The Securities and Exchange Board of India (Sebi) has imposed a penalty of Rs 10 lakh on Franklin Templeton Mutual Fund for forming an 'informal group' as investment committee.

The regulator has said the panel breached the MF regulations. It did an inspection during July to October 2015 and decided the committee breached a Sebi circular of 2002. Further, the committee had included an international chief investment officer (CIO), based outside India, which didn't meet with the requirements under 1996 regulations.

Markets regulator Securities and Exchange Board of India (Sebi) on Monday issued a new framework for functioning of stock exchanges and clearing corporations that are setting up their operations in international financial services centres (IFSCs).

The Securities and Exchange Board of India (Sebi) said all categories of exchange-traded products currently available for trading in stock exchanges will be eligible for trading in bourses operating in IFSCs. However, this is subject to prior approval of the market watchdog.

Seeking to give a fillip to start-up funding, markets regulator Sebi on Wednesday relaxed its rules for investment by angel funds in this space, including by allowing them to invest in up to five-year old entities.

Besides, the lock-in requirement has been reduced from three years to one year for angel funds and their minimum investment threshold has been slashed from Rs 50 lakh to Rs 25 lakh.

NEW DELHI: With an aim to deepen capital markets, regulator Sebi may consider allowing FPIs to invest in unlisted non-convertible debentures and securitised debt instruments in its board meeting tomorrow.

In a slew of proposed reform measures, the regulator also plans to tighten corporate governance rules on profit-sharing agreements between promoters and private equity funds as part of its efforts to safeguard minority shareholders in markets.

Moving ahead with sale of Sahara assets to recover money, regulator Sebi today lined up as many as five land parcels of the beleaguered group for an e-auction next month at a total reserve price of over Rs 130 crore.

Earlier, 13 properties were put on the block in October and their combined reserve price was about Rs 1,400 crore.

New Delhi, Nov. 14 (PTI): The market regulator has stepped up scrutiny on developments in the escalating Tata-Mistry feud, keeping a close vigil on all disclosures being made as also the finer details of the board meetings of the listed companies of the Tata group.

The watchdog is seeking to prevent a violation of corporate governance norms and protect investors' interest, for which it has also received communications from various stakeholders, including foreign institutional investors.

Market regulator Securities and Exchange Board of India (Sebi) has directed stock exchanges to look into the disclosures made by listed Tata group companies, particularly Tata Motors and Tata Steel to ensure compliance with the listing regulations.

The move comes following Cyrus Mistry's allegations about losses incurred by the Tata group due to various projects like Nano car, European steel business and Mundra power project.

MUMBAI: The Securities and Exchange Board of India (Sebi) is doing a preliminary examination of the arrangement between Tata Sons and group companies to understand whether it is in consonance with current insider-trading regulations.

Sebi is also examining whether price-sensitive information was disclosed to Tata Sons directors and Tata Trusts nominees before it was approved by the boards of operating companies.

Mumbai: The Securities and Exchange Board of India (Sebi) on Tuesday asked credit rating agencies to frame detailed rules for rating criteria, processes and responsibilities of rating analysts and increase the range of their disclosures. Raters have 60 days to adhere to these norms.

The capital markets regulator asked rating companies to define on what basis they rate companies and how the rating process is carried out.

The Securities and Exchange Board of India (Sebi) has allowed Bombay Commodity Exchange (BCEL) to exit the commodity futures business with immediate effect. In a directive on Friday, Sebi also asked the exchange to drop “Exchange”, from its name and avoid its use in any variant.

The stock markets regulator had in February told BCEL to abide by the exit policy in view of suspension of trading for more than 12 months.

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