New Delhi, July 3 (IANS) The Securities and Exchange Board of India on Friday said that shares allotted to investors but not fully paid for must remain in clients’ demat accounts, while brokers have a formal pledge over them until outstanding dues are cleared.Under the revised framework, unpaid securities will be credited first to the investor’s demat account and then automatically pledged in favour of the broker through a dedicated “Client Unpaid Securities Pledgee Account” (CUSPA), the…
Latest SEBI News & Updates
New Delhi, July 3 (IANS) The mutual fund industry has become a key pillar of India’s financial markets by helping households create long-term wealth and providing stable domestic capital for economic growth, but millions of Indian households are still outside the mutual fund ecosystem, making innovation in products, distribution and investor communication critical for broader participation, SEBI Whole-Time Member Amarjeet Singh said on Friday.Addressing ASSOCHAM’s 17th Mutual Fund Summit on the …
New Delhi, July 3 (IANS) The Securities and Exchange Board of India (SEBI) on Friday proposed that foreign portfolio investors (FPIs) and foreign venture capital investors (FVCIs) pay registration and related fees in Indian rupees (INR), replacing the existing system of payments in US dollars (USD), according to board meeting documents.The proposal is aimed at streamlining fee collection, improving accounting efficiency and reducing operational challenges associated with foreign currency transac…
Mumbai, July 1 (IANS) India’s capital markets regulator, the Securities and Exchange Board of India (SEBI), has barred 221 entities from the securities market after uncovering what it described as an “industrial-scale” stock manipulation scheme involving five listed companies. The regulator has also ordered the recovery of nearly Rs 144 crore in illegal gains, along with interest, following a years-long investigation into an alleged pump-and-dump operation.In a 394-page final order, SEBI identif…
Mumbai, June 30 (IANS) India’s markets regulator, the Securities and Exchange Board of India (SEBI), on Tuesday issued an ex-parte interim order against the promoters and associates of Darjeeling Industriies Limited, alleging they orchestrated a complex scheme involving circular funding, misuse of preferential issue proceeds and suspected stock price manipulation. The regulator has also questioned the very existence of the listed company, saying it could not find any operational presence at eith…
Mumbai, June 24 (IANS) The Bombay Stock Exchange (BSE) on Wednesday sought clarification from gold jewellery manufacturer Rajesh Exports Ltd regarding reports of searches conducted by the Enforcement Directorate (ED) at multiple locations linked to the Bengaluru-based company.The stock exchange’s query came a day after the central agency carried out searches at nine premises associated with the company under the provisions of the Foreign Exchange Management Act (FEMA). In a regulatory filing, Ra…
Mumbai, June 23 (IANS) The Securities and Exchange Board of India (SEBI) on Tuesday proposed a Common Advertisement Code (CAC) for specified regulated entities, seeking to replace multiple advertising frameworks with a single, harmonised set of rules aimed at reducing compliance burdens while enhancing investor protection.The proposed code would apply to stock brokers, depository participants, investment advisers, research analysts, online bond platform providers, portfolio managers, and mutual …
Bengaluru, June 23 (IANS) The Enforcement Directorate (ED) on Tuesday carried out searches at multiple locations linked to Rajesh Exports Limited in Bengaluru, with raids also conducted in Mumbai. The action comes amid increasing regulatory scrutiny of the company following a recent Securities and Exchange Board of India (SEBI) order that raised concerns about Rajesh Exports’ financial reporting practices.SEBI, citing findings from a forensic review, alleged that the company may have significa…
Mumbai, June 21 (IANS) National Stock Exchange (NSE) CEO Ashish Kumar Chauhan on Sunday said that yoga has become increasingly important in today’s lifestyle and can help address both physical and mental health issues.Speaking to IANS, Chauhan said that it was due to the efforts of Prime Minister Narendra Modi that the United Nations declared June 21 as International Day of Yoga in 2015.He said yoga offers immense benefits, which is why people across the world celebrate Yoga Day and embrace the …
Mumbai, June 19 (IANS) Securities and Exchange Board of India (SEBI) Chairman Tuhin Kanta Pandey on Friday said the regulator has internally approved the proposed settlement in the long-pending National Stock Exchange (NSE) co-location case.Speaking to reporters, Pandey said the settlement proposal has received internal approval and the issue is expected to reach closure soon.”Internally, the NSE settlement has been approved. The matter will be resolved soon,” he said.The development comes just …