SEBI

Board interlock restrictions shall apply to existing IDs too

Sundaram Finance (applicant company) on 28th August, 2018 requested SEBI to issue informal guidance for getting clarity/better understanding of the wording use in new Regulation 17 (1A) and Regulation 25 (1) both of which use the word 'continue' which is absent in Reg.16(1)(b)(viii)....

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Effectiveness of Trading Plan – Used or abused??

The concept of trading plan was introduced in India by the SEBI (Prohibition of Insider Trading) Regulations, 2015 (The PIT Regulations). Every company has persons holding key managerial positions or promoters who are involved in decision making and are perpetually in possession of Unpublished Price Sensitive Information (UPSI). ...

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Actions As Per Amendment In SEBI (LODR) Regulation 2015 (Part II)

Background: SEBI formed a committee on corporate governance in June 2017 under the Chairmanship of Mr. Uday Kotak with a view to enhancing the standards of corporate governance of listed entities in India. The committee comprised of stalwarts from diverse fields viz. the government, industry, professional bodies, stock exchanges, academi...

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SEBI amends Buyback Regulations: Aligning and re-framing requirements with other laws

Buyback period’ means the period between the date of board of directors resolution or date of declaration of results of the postal ballot for special resolution, as the case may be, to authorize buyback of shares of the company and the date on which the payment of consideration to shareholders who have accepted the buyback offer is made...

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IRCON IPO: Listing to Delisting and to Listing again

IRCON International is Mini-Ratna public sector company which is set to hit Indian stock exchanges with an initial listing of its 10.53% equity shares, by Ministry of Railways acting in behalf of President of India. While the company is primarily into engineering and construction businesses specializing in infrastructure projects, railway...

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No separate category of ‘Commodity Derivatives Exchanges’ w.e.f. October 1, 2018

As per the amendments in Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2012 as notified on April 02, 2018 in the Gazette of India, there would be no separate category of ‘Commodity Derivatives Exchanges’ w.e.f. October 1, 2018....

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Important measures by SEBI pertaining to Corporates

SEBI, inter alia, enhanced the focus on independent directors, prescribed separation of posts of CEO/ MD and Chairperson; enhanced role of the Audit Committee, Nomination and Remuneration Committee and Risk Management Committee; strengthened approval and disclosure of related party transactions...

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Interim Report of working group on KYC Requirements for FPIs

SEBI requested the working group that pending detailed examination of the issues referred to the working group, an interim report containing recommendations on the issues arising out of the SEBI circular dated April 10, 2018 on KYC requirements for FPIs be submitted....

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SEBI HLC Report on Settlement Mechanism

SEBI seeks public comments on the ‘Report on the Settlement Mechanism’ submitted by the High Level Committee (HLC) under the Chairmanship of Justice A. R. Dave (retd.)...

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PAN Sole identifier for all participants transacting in securities market

Securities and Exchange Board of India (SEBI), vide circular dated April 27, 2007, has mandated that PAN would be the sole identification number for all participants transacting in the securities market, irrespective of the amount of transaction....

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Naive to say that screen-based trades are anonymous and not synchronised: SC

Securities And Exchange Board Of India Vs. Rakhi Trading Private Ltd. (Supreme Court of India) - The Supreme Court has set aside an order of the Securities Appellate Tribunal (SAT) which held that only if there is market impact on account of sham transactions, could there be violation of the Prohibition of Fraudulent and Unfair Trade Practices Regulations. ...

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SC orders Auction of Sahara’s Ambey Valley City; Subrata Roy to attend on 27.04.2017

S.E.B.I. Vs Sahara India Real Estate Corpn. Ltd. & ors. (Supreme Court of India) - As no amount has been deposited by the contemnor, we are inclined to go ahead with auction for the Aamby Valley City near Lonavala, Maharashtra. Let the matter be listed at 2 p.m. on 27th April, 2017, on which day, the contemnor, Mr. Subrata Roy Sahara, shall remain personally present before this Co...

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SEBI bars ‘Reliance Industries’ from accessing equity market

Re. Reliance Petroleum Ltd. (RPL) (SEBI) - Going by the facts narrated by Noticee No. 1, liquidation of 5 % stake was decided. The same had to be done in an orderly manner. There was no outer time fixed for liquidation. Being guided by the analysts reports and the price trends of the scrip, Noticee No. 1 decided to start the sale in November...

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Sahara to pay Rs. 750 crore before due diligence to sell its hotel in USA

S.E.B.I. Vs. Sahara India Real Estate Corpn. Ltd.& Ors. (Supreme Court) - SC Said The permission can only be granted if SAHARA deposits a sum of Rs.750 crores before the Registry of this Court on or before 17th April, 2017...

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Unpublished Price Sensitive Information- SAT fixes commencement period

Mrs. Chandra Mukherji and Shelter Infra Projects Pvt. Ltd. Vs SEBI (SAT) - SAT determined and confirmed period from which Unpublished Price Sensitive Information shall be deemed to have come into force...

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Uniform procedure to obtain samples of goods at Exchange accredited warehouses

Circular No. SEBI/HO/CDMRD/DMP/CIR/P/2018/136 - (16/10/2018) - Majority of the agricultural commodities traded on exchange platform requires assaying. The number and size of the samples are determined by the nature of commodity and the requirements of tests to be done in order to meet the exchange specifications. It has come to the notice that varied approaches...

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Eligible Foreign Entities can participate in commodity derivatives market

SEBI/HO/CDMRD/DMP/CIR/P/2018/134 - (09/10/2018) - It has been decided to permit foreign entities having actual exposure to Indian commodity markets, to participate in the commodity derivative segment of recognized stock exchanges for hedging their exposure. ...

