Suspecting serious lapses in financial dealings of various listed companies of Vijay Mallya-led UB Group, markets regulator Sebi has expanded its probe into possible siphoning off funds by the promoters.

The matter is also being flagged to other agencies and government departments, including the Corporate Affairs Ministry and its probe agency for white-collar crimes, SFIO (Serious Fraud Investigation Office), a senior official said.

NEW DELHI: Markets regulator Sebi has ordered two Swar group companies and their directors to refund investors' money, which was raised through illegal investment schemes, in three months.

Besides, the firms -- Swar Agrotech India and Swar Agroteak and Housing (India) -- their directors are also barred from the capital market for four years.

Mumbai: U.K. Sinha, chairman of capital markets regulator Securities and Exchange Board of India (Sebi) said on Thursday the regulator is in discussions with global experts and regulators on risks from high frequency trading (HFT).

Sebi is also looking at bringing changes in the so-called consent mechanism norms and allowing cases without any market-wide impact to be settled through a mutually agreed fees to the regulator.

The much-awaited tax reforms for Alternative Investment Funds (AIFs), which were to be addressed by the markets regulator, would take a few more months as the Securities and Exchange Board of India (Sebi) might forward the tax proposals of an expert panel headed by Infosys founder NR Narayana Murthy to the finance ministry.

Capital markets watchdog Sebi on Monday cancelled the registration of Deutsche Mutual Fund following the transfer of its schemes to DHFL Pramerica Mutual Fund.

The Indian asset management business of Deutsche Mutual Fund has been acquired by Pramerica MF.

Mumbai: The Securities and Exchange Board of India (Sebi) has decided against allowing the two national stock exchanges to launch commodity trading platforms in the near term, said three people familiar with the development.

Both the National Stock Exchange of India Ltd (NSE) and BSE Ltd had sought permission to launch commodity trading on their exchanges after Sebi began regulating the commodity markets last year.

The service tax department of Mumbai has slapped a Rs 75 crore tax demand notice on the Securities and Exchange Board of India (Sebi) after getting nod from the finance ministry and the Central Board of Excise and Customs (CBEC).

In the first week of April, the service tax department had issued a showcause notice to the market regulator. The demand notice is for the period from July 1, 2012, to March 31, 2015.

Mumbai: The Securities and Exchange Board of India (Sebi) has sought an explanation from National Stock Exchange of India Ltd (NSE) on a report by a Sebi constituted expert panel which had recommended action against the bourse for violating norms of fair access, said two people familiar with the developments.

The Sebi technical advisory committee (TAC) in March had submitted its findings to Sebi that some traders on the exchange had unfair access to market data and trading systems.

Mumbai: The Reserve Bank of India (RBI) will soon come out with a concept paper on peer-to-peer (P2P) lending, and will hold consultations with capital markets regulator Securities and Exchange Board of India (Sebi) before finalizing the rules, deputy governor R. Gandhi said on Monday.

“A concept note on P2P lending will be put up on the RBI website for public comments shortly,” Gandhi said at a non-banking finance company (NBFC) event organized here by an industry body. Based on the feedback, the contours of P2P lending will be decided in consultation with the Sebi, he said.

The Securities & Exchange of India (Sebi) has proposed new norms to allow distribution of cash benefits including dividends, interest and redemption payments through depositories.

Currently, cash benefits are distributed directly by issuer companies to investors mostly through their registrar and transfer agents (RTAs). The proposal comes within a month after the alleged fraud by share transfer agent Sharepro Services which transferred dividends payable to shareholders to fake demat accounts by fraudulent means.

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