SEBI
SEBI Imposes ₹5 Lakh Penalty On Former Blue Coast Hotels CFO For Financial Disclosure Lapses
The Securities and Exchange Board of India (SEBI) on 11 March imposed a penalty of Rs. 5 lakh on Amit Kumar Singhl, former Chief Financial Officer of Blue Coast Hotels Limited, for certifying financial statements that allegedly failed to disclose key liabilities and related party transactions in violation of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Adjudicating Officer Jai Sebastian passed the order, observing: “The role of the Noticee in the established...
SEBI Eases NISM Certification Norms For Sales, Non-Core Staff Associated With Research Services
The Securities and Exchange Board of India (SEBI) on Wednesday introduced a lighter certification requirement for Persons Associated with Research Services (PARS) performing sales and other non-core services, as part of its ease of doing business initiative.“Based on the feedback from market participants and as a step towards ease of doing business, it has been decided to specify a lighter NISM certification module for PARS” the circular statesUnder the SEBI (Research...
SAT Upholds SEBI Order Directing Sahara Group Firm SICCL To Refund ₹14,106 Crore Raised Through OFCDs
The Securities Appellate Tribunal (SAT) at Mumbai on Monday dismissed appeals filed by Sahara India Commercial Corporation Limited (SICCL) and its directors challenging SEBI's directions to refund Rs 14,106 crore raised from nearly 1.98 crore investors through Optionally Fully Convertible Debentures (OFCDs). A coram of Presiding Officer Justice P.S. Dinesh Kumar and Technical Members Meera Swarup and Dr. Dheeraj Bhatnagar passed the order. It observed, “We have already held that the issue was...
SEBI Introduces Voluntary Debit Freeze Facility For Mutual Fund Folios
The Securities and Exchange Board of India has introduced a voluntary lock-in / debit freeze facility for mutual fund folios across demat and non-demat folios.As per the circular, the facility will enable investors to freeze debit transactions in their mutual fund folios. According to SEBI, this will ensure that no units are debited from the folio until the investor unlocks it.In the first phase, the facility will be made available through the inter-operable Registrar and Transfer Agents (RTA)...
SEBI Issues New Comprehensive Guidelines For Custodians, Mandates Segregation Of Activities
The Securities and Exchange Board of India (SEBI) on Wednesday issued a circular setting out comprehensive guidelines for custodians, pursuant to amendments to the SEBI (Custodian) Regulations, 1996 notified on 18 September 2025. The circular prescribes detailed norms on the segregation of activities, permitting custodians to carry out other financial services through Strategic Business Units, subject to safeguards such as maintaining separate accounts and compliance with net-worth...
SEBI Imposes ₹29 Lakh Penalty on Café Coffee Day Parent, Directors and Senior Officials Over Disclosure Failures
The Securities and Exchange Board of India (SEBI) on Monday imposed penalties totalling Rs 29 lakh on Coffee Day Enterprises Ltd., the parent company behind once popular coffee chain Café Coffee Day, and its directors and former senior officials. The penalty was for failing to recognise Rs 489.49 crore in interest expenses on borrowings in its financial statements over multiple years. SEBI Adjudicating Officer Amit Kapoor held that anticipated settlements with lenders could not justify...
SEBI Tightens Norms for Green Debt Securities, Mandates Independent Reviewers
The Securities and Exchange Board of India (SEBI) on 27 February, revised the norms governing the appointment of independent third-party reviewers or certifiers for green debt securities. Green debt securities are bonds or similar instruments issued to raise funds specifically for environmentally sustainable projects, such as renewable energy, clean transportation, or energy efficiency initiatives. The move aligns the requirements for green debt instruments with the framework applicable to...
SEBI Imposes ₹99 Lakh Penalty On Mediaone Global For Fund Diversion And Financial Manipulation
The Securities and Exchange Board of India (SEBI) on 27 February imposed a penalty of Rs. 99 lakh on Mediaone Global Entertainment Ltd. and its key directors for diversion of funds, round-tripping, and large-scale manipulation of financial statements. The order was passed by SEBI's Chief General Manager N. Murugan, who held that the company had engaged in falsification of accounts and dissemination of misleading financial information to investors, warranting monetary penalties. He wrote: “The...
SEBI Cautions Against Fraudsters Offering To Manage Trading Accounts For Profit Share
The Securities and Exchange Board of India (SEBI) has issued a press release warning investors against stock market scams carried out through “account handling” services.SEBI stated that certain individuals, portraying themselves as experts, are offering account handling services to help investors invest in the securities market. These persons claim to generate risk free profits in investors' trading accounts. They typically specify a minimum capital requirement and charge a percentage share of...
SEBI Warns Public Against Fake STT Notices Seeking Outstanding Payments
The Securities and Exchange Board of India on Thursday issued a press release warning the public against fake Securities Transaction Tax notices.SEBI stated that fraudsters are circulating fake notices falsely claiming to have been issued under the SEBI Act, 1992, seeking compliance with STT under the Finance Act, 2004. According to SEBI, these fake notices use forged SEBI letterheads and request for payments for outstanding STT amounts. The regulator said that no such notices have been issued...
SEBI Drops LBMA Benchmark, Mandates Exchange Spot Prices For Gold And Silver Fund Valuation
The Securities and Exchange Board of India (SEBI) on Thursday issued a circular revising the valuation norms for physical gold and silver held by mutual fund schemes.Under the existing regulatory framework, physical gold and silver held by Gold and Silver Exchange Traded Funds are valued at the AM fixing prices of the London Bullion Market Association. The final valuation is arrived at after adjusting the LBMA prices for necessary metric and currency conversions, transportation costs, customs...
SEBI Directs Regulated Entities To Disclose Registration Numbers On Social Media Posts
The Securities and Exchange Board of India (SEBI) on Thursday issued a circular directing all persons regulated by the Board and their agents to prominently disclose their registered name and registration number on social media platforms when posting content related to the securities market. “With the rapid increase in the use and acceptance of social media, a need is felt to distinguish contents related to securities market uploaded/posted by the persons regulated by the Board (hereafter...