Other proposals on the agenda are reducing the cooling off period for former employees to one year and review of the watchdog's recruitment policy.
According to a SEBI order, Asoka had offered redeemable preference shares to 6,842 investors during the financial years 2007–08 to 2011–12 and raised approximately Rs 6.22 crore.
Two properties sold for over Rs 2 crore in the Pancard Clubs case by SEBI. Property in Panvel has been sold for Rs 68.09 lakh, the one in Mumbai has been disposed of for Rs 1.34 crore
ICICI Bank's Board created a new position of a Chief Operating Officer (COO) overnight, to be occupied by Sandeep Bakhshi, who will report to CEO & MD Chanda Kochhar
The Securities and Exchange Board of India (SEBI) could amend the Issue of Capital and Disclosure Requirements (ICDR) after analysing public opinion during its board meeting scheduled for June 21.
The Bengaluru-based company had filed its draft papers with the regulator in January, as per the update with markets watchdog.
SEBI plans to change certain provisions in the takeover regulations. The changes are expected to be discussed at SEBI's board meeting to be held on June 21
The details have been shared with the Income Tax Department, the Enforcement Directorate, the Ministry of Corporate Affairs (MCA) and the Financial Intelligence Unit.
The Securities and Exchange Board of India (Sebi), in April, had put in place a framework for the depositories -- NSDL and CDSL -- to monitor the foreign investment limits in listed Indian companies.
According to a Sebi order dated June 15, Greenbang Agro had allotted secured redeemable non-convertible debentures (NCDs) to at least 210 investors during the financial years 2011-12, 2012-13 and 2013-14 and mobilised nearly Rs 37 lakh.
BSE said that the stock brokers were required to submit the system audit report for the period ended March 31, 2018 latest by June 30 this year.
Four Maharashtra-based companies admitted to investigators that were just ‘shell’ entities used to deposit cash worth Rs 450 crore
According to the official, the proposal is likely to be taken up during Sebi's board meeting scheduled for June 21.
Sebi said pursuant to transfer of schemes of JP Morgan Mutual Fund to Edelweiss Mutual Fund and at the request of JP Morgan Mutual Fund, the regulator, vide its letter dated June 13, 2018 has cancelled the certificate of registration of JP Morgan Mutual Fund.
As per the Sebi, commodity bourses need to disclose about name and units of the commodities; source of data; average deliverable supply (production plus imports) during past five financial year; current year deliverable supply, classification of the agricultural commodities on the basis of -- sensitive, broad and narrow.
A whistle-blower had alleged that certain brokers who availed NSE’s co-location facility, got preferential access to price feeds by conniving with some exchange employees.
The number of FPIs with the markets regulator climbed to 9,136 at the end of March this year from 7,807 a year ago, resulting in an addition of 1,329 according to Sebi data.
The designated authorities through an enquiry report had recommended that the application of Phillip Commodities submitted for registration as a commodity broker may not be considered in the interest of securities market and its application may be rejected.
This is aimed at strengthening the accountability and functioning of credit rating agencies (CRAs).
For securities market, the requirement of PAN (Permanent Account Number) would continue to be mandatory for completing the KYC (Know Your Client) process.
Besides, the regulator has raised the maximum period of accepting funds from an Angel investor to five years, from three years. The move will provide angel funds more time to identify opportunities and invest in venture capital firms.
Apart from the RBI, the merger process has got approval from Competition Commission of India, National Housing Board, NSE, BSE and SEBI
The big indices have retreated just 5-6 percent from their peaks, but the price damage in mid and small cap shares has been severe.
The fund houses need to disclose about name of the scheme, base as well as total TER, additional expense and Goods and Services Tax (GST) for regular and direct mutual funds plan in a prescribed format.
The new norms are likely to have an impact on global rating agencies like S&P, Moody's and Fitch which have significant holdings in domestic agencies besides their direct presence.