Sebi | The Asian Age

Tuesday, Jan 31, 2023 | Last Update : 03:44 PM IST

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Markets regulator Sebi on Monday slapped a penalty of over Rs 22 crore on Aurobindo promoter P. V. Ramprasad Reddy, his wife P. Suneela Rani and other connected entities for violating insider trading norms.

Sebi slaps Rs 22 crore penalty on Aurobindo promoters

The probe found that the promoter entities traded in the scrip with prior price sensitive information.

24 Sep 2019 1:36 AM

41.28 crore treasury shares of Reliance Industries were held as follows by (a) by Petroleum Trust 24.09 crore shares; and (b) by subsidiaries of RIL 17.19 crore shares, the statement said.

Reliance says Mukesh Ambani's shareholding has not increased in company

The company in an emailed statement said: "There has been no transaction of purchase of shares".

19 Sep 2019 5:12 PM

The proposed mechanism may cover all kinds of financial irregularities and fraudulent activities, unlike the 'informant mechanism' which is limited to the cases of insider trading.

Sebi mulls new whistleblower mechanism for auditors, other 'gate-keepers'

The proposed move assumes significance in the wake of several auditors in the recent past decided to exit from their audit mandate.

15 Sep 2019 3:47 PM

The Securities Appellate Tribunal (SAT) on Monday struck down the Sebi order banning auditor Price Waterhouse, an arm of PwC India, for two years for its role in the Rs 7,800-crore Satyam fraud case.

SAT says Sebi has no power to ban auditor

The Sebi had in January 2018 barred PwC from auditing listed companies in India. It alleged that PwC had colluded with the Satyam management.

10 Sep 2019 12:54 AM

Shares of Sun Pharmaceutical Industries closed at Rs 431.95 per scrip on the BSE, up 1.30 per cent from its previous close.

Sebi orders forensic audit of Sun Pharma financial statements from FY16-18

Sun Pharma, however, did not provide any specific details on the reasons for the SEBI to order the forensic audit.

07 Sep 2019 12:08 PM

Sebi had withdrawn the minimum residual maturity restriction of three years for investment in government securities and state development loans.

FPIs pulled out Rs 38,930 cr in FY19 due to weak market sentiments: Sebi

The limit for FPI investment in debt was revised from Rs 6.49 lakh cr to over Rs 6.98 lakh cr for the April 2019-Sept 2019.

03 Sep 2019 12:47 PM

Cash rich promoters can thwart any takeover bid by raising their stake.

Plea to raise limit of creeping acquisition to 10 per cent

The shares of Mid-Cap and Small-Cap companies have seen huge price erosion in recent times.

24 Aug 2019 1:47 AM

The proposal, which the regulator said would enable rating agencies to get timely information on possible defaults, was approved by Sebi's board at its meeting in Mumbai on Wednesday.

Sebi board approves tighter norms for full disclosure on loan defaults with rating agencies

Officials said there have been occasions when some entities have sought to take the benefit of certain regulatory gaps.

22 Aug 2019 12:23 PM

Relaxing the regulatory framework for foreign portfolio investors (FPIs), the markets regulator Sebi on Wednesday simplified KYC requirements for them by doing away with the broad-based eligibility criteria for FPIs, classifying them into two categories instead of three.

Sebi eases entry rules for foreign investors

The Sebi board also amended regulations concerning credit rating agencies.

22 Aug 2019 3:23 AM

Sebi Chairman Ajay Tyagi said that liquidity needs to increase in terms of better price discovery, more trading and dispersed shareholding, among others. (Photo: File | PTI)

Need to examine various issues on 35 pc minimum public shareholding plan: Sebi chief

Currently, listed companies should have at least 25 per cent public shareholding.

21 Aug 2019 8:07 PM

In the revised shareholding, under the 'statement showing the shareholding pattern of the Promoter and Promoter Group', it listed ONGC as a promoter with 77.88 crore shares or 51.11 per cent stake just below President of India with 'zero' shares.

