SEBI Introduces New Guidelines To Enhance Credit Rating Agency Operations

The Securities and Exchange Board of India (SEBI) has released a new set of guidelines designed to streamline operations and enhance business ease for Credit Rating Agencies (CRAs). These new regulations, set to take effect from August 1, 2024. One of the changes introduced by SEBI is the establishment of specific timelines for various actions taken by CRAs. Previously, timelines were only specified for the initial rating reporting. The new guidelines now extend these timelines to...

SEBI Releases Master Circular On Surveillance of Securities Market

The Securities and Exchange Board of India (SEBI) has recently issued Master Circular on the Surveillance of the Securities Market. Under the new guidelines, SEBI mandates that trading in certain securities, including those affected by corporate actions such as mergers, demergers, and capital reductions, must initially occur in the Trade for Trade (TFT) segment. Trade for Trade segment refers to a trading mechanism where transactions are settled on a trade-to-trade basis. This means...

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SEBI Seeks Public Input On Amendments To REITs And InvITs Master Circulars

The Securities and Exchange Board of India (SEBI) has initiated a public consultation on proposed amendments to the master circulars governing Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs). In a recent consultation paper, SEBI highlighted that the proposed changes respond to requests from market participants for clearer guidelines on the nomination process for unitholder nominee directors. Currently, under existing norms, unitholders with a...

Groww Settles SEBI Violations, Pays Rs 9 Lakh Following Regulatory Review

Groww Asset Management Ltd, formerly known as India bulls Asset Management Company Ltd, along with Groww Trustee Ltd, has reached a settlement with the Securities and Exchange Board of India (SEBI) regarding alleged violations of regulatory norms. This settlement came into effect with payment of Rs 9 lakh by the applicants to SEBI. The settlement stems from a suo motu application filed by Groww Asset Management and Groww Trustee, wherein they neither admitted nor denied the findings of...

SEBI Settlement: SBICAP Trustee Company Ltd Agrees To Rs 25.08 Lakh Payment Over Regulatory Violations

SBICAP Trustee Company Ltd, a subsidiary of SBI Capital Markets Ltd, has reached a settlement with the Securities and Exchange Board of India (SEBI) concerning alleged violations of debenture trustee regulations. The settlement, prompted by an application from SBICAP to SEBI, requires the company to make a payment of Rs 25.08 lakh. The resolution pertained to SEBI's issuance of a show cause notice which alledged that SBICAP inadequately disclosed information on its website regarding...

SEBI Cancels Registration Of LFS Broking And Bars MD For Violating Market Norms

The Securities and Exchange Board of India (SEBI) has revoked the registration of LFS Broking and imposed a five-year ban on its Managing Director, Saiyad Jiyajur Rahaman, from engaging with any registered intermediary. SEBI's order stated multiple infractions committed by LFS Broking and its MD. The investigation noted that LFS Broking allowed the misuse of its registration certificates in collusion with Rahaman and facilitated the illegal mobilization of funds from investors....

More The Surges In Stock Market, Greater The Role Of SEBI & SAT In Ensuring Stability: CJI DY Chandrachud

Chief Justice of India DY Chandrachud highlighted the crucial role of the Securities and Exchange Board of India (SEBI) and the Securities Appellate Tribunal (SAT) amidst surges in the stock market. Speaking at the inauguration of SAT's new premises and website in Mumbai on Thursday, CJI Chandrachud emphasized the need for SEBI and SAT to exercise caution and ensure stability while celebrating market successes."The more you see the surge in the stock market, the greater the role, I believe, for...

SEBI Fines Rs 3.75 Crore On Former Kwality Ltd. Executives For Financial Misrepresentation

The Securities and Exchange Board of India (SEBI) has imposed a fine against former senior management of Kwality Ltd for their involvement in misstating financial figures between FY 2017 and FY 2019. SEBI has imposed fines totalling Rs 3.75 crore on Sanjay Dhingra, the former Chairman and Managing Director; Sidhant Gupta, former Executive Director and non-executive Director; and Satish Kumar Gupta, former Chief Financial Officer (CFO). Sanjay Dhingra and Sidhant Gupta have been fined Rs...

SEBI Bars Proprietor Of GN Traders for Illegal Investment Advisory Services

The Securities and Exchange Board of India (SEBI) has imposed issued an order against Kashif Siddique, the proprietor of GN Traders, for his involvement in illegal investment advisory services. SEBI has barred Siddique from operating in the securities market for two years and imposed a fine of Rs 11 lakh. Additionally, he has been directed to refund Rs 1.40 crore, which he collected as fees from his clients. SEBI's order stated that he received amounts as investment advisory fees...

SEBI Imposes Two-Year Market Ban On 4W Wealth Management And Directors, Orders Refund Of Rs12.83 Crore For Illegal Investment Advisory Services

The Securities and Exchange Board of India (SEBI) has ordered a two-year market ban against 4W Wealth Management Pvt Ltd, along with the firm's directors, Bhavesh P Bhensdadia, Rinkalkumar Mohanbhai Chopda, Vivek Laxmanbhai Patel, Nileshbhai Chandubhai Patel, and Parth Kanubhai Patel. The order also involved a mandate to refund Rs12.83 crore collected as fees from investors, due to illegal investment advisory operations and misleading investor activities. In September 2023, SEBI issued ...

SEBI Approves Norms To Regulate 'Finfluencers' Amid Rising Concerns

The Securities and Exchange Board of India (SEBI) has approved norms for regulating unregistered financial influencers, commonly referred to as 'finfluencers.' This decision comes amid growing concerns over the potential risks associated with these influencers, who often provide financial advice and recommendations without proper regulation. In a recent board meeting, SEBI approved a set of norms for curbing the influence of unregistered finfluencers. The regulator stated that it is...