The central government has decided to frame a rule that would mandate regulators and other autonomous bodies to transfer surplus funds to the exchequer, said two government sources privy to the development. The new guideline is expected to come in a month.

The move would make the Securities and Exchange Board of India (Sebi) and a dozen other regulators, such as the Insurance Regulatory and Development Authority of India (Irdai) and the Pension Fund Regulatory and Development Authority (PFRDA), to shell out a significant portion of their reserves into the Consolidated Fund of India.

In a clarification to reports that Raymond had received a show cause notice from the Securities and Exchange Board of India (Sebi) for alleged security market violations, the company on Tuesday told the stock exchanges that the notice was related to matters, which are “procedural and technical in nature”. The company is working with the legal advisors to resolve the issues, it added.

Shares of Larsen & Toubro Ltd opened over 3% lower on Monday after market regulator Securities Exchange Board of India denied the company permission for its first ever share buyback plan. However, the scrip pared all the losses and was trading 0.4% higher.

The stock had opened at ₹1,275 a share, or 3.3% lower than its Friday close. At 9.56 am, L&T was trading at ₹1,324 on the BSE, up 0.44% from its previous close. The Sensex rose 0.7% to 36,652.26 points.

The Securities and Exchange Board of India (Sebi), in a circular on Wednesday, said that mutual funds (MFs) may write call options under a covered call strategy.

Covered calls are a strategy in which an investor holds a long position in an asset and sells call options on that same asset to generate an income. A call option is a contract where the holder has the right, but not the obligation to buy the underlying asset.

Byculla, a south Mumbai neighbourhood, is known for its crowded and narrow lanes filled with honking cars fighting for space, its rows and rows of vegetable sellers, delicious streetside non-vegetarian food and its non-descript, medium-sized residential and commercial buildings.

One morning in July 2003, a group of four or five men struggled their way through the Byculla chaos to reach an old, worn-out, shabbily painted, medium-sized building.

The Securities and Exchange Board of India (Sebi) is working on improving its analytical capabilities.

The move is to aid surveillance and other functions, according to Chairman Ajay Tyagi.

Markets regulator Sebi has ordered attachment of bank and demat accounts, along with mutual fund folios, of Lokmangal Agro Industries and its directors to recover dues of around Rs 75 crore. The move comes after the regulator in May 2018 had directed the firm and its seven directors to refund the amount of Rs 74.82 crore which they had illegally raised from the investors, along with an interest of 15 per cent per annum.

Mumbai: Every leader brings in a unique management style that is a mix of his personality and work experience. Ajay Tyagi, the current chairman of the Securities and Exchange Board of India (Sebi), also seems to have drawn from his experiences as a bureaucrat in Delhi’s corridors of power. In his 21 months at the helm of the powerful markets regulator, Tyagi has set a unique record, constituting 15 committees, including working groups, and introducing a whopping 34 consultation papers.

Regulator Sebi is planning to beef up its market surveillance system as well as its tool for speedy analysis of trade data, which identifies possible violations such as insider trading, share price manipulation and front running.

In this regard, Securities and Exchange Board of India (Sebi) has invited applications from the interested companies to provide IT services for the maintenance of its integrated market surveillance system (IMSS), data warehousing and business intelligence system (DWIBS).

The new norms regarding offer for sale (OFS) of shares has come into effect. Markets regulator Securities and Exchange Board of India (SEBI) on Friday issued a detailed circular regarding new OFS norms.

Under the new framework, companies with market capitalisation of more than Rs 10 billion can use the OFS mechanism to offload shares.

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