Source: The post is based on the article “Sebi at age 31. Or is it 35?” published in the Business Standard on 28th April 2023. Syllabus: GS-3: Indian Economy and issues relating to planning, mobilization, of resources, growth, development and employment. Relevance: About the performance of SEBI. News: Securities and Exchange Board of India (SEBI) recently unveiled a new… Continue reading Performance of SEBI: Sebi at age 31. Or is it 35?
Tag: SEBI
Respect regulations
Source: Business Standard Relevance: Changes to minimum public shareholding norms and consequent impact Synopsis: The government’s move to exempt any public sector listed company from complying with the minimum public shareholding norm is undesirable and inappropriate. Background Exempting select PSUs from minimum free float norm reverses govt stance Issues with the latest move Blocked an… Continue reading Respect regulations
Exempting select PSUs from minimum free float norm reverses govt stance
Source: Indian Expres Relevance: Changes to minimum public shareholding norms and consequent impact Synopsis: Recently, the Department of Economic Affairs has amended the Securities Contract (Regulation) Rules, 1957 (SCRR). Contents1 Background2 What is MPS?3 Need for MPS4 Rationale behind the move5 Possible Implications: Background Through a recent notification in the government gazette, the Department of… Continue reading Exempting select PSUs from minimum free float norm reverses govt stance
Non-profit Organisations Can Directly List on Social Stock Exchanges: Sebi Panel
News: Sebi-constituted panel under the chairmanship of Ishaat Hussain has submitted its recommendations on social stock exchange(SSE). Facts: Key Recommendations: Direct listing of non-profit organisations(NGO) through the issuance of bonds and a range of funding mechanisms. Tax Sops: It has recommended exemptions from securities transaction tax (STT) and capital gains tax (CGT) to ensure that… Continue reading Non-profit Organisations Can Directly List on Social Stock Exchanges: Sebi Panel
Sebi puts in place guidelines for listed REIT, InvIT on rights issue
News:The Securities and Exchange Board of India(SEBI) has announced guidelines pertaining to rights issue of units by listed real estate investment trusts (REITs) and infrastructure investment trusts (InvITs). Facts: Key features of the guidelines: The issuer will have to disclose objects of the issue, related-party transactions, valuation, financial details, review of credit rating and the… Continue reading Sebi puts in place guidelines for listed REIT, InvIT on rights issue
SC stays SAT order holding that Sebi lacks power to bar auditors
News:The Supreme Court stayed an order of the Securities Appellate Tribunal (SAT) which had held that markets watchdog Sebi does not have the power to bar auditors. Facts: Background: The Securities and Exchange Board of India(SEBI) had filed an appeal in the Supreme Court against the SAT’s order. The Securities Appellate Tribunal(SAT) in its order… Continue reading SC stays SAT order holding that Sebi lacks power to bar auditors
SEBI sets up panel to suggest norms for social stock exchanges
News:Securities and Exchange Board of India(SEBI) has constituted a working group on Social Stock Exchanges (SSE). Facts: In Budget 2019,Finance Minister had proposed a social stock exchange for social enterprises and voluntary organisations working for social welfare to help them raise capital through debt, equity and mutual fund. About the working group: The working group… Continue reading SEBI sets up panel to suggest norms for social stock exchanges
SEBI tightens norms for liquid funds
News:The Securities and Exchange Board of India (Sebi) has released a circular on risk management framework for liquid funds. Facts: About Liquid funds: Liquid funds belong to the debt category of mutual funds. They invest in very short-term market instruments like treasury bills, government securities among others. They are getting popular with retail investors due… Continue reading SEBI tightens norms for liquid funds
SEBI announces reward of Rs 1 crore to insider trading informants
Securities and Exchange Board of India(SEBI) has approved a detailed set of rules for the new ‘Informant Mechanism’ under its Prohibition of Insider Trading Regulations. However,these rules would only be available to individuals and corporates.But professionals like auditors will not be able to use this route as they are duty-bound to report any wrongdoing. Insider… Continue reading SEBI announces reward of Rs 1 crore to insider trading informants
SEBI should handle proxy firms’ disputes’
Securities and Exchange Board of India(SEBI) had set up a working group on issues related to proxy advisors in 2018.The group was headed by Sandeep Parekh. Proxy adviser is a person who provides advice to institutional investors or shareholder of a company in relation to exercise of their rights in the company including recommendations on… Continue reading SEBI should handle proxy firms’ disputes’
