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Posted Date : 08-Apr-2024 , 07:45:43 am | Posted By CASANSAAR
A financial influencer, also known as finfluencer, who was also involved in imparting training related to stock market trading has been asked to part with a little over ?12 crore, which it made unlawfully. The funds are to be credited or deposited by Ravindra Balu Bharti into an interest-bearing ...
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Posted Date : 22-Mar-2024 , 07:32:27 am | Posted By CASANSAAR
The Securities and Exchange Board of India (Sebi), the country's market regulator, has announced the launch of an optional same-day (T+0) settlement cycle for a select group of 25 stocks starting March 28, as per a circular published on its website last Thursday. This new initiative, referred to...
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Posted Date : 01-Mar-2024 , 08:51:56 am | Posted By CASANSAAR
Capital markets regulator Sebi on Thursday slapped a fine of Rs 48 lakh on eight entities, including promoters of United Polyfab Gujarat Ltd (UPGL), for manipulating the share prices of the company. These entities have to pay the penalty jointly and severally within 45 days, as per an order. T...
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Posted Date : 14-Feb-2024 , 08:38:14 am | Posted By CASANSAAR
Sebi alerts investors about the growing trend of unregistered entities falsely claiming Sebi registration and offering unrealistic returns. Investors are advised to verify the registration status and consider the inherent risks associated with high-return investments. The Securities and Exchange ...
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Posted Date : 10-Feb-2024 , 09:57:50 am | Posted By CASANSAAR
Capital markets regulator Sebi on Thursday issued orders of action against 15 guest experts of the Zee Business channel for unlawful trading. The entities made unlawful gains to the tune of Rs. 7.41 crore from such trades and the profit was shared with guest experts as per prior understanding, Sebi ...
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Posted Date : 15-Jan-2024 , 10:15:08 pm | Posted By CASANSAAR
In a measure that could bring relief to promoters of startups, the Securities and Exchange Board of India (Sebi) is in favour of relaxing the rules on the minimum promoters’ contribution at the time of an initial public offering (IPO). As startup founders typically dilute their stakes in th...
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Posted Date : 06-Jan-2024 , 09:41:00 am | Posted By CASANSAAR
The Securities and Exchange Board of India (SEBI) on Friday said that investors across all categories will be allowed for short selling, but naked short selling will not be permitted. The market regulator also said all stocks that trade in the futures and options (F&O) segment are eligible for s...
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Posted Date : 28-Dec-2023 , 08:45:30 am | Posted By CASANSAAR
Capital markets regulator Securities and Exchange Board of India (SEBI) on Wednesday extended the deadline for demat and mutual fund account holders to provide a nomination. As per the market regulator, the deadline has now been extended to 30 June 2024. Earlier, the deadline to nominate a ...
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Posted Date : 14-Dec-2023 , 09:07:54 am | Posted By CASANSAAR
Capital market regulator SEBI has allowed stock brokers and clearing members to park client funds in mutual fund overnight schemes as they invest only in risk-free government securities. Brokers and clearing members should ensure that the overnight schemes invest only in government bond, overnigh...
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Posted Date : 27-Nov-2023 , 08:21:09 pm | Posted By CASANSAAR
Capital markets regulator Sebi aims to introduce same-day settlement of trades on stock exchanges by March 2024 and eventually have real time settlement, its Chairperson Madhabi Puri Buch said on Saturday. Already, the watchdog reduced the settlement timelines to as short as one day. “Sebi ...
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Posted Date : 18-Nov-2023 , 08:41:41 pm | Posted By CASANSAAR
Capital markets regulator Sebi on Friday decided to do away with the provision of requiring the freezing of folios without PAN, KYC details and nomination for all holders of physical securities. The move, aimed at simplifying the rule, will come into force with immediate effect, the Securities an...
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Posted Date : 17-Nov-2023 , 07:58:44 am | Posted By CASANSAAR
Securities and Exchange Board of India (SEBI) Chairperson Madhabi Puri Buch Thursday said the regulator would review new proposed delisting regulations and trading plan reforms at its board meeting soon. SEBI had earlier said it may allow companies to delist shares at a fixed price as against the...
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Posted Date : 14-Nov-2023 , 07:50:34 am | Posted By CASANSAAR
The Securities and Exchange Board of India (Sebi) has directed stock brokers to publish a narrow list of terms and conditions labelled as ‘most important terms and conditions’ (MITC) to convey risks, tariffs, and policy-related information in an easy format to investors. Investors and...
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Posted Date : 04-Oct-2023 , 08:49:01 am | Posted By CASANSAAR
Market regulator Sebi has announced the introduction of a centralised system for reporting and verifying the death of an investor. This is aimed at streamlining the process of transferring assets in the securities market. This circular shall come into effect from January 01, 2024. The circular...
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Posted Date : 23-Sep-2023 , 07:55:05 am | Posted By CASANSAAR
SEBI provides flexibility to large corporates in raising funds through issuance of debt securities. The Securities and Exchange Board of India (SEBI) has decided to provide flexibility to large corporates in raising funds through issuance of debt securities for incremental financing needs. The de...
