Market regulator SEBI has disposed of adjudication proceedings against Bollywood actress Shilpa Shetty Kundra and her businessman husband Raj Kundra in a case related to alleged disclosure lapses.
Markets regulator SEBI slapped monetary penalty on Viaan Industries Ltd, Shilpa Shetty Kundra and Ripu Sudan Kundra, who is also known as Raj Kundra, for disclosure lapses and consequent violation of insider trading norms.
Sebi has kept proposed initial share-sale of Aditya Birla Sun Life AMC in abeyance.
On June 18, Securities and Exchange Board of India (Sebi) had written a letter to the company asking it to ensure compliance before going ahead with the proposal.
The company received a letter from the capital market regulator on June 18 calling it to comply with the legal provisions in the matter.
Sebi has given more time for implementation of guidelines pertaining to SMS alerts under the UPI system for shares applied and allotted during an IPO.
Sebi has imposed a fine of Rs 25 crore on Yes Bank for mis-selling AT-1 bonds in the secondary market few years ago.
AT-1 bonds are considered perpetual in nature, similar to equity shares as per the Basel III guidelines. They form part of the tier-I capital of banks.
Recently, the CBI had quizzed several people connected with the Saradha chit fund scam as the state of West Bengal prepares for an eight-phased staggered Assembly election starting March 27.
Paytm Payments Bank (PPBL) has also entered into a partnership with Paytm Money to enable payment mandates for IPO applications. Paytm Money has the aim to bring 10 million Indians to equity markets by the financial year 2022.
Amazon had written several letters to the SEBI and other regulatory agencies to suspend their review of the deal and not grant it a no objection certification on ground that its challenge to the agreement was before the Delhi High Court.
Markets regulator Sebi has ordered attachment of bank accounts as well as share and mutual fund holdings of Rainbow Industries and Constructions and its two directors to recover over Rs 11 crore.
Fund managers and dealers of AMCs will now be more accountable as market regulator Securities and Exchange Board of India (Sebi) has introduced a code of conduct.
"Upon consideration of the same, the competent authority has approved the extension of the period of the scheme till December 31, 2020," it added. As per the notice issued by Sebi in July, entities who do not avail the one-time settlement opportunity will be liable for action after the expiry of the scheme.
Early finalisation of the direct listing scheme, development of the corporate bond market, reforms in IPO norms and digitization of processes among other issues were discussed between Sebi and investors from the US.
Markets regulator Sebi is set to conduct examinations for the recruitment of 147 senior officers in January and February next year. In a notice, the Securities and Exchange Board of India (Sebi) stated that phase I and phase II online examinations will be held on January 17 and February 27, 2021 respectively.
The National Stock of Exchange (NSE) India Ltd may get the approval of the Securities and Exchange Board of India (SEBI) for the Initial public offering (IPO), according to reports.
Sebi observed that State Bank of India (SBI), Life Insurance Corporation of India (LIC) and Bank of Baroda (BoB) are the sponsors of SBI Mutual Fund, LIC Mutual Fund and Baroda Mutual Fund, respectively, and they also hold more than 10 per cent stake each in these mutual funds.
Sebi has barred Money Increase, Venture Revenue and two individuals from the capital markets for providing unauthorised investment tips and falsely promising assured returns to investors.
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