On Wednesday, market regulator SEBI (Securities and Exchange Board of India) revised the liquidity enhancement scheme (LES) framework that stock exchanges use to boost volumes. So, under this new rule, stock exchanges will have to get prior approval from their governing board before launching a scheme. SEBI said in a circular that this modification was …
Capital markets regulator SEBI is considering a proposal to allow foreign portfolio investors or FPIs to trade commodity futures that have been listed on the exchanges. The regulator met top commodity trading firms with an international standing and FPIs in other markets and bourses to seek opinions on the subject. Foreign companies are not allowed …
An Overview India will take six months to establish guidelines permitting companies to list on foreign exchanges, taking longer than some had anticipated as the finance ministry works out tax difficulties as per reports. The delay is expected to dampen the aspirations of investors as well as many Indian entrepreneurs, who pushed Prime Minister Narendra …
An Overview SEBI seeks all private equity (PE) and venture capital (VC) funds to issue cash flows in order to attain investment banks, a proposal which the fund houses are avoiding. Regulators require the core in the fund’s “Private Placement Memorandum” to be validated by a third-party intermediary which follows capital market standards. The PPM …
In a move that is aimed at boosting new-age startups and ironing out compliance issues, market watchdog SEBI has signalled a shift from the idea of promoters in listed firms to the controlling shareholders or person in control. The market regulator has also brought in a slew of measures to make it more business-friendly. During …
On 22 September 2021, defence electronics manufacturers Electronics Mart and Data Patterns filed their initial draft paper with the market regulator SEBI. Following is a look at the available information about these upcoming IPOs. A Quick Look at Data Patterns IPO Details This defence electronics player is aiming to fundraise a maximum of Rs. 700 …
Capital markets regulator SEBI has on Wednesday directed depositories to use blockchain technology to ensure that record keeping of securities is safe and monitored. The distributed ledger technology (DLT), on which blockchain is based, would be used to record and track the credit ratings of NCDs or non-convertible debentures, according to SEBI. The technology would …
Capital markets regulator SEBI is reportedly deliberating on the issue of transitioning from the long-held promoter concept to controlling shareholder idea. Reports say that SEBI plans to deliberate with the RBI, the Ministry of Corporate Affairs, and insurance regulatory and development authority IRDAI so as to come up with a framework on the issue. Thus …
An Overview The Securities and Exchange Board of India (SEBI), the market regulator, has restricted 85 organisations from participating in the capital market for up to a year due to stock manipulation. A banned entity, whose shares were manipulated, and its five directors are among the prohibited entities. For the next year, they are not …
A Brief Overview Presently, those involved in independent directorial roles are required to make an investment amounting to one percent of what the amount raised via a New Fund Offer (or NFO) would be, or invest an amount of INR 50 Lakhs. The independent director is required to pay whichever of the two amounts falls …
