The Securities and Exchange Board of India (SEBI) has notified 2nd amendment in Issue and Listing of Debt Securities (ILD) which shall come

Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) planning to expand business outside the Securities and Exchange Board of India (SEBI’s) purview. The exchanges are seeking approval for the same. The proposal has been sent to the SEBI committee, headed by former Reserve Bank of India Deputy Governor. The approval could concrete way for … Continue reading “BSE, NSE Plan to grow Business outside SEBI’s Domain”

Securities and Exchange Board of India (SEBI) vide CIR/HO/MIRSD/MIRSD2/CIR/P/2017/124 dated November 30, 2017, provided its clarification to circular no. CIR/HO/MIRSD/MIRSD2/CIR/P/2017/108 dated September 26, 2017, on Prevention of Unauthorized Trading by Stock Brokers. Brokers are required to maintain the records specified at para 3 of aforementioned circular for a minimum period of 3 years and if … Continue reading “Clarification with respect to maintaining of records by Stock Broker”

Securities and Exchange Board of India (SEBI) penalized singleton of Rs. 30 Lakh for violating AIF norms pertaining to alternative investment fund. The sponsor’s initial contribution before June 29, 2015 was Rs 5 crore in India Growth Opportunities Fund (IGOF), however, after June 30, 2015, it was reduced to Rs 3.13 crore. Since, the money … Continue reading “SEBI penalized 2 singleton for violating the AIF norms”