The Securities and Exchange Board of India (Sebi) on Wednesday proposed new norms to regulate index providers, entities who design and develop benchmark indices such as the Sensex and Nifty. The index operators, which include subsidiaries of stock exchanges and independent entities such as S&P, currently do not come under Sebi’s direct regulatory purview.

The proposed norms include a code of conduct for index operators, while mandating more disclosures and greater transparency when including or excluding a stock from the indices.

Markets regulators Sebi today said it has formulated a scheme to spread awareness about commodities derivatives among farmers, manufacturers and cooperative groups. Under the scheme, eligible entities interested in conducting commodities awareness programmes can approach Sebi for recognition and these entities can impart education in the field of commodity derivatives on topics such as forward or futures contracts, hedging and risks, among others.

Mumbai: The Securities and Exchange Board of India (Sebi) has raised concerns about Multi Commodity Exchange Ltd’s (MCX) disaster recovery (DR) site being located in the same seismic zone, Mumbai, where trading on the bourse takes place, two people with direct knowledge of the matter said.

The DR site is the Gujarat International Finance Technical Tec-City (GIFT), which falls in the same seismic zone.

Markets regulator Sebi has invited bids from independent agencies, which will be responsible for delivery of valuable documents within and outside India. The agency is required to collect the consignments from Sebi office in Mumbai and carry them either by air or train or any other accepted mode of transport, whichever may be the quickest mode for the expeditious transport of the documents, to the respective destination centers, according to Sebi.

Market regulator Sebi has sought clarification from Aditya Birla Group firm Idea Cellular regarding its proposed merger with Vodafone Plc’s Indian unit. Besides, the companies approached the Competition Commission of India (CCI) last month regarding the proposed merger and are awaiting the fair trade regulator’s nod in this regard.

In March, Vodafone India and Idea Cellular announced merger of their operations to create the country’s largest mobile phone operator worth more than $23 billion with a 35 per cent market share.

Market regulator Securities and Exchange Board of India (Sebi) has initiated adjudication proceedings against credit rating agencies Crisil and CARE ratings over suspension of rating in the case of beleaguered Amtek Auto. This is the first time Sebi is taking up the matter against the credit rating agency.

Crisil, Icra and CARE are among the major agencies that assign credit ratings to issuers of debt instruments.

The fear of abolition of the long-term capital gains (LTCG) tax benefit is back on Dalal Street as another 11,000 cases of penny stock trading abuse have come to light.

The Securities and Exchange Board of India (Sebi) sent a fresh list last week of entities that had allegedly misused capital gains provisions to evade Rs 34,000 crore in taxes to the income tax (I-T) department.

Markets regulator Sebi has penalised Rushil Decor, Corporate Strategic Allianz and six others for disclosure lapses in their IPO documents. Sebi has imposed a total penalty of Rs 7 lakh on Rushil Decor and signatories of the IPO prospectus — Vipul Vora, Ghanshyam Ambalal Thakkar, Krupesh Ghanshyambhai Thakkar, Harshadbhai Navnitlal Doshi, Shankar Prasad Bhagat and Hasmukh Kanubhai Modi.

Hyderabad, May 12 (PTI): The Securities Appellate Tribunal today directed Sebi to pass a fresh order in the Satyam case with respect to the quantum of punishment given to the erstwhile company's founder B. Ramalinga Raju and four others.

While agreeing with Sebi's finding that the individuals violated regulations, the tribunal said the decision to uniformly restrain all the appellants from accessing the securities market for 14 years "without assigning any reasons is unjustified".

New Delhi, May 11 () Seeking to fast-track Sebi's approval for appointing Vikram Limaye as its new CEO, leading exchange NSE has informed the regulator that his involvement with cricket body BCCI would be over by August, sources said.

In case Limaye is required to remain associated beyond August with the BCCI, as member of the Committee of Administrators (CoA) appointed by the Supreme Court, he would approach the apex court to recuse himself from that role, the exchange has informed the regulator.

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