India

Securities / Derivatives

SEBI Confirms Market Ban for LIC Employee in Front-running Case

By Ajoy K Das | 21/03/2024

An employee of Life Insurance Corporation of India as well as his family members and two family legal entities were banned from the securities market.

Securities / Derivatives

India: Small Cap Fund Investors Would Face Redemption Delays

By Ajoy K Das | 21/03/2024

Mutual fund stress tests reveal delays of up to 30 days in liquidating a quarter of a small-cap portfolio and up to 17 days in the case of a mid-cap portfolio.

Securities / Derivatives

SEBI to Require ‘Audio-Visual’ Disclosures With IPO Offer Documents

By Ajoy K Das | 21/03/2024

Audio-visual representations of disclosures made in IPO offer documents will help investors better understand the features of the offer, SEBI said.

Securities / Derivatives

SEBI Approves Proposal to Allow AIFs to Pledge Equity Shares

By Ajoy K Das | 20/03/2024

SEBI also approved a proposal to require AIFs to carry out specific due diligence of their investors and investments, to enhance trust in the AIF system.

Securities / Derivatives

SEBI Approves Rule Changes to Lower Burden on Listed Companies

By Ajoy K Das | 20/03/2024

Companies will no longer have to maintain a 1% security deposit for public or rights issues of equity shares. They will also have more time to fill KMP vacancies.

Capital / Liquidity

RBI Tightens Scrutiny of High-Risk Lending Models

By Ajoy K Das | 19/03/2024

The RBI is scrutinising mortgage top-up loans, algorithm based credit models, and co-lending arrangements.

Enforcement

US DOJ Probes Adani Group Over Potential Bribery Allegations

By Mark Johnston | 18/03/2024

The latest probe delves into whether an Adani entity was involved in making payments to Indian officials for favourable outcomes on an energy project.

Securities / Derivatives

SEBI to Scale Back Launch of Optional T+0 Settlement Cycle

By Ajoy K Das | 18/03/2024

SEBI said the “beta version” of the optional T+0 settlement system has been approved by its board, but only for a “limited set of 25 scrips” and “with a limited set of brokers”.

Securities / Derivatives

SEBI Exempts Certain FPIs from Additional Disclosure Requirements

By Ajoy K Das | 16/03/2024

SEBI also approved two other proposals, one to relax the timelines for disclosures of material changes, and the other to allow FPIs to reactivate an expired registration.