulations have been notif...
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Posted Date : 03-Jan-2014 , 08:22:00 am | Posted By CASANSAAR
To ensure more transparency in capital market, Sebi said that mandatory allotment of preferential shares through demat accounts will also be applicable to overseas investors. The move is part of Sebi's effort to check the flow of illicit funds in the issuance of shares to investors on prefe...
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Posted Date : 01-Jan-2014 , 08:32:40 am | Posted By CASANSAAR
From large corporates like Sahara to unknown individuals perpetrating SMS investment scams, it was a year marked by lot many penal actions and even more policy measures by Sebi to safeguard the investors interest. To help it bring to book fraudsters and other market manipu...
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Posted Date : 27-Dec-2013 , 08:19:42 am | Posted By CASANSAAR
Capital markets regulator Securities and Exchange Board of India (Sebi) on Thursday simplified investor account opening procedures by doing away with details about income and occupation of the applicant for the purpose of a centralised KYC registration agency. With this, the regulator is mo...
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Posted Date : 26-Dec-2013 , 07:54:15 am | Posted By CASANSAAR
In their advertisements to attract investors to public offers, companies can be more creative and innovative as long as they are not misleading and contain necessary disclosures of associated risks and other facts, Sebi chief U K Sinha feels. Primary market has been mostly sluggish for last few...
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Posted Date : 22-Dec-2013 , 03:27:22 pm | Posted By CASANSAAR
In its crackdown against market manipulations and other violations, the Securities and Exchange Board of India (Sebi) has said that it goes by facts of the case and the culprits being a big corporate house or a little-known individual become irrelevant. "The message and mantra for Sebi is that we g...
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Posted Date : 21-Dec-2013 , 08:58:02 am | Posted By CASANSAAR
The Securities and Exchange Board of India (Sebi) has issued a consultation paper for a separate investment vehicle to channelise investments into infrastructure. Comments have been invited till January 20. Similar structures are in place in international markets, including Singapor...
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Posted Date : 20-Dec-2013 , 08:23:38 am | Posted By CASANSAAR
Relaxing its norms for foreign investors, Sebi on Thursday allowed overseas entities using complex multi-fund structures to invest in India, if they need to use such models due to regulations in their home country and they are ready to provide details of actual beneficiary of funds. Fearing pos...
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Posted Date : 17-Dec-2013 , 08:41:46 am | Posted By CASANSAAR
In the past one year, promoters of a few companies chose to re-classify themselves as public shareholders to comply with the rule that any listed firm must have a minimum public holding of 25%. The strategy did not go down well with the capital markets regulator, which feels that promoters took the ...
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Posted Date : 13-Dec-2013 , 08:34:09 am | Posted By CASANSAAR
The Securities and Exchange Board of India (SEBI) panel, headed by former chief justice of India N. K. Sodhi, has suggested that trades by promoters, employees, directors and their immediate relatives would need to be disclosed internally to the company. The panel on insider trading also re...
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Posted Date : 10-Dec-2013 , 07:17:12 pm | Posted By CASANSAAR
To deal with insider trading and other offences in securities market, SEBI’s international advisory board today suggested steps like ‘naming and shaming’ of culprits, an effective whistleblower framework and larger penalties. The board also asked SEBI to consider provision...
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Posted Date : 07-Dec-2013 , 08:59:02 am | Posted By CASANSAAR
Capital markets Sebi today issued a detailed advisory for general public on how they can take up their grievances on various issues including investment frauds, manipulative activities and other irregularities. While providing a guidance to general public on effective ways to redress their gr...
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Posted Date : 29-Nov-2013 , 07:06:56 pm | Posted By CASANSAAR
To ward off market manipulation through 'independent' reports on stocks and listed companies, Sebi today proposed new norms to regulate research analysts while clamping down on research services offered by foreign entities without getting registered in India. Those to be regul...
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Posted Date : 26-Nov-2013 , 08:12:04 am | Posted By CASANSAAR
Sebi has reorganised its committee on disclosures and accounting standards that advises the market regulator on matters related to disclosure requirements and accounting practices for various market participants. The Securities and Exchange Board of India (Sebi) had formed the 'Committee on Disclos...
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Posted Date : 21-Nov-2013 , 08:54:48 pm | Posted By CASANSAAR
SEBI today cautioned general public and investors against dealing with MCX Biz Solutions and its proprietor Syed Sadaq, who were found running fraudulent investment schemes with fake and forged documents while using a name similar to that of an exchange group. Market regulator said the re...
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Posted Date : 20-Nov-2013 , 08:06:46 pm | Posted By CASANSAAR
Market regulator Securities and Exchange Board of India (Sebi) has proposed a major overhaul of stock-related employee benefit schemes, to allow companies purchase shares from the open market. The regulator, in January 2013, had prohibited secondary market purchases by employee welfare trusts or un...
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Posted Date : 18-Nov-2013 , 08:45:38 pm | Posted By CASANSAAR
Securities and Exchange Board of India (Sebi) has directed stock exchanges to beef up their surveillance system to ensure the disclosure standard of listed companies is accurate and adequate. The move is aimed at ensuring complete and timely information reaches investors to enable them ta...
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Posted Date : 17-Nov-2013 , 06:18:28 pm | Posted By CASANSAAR
Promoters and top executives, intending to buy or sell shares of their companies, may soon have to inform the market well in advance before such transactions. Securities and Exchange Board of India (Sebi), which is in the process of an overhaul of its insider trading rules, is considering ...
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Posted Date : 15-Nov-2013 , 05:16:15 pm | Posted By CASANSAAR
Market regulator Sebi is likely to come out with detailed guidelines on corporate disclosures on Monday, aiming to improve the quality of giving out information by companies. "Today, there are 1,100 companies which are not compliant with the requirement of clause 35 of shareholding pat...
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Posted Date : 14-Nov-2013 , 09:09:37 pm | Posted By CASANSAAR
Securities and Exchange Board of India (Sebi) has laid down the framework for 'search and seizure' operations to conduct investigations more effectively. Before officially notification, the stock market regulator today today issued draft 'Procedure for Search and Seizure Regulations 2013' and ...
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Posted Date : 04-Nov-2013 , 09:14:39 am | Posted By CASANSAAR
The Supreme Court has dismissed many petitions in the past but rarely has the country’s apex court accused the petitioners of being “stool pigeons” of powerful corporate lobbies. That’s precisely what the judges did on Friday in a detailed 87-page order rejecting th...
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Posted Date : 29-Oct-2013 , 08:19:01 am | Posted By CASANSAAR
SEBI simplified the procedure for transfer of securities from the account of a deceased person and raised the threshold limit for such transactions in demat format to Rs 5 lakh. The move is aimed at making transmission of securities in both dematerialised and physical modes more...
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- Income Tax Dept serves notices to salaried individuals for documentary proof to claim exemptions
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- CBDT extends due date for filing Form 10A/10AB upto 30th June, 2024
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- NCLT orders insolvency proceedings against Subhash Chandra
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- Payment of MCA fees –electronic mode-regarding
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- Maha expects Rs 15 crore entertainment tax revenue from IPL
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- File Service Tax Return in time as Maximum Penalty increased 10 times to Rs. 20000
