To safeguard investors’ interest, Sebi today asked credit rating agencies to give a 30-day notice before withdrawal of ratings in case of open-ended mutual funds, even as it relaxed various disclosure norms for the CRAs. The decision has been taken in consultation with (credit rating agencies (CRAs) and representations received from the industry. Sebi said withdrawal of rating of is permitted in case of open ended mutual fund scheme, being perpetual in nature and having no specified maturity. Besides, such facilities are allowed in bank loans.

More than 3,100 fresh foreign portfolio investors (FPIs) registered with capital markets regulator Sebi in the April-February period of the current fiscal, indicating that India remains an attractive destination.In comparison, about 2,900 FPIs had received approval from the Securities and Exchange Board of India (SEBI) in the entire last financial year (2015-16). The number of FPIs with Sebi’s approval rose to 7,428 at the end of February from 4,31 at the end of March 31. The number of FPIs with Sebi’s approval rose to 7,428 at the end of February from 4,31 at the end of March 31, 2016, reflecting an addition of 3,117 such investors, according to the latest data from SEBI.

Mumbai: The Securities and Exchange Board of India (Sebi) is drafting rules to monitor share transfer agents and registrars and improve their functioning, two people with direct knowledge of the matter said.

This comes a year after Sharepro Services (India) Pvt. Ltd, a share transfer agent, was found to have defrauded at least 10 companies including Britannia Industries Ltd, Asian Paints Ltd, Aptech Ltd, Tata Communications Ltd and Kansai Nerolac Ltd of Rs21.7 crore. Some of the companies also filed police petitions against Sharepro, and Sebi imposed an interim ban on the company.

Market regulator SEBI accused Reliance Industries on Friday of having committed a "fraud" in taking a short trading position at the time of selling a stake in a subsidiary in 2007, ordering it to surrender 4.5 billion rupees ($69 million) plus interest in "unlawful gains".

Reliance, the $64 billion conglomerate controlled by India's richest man, Mukesh Ambani, rejected the ruling by the Securities and Exchange Board of India and said it would appeal to the Securities Appellate Tribunal.

The Securities and Exchange Board of India (Sebi) on Friday directed Mukesh Ambani’s Reliance Industries Ltd (RIL) to disgorge Rs 447.27 crore, made “unlawfully” by dealing in shares of its erstwhile subsidiary, Reliance Petroleum (RPL).

The markets regulator also barred RIL from the futures and options (F&O) segment for a year and asked it to settle all existing open positions. It will also have to pay 12 per cent interest on the disgorgement amount since November 29, 2007.

Agriculture-commodities bourse NCDEX today said it has sought regulator SEBI’s nod to relaunch futures trading in pulses, especially chana, tur and urad. Tur (pigeon peas) and urad (black gram) were banned in 2007, while chana (gram) was suspended last year after prices soared, leading to a rise in inflation. “Farmers are seriously asking for pulses futures as (wholesale) prices have crashed below the MSP in some parts.

State-run Hudco has received capital markets regulator Sebi’s approval to raise funds through an initial share sale as part of the government’s disinvestment drive. Hudco had filed draft papers with the Securities and Exchange Boardof India (Sebi) in January and got the markets watchdog’s “observation” on March 10, which is necessary for any company to launch public offer. The initial public offer will comprise sale of 200,190,000 equity shares –10 per cent stake — by the central government through an offer for sale (OFS) route, as per the Draft Red Herring Prospectus (DRHP).

The Securities and Exchange Board of India (Sebi) will look at introducing institutional players in the commodity markets in a gradual manner. "All institutions cannot come in at the same time," said Ajay Tyagi, chairman, Sebi at the international convention organised by Commodities market brokers.

This is the first public event addressed by the regulator since taking over on March 1. While institutions such as banks, alternative investment funds, which bring a more research approach to the market, will help the development of the market, "It has to be done gradually," he added.

Sebi on Friday streamlined regulatory framework for 'scheme of arrangement' such as merger and acquisitions by listed firms to check any possible 'bypassing' of norms and prevent companies from seeking direct approval of National Company Law Tribunal (NCLT) for such deals.

The decision has been taken in consultation with the stock exchanges and market participants.

Mumbai, March 1: Ajay Tyagi today began his innings as chairman of the Securities and Exchange Board of India (Sebi) amid a clutch of challenges, ranging from developing the commodity markets to ensuring better corporate governance and handling alleged violations in access of servers at the National Stock Exchange (NSE).

Tyagi is the ninth chairman of Sebi and takes over charge from U.K. Sinha, who demited office after a six-year tenure.

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