To protect securities market from cyber threats, regulator Sebi has asked commodity derivatives exchanges to put in place framework to safeguard systems, networks and databases from such attacks. “The exchanges are one of the systemically important Market Infrastructure Institutions (MII) and for operational … these MIIs, need to have “robust cyber security framework in order … Read More →
The Supreme Court (SC) on Tuesday gave markets’ regulator Securities and Exchange Board of India (Sebi) a go-ahead to sell Sahara’s properties to secure the bail amount payable by Subrata Roy. Roy is liable to pay Rs 10,000 crore to get out of jail. He’s failed to do so, which has ensured he has remained … Read More →
As it tightens the noose on PACL for refunding over Rs 49,000 crore raised through illegal money pooling activities, Sebi has cautioned investors against yielding “to any pressure” from the group or its agents for converting existing schemes. Seen as one of the biggest ponzi schemes in the country, the market watchdog has set up … Read More →
In 1990s there were various instances of collection of money by numerous agro-based and plantation companies, which eventually failed to provide any return on the investments (despite promising around 18-30% returns) including the repayment of principal amount. In this context, the Government of India, vide its press release dated November 18, 1997, decided that an … Read More →
Volatile markets notwithstanding, more than 2,200 new Foreign Portfolio Investors ( FPIs) registered with regulator Sebi in the first 10 months of the ongoing fiscal. According to the latest data from Securities and Exchange Board of India (Sebi), the capital markets had witnessed 1,444 newly registered foreign portfolio investors in the entire fiscal 2014-15.
Cracking the whip for illegal transfer of shares and dividend money of companies, SEBI banned registrar and transfer agent Sharepro Services and 15 individuals from the securities market. Sharepro Services (I) Pvt Ltd has been the registrar and shares transfer agent for many top companies, including Britannia, Asian Paints, Tata Communications and Kansai Nerolac. Besides … Read More →
Investors will soon get to know how much portion of their amount is used by mutual funds to pay distributors commission. The Securities and Exchange Board of India (Sebi) has asked mutual fund houses to clearly mention the actual commission, including gifts and junkets, given to distributors against the investments of an individual in the … Read More →
The Securities and Exchange Board of India (Sebi) has asked mutual fund houses to clearly mention the actual commission, including gifts and junkets, given to distributors against the investments of an individual. In a circular sent to all fund houses on Friday, the market regulator said this information should be included in the six-monthly Consolidated … Read More →
The Securities and Exchange Board of India is mulling doing away with the requirement of a fresh KYC (Know Your Client) for opening of new accounts in securities market if the investor has got a bank account. Under the proposed move that may take a couple of months to come into effect, the market intermediaries … Read More →
Markets regulator Sebi on Friday refused to lift market ban on 21 entities in cases related to suspected tax evasion and money laundering through stock trading platforms. The entities are alleged to have misused the securities market system to artificially increase the share price of Radford Global and Moryo Industries for providing long-term capital gain … Read More →