SEBI
SEBI Allows Processing Of Vishvaraj Environment IPO Documents After RBI Regularises Violations
The Securities and Exchange Board of India (SEBI) on Friday disposed of proceedings initiated in relation to the proposed Initial Public Offering (IPO) of Vishvaraj Environment Limited, observing that the regulatory violations flagged by the Reserve Bank of India had been subsequently regularized.SEBI's Whole Time Member Kamlesh Chandra Varshney passed the order.“The department is advised to process the offer documents in regular course and carry out their due diligence as done in any other...
JP Morgan Chase Bank Settles SEBI Proceedings Over FPI Regulation Violations For ₹34.42 Lakh
US-based banking major J.P. Morgan Chase Bank on Friday settled proceedings that may be initiated with the Securities and Exchange Board of India in relation to alleged violations of Foreign Portfolio Investor (FPI) regulations upon payment of Rs 34.42 lakh as a settlement amount.The order was passed by Whole Time Members Kamlesh Chandra Varshney and Amarjeet Singh in exercise of powers under the SEBI Settlement Regulations.JP Morgan Chase Bank had filed a suo motu settlement application under...
SEBI Penalises 18 Entities ₹2.8 Crore For Manipulating RGRL Scrip Through Telegram Stock Tips
The Securities and Exchange Board of India has imposed penalties totalling Rs 2.8 crore on 18 noticees in the matter of Retro Green Revolution Limited (RGRL), in proceedings involving 21 noticees accused of manipulating the company's shares through Telegram stock tips and synchronized trading. SEBI also barred eight noticees from accessing the securities market and ordered disgorgement of Rs 2.94 crore with interest from two noticees linked to the Choksi group, who were found to be the ultimate...
SEBI Proposes To Simplify Nomination Rules For Demat, Mutual Funds; Suggests Cutting Nominee Limit To 4
The Securities and Exchange Board of India (SEBI) has recently issued a consultation paper proposing to simplify nomination norms for demat accounts and mutual fund folios after operational difficulties were reported in implementing its January 10, 2025 circular that had revamped the nomination framework. In the January circular, SEBI had made nomination mandatory for single holders, allowed up to ten nominees, required detailed nominee information, and introduced a facility enabling a nominee...
Standard Chartered Bank Settles SEBI Proceedings, Pays ₹57.20 Lakh Over FPI Lapses
Standard Chartered Bank has settled adjudication proceedings with SEBI after paying Rs 57.20 lakh to resolve alleged lapses as a Designated Depository Participant relating to Foreign Portfolio Investors (FPIs).SEBI's Adjudicating Officer Sudeep Mishra passed the settlement order, disposing of the proceedings in terms of SEBI Act, 1992 and SEBI (Settlement Proceedings) Regulations, 2018.SEBI alleged that the bank failed to timely report material changes relating to beneficial ownership of FPIs,...
SEBI Revises Core Settlement Guarantee Fund Coverage Norms For Commodity Derivatives Segment
The Securities and Exchange Board of India (SEBI) on Monday issued a circular revising the norms related to Core Settlement Guarantee Fund (Core SGF) in the commodity derivatives segment.Under the revised framework, clearing corporations must calculate credit exposure assuming the simultaneous default of at least three clearing members (and their associates) causing the highest credit exposure. Earlier, the framework required credit exposure assuming simultaneous default of at least 2 clearing...
Dr Sadanand Date Takes Charge As SEBI Executive Director, Will Oversee Investigations Department
Dr. Sadanand Date, a 2007-batch IPS officer of the Uttarakhand cadre, took charge as Executive Director of the Securities and Exchange Board of India (SEBI) in Mumbai on March 4, 2026, and will oversee the investigations department, the regulator said in a press release dated March 13. Date was earlier on central deputation to the Central Bureau of Investigation (CBI), where he served in various capacities, including as SP ACB/BSFC, and headed the Economic Offences Branch, Special Crime Branch,...
SEBI Imposes ₹10 Lakh Penalty On Anand Rathi Share And Stock Brokers For Cyber Security And Compliance Lapses
The Securities and Exchange Board of India (SEBI) on Friday imposed a penalty of Rs 10 lakh on Anand Rathi Share and Stock Brokers Limited for violations of cybersecurity and cyber resilience requirements under the SEBI (Stock Brokers) Regulations, 1992, and applicable SEBI and exchange circulars. SEBI Adjudicating Officer Amit Kapoor passed the order after holding that the broker had failed to comply with provisions of the Stock Brokers Regulations and the Cyber Security and Cyber Resilience...
SEBI Allows Intraday Borrowing By Mutual Funds To Bridge Inflow–Outflow Mismatch From April 1, 2026
The Securities and Exchange Board of India (SEBI) on Friday issued a circular allowing mutual funds to undertake intraday borrowings from banks or financial institutions to bridge temporary timing mismatches between inflow and outflow of funds. SEBI noted that redemption payouts to investors are often processed in the morning, while maturity proceeds from instruments such as TREPS or reverse repos are received in the evening hours of the same day, creating a temporary timing mismatch. To...
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...