The finance ministry has invited applications to appoint the next chairman of the Securities and Exchange Board of India (Sebi) to succeed Ajay Tyagi, whose five-year term comes to an end in February. Tyagi, a 1984 batch IAS officer of Himachal Pradesh cadre, was appointed as Sebi chairman on March 1, 2017, for a period … Read more
As per Mr Poonawalla, he was shocked when he first heard the news about SEBI barring Bhutada and seven others from the securities market for alleged insider trading of the shares of the Company (Poonawalla Fincorp earlier knows as Magma Fincorp). Following that, Bhutada stepped down from the post of MD on September 16, 2021, … Read more
Sebi has shortlisted five companies, including Tata Consultancy Services () and , for the implementation of the data analytics projects for tracking possible market manipulations like insider trading and front running. , Larsen & Toubro Infotech and NEC Corporation India too have been shortlisted. These five companies “have been shortlisted for further process”, the Securities … Read more
With the definition of a promoter undergoing a change as a large number of private equity and venture fund-led companies are getting listed on the bourses, Sebi has decided to do away with this traditional concept. The Sebi board on Friday gave its nod to start the process of changing the concept of ‘promoters’ to … Read more
Markets regulator Sebi and the Directorate of Revenue Intelligence (DRI) are probing some Adani Group companies for alleged non-compliance with rules, the government told Lok Sabha on Monday. Minister of State for Finance Pankaj Chaudhary in a written reply to a question said accounts of three of the six Mauritius-based funds, that have invested most … Read more
Regulator SEBI on Wednesday sought comments on the proposal to introduce the concept of ‘accredited investors’ in the Indian securities market. The comments can be sent to the regulator in a prescribed format latest by March 18, it said in a consultation paper. SEBI noted that accredited investors, also called qualified investors or professional investors, … Read more
Markets regulator Sebi (Securities and Exchange Board of India) on Friday tweaked asset allocation framework for multicap mutual funds, asking such funds to have a minimum corpus of 75 per cent invested in equities as against the present mandate of 65 per cent. Further, such funds will have to make a minimum investment of 25 … Read more