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.

Amid shareholder complaints about many companies refusing to pay dividend despite having extra cash, markets regulator Sebi has made it mandatory for the top 500 listed firms to have a 'dividend distribution policy'.

The new norms will not force companies to pay dividend, but will help investors get a clearer picture on returns from their investments in such listed firms and also identify stocks matching their investment objectives.

Market regulator Securities and Exchange Board of India (Sebi) is likely to interrogate United Spirits (USL) officials over Vijay Mallya's severance package of $75 million, said a source with direct knowledge of the matter.

On July 9, the USL had accused Mallya of fund diversion worth Rs 1,200 crore from the company to various Mallya-owned entities, including Force India, Watson Ltd and Kingfisher Airlines.

The first-of-its-kind auction of properties undertaken by the Securities and Exchange Board of India (Sebi) to recover its dues from the Sahara group got underway this week.

"In the e-auction that began on Monday, the response of buyers was lukewarm. But, HDFC Realty closed a sale," said an official familiar with the sale process. The transaction fetched nearly Rs 58 crore, he added without disclosing the location of the property.

Comptroller and Auditor General of India Shashi Kant Sharma on Friday said there is a need to consider whether financial regulators like the Reserve Bank of India and the Securities and Exchange Board of India need to be audited.

“In India, the CAG does not audit the RBI. It is a thought for consideration if there is a need for the audit and oversight of the financial sector and its regulators,” Mr. Sharma said, citing the fact that financial regulators in the U.K. and the U.S. such as the Bank of England and the Federal Reserve have increasingly been brought under scrutiny. Mr. Sharma was speaking at an Assocham conference on corporate and financial frauds.

Mumbai: The capital markets regulator is set to allow online marketplaces such as Flipkart and Amazon to sell mutual funds to make these products more accessible to people.

A Securities and Exchange Board of India (Sebi) panel on digitization of financial services, headed by Infosys Ltd co-founder Nandan Nilekani, submitted its recommendation on 30 May, two people directly familiar with the development said.

The market regulator is reworking its plans for a capital-raising platform targeted exclusively at start-ups after the concept failed to take off a year after it was proposed.

Now, the Securities and Exchange Board of India (Sebi) is considering sweeping changes to the listing framework for technology-focused start-ups that will allow them to trade publicly on regular stock exchange platforms, said two people familiar with the matter.

To recover pending dues worth Rs 92 crore, markets regulator Sebi has ordered attachment of properties of Basil International and its directors that had raised money illegally from the public.

The regulator has attached three properties, including land parcels and movable properties of the defaulters.

The Securities and Exchange Board of India (Sebi) has proposed further relaxations to the real estate investment trusts (Reits) regulations, to attract real estate developers towards launching these instruments. Sebi also proposed a framework to help offshore fund managers relocate to India.

The decisions were taken at its board meeting on Friday. The board approved removing restriction on the Special Purpose Vehicle (SPV) to invest in other SPVs holding assets. It also allowed a Reit to invest up to 20 per cent in under-construction projects.

Markets regulator Securities and Exchange Board of India (Sebi) has confirmed its interim order banning 112 entities for tax evasion and money laundering besides misusing stock exchange mechanism, while a detailed investigation is on against several others.

The regulator, via an interim order dated March 29, 2016, had barred 246 entities, including the above 112, from markets after they were found to have indulged in a web of "make-believe" trades to jack up share prices and entrap gullible investors.

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