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Posted Date : 10-Mar-2022 , 08:39:43 am | Posted By CASANSAAR
The government has appointed economic affairs secretary Ajay Seth and corporate affairs secretary Rajesh Verma as part-time members to the board of capital markets regulator Sebi. They will replace Anand Mohan Bajaj, additional secretary in the department of economic affairs, and KVR Murty, joint se...
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Posted Date : 01-Mar-2022 , 10:22:31 am | Posted By CASANSAAR
Madhabi Puri Buch has been named the chairperson of Securities and Exchange Board of India (SEBI), the first woman to head the capital market regulator as the tenure of incumbent Ajay Tyagi ends on February 28. Madhabi Puri Buch, a former SEBI Whole Time Member, was previously nominated to lead...
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Posted Date : 15-Feb-2022 , 09:44:22 am | Posted By CASANSAAR
Sebi (Securities and Exchange Board of India) on Monday cancelled the registration of 11 depository participants, including Karvy Stock Broking Ltd. In a separate order, the market regulator has also cancelled the registration certificate of four other stock brokers Irrespective of the cancella...
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Posted Date : 10-Feb-2022 , 09:08:10 am | Posted By CASANSAAR
Markets regulator Sebi on Wednesday asked asset management companies (AMCs) to form audit committees which will be responsible for oversight of financial reporting process, audit process and compliance with laws and regulations, among others. The circular will come into force with effect from August...
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Posted Date : 05-Feb-2022 , 09:37:02 am | Posted By CASANSAAR
Capital markets regulator Sebi came out with guidelines for asset management companies (AMCs) with respect to following Indian Accounting Standards (Ind AS). Sebi has amended mutual fund rules which mandated AMCs to prepare the financial statements and accounts of the mutual fund schemes in acc...
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Posted Date : 04-Feb-2022 , 09:26:09 am | Posted By CASANSAAR
Capital markets regulator Sebi has restructured its four member high-power advisory committee on settlement orders and compounding of offences. The committee will now be chaired by Jai Narayan Patel, former chief justice of Calcutta High Court, according to a latest update with the Securities and...
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Posted Date : 20-Jan-2022 , 09:15:21 am | Posted By CASANSAAR
Securities and Exchange Board of India (SEBI) has launched Saa₹thi, a mobile app on investor education. The new app aims to empower investors with accurate knowledge about the securities market. Addressing the launch event in Mumbai, SEBI Chairman Ajai Tyagi said, the app will cater large...
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Posted Date : 06-Jan-2022 , 08:55:40 am | Posted By CASANSAAR
In a move to increase awareness regarding online mechanisms for investor grievance redressal, SEBI advised all recognized stock exchanges including commodity derivatives exchanges/ depositories/ clearing corporations to display the information to direct investors to SCORES website, on the home page ...
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Posted Date : 08-Dec-2021 , 07:47:10 am | Posted By CASANSAAR
The government may ask stock and commodity markets watchdog Sebi to oversee cryptocurrencies and regulate the affairs of exchanges dealing with them, as it considers a proposal to classify cryptos as financial assets, industry sources told FE. Investors may get at least three months to declare ...
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Posted Date : 18-Nov-2021 , 10:32:08 am | Posted By CASANSAAR
Securities Exchange Board of India (SEBI) on Wednesday released an investor charter outlining the rights and responsibilities of investors investing in the securities market. The market regulator said it aims to protect the interest of investors by enabling them to understand the risks in...
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Posted Date : 17-Nov-2021 , 08:31:46 am | Posted By CASANSAAR
Markets regulator on Tuesday revised guidelines for processing of draft schemes filed with the stock exchanges. "These amendments are aimed at ensuring that the recognised stock exchanges refer draft schemes to Sebi only upon being fully convinced that the listed entity is in compliance with Se...
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Posted Date : 15-Nov-2021 , 08:15:51 am | Posted By CASANSAAR
The finance ministry, the Securities and Exchange Board of India (Sebi) and the Reserve Bank of India (RBI) are working to bring digital gold, along with crypto assets, under some regulatory oversight, as concerns mount over the unchecked growth in such investments without investor protections that ...
