Securities And Exchange Board Of India

  • Workers fear uncertain future as UP Stock Exchange fails to comply with Sebi guidelines June 23, 2014

    As the UP Stock Exchange faces the risk of de-recognition for not being able to comply with Sebi guidelines, workers at the 30-year-old bourse say they are looking at an uncertain future. According to Sebi regulations a bourse not having a minimum turnover of Rs 1,000 crore and a networth of...
  • Sahara chief to remain in jail as SC lifts freeze on assets June 4, 2014

    Sahara group chief Subrata Roy will remain in jail even as the Supreme Court on Wednesday lifted the freeze on the group's moveable and immovable assets so it could raise Rs.10,000 crore for part repayment to investors. The apex court March 26, 2014 had said Sahara Group will deposit Rs.10,000 crore...
  • SEBI rejigs committee on investor education and protection January 27, 2014

    Mumbai: Market regulator SEBI has revamped its advisory committee that provides suggestions on issues related to investor education and protection activities. The Securities and Exchange Board of India (SEBI) had formed the advisory committee for 'Investor Protection and Education Fund (IPEF)' in 2009. The committee is mandated to recommend investor education...
  • SC tells Sahara not to sell property, its directors not to leave India November 21, 2013

    New Delhi: The Supreme Court has restrained directors of Sahara group of companies from leaving the country. The apex court has also restrained Sahara group from selling any property. The order was passed after the court ruled out that Sahara has not complied with SC directions to furnish title deeds of...
  • Defaulters have not paid Rs 121.8 crore as penalty: SEBI October 20, 2013

    New Delhi: Securities market regulator SEBI has told a Parliamentary panel that prosecution proceedings initiated by it against defaulters have not proved to be an effective deterrent due to "delays" associated with the criminal justice system of the country. It also said that defaulters are yet to cough up Rs 121...
  • Lucknow bench of Allahabad HC issues notice to SEBI, Sahara Q Shop September 9, 2013

    The Lucknow bench of the Allahabad High Court (HC) on Monday issued notice to the Securities and Exchange Board of India (SEBI) and Sahara Q Shop Limited, over a scheme launched some years ago. The bench of Justice Devi Prasad Singh and Justice Ashok Pal Singh also directed counsel of the...
  • SEBI starts rule-making process for newly granted powers August 26, 2013

    Pursuant to an ordinance promulgated by the government last month, the powers of SEBI (Securities and Exchange Board of India) officials have been widened to include search and seizure, attachment of properties, arrest and detention of defaulters and disgorgement orders to recover wrongful gains. Officials have been empowered to seek the...
  • Sebi declares unauthorised investment schemes as 'fraudulent' August 12, 2013

    Mumbai: To curb rising instances of public getting defrauded by money pooling schemes, capital market regulator Sebi on Monday decided to declare illegal mobilisation of funds as a "fraudulent and unfair trade practice". Besides, the Securities and Exchange Board of India (Sebi) has clarified that the existing list of activities...
  • Sebi gets more powers; can arrest, detain defaulters July 22, 2013

    New Delhi: In a major upgrade of powers given to Sebi, the government has allowed it to pass orders like search and seizure, attachment of properties, arrest and detention of defaulters and pass disgorgement directions to recover the wrongful gains made in contravention of laws. At the same time, the government...
  • Govt approves proposal to give Sebi more powers July 17, 2013

    New Delhi: The government on Wednesday approved a proposal to amend Sebi Act for providing more powers to the market regulator to crack down on ponzi schemes. The decision, which will also give Sebi powers to conduct search and seizure operations and access call data records, was taken at a...
  • Sebi eases entry norms for market entities for debt membership June 26, 2013

    Mumbai: As part of efforts to boost the country's debt market, market regulator Sebi on Tuesday eased the entry norms for market entities and waived off the deposit and annual fee for those already registered for other segments. For membership of debt segment, the Securities and Exchange Board of India (Sebi)...
  • SEBI orders freezing of corporate benefits of over 105 private firms June 5, 2013

    New Delhi: The Securities and Exchange Board of India (SEBI) has ordered the freezing of the voting rights and corporate benefits of over 105 private firms. These private firms have failed to meet the minimum public shareholding requirement. The private firms, have faltered in attaining the minimum 25 per cent public...
  • SEBI to ease regulations for securities borrowing, lending May 30, 2013

