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Capital markets regulator Sebi on Wednesday asked persons associated with research services to obtain the required NISM (National Institute of Securities Markets) certification within one year. This one-year period is applicable from the date of this circular, Sebi said. Further, institutional investors are not required to give signed consent on the terms and conditions, including…
US-based hedge fund Jane Streetwhich allegedly made handsome gains through market manipulationhas deposited the mandated Rs 4,843.57 crore in an escrow account in favour of Sebi and requested it to lift certain restrictions. The watchdog is examining the request, Sebi said in a statement on Monday. In an interim order on July 3, the regulator…
This decision overturned an earlier order by the Adjudicating Officer (AO) of the Securities and Exchange Board of India (SEBI), who had determined that the appellant misled investors by signing the buyback announcement. We now examine the background of the case and the significance of the Tribunal’s ruling. Brief Background In this case, the appellant…
Markets regulator Sebi on Thursday said it has launched a joint investor awareness campaign “SEBI vs SCAM” in collaboration with MII and the Association of Mutual Funds in India (AMFI) to tackle financial frauds and protect investors in the securities market. This unified initiative aims to bolster investor protection and combat financial fraud and scams…
At the heart of the challenge are the provisions that mandate disclosure of agreements which impact the management or control of a listed company, even if the company itself is not a party to the agreement. The petitions have been brought by five listed Kirloskar Group companies, contending that these disclosure requirements are manifestly arbitrary,…
The Wealth Company Mutual Fund, part of the Pantomath Group, made a bold debut by becoming the first new asset management company (AMC) to file four Scheme Information Documents (SIDs) on the very day it received its mutual fund license i.e., July 18. The earnest filing of the four SIDs reflects a unique focus-led approach…
Key Objective of the Amendment With the goal of fostering enhanced transparency, fairness and promoting accountability in the administration and governance, the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Amendments (December 2024) were done by Securities and Exchange Board of India using the power conferred to it under Section 30(1) along…