Quitas Holdings, which has got a license for small finance bank, is expected to hit the capital markets in the first half of April to raise an estimated Rs 2,000 crore through an initial public offering (IPO). This could be the first small finance bank license holder to list on stock exchanges. Another microfinance lender … Read More →
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 →
A Collective Investment Scheme (CIS), as its name suggests, is an investment scheme wherein several individuals come together to pool their money for investing in a particular asset(s) and for sharing the returns arising from that investment as per the agreement reached between them prior to pooling in the money. The term has broader connotations … 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 →
Markets regulator Sebi today allowed foreign portfolio investors to invest in newly launched products — REITs, InvITs and AIFs — and also permitted them to acquire corporate bonds under default. All the investments by Foreign Portfolio Investors (FPIs) in such bonds should be within the overall limit of Rs 244,323 crore for foreign investment in … Read More →
For the last few years, the Securities Exchange Board of India (Sebi) has been coming down hard on companies running collective investment schemes (CIS). These schemes, much in the news since the Saradha scam, are those in which people invest to create a pool of money which is then utilised to realise some income for … Read More →
To help investors get a clearer picture on their returns, markets regulator Sebi plans to encourage listed companies to put in place their own dividend distribution policies. The proposal forms part of Sebi’s Plan of Action for the next fiscal, beginning next month, which was approved by the regulator’s board this weekend. The capital market … Read More →