Latest Updates Around The World
The Delhi High Court on Monday dismissed a petition challenging the no-objection certificate issued by capital markets regulator Sebi for the proposed IPO of the National Stock Exchange. This removes a legal hurdle in the exchange’s long-delayed listing plans.Justice Jasmeet Singh dismissed the plea filed by former judicial officer KC Aggarwal, noting that the petition […]
New Delhi, Sebi on Thursday barred 15 persons from the securities markets for three years and imposed a total fine of Rs 3.6 crore for manipulating shares of Unison Metals through misleading stock recommendations circulated on telegram channels. Moreover, the regulator directed ten persons to spend illegal profits of over Rs 3.87 crore, to be […]
The Securities and Exchange Board of India (Sebi) has proposed to change the ‘fit and proper person’ criteria for market intermediaries, including stock brokers, in a bid to reduce compliance burden on entities facing legal proceedings.The regulator has proposed to do away with automatic disqualification of persons holding key positions while filing an FIR (first […]
The Securities and Exchange Board of India (SEBI) on Friday said it has done away with the requirement of issuing a confirmation letter for crediting securities and will allow direct crediting of securities to investors’ demat accounts.In a circular issued on January 30, Sebi said the move is aimed at simplifying and streamlining the credit […]
Capital market regulator Sebi has revoked the registration of a licensed research analyst after an investigation found serious deficiencies that allowed his credentials to be misused by an unregistered consultancy firm, exposing investors to losses and misleading claims of guaranteed returns.In an order dated December 12, Sebi canceled the registration certificate of Purooskhan, a Sebi-registered […]
Markets regulator Sebi wants to form a working group to identify the next technological frontier for stock exchanges, chairman Tuhin Kanta Pandey said on Saturday. The group will focus on how exchange technology should evolve over the next five to ten years, benchmarking best practices globally and developing new methods to strengthen market infrastructure. “We […]
Markets regulator Sebi has rolled out a new framework to make it easier for Alternative Investment Funds (AIFs) to create a special class of schemes meant only for accredited investors and by giving more relaxations to Large Value Funds (LVFs). The latest rules take effect immediately.Under the new rules, AIFs can launch ‘AI-only’ schemes that […]
The India Bullion and Jewelers Association (IBJA) on Tuesday announced the formation of a self-regulatory division for the digital gold industry after Sebi warned investors that digital gold products are regulated neither as securities nor as commodity derivatives and that such products fall outside its jurisdiction and do not benefit from investor protection mechanisms available […]
Markets regulator Sebi has introduced a threshold-based framework to determine the materiality of related party transactions (RPTs), based on the annual consolidated turnover of the listed entity.The regulator also revised the thresholds for audit committee approval for RPTs conducted by subsidiaries and simplified disclosure requirements for smaller related party transactions. These new standards aim to […]
Markets regulator Sebi on Wednesday asked investors to be cautious and avoid transactions on unregistered online bond platforms. He said they do not monitor regulations or provide investor protection mechanisms.In its statement, the regulator asked investors to verify the registration status of the Online Bond Platform Providers (OBPPs) before transacting and deal only with Sebi […]
