Cracking the whip on fraudulent activities, Sebi on Tuesday barred stock broker Unickon Securities and 18 other entities from the capital market for 10 years. Unickon Securities has been restrained for alleged fraudulent transfer of clients’ securities to group entities of Unickon Financial Intermediaries and other violations of capital market regulations. In its 69-page order, … Read More →
NEW DELHI: In a major clean-up exercise, markets regulator SEBI today said it will encourage delisting of suspended companies. At its board meeting today, the SEBI board discussed the plan for action for 2016-17, including steps to encourage delisting of suspended companies. Top exchange BSE last year proposed delisting of more than 1,000 companies from … Read More →
Guidelines for Licensing: 1. Registration, licensing and regulations The small finance bank shall be registered as a public limited company under the Companies Act, 2013. It will be licensed under Section 22 of the Banking Regulation Act, 1949 and governed by the provisions of the Banking Regulation Act, 1949; Reserve Bank of India Act, 1934; … Read More →
SEBI has passed perhaps the first adverse order on commodity trading after having acquired jurisdiction over this field from FMC. This order coincidentally comes almost exactly one year after this jurisdiction was proposed for it in Finance Bill 2015. The order is also curious as it specifically passes wider/dual bans debarring parties not only from … Read More →