Sebi rule a hurdle in retail participation
Posted on 2nd September 2014 |
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The Securities and Exchange Board of India (Sebi)’s move to safeguard small investors in initial public offerings (IPOs) of non-profitable companies is proving a hurdle to greater retail participation. For public issues of companies that didn’t have a three-year ‘profitability’ track record, a change in norms by Sebi in 2012 had lowered the retail investor quota from 35 per cent to 10 per cent of the issue size. |
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Sebi allows govt room to lure retail investors
Posted on 1st September 2014 |
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NEW DELHI: The Securities & Exchange Board of India has decided against giving any immediate relief to the government to boost share sales through follow-on public offers (FPOs), even as it has provided some flexibility in offer-for-sale (OFS) on stock exchanges to boost retail investor participation in the disinvestment programme. |
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SEBI to clamp down on illicit schemes; not wary of litigations: U K Sinha
Posted on 30th August 2014 |
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Sending a strong signal to those dressing up their illicit money-pooling schemes as 'credit cooperative societies' or other permissible activities, market regulator Sebi has said it is very serious in bringing them to book and is not wary of 'intensive litigations'. Determined to clamp down on ponzi and other such schemes with enhanced powers, Sebi Chairman U K Sinha said that the regulator has come across entities which try to evade its jurisdiction by claiming to be running legal businesses such as credit cooperatives, chit funds and even NBFCs. |
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Sebi tweaks Settlement Guarantee Fund norms
Posted on 28th August 2014 |
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In a revamp of risk management in the stock market, the Securities and Exchange Board of India (Sebi) has mandated creation of a ‘core’ amount within the existing Settlement Guarantee Fund (SGF) and stress testing to detect risks. An SGF, set up through levies on brokers, is used in the event of a default to meet settlement obligations. |
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Sebi seeks fresh clarification on Lavasa's Rs 750-crore IPO
Posted on 26th August 2014 |
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Market regulator Securities and Exchange Board of India (Sebi) has sought fresh clarifications on the proposed Rs 750-crore initial public offer (IPO) of Lavasa Corporation, the realty arm of construction major Hindustan Construction Company (HCC). Without disclosing details of clarifications sought, Sebi has said "clarifications (are) awaited from lead manager" for the proposed public issue. |
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Sebi sets Sept 30 deadline to apply for Sahara refund
Posted on 25th August 2014 |
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The Securities and Exchange Board of India (Sebi) has asked investors in Sahara's collective investment scheme to apply for their refunds by September 30. A half-page newspaper advertisement said claims after the deadline would not be entertained. |
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Refund Rs 49,000 cr to investors: Sebi to PACL
Posted on 23rd August 2014 |
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Saying PACL Ltd ran a collective investment scheme, mobilising about Rs 50,000 crore, the Securities and Exchange Board of India (Sebi) has asked the company to refund investors and wind up operations. This is the biggest crackdown on a large-scale illicit money-pooling scheme. At Rs 49,100 crore, the amount concerned is twice that collected by the Sahara group, which is said to have mobilised Rs 24,000 crore. |
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Sebi may not relax new corporate governance norms
Posted on 21st August 2014 |
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Mumbai: The Securities and Exchange Board of India (Sebi) is unlikely to relax the newly framed corporate governance norms which come into effect from 1 October, even though listed companies have sought concessions on related-party transactions and the appointment of women directors, according to two people familiar with the matter. Corporate governance norms for listed firms come under listing agreement norms of Sebi. |
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Ministry asks Sebi to explain stricter governance norms
Posted on 20th August 2014 |
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The Securities and Exchange Board of India (Sebi) and the Union finance ministry are having discussion over the stricter corporate governance code prescribed by the former for listed companies. The talks are on whether there is a need to have a different corporate governance code for listed companies than what is prescribed in the new Companies Act, said sources. |
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Govt asks Sebi to relax FPO norms
Posted on 18th August 2014 |
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The government has asked market regulator Securities and Exchange Board of India (Sebi) to allow relaxations in rules for follow-on public offerings (FPOs), two people with knowledge of the development have said. For the 2014-15 disinvestment programme, the Centre intends to give more weight to the FPO route than the offer-for-sale (OFS) route, to ensure better participation from retail investors. |
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