New Delhi, April 7 (IANS) India’s market regulator Securities and Exchange Board of India (SEBI) on Tuesday announced a one-time relaxation for public issuances, acknowledging that ongoing geopolitical tensions — particularly in the Middle East — have slowed fundraising activity and reduced investor participation.Under existing regulations, companies are required to launch their public issues within 12 to 18 months from the date SEBI issues its observations on their offer documents.However, …
Latest Securities and Exchange Board of India News & Updates
New Delhi, April 6 (IANS) The Securities and Exchange Board of India (SEBI) Chairman Tuhin Kanta Pandey on Monday said that escalating tensions in West Asia are disrupting global energy flows, putting pressure on oil and gas supplies and triggering sharp price volatility.In his address at the 19th CII Corporate Governance Summit, he cautioned that the ongoing conflict could have far-reaching implications for the global economy.Pandey said the current crisis adds to a series of shocks that busine…
New Delhi, April 2 (IANS) In a significant regulatory move, the Securities and Exchange Board of India on Thursday proposed bringing back open market share buybacks through stock exchanges, following recent changes in the tax framework.In a consultation paper, the market regulator suggested that companies should once again be allowed to repurchase their shares directly from the secondary market as an additional option under existing buyback rules.This method had been discontinued earlier due to …
New Delhi, March 29 (IANS) The National Company Law Appellate Tribunal (NCLAT) has dismissed appeals filed by the BSE, ruling that insolvency courts have the authority to order the defreezing of Demat accounts of companies undergoing insolvency proceedings.In its order, a two-member bench of the appellate tribunal said the National Company Law Tribunal (NCLT) has clear jurisdiction under Section 60(5) of the Insolvency and Bankruptcy Code (IBC) to hear such matters and pass necessary directions….
Mumbai, March 29 (IANS) The National Stock Exchange (NSE) is set to launch a new crude oil futures contract linked to global benchmark prices from April 13, in a move aimed at strengthening India’s commodity derivatives market.The exchange said it will introduce Dated Brent Crude Oil (Platts) futures in its commodity derivatives segment after receiving approval from the Securities and Exchange Board of India (SEBI).The new contract will be based on the S&P Global Energy (Platts) Dated Bren…
New Delhi, March 25 (IANS) Life Insurance Corporation of India (LIC) on Wednesday said that it has received a massive tax demand from the Income Tax Department for the financial year 2021–22.In its disclosure in a regulatory filing, LIC said the Assessment Unit of the tax department has raised a demand of Rs 61,46,71,18,015 as income tax, along with an additional interest amount of Rs 9,53,25,87,935.The insurer clarified that it plans to challenge this order and will file an appeal before the …
New Delhi, March 25 (IANS) Life Insurance Corporation of India (LIC) on Wednesday said that it has received a massive tax demand from the Income Tax Department for the financial year 2021–22.In its disclosure in a regulatory filing, LIC said the Assessment Unit of the tax department has raised a demand of Rs 61,46,71,18,015 as income tax, along with an additional interest amount of Rs 9,53,25,87,935.The insurer clarified that it plans to challenge this order and will file an appeal before the …
New Delhi, March 24 (IANS) The government has stepped up efforts to help citizens reclaim over Rs 73,000 crore lying unclaimed across banks, insurance companies and mutual funds, with regulators rolling out simplified claim processes, digital tracking platforms and nationwide awareness drives, the Parliament was informed on Tuesday.Minister of State for Finance Pankaj Chaudhary said in Rajya Sabha that unclaimed deposits with public sector banks have crossed Rs 60,500 crore, while regulators are…
Mumbai, March 19 (IANS) India’s stock market has become an attractive destination for foreign investors after the recent correction, a senior official of the market regulator said, highlighting fresh opportunities for global players, including those from Russia.Kamlesh Chandra Varshney, whole-time member of the Securities and Exchange Board of India, said valuations in the Indian equity market now look “quite attractive” following a decline over the past few months.“The correction, which…
Mumbai, March 9 (IANS) India’s capital markets are undergoing a significant transformation, with innovation, intellectual property and new-age businesses increasingly driving value creation, National Stock Exchange (NSE) Managing Director and CEO Ashishkumar Chauhan said on Monday.Addressing industry leaders here, Chauhan highlighted the evolving landscape of India’s financial ecosystem and outlined key priorities and emerging risks for capital markets.“India is steadily moving towards an …