- Tag results for SEBI
According to Sebi, FPIs investing in breach of the prescribed limit need to divest their holdings within five trading days from the date of settlement of the trades causing the breach.
The finance ministry is considering writing to markets regulator Sebi seeking relaxation for certain state-owned firms from meeting the minimum 25 per cent public shareholding norm.
Adjudication proceedings have been initiated against 567 entities involved in such trades in the first phase, according to a Sebi order dated April 5.
Markets regulator Sebi today put in place a new system for depositories to monitor the foreign investment limits in listed Indian companies.
The defaulters include individuals as well as companies which failed to pay penalties levied on them by Sebi for various offences related to the securities market.
In a significant move, the Securities and Exchange Board of India (SEBI) on Wednesday accepted several recommendations made by the Uday Kotak-led committee on corporate governance.
The proposal comes at a time when there are increasing number of cases coming up under the Insolvency and Bankruptcy Code.
Sebi has approved amendment to the regulatory framework to enable disclosures related to MFs in investor-friendly electronic form.
The revised framework is expected to promote a better compliance culture apart from putting in place an appropriate system for effective enforcement of continuous compliance.
Under the amendment, Sebi will increase the maximum investment by angel funds in venture capital undertakings to Rs 10 crore from the current Rs 5 crore.
According to the regulator, there would be no change in control of the banks pursuant to the proposed acquisition of additional shares by the government.
Sebi will discuss on strengthening the trading framework, amending norms for companies undergoing bankruptcy proceedings and increasing regulatory oversight on auditors.
The regulator is considering to raise the maximum period of accepting funds from an angel investor to five years from the present limit of three years.
After Nirav Modi and Mehul Choksi, the SFIO is probing Religare Enterprises and its group company Fortis Healthcare for alleged frauds, and will soon be initiating probe against 10 more companies.
Sebi plans to bring in additional disclosure requirements for listed corporates undergoing insolvency resolution process as well as amend norms pertaining to minimum public shareholding norms.