HPCL files revised shareholding; lists ONGC as promoter

Securities and Exchange Board of India had asked HPCL to re-file shareholding pattern to stock exchanges by August 13, 2019.

14 Aug 2019 3:32 PM

In June 2015 order, Sebi had imposed a fine of Rs 2 crore on the firm while in the same matter the regulator in March 2018 levied a total fine of Rs 22 lakh on NDTV and its four officials, including compliance officer and the Roy couple.

SAT upholds Rs 2 crore fine on NDTV for disclosure lapses

It also upheld Rs 19 lakh penalty on the company as well as three officials, including promoters Pranoy Roy and Radhika Roy.

07 Aug 2019 7:05 PM

IndiGo Chairman M Damodaran in an email dated August 5 has said the first vacancy on the board after amendment of the AoA would be filled by a woman independent director.

Gangwal's fear Bhatia group could push questionable decisions does no credit to directors: Damodaran

The differences between the two promoters came into the public after Rakesh Gangwal had sought Sebi's intervention.

07 Aug 2019 6:04 PM

Against this backdrop, Gangwal in a letter to the company's board said that based on "serious unresolved issues", he was not in a position to vote affirmatively on the special resolution for 'Alteration in Articles of Association of the Company' unless certain issues are addressed. (Representational Image)

IndiGo promoters' feud: Rakesh Gangwal says there are 'serious unresolved issues'

In July, Rakesh Gangwal flagged concerns over alleged corporate governance lapses at InterGlobe Aviation.

06 Aug 2019 7:39 PM

The proposal is likely to be presented for approval by Sebi's board at its meeting later this month, the officials said.

Sebi mulls tighter norms to ensure full disclosure on loan defaults with rating agencies

The move is aimed at helping the rating agencies get timely information about the rated entity's financial strength.

06 Aug 2019 6:05 PM

Pursuant to the investigation, Sebi observed that Desai bought and sold 12,000 shares of FTIL during the probe period without obtaining pre-clearance of trades in accordance with model code of conduct under PIT (Prevention of Insider Trading) norms.

Sebi fines ex-FTIL vice-president Naisadh Desai Rs 12 lakh for violating insider trading norms

As per Sebi's order, Naisadh Desai was senior vice-president and company secretary of FTIL from Mar 2008 to Sep 2013.

30 Jul 2019 6:19 PM

Apart from nine, NSE in a separate notice said stocks of Reliance Infrastructure and Reliance Capital will be excluded from the derivatives segment.

NSE to exclude 11 stocks from derivatives segment; BSE 9

IDBI Bank Ltd, Arvind Ltd, Birlasoft Ltd, Hindustan Zinc among others would be excluded by NSE and BSE.

24 Jul 2019 10:25 PM

Goyal said in Lok Sabha that the FFS with corpus of Rs 10,000 crore will meet the funding needs of startups. (Photo: Representational)

254 startups get Rs 1,700 cr investment from Alternative Investment Funds

Commerce Minister Piyush Goyal said these funds have raised a corpus fund of Rs 25,728 crore.

24 Jul 2019 2:44 PM

In its order, Sebi said Hotel Leela should provide various additional disclosures in the postal ballot notice, including all relevant details of each of the sale transactions.

Sebi directs Hotel Leela to make more disclosures to shareholders on asset sale

Sebi had received complaints from ITC and LIC alleging violations by promoters and JMF ARC in respect of asset sale.

24 Jul 2019 1:20 PM

In a regulatory filing HPCL made to stock exchanges on July 21, in the shareholding for the quarter ending June 30, 2019, HPCL again listed ONGC as "public shareholder" and not as its promoter.

HPCL refuses to recognise ONGC as its promoter

Oil and Natural Gas Corp in January last year bought the government's entire 51.11 pc stake in HPCL for Rs 36,915 crore.

23 Jul 2019 12:33 PM

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Sriram Karri