The Securities and Exchange Board of India (SEBI) may discuss new regulations for auditors, portfolio management services (PMS) and proxy advisory services at its upcoming board meeting in November.
The committee was set up by Sebi following a Supreme Court order for selling properties of PACL and using the sale proceeds to refund investors.
Sebi said that rapid technological developments in securities market have highlighted the need for maintaining robust cyber security and cyber resilience framework to protect the integrity of data and guard against breaches of privacy.
The PIT rules make it mandatory for every listed public company to lay down a code of conduct for prevention of insider trading in the securities of the firm and these framework need to be observed by its designated persons.
The order comes on a preliminary report filed by NSE which informed the regulator of various irregularities observed by the stock exchange.
The private sector lender, which filed draft papers with the markets regulator in August, received its observations on October 1, latest update with the SEBI showed.
In December 2017 SEBI pushed further steps towards schemes consolidation through a Categorization and Rationalization of schemes within an AMC to keep clear cut distinct and simply understandable schemes.
In September, CP issuances dropped to Rs 54,535 crore, from Rs 1.23 lakh crore in August and Rs 1.3 lakh crore in July.
The co-location facility allowed brokers to take on rent specific racks and co-locate their servers and systems within the exchange premises.
The framework comes after Finance Minister Nirmala Sitharaman in August said that the markets regulator would soon implement the Depository Receipt Scheme 2014.
Certain market participants are spreading false/misleading rumours against the company's financial services business in an attempt to create panic among various stakeholders, it said in a regulatory filing.
There may be marginally higher volatility in returns, but that is more realistic and beneficial
The entities have been 21 days time to file their objections, if any, to the SEBI order.
Consequently, SEBI has revoked its interim directions issued in September last year, wherein it had directed exchanges to appoint an independent auditor to conduct forensic audit of J Kumar.
As per the draft papers, the IREDA's IPO comprises sale of 13.9 crore shares or about 15 percent stake of the company.
During the meeting, the regulator found that "the participants were keen on emerging areas such as REITs (real estate investment trusts) and InvITs, (infrastructure investment trusts) which have more than $10 billion asset size as on today".
While most changes are welcome, they will have to be assessed in light of current fund structures
The order comes on an appeal filed by ex officials of CG Power - Gautam Thapar, V R Venkatesh, Madhav Acharya, B Hariharan and Avantha Holdings Ltd - against an "ex-parte ad interim order" passed by Sebi on September 17, 2019.
These measures are aimed at enhancing transparency and disclosure for investment in debt and money market instruments by mutual funds.
Bholebaba Suppliers Pvt Ltd, Akriti Advisory Services Pvt Ltd, Sarvottam Advisory Pvt Ltd, Eversafe Promoters Pvt Ltd, Overall Vincom Pvt Ltd, Subhankar Exim Pvt Ltd and Supernova Advertising Pvt Ltd are the firms facing penalty.
The ruling came after the regulator carried out investigation into the suspected price and volume manipulation in the scrip of Sumeet Industries between October 2006 and March 2007.
Recent cases of defaults have drawn attention to lapses by rating agencies.
The company may consider a pre-IPO placement for an aggregate amount not exceeding Rs 100 crore.
The investigation was carried out by SEBI for the period during May 2009 and February 2010.
The agency, which has been pursuing this case for several months now, has started a probe into 12 companies.