MARKETS
Govt appoints K V Ramana Murty as SEBI whole-time member: Sources
Whole-time members form part of SEBI’s top decision-making body and oversee key regulatory and operational functions.
MARKETS
SEBI proposes simplified claim process, higher limits to ease transmission of securities
The move is expected to significantly reduce the compliance burden in cases involving small investments and allow quicker settlement of claims.
MARKETS
Merchant bankers begin NSE IPO pitches; legal advisor likely to be finalised this week
The development follows the NoC issued by the SEBI on January 30, clearing a key regulatory hurdle for the exchange to proceed with its long-delayed listing plans.
MARKETS
NSE asks brokers to disclose and remit excess STT collected for FY24 and earlier
The exchange said brokers must also remit the excess STT along with interest at 1 percent for every month of delay to NSE immediately under intimation to the income tax department.
BUSINESS
Sahara Group will have to refund Rs 14,106 cr raised through OFCDs as SAT upholds SEBI order
SAT ruled OFCD issuance violated company law, claims of refund also not reliable.
BUSINESS
SEBI may come up with common disclosure mechanism and penalty structure for listed companies for ease of compliance
The issue is being discussed internally and is likely to be sent for further review to the panel constituted to review the listing and disclosure framework.
MARKETS
SAT upholds SEBI action against Kotak AMC in Essel Group FMP case but relief on disgorgement, AMC to challenge order in Supreme Court
Kotak Mahindra AMC in a statement said there is no impact on the existing schemes or unit holders of the fund house.
MARKETS
SEBI introduces 'lock in' facility for mutual fund folios to prevent unauthorised transaction
The regulator said the measure has been introduced to promote greater digital security of mutual fund units and to protect investors from potential misuse of their accounts.
MARKETS
SEBI collected 1.7 TB email dump in IndusInd Bank insider trading probe; SAT rejects plea for access by ex-Deputy CEO
Since the case has not yet reached the adjudication stage, the tribunal ruled that Arun Khurana’s request for the complete email database and other materials does not merit consideration.
MARKETS
SEBI weighs scrapping Close-to-Money norms in options on goods to ease compliance: Sources
As per sources, exchanges have represented to the regulator that the CTM classification adds complexity, particularly in physically-settled options on goods.
BUSINESS
SAT upholds SEBI action on Som Distilleries over ‘clever’ disclosure
SAT noted that the rationale for the fundraise changed completely to the opposite within just 2 months, disclosure was vague.
BUSINESS
Brokers highlight concerns in Fin Min meet, hopeful of 6-month extension in RBI norms
Brokers urged at least six-month extension, saying the STT and RBI circular if implemented together could affect the entire ecosystem.
MARKETS
'We will get to the bottom of it,' says SEBI Chief on officer suspension issue
Tuhin Kanta Pandey said SEBI expects integrity from external stakeholders and is equally expected to uphold the same standards internally.
BUSINESS
Brokers seek urgent FinMin meet over RBI’s new capital market norms: Sources
Brokers may request six month deferment of RBIs direction in the meeting with the finance ministry officials also may request for relook on STT hike proposal.
MARKETS
SAT rejects Avadhut Sathe’s application to withdraw funds to challenge the tribunal's order
During earlier proceedings, the tribunal had permitted withdrawal of Rs 2.25 crore towards monthly expenses.
MARKETS
SEBI court refuses to close case against Chetan Sandesara and others, issue was settled in SC
The Special SEBI court held that, Supreme Court orders did not explicitly refer to the present prosecution and therefore could not be interpreted to include it.
MARKETS
SAT dismisses brokers’ appeals against SEBI co-location show cause notices
SAT also rejected the challenge to SEBI’s internal file notings that led to ISB engagement, holding that these were administrative decisions, which can not be challenged.
BUSINESS
Brokers flag liquidity risks in RBI’s new credit curbs on capital market intermediaries, likely to make representation to regulators
To address concerns, market participants are seeking a calibrated approach, including joint consultations between the RBI, SEBI and broker associations.
MARKETS
Avadhut Sathe moves SAT again, seeks release of funds to challenge order in Supreme Court, order reserved
Sathe side requested for continuation of interim relief so that the matter may be carried further in appeal before Supreme Court. SAT has reserved the order.
BUSINESS
SEBI mulls further tightening of fund utilisation norms amid IPO boom
In many SME issues, SEBI investigation revealed that significant amount of funds was siphoned or diverted from companies. Hence, the tightening is under consideration.
BUSINESS
Listing rules on corporate governance to prevail over RBI’s for listed banks, clarifies SEBI
The informal guidance in the PNB case is expected to provide clarity to other regulated entities navigating overlapping governance frameworks of SEBI and RBI.
MARKETS
SEBI orders Setco Automotive promoters to repay over Rs 208 crore for alleged fund diversion; imposes market bans
SEBI chose not to impose any monetary penalty or trading restrictions on the company, citing the stressed financial condition and the risk that harsher action could further harm minority shareholders.
BUSINESS
NSE board clears IPO plan, forms IPO committee under former LIC MD Tablesh Pandey
SEBI issued No objection Certificate (NoC) for NSE IPO on January 30, which was crucial for filing IPO application before regulator.
BUSINESS
Merchant bankers rattled with SEBI’s ‘Relativity’ test, seek tweaks in regulation
Merchant bankers say that with such an exhaustive list under the definition of ‘relative’, it is practically difficult to check and track the portfolios of relatives.
