Taking the war on rising non-performing assets (NPAs) and wilful defaulters a step further the markets regulator, Securities and Exchange Board of India (Sebi), is likely to amend its regulations on restrictions on wilful defaulters.

Sources said by way of an amendment to the Sebi Act, 1992, borrowers with a wilful defaulter tag will be barred from raising funds from the market for three years. The changes will be announced in the Sebi board meeting on November 19.

The Securities Appellate Tribunal (SAT) on Tuesday admitted the plea of DLF promoters against the Securities and Exchange Board of India (Sebi) order that had barred the real estate major and six other entities from accessing capital markets.

DLF promoters including KP Singh, his children – Pia Singh and Rajiv Singh and two other key management personnel - DLF Managing Director T C Goyal and former MD Ramesh Sanka had approached SAT earlier this month for relief against the Sebi order.

To make delisting easier and faster, market regulator Sebi will soon announce a new set of regulations wherein time required to complete such an exercise may be more than halved from a minimum of 137 days at present.

The changes are being made after taking into account suggestions made by the industry and other stakeholders, including market entities and investors.

The Securities and Exchange Board of India (Sebi) is set to overhaul the insider trading norms, first framed two decades ago. The regulator is expected to approve the new norms at its board meeting on November 19.

Sources in the know said the new rules would be far more stringent than the regulations currently in place but not as strict as those mentioned in the draft document circulated in December last year.

To push to participation in the government's disinvestment programme, the finance ministry has written to the Securities and Exchange Board of India (Sebi) to promote awareness among retail investors about the coming issues of public sector units (PSUs).

As the government is planning to tap the markets through the auction route, retail investors might not find it easy to bid. The finance ministry has told Sebi it should try to spread awareness through tickers on TV channels, websites and bulk messages.

The Securities and Exchange Board of India (Sebi) has proposed that bank funding to listed small and medium enterprises (SMEs) be given a priority lending tag.

The move will give a huge fillip to the SME trading platform introduced by Sebi in 2012, to ease the financing needs of smaller companies.

Markets remained rangebound with negative bias in noon trades on Monday with auto shares leading the decline on the back of weak October sales while bank shares continued to trade firm.

At 13:00hrs, the 30-share Sensex was down 21 points at 27,845 and the 50-share Nifty was trading 8 points lower at 8,314.

The Securities Appellate Tribunal on Thursday asked DLF to file an affidavit by November 3, explaining why it wants to redeem investments in mutual funds and how much money it is planning to draw.

The real estate giant has investments worth Rs 2,500 crore in mutual funds. It has appealed to the Securities Appellate Tribunal (SAT) against a order of Securities and Exchange Board of India (Sebi) banning it from accessing the capital market for three years.

The Securities and Exchange Board of India (Sebi) has received complaints that PACL (Pearl Agrotech Corporation Limited) continues to collect money from investors, defying the market regulator’s ban.

The market regulator, also entrusted with the responsibility of cracking down on illicit money collection schemes, plans to issue an advisory, cautioning investors against investing in schemes offered by the Delhi-based company.

Hit hard by a Sebi order barring it from capital markets, realty giant DLF today appealed for an interim relief from the Securities Appellate Tribunal (SAT) to allow it to redeem thousands of crores worth funds locked in mutual funds and other securities.

After hearing the petition, filed by the country's largest real estate developer last week, the Tribunal adjourned the matter till October 30 next week, as it sought a response from capital markets regulator Sebi on DLF's plea.

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