Transactions entered into between two state-run companies are exempted from taking prior approval of the audit committee and shareholders for related-party transactions, markets regulator Sebi clarified on Wednesday.The clarification came after NTPC sought informal guidance about related party transactions (RPTs) under the LODR (Listing Obligations and Disclosure Requirements) rules.The state-owned company has sought clarification on […]
The mutual fund industry needs to form an ethics committee as the biggest risk to the growth in the industry is individual misdemeanour, Securities and Exchange Board of India (SEBI) chairperson Madhabi Puri Buch said on Tuesday. “Today where we are as an industry, we have a very strong foundation. Now is the time to […]
Markets regulator Sebi on Thursday came out with a model tripartite agreement for the issuer company, existing share transfer agent and new share transfer agent.Under Sebi norms, in case of any change or appointment of a new share transfer agent, the listed entity should enter into a tripartite agreement. The pact has to be signed […]
Capital markets regulator Sebi on Sunday came out with a proposal to strengthen the existing price band formulation for scrips in the derivatives segment to deepen volatility management and minimize information asymmetry in the market. Price bands for scrip or a derivative contract represent the boundaries within which the competing orders of buyers and sellers […]
Four entities on Wednesday settled with capital markets regulator Sebi a case pertaining to alleged insider trading in the shares of Poonawalla Fincorp Ltd, earlier known as Magma Fincorp Ltd, after paying Rs 10.97 crore towards the settlement fee. The entities paid a total of Rs 10.97 crore — Rakesh Bhojgdhiya HUF (Rs 4.29 crore), […]
Capital markets regulator Sebi has proposed a mechanism for the voluntary delisting of non-convertible debt securities. Under the mechanism, an entity should not be permitted to delist a few non-convertible debt securities while other non-convertible debt securities continue to remain listed. Accordingly, the proposed mechanism would apply to the voluntary delisting of all listed non-convertible […]
The Association of Mutual Funds in India (AMFI) clarified on Tuesday that AMCs (asset management companies) may resume subscriptions and make investments in overseas funds and securities up to the headroom available without breaching the overseas investment limit utilised by individual mutual funds and AMCs as on February 1, 2022. The assets under management of […]
With the capital markets regulator now taking a closer look at the disclosures made by startups, several of these new age tech companies (NATC) could see their initial public offerings (IPOs) delayed. The Securities and Exchange Board of India (Sebi) is believed to have called for more details on the key performance indicators (KPI) being put out […]
In its bid to give a leg-up to the debt market and address the liquidity problem following the credit crisis that successively hit the market since 2018, the Securities and Exchange Board of India (Sebi) has taken a four-pronged approach. The regulator is working with players to allow market-making which is necessary to bring in […]