Sebi

COVID-19: Kerala under complete lockdown

3:11 pm May 8, 2021

Thiruvananthapuram: Shutting shops, suspending public vehicle transport and strictly restricting the on-road movement of people, Kerala came under complete lockdown from Saturday morning to contain the massive spread of COVID-19 pandemic. The restrictions came into force by 6am and would be extended up to May 16 midnight, official sources here said. The state government decided […]

Sebi slaps Rs 20 lakh fine on 4 entities for fraudulent trading

11:32 pm March 10, 2021

New Delhi: Markets regulator Sebi on Wednesday slapped a total fine of Rs 20 lakh on four entities for indulging in fraudulent trading in the scrip of Anukaran Commercial Enterprises Ltd. An investigation was conducted by the regulator between January 2012 and January 2015. The Sebi investigation revealed that Anukaran’s scrip price saw an abnormal rise, which was not […]

Supreme Court asks SAT to allow NSEL’s appeal in ‘not fit and proper’ case against brokers

10:23 pm February 24, 2021

New Delhi: The National Spot Exchange Ltd (NSEL) said the Supreme Court has directed the Securities Appellate Tribunal (SAT) to allow the bourse to present its appeal in the ”not fit and proper” case against brokers. The apex court, thus, rejected the opposition put up by senior advocate and former finance minister P Chidambaram on behalf of brokers, the NSEL said in a […]

Sebi to ease minimum public offer requirement for large issuers

11:13 pm February 17, 2021

New Delhi: Regulator Sebi’s board on Wednesday decided to relax the minimum public offer norms for large issuers by reducing certain requirements. Changes have been approved in the Securities Contracts (Regulation) Rules, 1957 (SCRR), according to a release. The minimum public offer requirement has been reduced from 10 per cent of post issue market capital […]

Sebi extends timeline for submission of comments on proposal on appointment of MDs

11:27 pm February 12, 2021

New Delhi: Markets regulator Sebi on Friday extended to February 26 the last date for submission of public comments on a proposal regarding appointment of managing directors and whole time directors. The regulator had on January 27 floated a consultation paper on introduction of provisions relating to appointment / re-appointment of persons who fail to get elected […]

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