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Posted Date : 09-Nov-2021 , 08:18:52 am | Posted By CASANSAAR
Markets regulator Sebi on Monday allowed foreign portfolio investors (FPIs) to write off all debt securities that they are unable to sell. This will be applicable only to such FPIs who wish to surrender their registration, the Securities and Exchange Board of India (Sebi) said in a circular. &q...
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Posted Date : 01-Nov-2021 , 08:07:05 am | Posted By CASANSAAR
Capital market regulator SEBI has warned billionaire Anil Agarwal's Vedanta Ltd for executing Rs 1,407 crore of related-party transactions without prior approval of the audit committee. In a warning letter, which Vedanta as per SEBI directions disclosed to stock exchanges, the regulator said ...
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Posted Date : 16-Oct-2021 , 08:10:25 am | Posted By CASANSAAR
Capital markets regulator Sebi has constituted a four-member high powered advisory committee on settlement orders and compounding of offences. The committee will be chaired by Vijay C Daga, retired judge of High Court of Bombay, according to an update with the Securities and Exchange Board of India ...
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Posted Date : 30-Sep-2021 , 07:41:04 am | Posted By CASANSAAR
Securities Exchange Board of India (SEBI) has approved the frameworks for gold exchange and Social Stock Exchange. The market regulator SEBI also approved amendments to delisting framework for equity shares at the board meeting held in Mumbai yesterday. A gold exchange is being set up to trade the y...
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Posted Date : 16-Sep-2021 , 09:02:17 am | Posted By CASANSAAR
The Securities and Exchange Board of India (Sebi) on Wednesday barred Abhay Bhutada the MD and CEO of Poonawalla Finance and seven others from accessing the securities market for allegedly insider trading in shares of Poonawalla Fincorp—formerly known as Magma Fincorp. The regulator also impou...
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Posted Date : 08-Sep-2021 , 08:28:10 am | Posted By CASANSAAR
The Securities and Exchange Board of India (SEBI) on September 7 introduced T+1 (Trade plus 1 day) rolling settlement cycle for stocks on an optional basis. The new rule will come into force on January 1, 2022. The regulatory change has been adopted after the market regulator received requests fr...
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Posted Date : 04-Sep-2021 , 08:33:49 am | Posted By CASANSAAR
Capital markets regulator Sebi on Friday asked investors to link their PAN with Aadhaar number by September 30 for continual and smooth transactions in the securities market. Failing to comply with this, a person's Permanent Account Number (PAN) card will become inoperative, which means incom...
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Posted Date : 09-Aug-2021 , 07:28:45 am | Posted By CASANSAAR
Capital markets regulator Sebi has overhauled the rules pertaining to the appointment, removal and remuneration of independent directors to ensure their independence and effectiveness. The development assumes significance in the backdrop of the role of independent directors coming under scrutiny ...
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Posted Date : 04-Aug-2021 , 07:14:09 am | Posted By CASANSAAR
To provide easy access to investors to participate in public and rights issues by using various payment avenues, markets regulator Sebi on Tuesday allowed payments banks to carry out the activities of investment bankers. Non-scheduled payments banks, which have prior approval from the Reserve Ban...
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Posted Date : 03-Aug-2021 , 10:06:02 am | Posted By CASANSAAR
Markets regulator Sebi has reduced the minimum application value of REITs and InvITs, and revised trading lot to one unit for these emerging investment instruments to make them attractive for retail investors. The minimum application value has been cut down to the range of Rs 10,000-15,000 for bo...
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Posted Date : 30-Jul-2021 , 09:20:35 am | Posted By CASANSAAR
Sebi, the capital markets regulator, is considering rule changes to hold controlling stakeholders accountable from the current structure that focuses on regulating the so-called promoters or founders, as more companies with diversified shareholdings line up for initial public offerings. ...
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Posted Date : 05-Jul-2021 , 10:15:13 am | Posted By CASANSAAR
The Securities and Exchange Board of India (SEBI) has fined IL&FS Securities Services Ltd and Allied Financial Services Pvt Ltd (AFSPL) over involvement in fraudulent transfer of mutual fund units from client's accounts. The SEBI has imposed a total penalty of Rs 26 crore on IL&FS Sec...
