Alternative investment funds cannot convert their existing open-ended schemes to closed-ended and vice-versa, markets regulator Sebi said on Friday.

The clarifications have been given as part of an informal guidance sought by Singular India Opportunities Trust (SIOT), which is managed by Singular Capital India Advisors LLP, regarding certain aspects of AIF regulation.

In the high-profile case involving the alleged misuse of algo-trading and co-location facility by some brokers, Sebi is believed to have found serious lapses on the part of NSE and several others including former and existing seniors executives, a preliminary probe suggests.

Vishvapradhan Commercial Pvt Ltd (VCPL) has decided to appeal against the Securities and Exchange Board of India's (Sebi's) order issued last Tuesday directing the company to make an open offer within 45 days to acquire shares of NDTV Ltd.

The reason for the Sebi order was that VCPL has indirectly acquired control of over 52 per cent of the media company without making an open offer.

The Securities and Exchange Board of India (Sebi) has issued a directive to ICICI Prudential Mutual Fund (MF) for allegedly violating the MF code of conduct by making a large investment in the initial public offering (IPO) of its group firm ICICI Securities. The investment allowed the IPO to meet a minimum subscription requirement, without which it would have failed.

As many as 1,313 “listed” entities that have failed to file their annual reports for two years face the prospect of being struck off the registrar of companies’ (RoC) database. The move is a continuation of the ministry of corporate affairs’ (MCA) efforts to weed out shell companies.

A senior ministry official observed that while the companies were categorised as “listed”, in reality most of them were not. Consequently, their status will be altered from “listed” to “unlisted” before they are struck off.

Mumbai: The findings of an investigation into Fortis Healthcare Ltd have exposed former promoters Malvinder Singh and Shivinder Singh to further legal trouble with Sebi initiating a forensic audit and the Serious Fraud Investigation Office (SFIO) suspecting fraud, two people with direct knowledge of the matter said.

A Securities and Exchange Board (Sebi) order saying the 10-year loan advanced in 2009 by Vishvapradhan Commercial private (VCPL) to NDTV’s promoters was ‘not a normal investment transaction’ and that the primary purpose of the loan was to acquire the shares of NDTV, sent the television broadcasters stock soaring on Wednesday.

The Securities and Exchange Board of India (Sebi) on Tuesday passed an order asking Vishvapradhan Commercial Pvt Ltd (VCPL) to make an open offer in New Delhi Television Ltd (NDTV).

The Securities and Exchange Board of India (Sebi) on Tuesday passed an order asking Vishvapradhan Commercial Pvt Ltd (VCPL) to make an open offer in New Delhi Television Ltd (NDTV).

The Securities Appellate Tribunal (SAT) has directed the Securities and Exchange Board of India (Sebi) to conduct a fresh probe into the acquisition of Network18 Media & Investments by Reliance Industries Ltd (RIL) through its subsidiary Independent Media Trust (IMT).

In a 19-page order released on Friday, the tribunal pulled up Sebi for not following the instructions it gave on this in an order dated April 13, 2016.

The Securities and Exchange Board of India (Sebi) has made major changes in rules governing fund-raising, to provide flexibility to issuers and to boost capital formation.

The regulator tweaked norms governing stock exchanges, clearing corporations and depositories —known as market infrastructure institutions (MIIs) — capping the tenure of top officials and bringing in more accountability to the board structure.

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