New Delhi: An advisory panel set up by the capital markets regulator has suggested a slew of tax reforms and changes in existing laws to facilitate capital-raising by alternative investment funds (AIFs) and boost entrepreneurship.

The committee formed by the Securities and Exchange Board of India (Sebi) and headed by Infosys founder N.R. Narayana Murthy put out a report on Wednesday suggesting ways to create a favourable tax environment for investors.

The capital market regulator may reduce the total expense ratio (TER), or the sum of all fees charged by an asset management company (AMC) for managing investor monies, in an attempt to curb any misselling in the industry, said two people familiar with the regulator’s thinking.

Three other people from the industry confirmed that the matter was under discussion.

After Income Tax Department action against commodity traders, including some based in Indore, the Securities and Exchange Board of India (Sebi) may also take action against violators of commodity market rules.

"By now, there has been no joint action but we do share information with Sebi officials and other departments," said a senior commercial officer with the markets regulator, speaking on condition of anonymity.

Capital market watchdog Sebi in collaboration with Paris-based think tank OECD will organise in February an international conference on key challenges facing the financial sector in terms of investor protection.

"Co-hosted by the Securities and Exchange Board of India (Sebi) and the OECD, with sponsorship from the Government of Japan, this seminar will focus on key developments and challenges facing financial consumer protection and education in the region," a statement on OECD's website about the event said.

The Securities and Exchange Board of India (Sebi) on Monday announced tighter norms governing mutual fund investments in debt securities. The regulator has reduced single security exposure, sector exposure and group exposure for debt schemes.

The move comes within months of a crisis at JPMorgan Asset Management Company due to a payment default on debentures by Amtek Auto.

New Delhi: Capital market regulator Securities and Exchange Board of India (Sebi), looking to speed up the recovery process against the Sahara Group, on Wednesday requested the Supreme Court (SC) for an early hearing of its plea seeking appointment of a receiver to take control of the group’s assets.

The court will hear the case on 2 February, potentially setting a timeline for the recovery process.

Mumbai: Shares of infrastructure company Valecha Engineering Ltd fell as much as 15% on Wednesday after the capital markets regulator Securities Exchange Board of India (Sebi) banned the company and its promoters from the raising capital from public for three years with immediate effect. The stock touched a low of Rs.45.20—a level last seen on 29 September 2015.

Capital markets regulator Sebi has given clearance to beauty and wellness firm VLCC Health Care to raise at least Rs 400 crore through IPO to fund its expansion in domestic as well as international markets.

The firm, which had filed draft red herring prospectus (DRHP) with Sebi on September 23, seeking permission for an IPO, obtained clearance from Sebi on December 29.

NEW DELHI: Markets regulator Sebi is set to tighten disclosure norms for rating agencies as well as the companies being rated, as it seeks to check the menace of 'rating shopping' and a 'pick-andchoose' approach in disclosing rating actions.

The proposed regulatory moves follow the Amtek Auto fiasco and a growing number of loan defaults triggering downgrade or suspension of ratings without the same being properly communicated to investors.

Stock exchanges will be allowed to go for listing from April this year. On the first day of the year, the Securities and Exchange Board of India (Sebi) issued the final circular in which it steered clear of any dilution the “fit and proper”.

However, shareholders would be allowed to issue a self certification of their ‘fit’ status.

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