SEBI Fines Berkeley Securities Ltd Rs. 9 Lakh For Regulatory Violations

The Securities and Exchange Board of India (SEBI) has levied a fine of Rs. 9 lakh on Berkeley Securities Ltd, a SEBI-registered stock broker, for multiple infractions of regulatory norms.Berkeley Securities was found to have misused credit balance client funds on several occasions. This misuse involved utilizing funds meant for credit balance clients to meet obligations of debit balance...

SEBI Introduces New Guidelines To Enhance Credit Rating Agency Operations

The Securities and Exchange Board of India (SEBI) has released a new set of guidelines designed to streamline operations and enhance business ease for Credit Rating Agencies (CRAs). These new regulations, set to take effect from August 1, 2024. One of the changes introduced by SEBI is the establishment of specific timelines for various actions taken by CRAs. Previously, timelines...

SEBI Releases Master Circular On Surveillance of Securities Market

The Securities and Exchange Board of India (SEBI) has recently issued Master Circular on the Surveillance of the Securities Market. Under the new guidelines, SEBI mandates that trading in certain securities, including those affected by corporate actions such as mergers, demergers, and capital reductions, must initially occur in the Trade for Trade (TFT) segment. Trade for...

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If you are a corporate law enthusiast, you would know how important/relevant is the knowledge of Company law. The major chunk of functioning of law firms dealing with the corporate side of law rests on company law and thus it becomes imperative for any law student, lawyer, company secretary, transaction lawyer, compliance lawyer, Independent advocate or anyone seeking to work in a corporate firm to gain theoretical & practical knowledge on company law. Thus, Bettering Results, in...

SEBI Seeks Public Input On Amendments To REITs And InvITs Master Circulars

The Securities and Exchange Board of India (SEBI) has initiated a public consultation on proposed amendments to the master circulars governing Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs). In a recent consultation paper, SEBI highlighted that the proposed changes respond to requests from market participants for clearer guidelines on...

Groww Settles SEBI Violations, Pays Rs 9 Lakh Following Regulatory Review

Groww Asset Management Ltd, formerly known as India bulls Asset Management Company Ltd, along with Groww Trustee Ltd, has reached a settlement with the Securities and Exchange Board of India (SEBI) regarding alleged violations of regulatory norms. This settlement came into effect with payment of Rs 9 lakh by the applicants to SEBI. The settlement stems from a suo motu...

SEBI Settlement: SBICAP Trustee Company Ltd Agrees To Rs 25.08 Lakh Payment Over Regulatory Violations

SBICAP Trustee Company Ltd, a subsidiary of SBI Capital Markets Ltd, has reached a settlement with the Securities and Exchange Board of India (SEBI) concerning alleged violations of debenture trustee regulations. The settlement, prompted by an application from SBICAP to SEBI, requires the company to make a payment of Rs 25.08 lakh. The resolution pertained to SEBI's issuance of a...

SEBI Cancels Registration Of LFS Broking And Bars MD For Violating Market Norms

The Securities and Exchange Board of India (SEBI) has revoked the registration of LFS Broking and imposed a five-year ban on its Managing Director, Saiyad Jiyajur Rahaman, from engaging with any registered intermediary. SEBI's order stated multiple infractions committed by LFS Broking and its MD. The investigation noted that LFS Broking allowed the misuse of...

More The Surges In Stock Market, Greater The Role Of SEBI & SAT In Ensuring Stability: CJI DY Chandrachud

Chief Justice of India DY Chandrachud highlighted the crucial role of the Securities and Exchange Board of India (SEBI) and the Securities Appellate Tribunal (SAT) amidst surges in the stock market. Speaking at the inauguration of SAT's new premises and website in Mumbai on Thursday, CJI Chandrachud emphasized the need for SEBI and SAT to exercise caution and ensure stability while...

SEBI Fines Rs 3.75 Crore On Former Kwality Ltd. Executives For Financial Misrepresentation

The Securities and Exchange Board of India (SEBI) has imposed a fine against former senior management of Kwality Ltd for their involvement in misstating financial figures between FY 2017 and FY 2019. SEBI has imposed fines totalling Rs 3.75 crore on Sanjay Dhingra, the former Chairman and Managing Director; Sidhant Gupta, former Executive Director and non-executive Director; and...

SEBI Bars Proprietor Of GN Traders for Illegal Investment Advisory Services

The Securities and Exchange Board of India (SEBI) has imposed issued an order against Kashif Siddique, the proprietor of GN Traders, for his involvement in illegal investment advisory services. SEBI has barred Siddique from operating in the securities market for two years and imposed a fine of Rs 11 lakh. Additionally, he has been directed to refund Rs 1.40 crore, which he collected as...

SEBI Imposes Two-Year Market Ban On 4W Wealth Management And Directors, Orders Refund Of Rs12.83 Crore For Illegal Investment Advisory Services

The Securities and Exchange Board of India (SEBI) has ordered a two-year market ban against 4W Wealth Management Pvt Ltd, along with the firm's directors, Bhavesh P Bhensdadia, Rinkalkumar Mohanbhai Chopda, Vivek Laxmanbhai Patel, Nileshbhai Chandubhai Patel, and Parth Kanubhai Patel. The order also involved a mandate to refund Rs12.83 crore collected as fees from investors, due to...