SEBI has asked to furnish information and documents as mentioned therein by February 26, 2018, it said.
In March last year, a whole-time member of SEBI had passed an order calling for an investigation into the alleged manipulation of Gitanjali Gems shares
Foundry Fuel Products' promoter BLA International today settled a case related to alleged disclosure lapses with markets regulator Sebi after paying Rs 2 lakh towards settlement.
Besides, the public issue banker would need to pay an interest amount of 15 per cent to the investors for failing to resolve the grievance within 15 days, while they may also face Sebi's action for such failures.
During the inspection of the shareholding of S Kumars, SEBI observed that the nine entities had "failed to make disclosures regarding creation/ invocation/ release of certain pledge transactions and off market sale/ purchase of shares" of the company.
The scheme will be categorised as an open-ended equity scheme following economic reforms and infrastructure development theme
The regulators are set to spread their net overseas as it has been found that credit was availed from various bank branches in Hong Kong on the basis of Letters of Undertaking (LoUs) issued by Punjab National Bank.
Markets regulator Sebi today lifted the restrictions imposed on Swaraj Automotives, its directors and promoters after the company complied with the the 25 per cent minimum public shareholding norms.
The Secondary Market Advisory Committee is chaired by IIM Ahmedabad Professor and former whole-time member of Sebi, Jayanth R Varma.
"Sebi will soon come out with norms on corporate bonds to encourage companies to tap this route for raising funds. The government proposal to mandate listed firms to raise 25 per cent funds via corporate bonds is a good step and Sebi will come out with detailed rules by September in this regard," Tyagi told reporters here after its board meeting.
Fortis Healthcare was issued notices by the stock exchanges yesterday following a media report claiming that the company's promoters, the Singh bothers, took at least USD 78 million (about Rs 500 crore at current exchange rate) out of the publicly-traded hospital company they control without board approval about a year ago.
For 2018 and next year, a priority would be on putting in place facilities to further encourage raising funds from the primary market, according to Sebi chairman Ajay Tyagi.
The high-level Sebi committee, headed by eminent banker Uday Kotak, had suggested a major overhaul of corporate governance norms for listed companies in its report submitted on October 5.
The government proposal to mandate listed firms to raise 25 percent of funds via corporate bonds is a good step and SEBI will come out with detailed rules by September in this regard, SEBI chief Ajay Tyagi said.
The board of Securities and Exchange Board of India (Sebi) today apprised Jaitley about the market trends and recent initiatives taken by it.
Expecting a big boost to the corporate bonds market going forward, Sebi Chairman Ajay Tyagi said the rules for mandatory 25 per cent fund-raising by listed companies through this route would be out by September.
SEBI said that auditors who have conducted audit of mutual fund for more than nine years may continue till the end of 2018-19
This included Rs 50.08 crore as principal amount and Rs 41.44 crore as interest, Minister of State for Finance Pon Radhakrishnan said in a written to the Lok Sabha.
A list of important headlines from across news agencies that could help in your trade today.
Following an inspection of the scrip of Metkore, SEBI had observed that the four entities had not complied with the disclosure norms as required under SAST Regulations.
The case was till now being investigated by Pune's Economic Offences Wing, and market regulator Securities and Exchanges Board of India.
They are also keeping a strict vigil for any possible manipulation as also against the rumour mongers, the officials said, as the benchmark indices Sensex and Nifty crashed with close to Rs 10 lakh crore getting wiped off from the investors' wealth in just three days.
The markets regulator also asked them to communicate to investors any change in the base Total Expense Ratio (TER) of the scheme through email or SMS at least three working days prior to effecting such change.
The next update would be available on February 12.
The open-ended equity scheme, will invest at least 65 percent of its assets in equity and equity-related instruments, while up to 35 percent will be deployed in debt and money market instruments