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Posted Date : 04-Jul-2021 , 09:09:26 am | Posted By CASANSAAR
Investment advisers cannot manage funds as well as securities on behalf of their clients and should not contemplate asking power of attorney in this regard, markets regulator Securities and Exchange Board of India (Sebi) has said. Such advisers can only provide investment advise to clients, it ad...
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Posted Date : 02-Jul-2021 , 10:28:20 am | Posted By CASANSAAR
In an attempt to give more power to non-promoting shareholders in a company, markets regulator Sebi on Tuesday said that two-thirds of the members of the nomination & remuneration committee (NRC) and the audit committee (AC) of the board of a listed company should be independent directors. Curre...
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Posted Date : 30-Jun-2021 , 08:54:40 am | Posted By CASANSAAR
Securities and exchange board of India (SEBI) has approved a proposal to introduce a framework for ‘Accredited Investors’ in the Indian securities market. It will be a class of investors who may be considered to be well informed or well advised about investment products. Accredi...
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Posted Date : 17-Jun-2021 , 09:32:23 am | Posted By CASANSAAR
Capital markets regulator Sebi on Wednesday came out with new guidelines for settlement of running account of client's funds and securities that will be applicable from August 1. Under the guidelines, retention of any amount towards administrative or operational difficulties in settling the a...
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Posted Date : 01-Jun-2021 , 10:20:33 am | Posted By CASANSAAR
Markets regulator Sebi on Monday asked listed companies to make disclosure about loans and guarantees provided by them to promoter or any other entity controlled by them on a half-yearly basis in the compliance report on corporate governance. The move is aimed at bringing transparency and strengt...
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Posted Date : 13-Apr-2021 , 08:13:47 am | Posted By CASANSAAR
Capital markets watchdog Sebi on Monday came out with fresh guidelines on reporting formats for mutual funds. The formats for the reports to be submitted byasset management companies (AMCs) to trustees, by AMCs to Sebi and by trustees to the regulator have been revised on the basis of consultatio...
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- Income Tax Dept serves notices to salaried individuals for documentary proof to claim exemptions
- Bank Branch Audit 2021 - Update on allotment of Branches
- Bank Branch Audit 2020 Updates
- Bank Branch Audit 2021 Updates
- Bank Branch Audit 2020 - Update on Allotment of Branches
- Police Atrocities towards CA in Faridabad - Its Time to be Unite
- Bank Branch Statutory Audit Updates 2019
- Bank Branch Statutory Audit Updates
- Bank Branch Audit 2022 Updates
- Bank Branch Statutory Audit Updates
- NFRA Imposes Monetary penalty of Rs 1 Crore on M/s Dhiraj & Dheeraj
- ICAI notifies earlier announced CA exam dates despite pending legal challenge before SC
- NFRA debars Auditors, imposes Rs 50 lakh penalties for lapses in Brightcom, CMIL cases
- GST Important Update - Enhancement in the GST Portal
- NFRA Slaps Rs 5 lakh Penalty on Audit Firm for lapses in Vikas WSP Audit Case
- CBDT extends due date for filing Form 10A/10AB upto 30th June, 2024
- RBI comes out with FEMA regulations for direct listing on international exchange
- RBI directs payment firms to track high-value, fishy transactions during elections
- NCLT orders insolvency proceedings against Subhash Chandra
- Income Tax dept starts drive to dispose of appeals, 0.54 million at last count
- Payment of MCA fees –electronic mode-regarding
- Budget '11-12' Parliament Completes Approval Exercise
- Satyam restrained from operating its accounts
- ICICI a foreign firm, subject to FDI norms: Govt
- Maha expects Rs 15 crore entertainment tax revenue from IPL
- CAG blames PMO for not acting against Kalmadi
- No service tax on visa facilitators: CBEC
- Provision of 15-minutes reading and planning time allowance to the candidates of Chartered Accountants Examinations
- Companies Bill to be taken up in Monsoon Session
- File Service Tax Return in time as Maximum Penalty increased 10 times to Rs. 20000
