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,…
NEW DELHI: Markets regulator Sebi is looking to expand the definition of qualified institutional buyers (QIB) and remove the 200-investor cap, allowing angel funds to access a broader pool of accredited investors. This move will enable more wealthy investors to participate, boosting funding for startups. It ensures that only financially strong investors take on high-risk…
SEBI, the country’s market regulator, plans to make your mobile phone the primary gateway for stock market transactions, proposing a system that would bind trading accounts to specific SIM cards and devices.The Securities and Exchange Board of India (SEBI) on Tuesday unveiled a consultation paper suggesting a “One UCC-One Device-One SIM” mechanism, similar to UPI…
Securities & Exchange Board of India (SEBI) has seized Rs 53.67 crore from Asmita Patel Global School of Trading Pvt Ltd along with five other entities. Asmita Patel Global School of Trading Pvt Ltd is a well-known stock market training institute that offers online courses on stocks and trading. Some of its popular courses are…
MUMBAI: Sebi is proposing to issue all shares in demat mode in case a company splits or consolidates the face value of its shares. The regulator is also proposing to issue demat shares in case of corporate restructuring.The inherent benefits of demated shares, mainly elimination of risks associated with physical certificates that is loss, theft,…
MUMBAI: Ketan Parekh, the infamous market operator who was once jailed for stock exchange-related manipulations, is in Sebi‘s net again. The markets regulator has unearthed a front-running scheme in which Parekh (also nicknamed KP) was one of the main brains. Along with Rohit Salgaocar – a Singapore citizen of Indian origin – KP orchestrated a…
MUMBAI: Markets regulator Sebi on Wednesday tightened rules for small and medium enterprises (SMEs) aiming to tap the public market through listing. It also tightened rules for merchant bankers, specified a time period for mutual fund managers to deploy funds raised through new fund offers (NFOs), and expanded the list of events which will be…
New Delhi: BlueStone Jewellery and Lifestyle, which offers contemporary lifestyle diamond, gold, platinum, and studded jewellery under its flagship brand “BlueStone” has filed draft papers with markets regulator Sebi to raise funds through an initial public offering (IPO). The proposed IPO is a combination of a fresh issue of shares worth Rs 1,000 crore and…
MUMBAI: Markets regulator Sebi is having a preliminary look at whether the Adani Group had violated disclosure norms while its chairman and some top officials dealt with a US DoJ grand jury subpoena and investigations by the FBI for wire frauds, violations of securities and other laws in the country for over a year. Sebi…
MUMBAI: Markets regulator Sebi on Monday issued a warning to investors — its third this year — about unauthorised entities trying to engage investors through platforms and apps that could lead to losses. The proliferation of financial frauds is prompting Sebi to issue frequent advisories and warnings to investors.The advisory said that some apps/web applications/…
