Among others, the incentives given by the bourses during a financial year should not exceed 25 per cent of the net profits or the free reserves of the stock exchange concerned.
The logic behind seeking extended market hours is to have an overlap with the European markets, which the exchanges hope would mean increased volume. But is the logic sound?
Legal and tax experts are of the view that till the time that these companies are explicitly declared as shell companies formed only for the purpose tax evasion, the measures are temporary.
The regulator has also advised companies to produce an auditor’s certificate with various details — company’s income tax returns for the past three years, any pending disputes with the tax department, the status of their compliance with the Companies Act
Moneycontrol explains what a grey market is and how it influences the listing day price of companies going public.
Trading worth Rs 10.22 lakh crore in corporate bonds were reported on the two bourses during 2015-16, according to data compiled by capital market regulator Sebi.
According to the SEBI circular issued in last week of February, exchanges have also been asked to carry forward over 75 percent of interest income earned on the fund. There will be tax levied on the amount carried-forward.
The board in its meeting held today "approved an issue of rated, listed, secured, redeemable, non-convertible debentures of Rs 500 crore plus green shoe option of Rs 200 crore on private placement basis", Capital First said in a regulatory filing to stock exchanges.
"...The Corporation is now contemplating subject to market conditions, undertaking an issuance of rupee denominated bonds under the said MTN programme to overseas investors," HDFC Ltd said in a regulatory filing to stock exchanges.
"Glenmark would like to state that its Ankleshwar plant received the EIR (establishment inspection report) yesterday.
"Jain Irrigation receives order worth Rs 1,890 million for development of micro irrigation systems network," the company said in a filing to the stock exchanges.
This is crucial, particularly on the back of National Insurance being among the five public sector general insurers who have received Cabinet nod for listing on the stock exchanges.
BSE will shift scrips of 34 firms to the trade-to-trade or the 'T' or 'XT' group segment, while the National Stock Exchange has decided to move 13 stocks, the bourses said in separate notices.
The tata group company had posted a net profit of Rs 25.39 crore in the October-December quarter of the 2015-16 fiscal, Tata Investment said in a regulatory filing on stock exchanges.
Markets regulator Sebi and stock exchanges have beefed up surveillance and risk management systems to handle eventualities that may arise from excessive volatility in the wake of Budget announcements.
Concerned over a large number of companies indulging in illegal money pooling activities, markets regulator Sebi today cautioned investors and general public against dealing with such entities -- 256 as per the latest update.
State Bank of India (SBI) today raised Rs 5,680.99 crore by issuing preferential shares to the government.
Regulator Sebi today asked stock exchanges to formulate a comprehensive policy document for providing bourse-related data to market participants in a fair and transparent manner.
Public sector reinsurer General Insurance Corporation of India (GIC Re) could be among the first general insurers to be listed on the stock exchanges with the Cabinet approving their Initial Public Offering (IPO). In an interview with M Saraswathy, Alice G Vaidyan, chairman and managing director of GIC Re talks about their plans ahead of the IPO.
â€œThere is reluctance among both clients and (dabba) brokers to transact in Rs 2000 notes owing to a fear that these notes too may be recalled,â€ said a broker who arranges for such transactions.
Putting in place a few more disclosure norms for real estate investment trusts (REITs), Sebi today asked such entities to inform stock exchanges about actual utilisation of the funds raised.
In order to ensure fair access to the co-location facility, markets regulator Sebi today directed stock exchanges to allow direct connectivity between such facility of one bourse with the other.
Markets regulator Sebi today issued a new framework for functioning of stock exchanges and clearing corporations that are setting up their operations in international financial services centres (IFSCs).
The gold exchange traded funds gained as much as three percent in early trading on the BSE, with HDFC Mutual Fund - HDFC Gold Exchange Traded Fund jumping to Rs 2,900 per gram.
"The exchange has sought clarification from the companies with respect to news item captioned 3.2 million debit cards compromised...the response is awaited," NSE said.