MARKETS
Big relief to small brokers; SEBI revamps tech glitch framework, not applicable if clients are less than 10,000
In the last few years, there has been criticism that due to higher compliance and regulatory burden, small broking firms are surrendering broking licences and finding it too difficult to survive
MARKETS
Avdhut Sathe calls for full stay on the order; SEBI cites ‘tips’ as violation of regulations, next hearing on Jan 16
SEBI strongly countered Sathe’s arguments. Senior advocate Chetan Kapadia, appearing for SEBI, read out transcripts of videos in which Sathe was allegedly advising students to mirror his buy and sell calls.
MARKETS
SEBI to tighten rules: No more premium pricing for exiting promoters after open offer period
For a level playing field with minority shareholders, SEBI is likely to watertight this loophole.
MARKETS
Monday showdown at SEBI: Ketan Parekh to face cross examination by Rohit Salgaocar before SEBI, and then proceed for holiday
Front running co-accused in SEBI interim order Rohit Salgaocar wants to cross examine Ketan Parekh, on the ground that Parekh’s statements constituted a crucial piece in the regulator’s investigative material against him.
BUSINESS
SEBI likely to hold plan to expand takeover rules to cash-settled derivatives
Even though single-stock futures are currently limited in India due to regulatory restrictions, SEBI felt it was better to be prepared in case such instruments become widely used in the future.
MARKETS
SEBI issues new merchant banker norms, raises capital, certification and revenue thresholds
With the evolution of securities markets and rising compliance requirements, their roles and responsibilities have expanded significantly hence SEBI tweaked the regulations.
MARKETS
SEBI busts ‘Research Analyst’ who was actually running a grocery shop
In the same matter, the adjudicating officer had earlier given Purooskhan the benefit of doubt and closed the case without imposing any monetary penalty.
MARKETS
SEBI may make it obligatory for target companies to share key details for open offer
SEBI is expected to come up with consultation paper soon on the issue, after receiving the final report from the Committee to Review the Takeover Code.
BUSINESS
SEBI simplifies issuance of duplicate shares, raises threshold to Rs 10 lakh for easier issuance
Now investors holding securities valued up to Rs 10 lakh will be required to submit a Affidavit-cum-Indemnity bond only.
MARKETS
Avadhut Sathe challenges SEBI interim order before SAT, Tribunal allows funds for basic expenses of academy for one month
ASTAPL sought for permission to withdraw Rs 5.25 crore as monthly expenses but SAT allowed withdrawal of Rs 2.25 crore
MARKETS
MF regulation, fixing IPO lock in, discount to investors on debt issues: SEBI board clears key proposals
Board approved sweeping reforms covering mutual fund and stock broker rules, IPO disclosures and lock-in norms, incentives for debt securities, and easier issuance and conversion of physical shares. It also cleared amendments allowing credit rating agencies to rate instruments under other regulators but deffered the code of conflict issue.
MARKETS
Bombay HC fixes liability on depositories for DP frauds, major relief for investors
Legal experts say this judgment materially strengthens the position of investors who were left remediless in broker-cum-DP default cases
BUSINESS
SEBI board to review mutual fund norms, broker rules, IPO lock-ins, CRA mandate
The board is likely to consider amendments to address IPO lock-in issues and simplify disclosures.
MARKETS
SEBI examining whether IndiGo’s parent failed in disclosures; board’s role also under scrutiny
Concerns over possible disclosure violations were first raised by former SEBI executive director and Stakeholders Empowerment Services (SES) founder JN Gupta.
MARKETS
SAT upholds SEBI’s directions on Linde India’s related-party deals; dismisses firm's appeal
SAT upheld SEBI’s July 24, 2024 order, concluding that Linde India’s interpretation of testing materiality on a contract-by-contract basis was contrary to the SEBIs framework.
MARKETS
InterGlobe Aviation board faces sharp criticism from proxy advisory firm SES over FDTL crisis
The report said the episode should serve as a wake-up call to corporate boards: “Merely talking about good governance will not enable excellence; one has to walk the talk.” But cautioned that knee jerk reaction like dimissing the board may be counter productive
MARKETS
Intraday position breaches will attract action on weekly expiry days starting today, F&O pre-open session also begins
SEBI’s May 29, 2025 circular to curb speculation, boost transparency, and strengthen risk management in the fast-growing F&O market took effect in phases from July 1 and becomes fully operational from the trading day of December 8.
MARKETS
SEBI is unlikely to intervene in anchor allocation disputes of IPOs
A backlash erupted after Meesho allotted nearly 25 percent of its QIB portion to SBI Funds Management, prompting several institutional investors to withdraw their applications in protest over what they alleged was a disproportionate allocation despite bidding for similar quantities.
MARKETS
Relief to brokers as SEBI and exchanges scrap penalty-first model, roll out ATR-based system for compliance
Stock exchanges have overhauled their compliance framework, replacing the earlier penalty-driven approach with a structured Action Taken Report (ATR) mechanism that gives brokers two months to fix audit deficiencies.
MARKETS
Union Bank and Yes Bank to join Bank Nifty, NSE tweaks Bank Nifty and Fin Nifty methodology
There will be a two-step selection process prioritising F&O-traded stocks, introduce circuit-filter based eligibility for prospective inclusions, and apply a similar new capping structure mirroring the Financial Services index.
MARKETS
SEBI flags fund diversion at Jindal Poly in NCLT filing, says promoters enriched at minority shareholders’ expense
SEBI findings say that Jindal Poly misused company funds, diverted value to promoter entities, and violated disclosure and regulatory norms, causing substantial losses to shareholders.
MARKETS
SAT allows Rohit Salgaocar to cross-examine Ketan Parekh in front-running case
In its interim order dated January 3, 2025, SEBI accused Salgaocar of benefiting from advance knowledge of large trade orders and barred him, Parekh, and others from trading.
MARKETS
SEBI weighs margin reduction in cash trades; key panel takes up proposal
Moneycontrol had reported earlier this month that SEBI has sought inputs from stakeholders on ways to deepen the cash market. After collecting the views from stakeholders, the proposal was presented before the SEBIs advisory committee.
MARKETS
SEBI clears IPO of ICICI Prudential AMC; check key details
The launch of the issue comes against the backdrop of rapid growth in India’s mutual fund industry, as households increasingly channel their savings into financial assets.
