Capital market regulator Securities and Exchange of India (Sebi) has 'deferred' implementation of the loan default disclosure framework.

Last year, Sebi had issued a circular mandating listed companies to disclose within 24 hours any bank loan default. The circular, however, was withdrawn a day before implementation due to regulatory complications.

Soon after ordering Axis Bank and HDFC Bank to launch a probe into the recent leak of price-sensitive financial information on WhatsApp, capital market regulator Securities and Exchange Board of India (SEBI) has directed Tata Motors to investigate the results leak in a order issued on Tuesday. Prescient price-sensitive information including earnings results of a few listed companies was found floating over WhatsApp messages just ahead of company’s earnings results for December quarter last year.

New Delhi: The National Stock Exchange (NSE) plans to ease listing norms for so-called new-age companies, in an effort to revive its dedicated start-up listing platform, which has struggled to generate interest.

NSE is in discussions with markets regulator Securities and Exchange Board of India (Sebi) to tweak some of the conditions for listing through the platform to make it more attractive to start-ups and investors, Vikram Limaye, NSE managing director and chief executive, said in an interview.

The Securities and Exchange Board of India (Sebi) is likely to accept information technology major Infosys’ consent plea to settle charges of disclosure lapses pertaining to the severance package paid to former chief financial officer (CFO) Rajiv Bansal.

According to sources, the matter involves “minor disclosure lapses”, which, according to Sebi rules, could attract a penalty of a mere Rs 800,000.

The Securities and Exchange Board of India (Sebi) on Friday directed HDFC Bank to probe the alleged leak of its June 2017 quarterly earnings on WhatsApp.

The order comes two months after the market regulator passed a similar advisory for Axis Bank. Both cases involved the leak of price-sensitive information over social media groups.

The Securities and Exchange Board of India (Sebi) is planning checks and balances on overseas investors taking the ‘private bank route’ to invest in domestic markets.

The move comes after several industry players expressed concerns that the new route allowed by the Sebi could be misused by investors, such as participatory notes (p-notes).

The Securities and Exchange Board of India (Sebi) plans to tighten present Alternative Investment Funds (AIF) regulations to better monitor the source of funding and their end use.

According to sources, Sebi may check the anti-money laundering policies implemented by AIFs and examine the sanctity of any back-end arrangements an AIF may have with its investors, whereby money raised in AIFs is invested back in entities owned by the investors.

The Securities and Exchange Board of India (Sebi) has opened up the Indian capital markets to clients of global private banks, which can invest in stocks without having to go through registration or compliance requirements.

Until now, foreign banks were allowed to do propriety trades only. However, now they have been allowed to invest in domestic securities on behalf of their clients.

By his own admission, Managing Director of the PNB Sunil Mehta on Thursday revealed that they detected the Rs 11,400-crore Nirav Modi fraud in the third week of January and reported the matter to the CBI on January 29. But shockingly, the bank’s management neither informed the shareholders about the scam in the PNB Board meeting on February 6 nor did it report the matter to the Security and Exchange Board of India (SEBI) for another two weeks.

The Securities and Exchange Board of India (Sebi) is readying a framework for issuance of participatory notes (p-notes) from the international financial services centres (IFSCs) such as GIFT City. P-notes are derivative instruments that allow overseas investors to invest in a domestic security without having to directly register with Sebi. The market regulator is in talks with foreign portfolio investors (FPIs), which act as issuers of P-notes, according to sources.

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