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Circular on mutual fund scheme mergers soon, says Sebi’s Mahalingam

Saturday, September 30, 2017, 9:24 AM

Circular on mutual fund scheme mergers soon, says Sebi’s Mahalingam

The Securities and Exchange Board of India (Sebi) will issue the circular for merging mutual fund schemes in a week’s time, said G. Mahalingam, whole-time member at the capital markets regulator. Sebi is also working on streamlining the format for compensating distributors, he added. India currently has 42 fund houses managing around Rs 20.6 trillion.

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Hedge funds to report on commodity derivative investments

Friday, September 29, 2017, 7:01 PM

Hedge funds to report on commodity derivative investments

Markets regulator Sebi today asked hedge funds to report about cumulative net investments, made by them in commodity derivatives in a prescribed format. Besides, such funds need to inform about the maximum investment made by them in a single underlying commodity and their monthly exposure. Hedge funds have to submit the monthly/quarterly report in the revised format for the period ended September-30 onwards.

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FPIs can buy corp debt limit worth Rs 9,500-cr in infra sector

Friday, September 29, 2017, 6:15 PM

FPIs can buy corp debt limit worth Rs 9,500-cr in infra sector

Sovereign wealth funds and other long-term foreign portfolio investors (FPIs) can buy up to Rs 9,500 crore worth corporate debt in the infrastructure sector, markets regulator Sebi on Friday said. This comes after RBI's decision to exclude foreign investment in rupee denominated bonds, popularly known as masala bonds, from the combined corporate debt Limit (CCDL).

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Sebi mulls continuous listing norms for stricter oversight

Thursday, September 28, 2017, 9:04 PM

Sebi mulls continuous listing norms for stricter oversight

Working on ways to bolster its surveillance measures, Securities and Exchange Board of India (Sebi) has plans to put in a framework for continuous listing norms for listed entities, according to a regulatory official. The move also comes at a time when multiple agencies and regulators are clamping down on suspected shell companies as part of larger efforts to curb the black money menace.

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Sebi slaps Rs 1.1-cr fine on Crosseas Capital for fraud trade

Thursday, September 28, 2017, 6:44 PM

Sebi slaps Rs 1.1-cr fine on Crosseas Capital for fraud trade

Markets regulator Sebi today imposed a penalty of Rs 1.1 crore on Crosseas Capital Services for indulging in fraudulent trading activities as a stock broker in the shares of Sudar Industries. A probe found that Crosseas Capital had executed self trades leading to false and misleading appearance of trading in the shares of Sudar Industries.

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CMS Info Systems to mop up about Rs 1,000-1,200 cr through IPO

Thursday, September 28, 2017, 4:56 PM

CMS Info Systems to mop up about Rs 1,000-1,200 cr through IPO

Cash management company CMS Info Systems has filed preliminary papers with markets regulator Sebi to mop up about Rs 1,000-1,200 crore through its initial share-sale offering. The company's initial public offer (IPO) is a pure offer for sale. Existing shareholders would sell 4,44,00,000 equity shares in the public issue, according to the draft red herring prospectus (DRHP).

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ICICI Prudential MF files paper for Bharat 22 ETF

Thursday, September 28, 2017, 4:49 PM

ICICI Prudential MF files paper for Bharat 22 ETF

ICICI Prudential Asset Management Company has filed papers to SEBI for an approval to launch Bharat 22 ETF. The open-ended exchange-traded fund will invest at least 95% of its corpus in companies constituting the underlying index, while up to 5% will be deployed in units of liquid or money market MF-schemes, money market instruments, including collateralised borrowing and lending obligations, and cash and cash equivalents.

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P-notes investment hits over 7-year low of Rs 1.25 lakh crore

Thursday, September 28, 2017, 4:23 PM

P-notes investment hits over 7-year low of Rs 1.25 lakh crore

Investments in the domestic capital market through participatory notes plunged to seven and a half year low of Rs 1.25-lakh-crore at August- end because of stringent norms put in place by regulator SEBI. The total value of P-notes investments in Indian markets equity, debt and derivatives -- slumped to Rs 1,25,037-crore at August-end after hitting a five-year-low of Rs 1,35,297-crore at the end of July, according to SEBI data.

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SEBI probe finds jeweller running deposit scheme against RBI Act

Thursday, September 28, 2017, 7:20 AM

SEBI probe finds jeweller running deposit scheme against RBI Act

A SEBI probe has found irregularities in the functioning of Kerala-based Chemmanur International Jewellers, which was running a deposit scheme in the guise of advance payment for gold purchase in violation of the RBI Act. The company’s chairman is Boby Chemmanur and football legend Diego Maradona is its brand ambassador. The alleged illegal-operations of the jeweller have been under the scanner of various financial agencies in the recent years.

News

 
SEBI working on framework to regulate bitcoin market

Thursday, September 28, 2017, 7:15 AM

SEBI working on framework to regulate bitcoin market

India’s market regulator is planning a framework to regulate the country’s bitcoin market, said three persons with direct knowledge of the matter. They declined to be named. In its first meeting on 19-September, the Securities and Exchange Board of India’s recently formed committee on financial and regulatory technologies concluded that it may be crucial to regulate bitcoin transactions to ensure that India’s public issue norms are not breached.

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