Mumbai: The markets regulator has written to the Reserve Bank of India and the finance ministry to ease regulations for alternative investment funds (AIFs), in line with the suggestions of a committee headed by Infosys Ltd co-founder N.R. Narayana Murthy, two persons familiar with the development said.

The Securities and Exchange Board of India (Sebi) wants a relaxation of the stringent norms of safe harbour for offshore fund managers, parity of taxation on AIFs with equity investments and exempting the funds from paying withholding tax, one of the two persons said.

The Security and Exchange Board of India (Sebi) is maintaining a constant vigil to check any market manipulation by banned stock brokers, Parliament was informed on Friday.

The Sebi maintains a constant vigil, and in case of any abnormality, takes appropriate action against the concerned entities, Minister of State for Finance Arjun Ram Meghwal said in a written reply to the Lok Sabha.

The Securities and Exchange Board of India (Sebi) is planning to a recruitment drive to shore up its legal department. Sebi is also open to hiring young legal professionals on contractual basis in entry and mid-level positions and soon plans to issue an advertisement, said people in the know. The market regulator has been facing crunch as several of its officers are quitting after a few years of service as there is a huge demand for legal heads, who have worked with Sebi. Besides strengthening its existing workforce, Sebi is open to move personnel from other departments to the legal vertical in an event there is excess load due to crucial cases.

MUMBAI: Amid the government talks with global tech giants to let Indians have email IDs in their local language, markets regulator Sebi has directed all the intermediaries in the securities market to start communicating with the investors in vernacular languages, in addition to Hindi and English, which are already in use. To start with, Sebi has asked intermediaries that documents stating rights & obligations of brokers, disclosure about risks, and also do's and don'ts of stock trading should be available in 15 Indian languages.

Boosting start-ups and entrepreneurship is one of the several focus points for the Narendra Modi-led government. With a Rs 10,000 corpus allocated to new businesses and entrepreneurs, and a slew of changes to doing-business and taxation norms, it seems like the government has the back of start-ups in India.

Now, markets regulator Securities and Exchange Board of India has proposed an easier framework to ensure that start-ups in India look to the domestic market when they want to raise money, and don't to overseas, as it happens right now.

The capital markets regulator is considering allowing the purchase of mutual funds using digital wallets, or e-wallets, in an effort to expand access to such investment products, two persons with direct knowledge of the matter said.

The Securities and Exchange Board of India (Sebi) is in talks with the Reserve Bank of India (RBI) to frame regulations allowing such transactions, one of the two persons said. Both spoke on condition of anonymity.

Private sector lender Yes Bank today said it has received an in-principle approval from the capital markets regulator SEBI to sponsor a mutual fund and to set up an asset management company and a trustee company.

In a BSE filing, Yes Bank said it “has received an in-principle approval from the Securities & Exchange Board of India (SEBI) to sponsor a Mutual Fund and to setup an asset management company (AMC), and a trustee company.

The Securities Appellate Tribunal (SAT) has rapped the Securities and Exchange Board of India (Sebi) at least half a dozen times over the last three months. The capital markets regulator has been told off for lapses in the investigation procedures as also the lack of uniformity in judgments.Just last week, the appellate authority described the manner in which whole-time members (WTM) of Sebi handled an order passed by it as “shoddy”.

Mumbai: In a rare instance, the Securities and Exchange Board of India (Sebi) is at the receiving end of a penalty from the Securities Appellate Tribunal (SAT).

In an order in the matter of Adventz Finance Pvt. Ltd, SAT imposed a cost of Rs.1 lakh on Sebi for delay in passing a final order. In an earlier order on 6 May, SAT had directed Sebi to pass a final order in the matter by 24 June.

The Securities and Exchange Board of India (Sebi) is likely to order a forensic audit of brokers linked to the National Spot Exchange Ltd (NSEL) scam even though an initial probe into the role of these brokers did not spot too many violations, two people familiar with the developments said.

In April, Sebi had ordered an audit of top six brokers that sold products of NSEL.

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