Securities and Exchange Board of India

Sebi bars former IndusInd Bank CEO Sumant Kathpalia, 4 others from accessing securities markets – Times of India

NEW DELHI: Securities and Exchange Board of India (Sebi) issued directives on Wednesday prohibiting Sumant Kathpalia, former CEO of IndusInd Bank, and four other individuals from participating in securities market activities. The regulatory body has also impounded Rs 19.78 crore from them through an interim directive.The other executives facing restrictions include Arun Khurana, who served…

Urban Company files for Rs 1,900 crore IPO with Sebi – Times of India

alishpagda08@gmail.com1 month ago02 mins

Urban Company files draft papers for IPO NEW DELHI: Urban Company has filed draft papers with the Securities and Exchange Board of India (Sebi) for an initial public offering (IPO) to raise Rs 1,900 crore. According to its Draft Red Herring Prospectus (DRHP), the IPO will comprise a fresh issue of shares worth Rs 429…

Nestle India receives warning from Sebi for violations of insider trading norms – The Times of India

alishpagda08@gmail.com3 months ago02 mins

NEW DELHI: Sebi has issued a cautionary letter to Nestle India regarding an alleged breach of Insider Trading regulations by a high-ranking company official. According to a regulatory filing on Friday, Nestle India received an “administrative warning letter” from the Securities and Exchange Board of India (SEBI). The company has not revealed the identity of…

Stock market ‘fraud’: Court orders FIR against ex-Sebi chief Madhabi Puri Buch, 5 others | India News – The Times of India

alishpagda08@gmail.com3 months ago05 mins

Former Sebi chairperson Madhabi Puri Buch (Pic credit: PTI) MUMBAI: A special court here has directed the Anti-Corruption Bureau (ACB) to register an FIR against former Sebi chairperson Madhabi Puri Buch and five other officials in connection with alleged stock market fraud and regulatory violations. “There is prima facie evidence of regulatory lapses and collusion,…

Economic affairs secretary Ajay Seth gets additional charge of revenue | India News – The Times of India

alishpagda08@gmail.com3 months ago01 mins

NEW DELHI: Economic affairs secretary Ajay Seth has been given additional charge of the revenue department, according to an official order on Saturday. The vacancy at the revenue department was created after former finance secretary Tuhin Kanta Pandey was appointed chairman of market regulator – Securities and Exchange Board of India (Sebi). Pandey held the…

Axis Securities slammed with Rs 10 lakh penalty for violating stock brokers rules – The Times of India

alishpagda08@gmail.com3 months ago02 mins

NEW DELHI: The Securities and Exchange Board of India (Sebi) has imposed a Rs 10 lakh penalty on Axis Securities for breaching stockbroker regulations and other compliance norms. The firm has been directed to pay the fine within 45 days, the regulator stated in its order issued on Friday.In its 82-page order, sebi found that…

How Digilocker outage has hit customer onboarding at stockbrokers – Times of India

alishpagda08@gmail.com5 months ago05 mins

Digilocker, operated by the government, serves as a digital repository where Indian citizens can store their documents. Digilocker down! Customer verification for stockbrokers has been severely disrupted since January 1, as Digilocker, a crucial platform for identity verification, has been non-operational, according to three sources familiar with the matter on Thursday.Digilocker, operated by the government,…

Sebi announces stricter regulations for SME IPOs – Times of India

alishpagda08@gmail.com5 months ago05 mins

NEW DELHI: The Securities and Exchange Board of India (Sebi) on Wednesday announced stricter regulation for small and medium enterprises (SMEs) initial public offerings (IPOs) to address concerns around transparency, governance, and the misuse of funds in the SME segment.The market regulator said that these will strengthen the SME IPO market, improve the quality of…

LG Electronics India files for IPO, plans to dilute 15% stake – Times of India

alishpagda08@gmail.com6 months ago03 mins

LG Electronics India Ltd, the Indian subsidiary of South Korea’s LG Electronics Inc, has filed draft papers with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO). The public issue, entirely an offer for sale (OFS), involves the sale of 10.18 crore equity shares by the promoter, LG Electronics Inc,…

Sebi removes 1% security deposit requirement for public issues – Times of India

alishpagda08@gmail.com6 months ago02 mins

NEW DELHI: The Securities and Exchange Board of India (Sebi) on Thursday issued a circular scraping the mandatory security deposit requirement with exchanges for public issues effective immediately. The market regulator said that this will help companies to streamline business operations for companies. “In order to facilitate ease of doing business to issuer company, the…