SEBI bars Bombay Dyeing, Ness Wadia, others from securities market for up to two years; imposes fines of ₹15.75 crore

SEBI bars Bombay Dyeing, Ness Wadia, others from securities market for up to two years; imposes fines of ₹15.75 crore

Others banned and penalised by the SEBI are — Scal Services Limited, a Wadia Group company, its then directors D. S. Gagrat, N. H. Datanwala Shailesh Karnik, R.  Chandrasekharan and Durgesh Mehta, who was joint managing director and chief financial officer of Bombay Dyeing. Others banned and penalised by the SEBI are — Scal Services […]

Continue Reading
SEBI bars Bombay Dyeing, Ness Wadia, others from securities market for up to two years; imposes fines of ₹15.75 crore

SEBI orders Brickwork Ratings to shut down in six months

The regulator cited failure on the part of the rating agency to “exercise proper skill, care and diligence, while discharging its duties as a credit rating agency”. The regulator cited failure on the part of the rating agency to “exercise proper skill, care and diligence, while discharging its duties as a credit rating agency”. Market […]

Continue Reading
SEBI penalises 10 entities for diverting IPO proceeds in Birla Pacific Medspa case

SEBI penalises 10 entities for diverting IPO proceeds in Birla Pacific Medspa case

The order came after SEBI conducted an investigation into the initial public offer of Birla Pacific Medspa Ltd (BPML) for the period July 7 to 15, 2011 The order came after SEBI conducted an investigation into the initial public offer of Birla Pacific Medspa Ltd (BPML) for the period July 7 to 15, 2011 Capital […]

Continue Reading
SEBI tightens IPO rules; mandates issuer to disclose offer price based on past transactions, fund raising

SEBI tightens IPO rules; mandates issuer to disclose offer price based on past transactions, fund raising

The move came against the backdrop of many new-age companies, that do not have a track record of having an operating profit at least in the preceding three years, tapping the IPO route to raise funds The move came against the backdrop of many new-age companies, that do not have a track record of having […]

Continue Reading
SEBI bans The Apex Global, its proprietor from markets for four years

SEBI bans The Apex Global, its proprietor from markets for four years

SEBI found that The Apex Global and its proprietor Yadunath Singh Thakur were engaged in the business of providing investment advice to their clients SEBI found that The Apex Global and its proprietor Yadunath Singh Thakur were engaged in the business of providing investment advice to their clients Markets regulator SEBI has barred The Apex […]

Continue Reading
Buch says SEBI has no role in IPO pricing of new-age tech firms

Buch says SEBI has no role in IPO pricing of new-age tech firms

Sebi has “no business” suggesting IPO pricing for new-age tech companies, and it is the investment bankers who should allay any concerns around the issue, chairperson Madhabi Puri Buch said on Tuesday. Ms. Buch, an investment banker-turned-regulator, said that companies need to be more forthcoming on disclosures on how valuations have changed between a pre-initial […]

Continue Reading
Sebi imposes ₹2 crore fine on Rana Kapoor in Yes Bank AT-1 bonds case

Sebi imposes ₹2 crore fine on Rana Kapoor in Yes Bank AT-1 bonds case

Capital markets regulator Sebi on September 7 imposed a penalty of ₹2 crore on former Yes Bank MD and CEO Rana Kapoor for mis-selling the private sector lender’s AT-1 bonds. He has been directed to pay the fine within 45 days, the Securities and Exchange Board of India (Sebi) said in its order. The case […]

Continue Reading
SEBI seeks information on unclaimed non-convertible securities

SEBI seeks information on unclaimed non-convertible securities

The information has been sought from entities that do not fall within the definition of ‘company’ under the Companies Act 2013 The information has been sought from entities that do not fall within the definition of ‘company’ under the Companies Act 2013 The Securities & Exchange Board of India (SEBI) has directed all entities that […]

Continue Reading
SEBI permits FPIs to participate in exchange-traded commodity derivatives market

SEBI permits FPIs to participate in exchange-traded commodity derivatives market

Markets regulator SEBI on June 29 allowed Foreign Portfolio Investors to participate in the exchange-traded commodity derivatives market. At its board meeting, the watchdog also cleared amendments to regulations governing mutual funds and portfolio managers. According to a statement, the board has approved SEBI Annual Report: 2021-22. The report will be submitted to the Central […]

Continue Reading