| Securities and Exchange Board of India ( SEBI ) Related news |
189 NSE firms fail to get women on board as Sebi deadline passes Posted on 2nd April 2015 |
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As many as 189 companies or nearly 13% of the 1,457 NSE -companies missed the March 31 deadline of appointing a single woman director on their boards, according to a compilation by Prime Database. The number stood at 245 companies as on 4:30pm on March 31. More than 50 companies including Adani Enterprises on Wednesday announced the appointment of women directors, even as many others including some state-run giants lagged behind in getting a female member on their board to comply with a new regulatory requirement. |
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SEBI proposes new fund-raising platform for start-ups Posted on 31st March 2015 |
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To help start-ups and young entrepreneurs raise funds, the Securities and Exchange Board (SEBI) of India today proposed an ‘Alternate Capital Raising Platform’, wherein such firms can raise money from institutions and HNIs from the capital markets under a relaxed regulatory regime. However, retail investors would be restricted from investing in such companies, given the risks involved therein, SEBI said, while adding that the adequate disclosures would be required to be made without hampering the capital-raising potential of such firms in new-age sectors like technology. |
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Former Sebi member Sahoo joins CCI Posted on 30th March 2015 |
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A former member of the Securities and Exchange of India (Sebi), M S Sahoo, has become a member of the Competition Commission of India (CCI). A senior official at CCI confirmed the development but declined to comment further. |
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SEBI slaps Rs 1 cr fine on Thakor in SEL Manufacturing case Posted on 26th March 2015 |
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SEBI has slapped Rs. 1 crore fine on one Sendhaji J. Thakor for failing to furnish information sought by the capital markets regulator in matters related to SEL Manufacturing. Mr. Thakor failed to give necessary information including details of trading in the scrips of SEL, whether he was allotted any share of the company in the IPO (initial public offer) and copy of demat accounts among others sought by SEBI. |
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Sebi faces Rs 500 crore service tax demand Posted on 25th March 2015 |
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India Inc has been complaining of excessive tax demand. It seems the taxman is not sparing even the regulators now. Capital markets regulator Securities and Exchange Board of India (Sebi) has been asked to furnish its fee income details earned since 2012 till date by the service tax department. The tax department had issued several notices to Sebi to share the details for assessment of service tax liability 2012 onwards. As per initial assessment by the tax department, Sebi's service tax liability will be more than Rs 500 crore. |
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Sebi to beef up IT team for probes, fighting cyber attacks Posted on 24th March 2015 |
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To strengthen its technical capabilities including for probes, Sebi is planning to beef up its team of officers by hiring IT experts to develop data mining and intelligence tools, as also to check cyber attacks. These officers will develop data analytics and business intelligence tools, and also manage internal IT security and audit systems to guard against data loss and theft. |
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Sebi clears norms for international finance centres Posted on 23rd March 2015 |
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India on Sunday moved a step closer to having a Singapore- or Dubai-like financial hub, with the Securities and Exchange Board of India (Sebi) approving a framework for international financial centres (IFCs). After its board meeting in New Delhi, the market regulator issued broad guidelines for IFCs, aimed primarily at reversing the export of India’s financial markets. And, for the first time, the Sebi board allowed listing and trading of municipal bonds, also referred to as ‘muni’ bonds, to aid the government’s smart-city initiatives. |
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Sebi preparing new policy for start-up IPOs in 3-4 months Posted on 20th March 2015 |
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Mumbai: Securities and Exchange Board of India (Sebi) chairman U.K. Sinha said on Friday the capital markets regulator expected to have a new policy for initial public offerings for start-up companies in three to four months. Reuters had reported this week Sebi was planning rule changes that will make it easier for home-grown start-ups to list their shares on local bourses, citing sources involved in the process. |
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SEBI working to make IPOs of e-comm firms like Flipkart, Snapdeal, easier Posted on 19th March 2015 |
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To tap capital markets to raise funds, a number of e-commerce companies including start-ups are lobbying hard with Sebi to seek relaxation in IPO norms, but regulator is firm on measures to safeguard investors. Sebi is of the view that the investor interest is paramount in its regulatory regime and the norms, including for detailed disclosures and strong financial positions, are necessary to ensure safety of investors' money. |
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Sebi slaps Rs 40 lakh fine on 6 cos in investor complaint case Posted on 18th March 2015 |
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Market regulator Sebi has slapped a total fine of around Rs 40 lakh on six companies for allegedly failing to obtain registration with its online complaint system as well as not resolving pending investor grievances. Besides, Securities and Exchange Board of India (Sebi) disposed of cases against seven firms in investor complaint cases. |
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