Mumbai: Large companies may have to compulsorily borrow a fourth of their financing requirements from the bond market and long-term investors may be encouraged to buy A-rated bonds, as part of continuing efforts by the government and regulators to limit the exposure of banks to companies and develop the corporate bond market.

India’s market regulator is weighing options to direct stock exchanges to either stop offering securities-related data feed services to entities trading on bourses abroad, such as the Singapore Stock Exchange (SGX), or levy high additional fees on the traders.

India’s market regulator is likely to tighten net worth norms, introduce new shareholding rules and ease directorship conditions for stock exchanges, depositories and clearing corporations, according to three people aware of the matter.

A five-member panel headed by R. Gandhi, a former deputy governor of the Reserve Bank of India (RBI), is considering these proposals.

Mumbai: The Securities and Exchange Board of India or Sebi’s online filing and registration system for intermediaries to usher in ease of business has had a mixed effect. The registration process on an average according to market participants has doubled or become three times as against the earlier timeline of a month.

To make REITs and InvITs more attractive, markets regulator Sebi has allowed strategic investors like registered NBFCs and international multilateral financial institutions to invest up to 25 per cent of the total offer size of such trusts.

"The strategic investor(s) shall, either jointly or severally, invest not less than 5 per cent and not more than 25 per cent of the total offer size," Securities and Exchange Board of India (Sebi) said in a circular.

The Securities and Exchange Board of India (Sebi) is looking at whether Tata Sons’ plan of becoming a private limited company from a public one would impact shareholders, especially minority shareholders of listed Tata entities that own shares in Tata Sons.

If the company were to become a private one there would be restrictions on these listed firms to sell or transfer their stake to any entity.

Market regulator Sebi has approved appointment of Vijay Kumar as Managing Director and CEO of the countrys largest agri-commodity bourse NCDEX, a top official of the exchange said.

Kumar, a former chief business officer at NCDEX, is likely to assume the office next week.

Indian Pepper and Spice Trade Association (IPSTA),one of the oldest pepper exchange in the world to trade in pepper futures, ceased to exist from January 10 th with Securities and Exchange Board of India (SEBI) granting an exit order. The regional exchange formed in 1957 decided to request for an exit order with no trading for more than one year, officials of IPSTA told FE. After the launch of national multi commodity futures exchanges, IPSTA has seen volumes dwindle and members have stayed away from trading in the past few years.

The audit profession is a divided lot when it comes to reacting to the Securities and Exchange Board of India’s (Sebi’s) order barring Price Waterhouse (PW) network firms from the audit of listed entities for a period of two years. Most chartered accountants and audit professionals were of the view that Sebi’s order was “harsh” and a financial penalty would have sufficed to send a strong message to the errant firm.

“The situation is akin to shutting down an entire hospital for one errant operation by a doctor,” said a chartered accountant at an Indian firm that is part of a foreign network.

Mumbai: The Securities and Exchange Board of India (Sebi) plans to impose a limit on the minimum market capitalization for companies to remain listed in an effort to weed out so-called penny stocks, said two people aware of the development, including an official with the regulator.

Sebi is considering a free-float market capitalization of Rs10 crore for companies to remain listed, these people said. Free-float market cap is the value of publicly traded shares.

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