Industry Standards Forum To Facilitate Ease Of Implementation Of Regulations: SEBI

Securities and Exchange Board of India (SEBI), the regulator for capital markets, announced that within the next three to four months, three industry associations will develop guidelines to implement measures concerning the verification of rumors and the fulfillment of environment, social, and governance (ESG) assurance requirements.The associations – Associated Chambers of Commerce...

SEBI Issues Circular To Provide Facility To Remedy Erroneous Transfers In Demat Accounts

In a significant move aimed at enhancing investor protection and facilitating the swift reversal of erroneous transfers in demat accounts, the has issued a new circular, SEBI/HO/MIRSD/MIRSDPoD-1/P/CIR/2023/139, dated August 8, 2023. This circular introduces a streamlined mechanism for the exemption from One Time Password (OTP) requirements for the reversal of mistaken transfers.The...

SEBI Reduces IPO Listing Timeline To T+3 Days

In a significant move aimed at streamlining the Initial Public Offering (IPO) process and bolstering the ease of doing business in India's capital markets, the Securities and Exchange Board of India (SEBI) has announced a reduction in the timeline for listing shares on stock exchanges following the closure of IPOs.The regulatory body has cut the listing timeframe from the current T+6 (where...

The Influencing Industry: Balancing Power, Ethics, and Protection

Social media influencers significantly influence consumer choices, but the rise of incorrect advice and misleading information raises concerns. Blindly following influencers can have adverse consequences, highlighting the need for research and guidance. Regulatory measures and guidelines promote transparency and protect consumers. Influencers must prioritise disclosure, clear communication, due diligence, and understanding of consequences. By adhering to policies, influencers contribute to a...

Need For Regulation Of “Finfluencers” By SEBI

We usually see content creators in our vertical content feed while scrolling our phones, they bring some catchy hook to hold our dopamine, with some graphical editing, they tell you how this reel or shorts is going to help to make money in the stock market, and we keep watching it for hours. Recently a content creator in the finance niche Mr. PR Sundar, a "Finfluencer" who provided financial advice, was banned by the Securities and Exchange Board of India (SEBI). SEBI has highlighted the...

Incorporating Environment, Social And Governance Norms Into Indian Corporations

Environment, Social and Governance (ESG) norms are a set of standards that provide a framework for the company’s operations to have more accountability and transparency and ensures that the operations follow better governance, environmentally friendly measure and social responsibility. Concerning the Environment, it mainly deals with potential climate risks, carbon footprints, deforestation etc. Social deals with how the companies are dealing with the stakeholders, and employees is their ...

Delegation Of Quasi-Judicial Functions By SEBI To Its Members Is Permissible: Kerala High Court

The Kerala High Court recently held that the Securities and Exchange Board Of India (SEBI) can delegate the quasi-judicial functions of the Board to its members if the statute permits such delegation. The court noted that Section 19 of the SEBI Act permits delegation of the function and power of the Board to its members, except the powers under under Section 29, being the rule making power of...

Adani-Hindenburg : Did The Supreme Court Panel Ask The Right Questions?

To get the right answers, one needs to ask the right questions.The expert committee constituted by the Supreme Court in the Adani-Hindenburg case has made a prima facie finding that there is no regulatory failure on the part of the Securities and Exchange Board of India (SEBI) in relation to the Adani group of companies. However, a reading of the 173-page report leaves an impression that the committee has omitted to ask certain right questions. At some places, it seems that the committee has...

Expert Committee Submits Report, Finds No “Regulatory Failure” by SEBI | Adani-Hindenburg Report [Video]

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Adani-Hindenburg : Minister's 2021 Statement In Parliament Not Related To 2016 Investigation, SEBI Tells Supreme Court

In the Adani-Hindenburg matter, Securities and Exchange Board of India (SEBI) on Wednesday filed an affidavit before the Supreme Court clarifying that the statement of the Minister of State for Finance Pankaj Chaudhary in his 2021 reply in the Parliament had no connection with SEBI's 2016 probe over GDR issue against 51 Indian listed companies, of which the Adani group was not a part. As...

Allegation That Adani Companies Were Being Investigated Since 2016 Is Baseless, SEBI Tells Supreme Court

In a rejoinder affidavit filed by the the Securities and Exchange Board of India (SEBI) today in the Supreme Court, the apex regulatory body has given additional reasons for seeking more time to probe into the Adani-Hindenburg issue. “The application for extension of time filed by SEBI is meant to ensure carriage of justice keeping in mind the interest of investors and the...

Adani-Hindenburg Issue : 6 Months More Needed For Conclusive Findings On Prima Facie Violations, SEBI Tells Supreme Court

The Securities and Exchange Board of India has files application in the Supreme Court seeking a six-month extension to complete its probe into allegations made by US-based short seller firm Hindenburg Research against Adani group companies about stock price manipulations.On March 2, the Supreme Court had directed the SEBI to complete the investigation into the Adani-Hindenburg report and...