However, the shareholding will have to be brought under that level within a year.
The regulator has also issued framework including action plan and guiding principles for the utilisation of fund.
The panel is reviewing the sector to identify causes and propose long-term solutions for its development.
The market regulator cited mitigating external risks such as market volatility and uncertainty of financial markets as the reason behind the move.
The market regulator as told the government that it may not be easy to keep a note on amendments to income tax laws.
Jahangirabad Finance Co Pvt Ltd, Renesola India Pvt Ltd, Rakesh Garg, Rattan Ispat Pvt Ltd and Ritman Commodities are the entities facing action.
JF Asset Management paid Rs 5.15 lakh to settle the case with the markets regulator, according to an order.
Sebi in its interim order passed in 2017 "prima facie" found that the entities had engaged in the manipulative practice of sending SMS to the investors recommending buying of Supreme Tex's shares.
Norms connected to corporates facing debt restructuring was also eased, with exception from the mandatory open offer being provided in select cases.
The residual maturity limit for amortisation based valuation by mutual funds will be reduced from 60 days to 30 days.
Sebi's board also approved allowing mutual funds, portfolio managers and certain alternative investment funds to trade in commodity derivatives.
Fortis Healthcare has also asked the Securities and Exchange Board of India (Sebi) for a personal hearing on the matter.
Various Courts and Authorities in the country have made serious adverse observations against NSEL and Paired Contracts.
The proposal has been made following a private family arrangement to provide for family succession and welfare of Mehta Family.
According to a report, the Indian capital markets regulator has mostly implemented secondary market principles covering areas such as authorisation, oversight and ongoing supervision requirements.