With ICICI Bank embroiled in a controversy over alleged conflict of interest involving its CEO Chanda Kochhar, market regulator Sebi has begun looking into the matter for any possible disclosure and corporate governance-related lapses.

Besides, Videocon Industries and its promoters have come under the regulator's scanner as the matter relates to alleged "quid pro quo" involving loans to the company by a group of lenders, including ICICI Bank and some public sector banks.

The Securities and Exchange Board of India (Sebi) on Wednesday tightened the derivative markets framework to curb the excessive speculation and prevent small investors from entering the high-risk space. The market regulator, at its board meeting held on Wednesday, also accepted majority of the recommendations made by the Uday Kotak Committee on corporate governance but deferred decision on key proposals such as one on sharing of information with promoters.

In its last board meeting for the FY-18, capital markets regulator SEBI (Securities and Exchange Board of India) accepted 40 out of 80 recommendations of Kotak Panel pertaining to a host of issues, including ways to strengthen algo trading, amendments to rules on angel funds, rationalization of expense ratio in mutual funds, buybacks, and takeovers. Notably, the regulator has accepted 40 out of 80 Kotak panel recommendations without any modifications, and 15 panel recommendations with some changes.

NEW DELHI: Markets regulator Sebi will discuss a slew of measures at its board meeting tomorrow for strengthening the algo trading framework, amending norms for companies undergoing bankruptcy proceedings and increasing regulatory oversight on auditors.

A number of other important matters will also be discussed, such as amendments to rules on angel funds, mutual funds, buyback of shares, takeovers, registrars and bankers to issues as well as suspension and revocation of trading, senior officials said.

The Securities and Exchange Board of India (Sebi) has ended insider trading proceedings against Kokila Dhirubhai Ambani, promoter in three companies of the Anil Ambani-led Reliance Group.

Sebi in 2014 had alleged inadequate disclosure by Kokila Ambani relating to holding of shares in some companies, including Reliance Capital, Reliance Communications and Reliance Power.

The Securities and Exchange Board of India (Sebi) may impose trading restrictions on shares of companies that are undergoing insolvency proceedings. The move, which is also a demand by industry players, is aimed at reducing volatility in stock prices and curbing manipulation or misuse of price-sensitive information.

Sources said the market regulator would lay down a compliance framework for listed companies undergoing insolvency resolution. The announcement will likely be made at Sebi’s board meeting next week.

Markets regulator Sebi today exempted the central government from making an open offer for the shareholders of Punjab National Bank, Canara Bank and four other state-owned lenders following capital infusion.

The exemption has been given with regard to Syndicate Bank, Vijaya Bank, Bank of Baroda and Union Bank of India also.

The market regulator is weighing tighter oversight to check leakage of privileged company information in the wake of unpublished financial results finding their way into WhatsApp groups, two people aware of the development said.

Mumbai: In an effort to discourage the common public from investing in potentially shell companies in the listed space, the Securities and Exchange Board of India (Sebi) wants exchanges to charge higher transaction fees for trading in stocks of firms that are illiquid (thinly-traded) or not held by too many shareholders.

Two persons, including a regulatory official confirmed this.

Markets regulator Securities and Exchange Board of India (SEBI) is considering a proposal to disincentivise algorithmic trading by traders with a ‘congestion charge’ for high volumes along with other restrictions.

The proposal which was made at a recent meeting of an expert panel is aimed at addressing concerns that high-frequency or algo traders have unfair access to the trading system of exchange.

Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.