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The markets watchdog has sought comments from the market participants like brokers, traders and stock exchanges in this regard, and a final regulation will soon be put in place.
According to top officials, the capital markets regulator will also consult the Reserve Bank of India (RBI) on the matter to avoid any intra-regulatory jurisdiction issues.
Capital markets regulator Sebi today settled cases of disclosure lapses related to three separate entities after they paid more than Rs 6 lakh towards settlement charges.
Generally, financial firms use the STP initiative to pass information electronically in order to optimise the speed at which they process transactions.
The fund house has given the exit option to existing investors. The move is part of the fund house effort to comply with markets regulator Sebi's directive.
The move is part of an effort by Securities and Exchange Board of India (SEBI) to push inflow from overseas investors in the country's capital markets.
Damodaran said that there are three or four elements that need to be looked at, including that the reputation of the bank is on the block.
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.