Mumbai: The Securities and Exchange Board of India (Sebi) is unlikely to relax the newly framed corporate governance norms which come into effect from 1 October, even though listed companies have sought concessions on related-party transactions and the appointment of women directors, according to two people familiar with the matter.

Corporate governance norms for listed firms come under listing agreement norms of Sebi.

The Securities and Exchange Board of India (Sebi) and the Union finance ministry are having discussion over the stricter corporate governance code prescribed by the former for listed companies.

The talks are on whether there is a need to have a different corporate governance code for listed companies than what is prescribed in the new Companies Act, said sources.

The government has asked market regulator Securities and Exchange Board of India (Sebi) to allow relaxations in rules for follow-on public offerings (FPOs), two people with knowledge of the development have said.

For the 2014-15 disinvestment programme, the Centre intends to give more weight to the FPO route than the offer-for-sale (OFS) route, to ensure better participation from retail investors.

Market regulator Securities and Exchange Board of India (Sebi) has sought clarifications on the proposed Rs 750-crore initial public offer (IPO) of construction major HCC’s realty arm Lavasa Corporation.

Without disclosing the details of clarifications sought, Sebi has said “clarifications (are) awaited from lead manager” for the proposed public issue.

Stockbrokers, who paid a deposit to become members of Multi Commodity Exchange-Stock Exchange (MCX-SX)'s equity segment, are asking the bourse to return their money, even as volumes in the segment have completely dried up.

They have also written to the Securities and Exchange Board of India (Sebi) on the issue, according to information from two persons familiar with the matter. "The brokers have asked for a refund," said a senior industry official.

The Securities and Exchange Board of India (Sebi) on Sunday set the stage for launch of Real Estate and Infrastructure Investment Trusts, commonly referred to as REITs and InvIT.

In the final regulations, the market regulator has made some major changes to what it had proposed earlier. These include allowing foreign institutional investor (FII) participation and reducing the minimum asset size for a REIT. Those in the sector said these two new instruments had the potential of attracting nearly Rs 1 lakh crore to the cash-starved real estate and infrastructure sector.

The Securities and Exchange Board of India (Sebi) on Friday released a discussion paper on higher disclosure standards pertaining to public offer and listing of securitised debt instruments (SDI). Sebi, in the paper, has highlighted the role and responsibilities of trustees of SDI. It has proposed a trustee needs to have a net worth of at least Rs 2 crore. The duty of calling for periodic reports from sellers and ensuring the investors of SDI have been allotted debt would lie with the trustee of SDI.

The Securities and Exchange Board of India (Sebi) has filed two complaints against the founder of erstwhile Satyam Computer Services Ramalingam Raju, his brother Rama Raju and others in connection with the account fraud which sounded the death-knell of the IT firm.

Sebi had earlier slapped a penalty of Rs 1,849 crore on the company, and banned it from market for 14 years. The market regulator today filed two complaints in the special Economic Offences Court against Raju brothers, former CFO Vadlamani Srinivas and two former auditors of international auditing firm PWC, among others.

Finance Minister Arun Jaitley on Wednesday allayed fears that Ponzi scheme operators will split schemes into small funds to avoid being caught by the new law being proposed to empower the Securities and Exchange Board of India (Sebi) to regulate those collecting at least Rs 100 crore.

Jaitley also expressed the hope that the new financial inclusion programme of the Narendra Modi government will provide avenues to investors to avoid these schemes.

The government today tabled a bill in the Lok Sabha to empower market regulator Sebi to deal with the menace of ponzi schemes, but the legislation curtailed its powers related to search and seizures compared to those provided in the ordinance that it replaced.

The government today tabled a bill in the Lok Sabha to empower market regulator Sebi to deal with the menace of ponzi schemes, but the legislation curtailed its powers related to search and seizures compared to those provided in the ordinance that it replaced.

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