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.

The Securities and Exchange Board of India (Sebi) will seek a detailed report from the Tata group companies to look into possible violation of corporate governance and listing norms referred by Cyrus Mistry in his five-page letter to Tata Sons board members.

"We are taking note of each and every development and will act immediately if there is any hint of possible violation of corporate governance and listing norms or any other regulation under our jurisdiction," a senior official said.

The Securities and Exchange Board of India (Sebi) (pictured) has said it has probed the activities of Sahara Q-shop and found these do not fall under purview of its Collective Investment Scheme (CIS) regulations. It has referred the matter to Maharashtra government for action under its investor protection laws. The reply came last week in the matter of a case filed in Allahabad High Court by IPS officer Amitabh Thakur and his wife Nutan Thakur.

The Securities and Exchange Board of India (Sebi) on Friday barred as many as eight “vanishing” companies and 40 directors from accessing the capital market for the next five years for violating listing agreement.

Vanishing companies are those that failed to file statutory returns with the Registrar of Companies and stock exchanges for two years. Besides, the companies and their directors are not traceable.

Mumbai: After getting the power to regulate so-called collective investment schemes (CIS) in 2013, the Securities and Exchange Board of India (Sebi) has passed ban orders on at least 150 entities, but not been successful in refunding money to investors. Not even one CIS company has filed a winding-up report with the regulator, said three people with direct knowledge of the matter, including a Sebi official.

In a rare instance, the Securities and Exchange Board of India (Sebi) has appointed a three-member adjudicating bench after its initial probe found that certain brokers involved in the 2013 payments crisis at the National Spot Exchange Ltd (NSEL) had mis-sold NSEL products, three persons with direct knowledge of the matter said.

“The investigation concluded last month and the matter has been referred to the adjudication department for inquiry and penal proceedings under section 11 (B) of Sebi Act and broker regulations’ clause pertaining to ‘fit and proper’ criteria,” said the first person on condition of anonymity. Section 11B of the act refers to Sebi’s powers to act to protect interest of the market.

PNB Housing Finance has received capital markets regulator Sebi's go ahead to raise Rs 2,500 crore through an initial public offering.

The leading housing finance firm filed IPO papers with Sebi in July. The markets regulator issued its final 'observations' on October 6 on the draft offer documents, which is necessary for any company to launch the public offer.

Market regulator Sebi has ordered two companies — Morningstar Ventures and Gitanjali Udyog — and their directors to refund investor money they had raised by issuing securities without complying with the norms.

The firms and their directors need to refund the money within three months with an interest of 15 per cent per annum. Besides, the entities have been barred from the capital market for four years.

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