SEBI Mandates Direct Transfer Of Securities To Client Demat Accounts

The Securities and Exchange Board of India (SEBI) has issued new guidelines mandating the direct transfer of securities to clients' demat accounts by clearing corporations. These guidelines, outlined in a circular titled "Enhancement of operational efficiency and Risk Reduction--Pay out of securities directly to client demat account," will come into effect from October...

SEBI Lowers Turnover Threshold For Agricultural Commodity Options To Rs 100 Crore

The Securities and Exchange Board of India (SEBI) has announced change in the regulatory requirements for launching options contracts on agricultural and agri-processed commodities. Effective from June 1, 2024, the average daily turnover requirement for these futures contracts has been reduced from Rs 200 crore to Rs 100 crore. This decision was based on representations...

HSBC Asset Management And Trustees Settle SEBI Charges Over Fund Mismanagement With Rs 23.92 Lakh Payment

HSBC Asset Management (India) Pvt Ltd, along with four of its trustees, has resolved a regulatory issue with the Securities and Exchange Board of India (SEBI) by paying a settlement amount of Rs 23.92 lakh. The trustees involved in the settlement are Jasmine Batliwala, Nani Javeri, Ho Wai Fun, and Dr. TC Nair. The issue originated from allegations that HSBC AMC did not...

SEBI Issues Guidelines For Investor Protection And Services Funds

The Securities and Exchange Board of India (SEBI) has issued comprehensive guidelines for the establishment and management of Investor Protection Fund (IPF) and Investor Services Fund (ISF). Key Points of the Guidelines All stock exchanges are mandated to set up an IPF, administered through a separate trust. The IPF Trust will consist of five trustees: three Public Interest...

SEBI Proposes Inclusion Of Green Credits And Redefinition Of Value Chain Partners Under BRSR Framework

The Securities and Exchange Board of India (SEBI) has proposed amendments to the Business Responsibility and Sustainability Reporting (BRSR) framework. These proposals, coming from recommendations by an Expert Committee chaired by Shri S.K. Mohanty, ex-Whole Time Member of SEBI, aim to streamline regulations. The proposals can be traced back to the Union Budget for FY...

JM Financial And Six Others Settle With SEBI, Pay Over Rs 23 Lakh In Regulatory Violation Case

Seven entities, including JM Financial Ltd and six individuals, have collectively paid a settlement amount of a little over Rs 23 lakh to the Securities and Exchange Board of India (SEBI) to resolve a case concerning alleged violations of various regulations. According to SEBI's order dated May 21, 2024, JM Financial Ltd has paid Rs 15 lakh as a settlement fee, while six individuals...

Companies Can Retain DVR Shares with Differential Voting & Dividend Rights Issued Before SEBI's Restrictive Circular: SEBI

The Securities and Exchange Board of India (SEBI) has clarified that companies can retain Differential Voting Rights (DVR) shares with their original differential voting and dividend rights, provided these shares were issued before SEBI's restrictive circular of July 2009. Jagatjit Industries Limited (JIL), a public limited company engaged in the production of alcoholic beverages,...

SEBI Introduces Changes to Market Capitalisation Computation and Rumour Verification Regulations

The Securities and Exchange Board of India (SEBI) has announced significant modifications to its Listing Obligations and Disclosure Requirements (LODR) regulations, affecting how market capitalisation of listed companies is computed and introducing new protocols for market rumour verification. Revised Market Capitalisation Computation Method SEBI has shifted from a single-day...

SEBI Issues Show Cause Notices to Seven Adani Group Companies for Regulatory Violations In Fiscal Year 2024

In the fiscal year 2024, seven out of the ten listed companies of the Adani Group were issued show cause notices by the Securities and Exchange Board of India (SEBI). These notices, which were issued during the fourth quarter stated violations including non-compliance with listing agreements and related party transaction norms. Despite these allegations, the companies reported that...

SEBI Issues Comprehensive Master Circular For ESG Rating Providers

The Securities and Exchange Board of India (SEBI) has released a Master Circular specifically aimed at Environmental, Social, and Governance (ESG) Rating Providers (ERPs). This circular, announced on July 12, 2023, consolidates existing guidelines and regulations under the Securities and Exchange Board of India (Credit Rating Agencies) Regulations, 1999 (CRA...

SEBI Amends Buy-Back Regulations To Exclude Material Price Movements

The Securities and Exchange Board of India (SEBI) has introduced amendments to the SEBI (Buy-Back of Securities) Regulations, 2018, via the SEBI (Buy-Back of Securities) (Amendment) Regulations, 2024. These changes, effective from May 17, 2024, focus on excluding the impact of material price movements and confirmed events when determining the volume-weighted average market price...

A Comprehensive Overview Of The Proposed Clampdown On Fin Influencers

The Securities Exchange Board of India released a “Consultation Paper on Association of SEBI Registered Intermediaries/Regulated Entities with Unregistered Entities (including Finfluencers)”, the objective of the same being to seek comments from the public. The SEBI with this paper seeks to regulate the Finfluencers which are usually unregistered. An influencer is a person who has the access and power to attract people and can influence other people's decisions. Furthermore, Finfluencers or...