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Posted Date : 21-Sep-2023 , 06:03:26 pm | Posted By CASANSAAR
Market regulator Sebi has said it will auction the property of the Saradha Group of companies next month at a reserve price of over Rs 3 crore to recover money raised by the firm from the public through illicit schemes. The property located in West Bengal will go under the hammer, the Securities ...
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Posted Date : 19-Sep-2023 , 08:19:00 am | Posted By CASANSAAR
Market regulator Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs1.80 crore on Talwalkars Better Value Fitness Ltd (TBVFL) and the company's top executives, including two chairpersons, for misrepresenting the financial statements and failing to make true and adequate dis...
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Posted Date : 26-Aug-2023 , 07:45:51 am | Posted By CASANSAAR
Market regulator Securities Exchange Board of India (SEBI) on Friday released a consultation paper on the association of registered intermediaries with ‘finfluencers’ or digital and social media influencers broadly operating in the space of financially literacy and business. The...
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Posted Date : 19-Jul-2023 , 08:24:42 am | Posted By CASANSAAR
Listed companies must disclose to the public all information on business deals and arrangements that have a bearing on their prospects. Securities and Exchange Board of India (Sebi) last week tightened the listing obligations and disclosure requirements (LODR) regulations that mandated firm...
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Posted Date : 11-Jul-2023 , 10:52:24 am | Posted By CASANSAAR
Amidst the growing scale of the mutual fund industry, Securities and Exchange Board of India (SEBI) has increased the role and accountability of the Trustees in a bid to safeguard unit holder’s interest. SEBI has further said that a unit holder protection committee (UHPC) by the board...
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Posted Date : 08-Jul-2023 , 04:10:43 am | Posted By CASANSAAR
Capital market watchdog Sebi on Friday came out with a regulatory framework for private equity funds sponsoring a mutual fund house as well as for self-sponsored Asset Management Companies (AMCs). Under the framework for private equity (PE) funds, Sebi said the applicant is required to have a minimu...
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Posted Date : 30-Jun-2023 , 07:22:32 am | Posted By CASANSAAR
The Securities and Exchange Board of India (Sebi) on Wednesday tightened the disclosure requirements for foreign portfolio investors (FPIs) in a bid to get a better handle on them and prevent the possible circumvention of minimum public shareholding (MPS) and takeover norms. The Sebi board also a...
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Posted Date : 29-Jun-2023 , 08:35:48 am | Posted By CASANSAAR
To ensure greater transparency, markets regulator Sebi on Wednesday decided to mandate enhanced disclosures from certain class of Foreign Portfolio Investors (FPIs), including furnishing granular level details about ownership and economic interests. The new norms will be applicable for FPIs that ...
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Posted Date : 26-May-2023 , 09:48:25 am | Posted By CASANSAAR
SEBI has asked all foreign funds investing in the country to identify their parent financial institution to help unravel opaque ownership structures, according to a letter seen by Reuters. The letter was sent by the Securities and Exchange Board of India (Sebi) to custodian banks, through which fund...
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Posted Date : 29-Apr-2023 , 07:36:46 am | Posted By CASANSAAR
Sebi on Friday barred Karvy Stock Broking Ltd (KSBL) and its promoter Comandur Parthasarathy from the securities market for seven years and imposed a penalty of Rs 21 crore on them for misappropriating clients' funds by misusing the Power of Attorney given to it. Further, the funds raised by ple...
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Posted Date : 12-Feb-2023 , 08:41:40 pm | Posted By CASANSAAR
A day after issuing a consultation paper for tightening the responsibilities of mutual fund Trustees, Securities and Exchange Board of India (SEBI) is planning a forensic audit of all 44 mutual funds in the wake of the unfortunate events at Franklin Templeton India Mutual Fund and Axis Mutual Fund i...
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Posted Date : 08-Jul-2022 , 07:53:29 am | Posted By CASANSAAR
Capital markets regulator Sebi on Thursday warned investors against fraudulent phone calls, emails and messages about refund of money. This comes after the Securities and Exchange Board of India (Sebi) noticed that unscrupulous individuals are trying to cheat public by h...
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Posted Date : 05-Jul-2022 , 12:35:17 pm | Posted By CASANSAAR
Market regulator Sebi on Monday asked stock exchanges and depositories to launch an online complaints redressal system of their own within six months. This is in line with the online platform, SCORES, launched by the capital markets regulator in June 2011 to help investors lod...
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Posted Date : 12-May-2022 , 08:55:19 am | Posted By CASANSAAR
To strengthen the regulatory framework for collective investment schemes, markets regulator Sebi has enhanced the net worth criteria and track record requirements for entities managing such schemes. Also, the regulator has mandated a minimum of 20 investors and a subscription amount of at least...
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Posted Date : 11-Mar-2022 , 08:09:24 pm | Posted By CASANSAAR
The government has appointed State Bank of India (SBI) managing director Ashwani Bhatia as whole-time member (WTM) of the Securities and Exchange Board of India (SEBI). The Appointments Committee of the Cabinet (ACC) has approved the appointment of Bhatia as a member initially for a period of...
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