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.
BUSINESS
SEBI proposes easing rules for InvITs, REITs; Seeks to broaden investment flexibility
Proposals are aimed at providing improving operational flexibility and better aligning the framework with the commercial realities of REITs and InvITs, while retaining safeguards for investors.
MARKETS
Moneycontrol News Break confirmed, SEBI bars calendar spread margin benefit for single-stock derivatives on expiry day
Changes will align the calendar spread treatment for single-stock derivatives with that of index derivatives and provide sufficient time to end clients to bring in additional margin on the expiry day.
BUSINESS
Anti-Corruption Court rejects plea seeking FIR against SEBI and exchange officials, warns complainant against forum hunting
Claiming to be an investor in Infosys, complainant argued that no valid SEBI permissions existed for the IPO.The court stated that at every stage, the complainant has failed to prove his case and appears to be presuming to fulfil his oblique motive by filing such frivolous complaints.
MARKETS
SEBI’s calls for ‘Bond’ing over bonds, launches pan India outreach program to promoter corporate bonds
SEBI chairman Pandey called for collective action. He said, regulation alone cannot build a market. The next phase depends on issuers, investors, intermediaries, stock exchanges, and regulators moving together.
BUSINESS
Big relief for brokers: No disqualification on mere filing of FIR, SEBI proposes tweaks in ‘Fit and Proper’ criteria
Moneycontrol had exclusively reported on January 23 that SEBI will soon float a consultation paper on easing of 'Fit and Proper' criteria based on industry inputs and as part of Ease of Doing Business.
MARKETS
NSE set to kick off IPO process after SEBI nod, board meeting on Friday to approve financials and form IPO panel
The exchange may target the filing of the DRHP by March-end, based on the September quarter audited numbers.
MARKETS
The STT math: How a Rs 10,000-crore tax gain wiped Rs 10 lakh crore off market value
Fund managers like S Naren defended the move by saying speculative trading can't create long-term wealth
MARKETS
STT hike may hit derivatives volumes up to 30%; market participants flag liquidity concerns
Budget proposes to increase STT on futures from 0.02 percent to 0.05 percent. Also, the STT on options premium and on options exercise has been hiked to 0.15 percent. The existing STT on the premium is 0.10 percent and on options exercise is 0.125 percent.
BUDGET
Budget proposals for Corporate Bonds likely to provide the much-needed oxygen for debt market, say experts
Economic Survey had called for various reforms including incentives for deepening the corporate bond market.
MARKETS
Steep STT hike may cool down equity derivatives volume, impact on brokers and exchanges expected
The move is expected to encourage investor to go for long term investment instead of intra-day trading.
BUSINESS
Capital gains tax on buybacks: Budget adds extra levy on promoters to curb misuse
Experts say, the proposed changes are expected to reduce promoter-led tax arbitrage through buybacks, make the mechanism more investor-friendly, and also safeguard government revenue.
BUSINESS
SEBI rolls out special window for legacy physical shares, allows direct demat without LOC
Both measures are expected to enhance ease of doing investment and ease of doing business.
BUSINESS
New chapter of value creation, says NSE chairman on key SEBI nod for IPO
The regulatory nod marks a major breakthrough for India’s largest stock exchange, whose IPO plans had been on hold for nearly a decade
BUSINESS
NSE gets key approval for its IPO, settlement to follow in due course
After the key document in hand NSE can now officially engage with merchant bankers and law firms to prepare its application document for IPO or Draft Red Herring Prospectus (DRHP).
MARKETS
Corporate bond market needs coordinated reform to unlock long-term capital, Economic Survey suggests tax simplification
Economic Survey calls for expanding the investor base through targeted incentives, including simplified tax structures for bonds.
MARKETS
MFDs vs Investment Advisors: SEBI to resolve the turf dispute, forms a working group
According to experts, the persistence of regulatory silos has led to distinctions being drawn on nomenclature rather than investor outcomes.
MARKETS
Bombay High Court puts GST demands on insurers on hold, short term but big relief to ICICI Lombard
GST authorities had demanded 18 percent GST on the portion of premium shared with other insurers, and commissions paid in reinsurance arrangements.
MARKETS
SEBI likely to ease stringent ‘Fit and Proper’ criteria for stock brokers and other intermediaries
Broker bodies had collectively made representation to SEBI in December 2022 and again rasied the issue last year. Some had challenged the provisions of 'Fit and Proper' in Bombay HC and SAT also.
MARKETS
Avadhut Sathe case: SEBI sought Rs 546 crore but SAT ordered to deposit Rs 100 crore. How SAT arrived at the Rs 100 crore figure?
SAT said SEBI had made out a prima facie case of violation of the Investment Adviser (IA) and Research Analyst (RA) regulations, which ruled out any blanket relief to the appellants at this stage.
MARKETS
SAT directs trading guru Avadhut Sathe to deposit Rs 100 crore in case against SEBI
SAT also directed Sathe and ASTA not to sell the fixed assets, as per the order the value of fixed assets is around Rs 100 crore.
MARKETS
SAT denies interim relief to Embassy Developments; company expecting relief from NCLAT
The SAT held that a stay by the NCLAT only puts the insolvency order on hold and does not wipe it out. Since the order continues to exist, the stock exchanges were justified in keeping the company under ASM.
MARKETS
SAT reserves order in Avadhut Sathe appeal against SEBI interim order
Tribunal has reserved its order after hearing SEBI and Avadhut Sathe clash over allegations of unregistered stock tips, use of market data, and compliance with an interim impounding order.
MARKETS
SEBI plans simpler KYC and Re-KYC rules to end repeated paperwork for investors, mandate 5-year review at KRAs
The objective of the proposal is to simplify client onboarding by reducing repetitive KYC requirements while strengthening and standardising risk management at KYC Registration Agencies.