    Mumbai: The Securities and Exchange Board of India (SEBI) said on Thursday it would increase the number of stocks that are allowed to be used for borrowing and lending, thus relaxing short-selling rules. SEBI said it would allow stocks that meet several criteria, including average monthly turnover of at least RS...
  • SEBI begins repayment process in Sahara case May 14, 2013

    New Delhi: In the high profile Sahara case involving over Rs 24,000 crore raised through "various illegalities", market regulator SEBI has begun the process of refund to individual investors who have been verified by it. The money is being refunded only in those cases where SEBI has not found any...
  • There should be a single regulator for all collective schemes: SEBI May 1, 2013

    New Delhi: With lakhs of investors believed to have been defrauded by Ponzi schemes in West Bengal, Securities and Exchange Board of India (SEBI) chairman UK Sinha on Wednesday said there should be a single regulator for all collective investment schemes, including chit funds. "Within the powers given to us,...
  • SEBI moves SC seeking detention of Sahara chief Subrata Roy March 15, 2013

    Market regulator SEBI on Friday moved the Supreme Court seeking detention of Sahara group promoter Subrata Roy Sahara and barring him from leaving the country after two companies of the group failed to comply with court's order to refund Rs 24,000 crore to its investors. ...
  • SEBI moves SC seeking Sahara chief Subrata Roy's detention March 15, 2013

    New Delhi: The Securities and Exchange Board of India has moved the Supreme Court, asking for the detention of Sahara Group Chairman Subrata Roy for not following the court's orders. Two companies of the Sahara Group were ordered to refund Rs 24,000 crore to subscribers. The Supreme Court will hear...
  • SEBI freezes Sahara accounts including Subroto Roy February 14, 2013

    New Delhi: The Securities and Exchange Board of India (SEBI) cracked down on the Sahara Group and on Wednesday froze accounts of Sahara India Real Estate Corporation and Sahara Housing Investment Corporation. Sources said that nearly 100 accounts, including that of promoter Subroto Roy, have been frozen. The crackdown comes as...
  • SEBI warns bond holders of 2 Sahara companies October 27, 2012

    New Delhi: The Sahara Group found itself in trouble on Saturday after market regulator Securities and Exchange Board of India (SEBI) issued a public warning to bond holders of two of its companies. The notice said that SEBI had received complaints from investors that they were being forced by Sahara...
  • No settlement in cases of insider trading: SEBI May 26, 2012

    New Delhi: Taking a tough stand on insider trading and other serious offences, market regulator SEBI on Friday decided to exclude these violations from the consent order, a window available for settling disputes on payment of a fee. The modified guidelines, issued by the Securities and Exchange Board of India (SEBI),...
  • India Inc mobilised Rs 791.8 cr in Feb: SEBI April 16, 2012

    Mumbai: Market regulator Securities and Exchange Board of India (SEBI) on Monday said India Inc mobilised only Rs 791.8 crore in the primary market through five issues during February, 2012, registering a decline of 93.5 per cent over the previous month. Corporates had mobilised Rs 12,126.6 crore through four issues in...
  • SEBI notifies new takeover norms September 23, 2011

    Mumbai: SEBI on Friday notified new takeover rule under which an entity buying 25 per cent stake in a listed firm will have to mandatorily make an open offer to buy an additional 26 per cent shares from public. The new norms will be applicable 30 days from notification. The new norms...
  • Don't rely on our Satyam audit: PricewaterhouseCoopers January 14, 2009

    New Delhi: In a curious twist to the Satyam Computer Services fraud, its erstwhile auditors PricewaterhouseCoopers have said their opinion on the financials of the beleaguered company may be rendered "inaccurate and unreliable". In a letter to the new board of Satyam, the audit firm said the statement by the former...
  • Bringing Satyam auditor PwC to book may not be easy January 9, 2009

    New Delhi: Satyam chairman Ramalinga Raju's letter incriminating himself of fraud and tainting the auditors with negligence or worse has been enough for Securities and Exchange Board of India (SEBI) to spring into action, but the Institute of Chartered Accountants of India (ICAI) says it cannot direct the auditors...
  • Tribunal stays Sebi's orders in IPO scam June 17, 2007

    New Delhi: The Securities Appellate Tribunal on Friday asked the Securities and Exchange Board of India (Sebi) to complete the inquiry first before passing the disgorgement order in IPO scam issued against depository participants. Eventually, the Tribunal has stayed Sebi’s disgorgement orders against two depositories, National Securities Depository and Central Depository...