The Securities Appellate Tribunal has imposed a fine on regulator Sebi for an adjudicating officer’s order that resulted in litigation and “harrassment” for a former official of BGIL Films & Technologies. It is a rare instance wherein the Securities Appellate Tribunal (SAT) has penalised the regulator for alleged lapses.

Markets regulator Sebi has levied a total fine of Rs 64.40 lakh on eight entities for indulging in unfair trade practices in the illiquid stock options segment on the BSE.

GKS Technology Park Pvt Ltd, Femina Stock Management, Sagar Constructions, SPFL Securities Ltd, Leelaben Sureshchandra Kachadiaunder, Laxmi Rolling & Strips Pvt Ltd, Mahakaleshwar Mines & Metals Pvt Ltd and South Delhi Promotors Ltd are the entities facing penalty.

Markets regulator Sebi on Thursday announced a risk management framework for liquid funds and norms governing investments in debt and money market instruments. The Securities and Exchange Board of India (Sebi), in its board meeting, announced that valuation of debt and money market instruments shall be based on mark to market. It also said liquid schemes should hold at least 20% in liquid assets and reduced the cap on sectoral limit of 25% shall be reduced to 20%.

Mumbai: The Securities and Exchange Board of India (Sebi) will on Thursday roll out a cap on royalty payments at 2% of net sales. Any other additional payment of royalties will require shareholder approval. Starting July, listed entities will need to follow this particular recommendation of the Kotak Committee.

Based on the feedback that the existing margin requirements in the derivatives segment is pushing up cost of trading while not managing risk in the most efficient manner, the Securities and Exchange Board of India (SEBI) has decided to review the current framework of margins in the futures and options segment.

The Securities and Exchange Board of India (Sebi) on Friday debarred New Delhi Television (NDTV) promoters Prannoy Roy and Radhika Roy and their holding firm RRPR Holdings from trading in the securities markets for two years, and the Roys from holding any key managerial position in NDTV for the same period.

Sebi also banned them from taking any a position in any listed entity.

New Delhi: Regulator Sebi and the Ministry of Corporate Affairs are looking into the sudden resignation of PWC as auditor of Reliance Capital and Reliance Home Finance and have asked the stock exchanges to collect all necessary information including trade details and statements made by the three entities.

The development assumes significance in the wake of the auditors' role coming under the scanner of multiple agencies in cases involving various corporate houses, including listed companies.

Sebi has issued showcause notices to five Asset Management Companies (AMCs) for alleged breach of insider trading regulations.

SBI Fund Management, ING Mutual Fund (now Birla Sunlife) and BNP Paribas are among these. They are all charged with use of of price-sensitive information for trading in the scrip of Manappuram Finance (MFL) in March 2013.

The Securities and Exchange Board of India (Sebi) has issued two fresh showcause notices to HDFC Trustee Company and its managing director and other officials initiating adjudication proceedings in relation to investments of fixed maturity plans (FMPs) in debt instruments of Essel Group companies. Earlier on May 10, 2019, the market regulator had sent two showcause notices on the same matter to HDFC AMC.

Engineering giant Larsen and Toubro (L&T) is believed to have received the approval from the Securities and Exchange Board of India (SEBI) to go ahead with the open offer to acquire shares in IT firm Mindtree.

The open offer is likely to start after June 10. L&T currently holds a 28.87% stake in the IT firm which it acquired partly from Cafe Coffee Day founder VG Siddhartha as well as from the open market.

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