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SEBI (Appointment of Administrator and Procedure for Refunding to the Investors) Regulations, 2018

Notification No. SEBI/LAD-NRO/GN/2018/39 - (03/10/2018) - These regulations may be called the Securities and Exchange Board of India (Appointment of Administrator and Procedure for Refunding to the Investors) Regulations, 2018. (2) They shall come into force on the date of their notification in the Official Gazette....

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SEBI (Depositories and Participants) Regulations, 2018

Notification No. No. SEBI/LAD-NRO/GN/2018/40. - (03/10/2018) - 1. (1) These regulations may be called the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018. (2) They shall come into force on the date of their publication in the Official Gazette....

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Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2018

Notification No. No. SEBI/LAD-NRO/GN/2018/41. - (03/10/2018) - These regulations may be called the Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2018....

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Recent Posts in "SEBI"

Board interlock restrictions shall apply to existing IDs too

Sundaram Finance (applicant company) on 28th August, 2018 requested SEBI to issue informal guidance for getting clarity/better understanding of the wording use in new Regulation 17 (1A) and Regulation 25 (1) both of which use the word 'continue' which is absent in Reg.16(1)(b)(viii)....

Read More
Posted Under: SEBI |

Uniform procedure to obtain samples of goods at Exchange accredited warehouses

Circular No. SEBI/HO/CDMRD/DMP/CIR/P/2018/136 (16/10/2018)

Majority of the agricultural commodities traded on exchange platform requires assaying. The number and size of the samples are determined by the nature of commodity and the requirements of tests to be done in order to meet the exchange specifications. It has come to the notice that varied approaches are being followed by the exchanges in ...

Read More

Eligible Foreign Entities can participate in commodity derivatives market

SEBI/HO/CDMRD/DMP/CIR/P/2018/134 (09/10/2018)

It has been decided to permit foreign entities having actual exposure to Indian commodity markets, to participate in the commodity derivative segment of recognized stock exchanges for hedging their exposure. ...

Read More

Effectiveness of Trading Plan – Used or abused??

The concept of trading plan was introduced in India by the SEBI (Prohibition of Insider Trading) Regulations, 2015 (The PIT Regulations). Every company has persons holding key managerial positions or promoters who are involved in decision making and are perpetually in possession of Unpublished Price Sensitive Information (UPSI). ...

Read More
Posted Under: SEBI |

SEBI (Appointment of Administrator and Procedure for Refunding to the Investors) Regulations, 2018

Notification No. SEBI/LAD-NRO/GN/2018/39 (03/10/2018)

These regulations may be called the Securities and Exchange Board of India (Appointment of Administrator and Procedure for Refunding to the Investors) Regulations, 2018. (2) They shall come into force on the date of their notification in the Official Gazette....

Read More

SEBI (Depositories and Participants) Regulations, 2018

Notification No. No. SEBI/LAD-NRO/GN/2018/40. (03/10/2018)

1. (1) These regulations may be called the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018. (2) They shall come into force on the date of their publication in the Official Gazette....

Read More

Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2018

Notification No. No. SEBI/LAD-NRO/GN/2018/41. (03/10/2018)

These regulations may be called the Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2018....

Read More

No separate category of ‘Commodity Derivatives Exchanges’ w.e.f. October 1, 2018

Circular No. SEBI/HO/CDMRD/DMP/CIR/P/201 8/133 (28/09/2018)

As per the amendments in Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2012 as notified on April 02, 2018 in the Gazette of India, there would be no separate category of ‘Commodity Derivatives Exchanges’ w.e.f. October 1, 2018....

Read More

Actions As Per Amendment In SEBI (LODR) Regulation 2015 (Part II)

Background: SEBI formed a committee on corporate governance in June 2017 under the Chairmanship of Mr. Uday Kotak with a view to enhancing the standards of corporate governance of listed entities in India. The committee comprised of stalwarts from diverse fields viz. the government, industry, professional bodies, stock exchanges, academi...

Read More
Posted Under: SEBI |

KYC requirements for Foreign Portfolio Investors (FPIs)

Circular No. CIR/IMD/FPIC/CIR/P/2018/131 (21/09/2018)

KYC Review means steps taken to ensure that documents, data or information collected under the due-diligence process are kept up-to-date and relevant by undertaking reviews of existing records on a periodical basis. FPIs shall be subject to KYC review as and when there is any change in material information / disclosure. ...

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Latest SEBI News

Get the latest news on SEBI from Taxguru. Read all the relevant SEBI circulars, updates to SEBI Act and SEBI Regulations exclusively at Taxguru.

SEBI (Securities and Exchange Board of India) was established in 1988 as a non-statutory body to regulate the Indian securities market. On April 12th, 1992, the Government of India made SEBI an autonomous body and offered statutory powers by passing the SEBI Act 1992 in the Parliament. SEBI is the regulator for the Indian securities market and has three major functions:  quasi-judicial, quasi-legislative and quasi-executive.

With the increase in the number of dealings in the Indian stock markets, a lot of malpractices was seen like price rigging, the unofficial premium on a new issue, delay in shares delivery, violations with respect to rules and regulations of the stock exchange and the listing requirements. With all such malpractices in place, the customers were losing their faith and confidence in the Indian stock exchange. Hence, the Indian government decided to set up a regulatory body or an agency known as SEBI (Securities Exchange Board of India).

SEBI drafts the regulations in the legislative capacity, it conducts investigations and enforces actions as per its executive function and it also passes orders and rulings as per its judicial capacity.The Indian Government has been vested SEBI with the following powers:

  • for approving the by−laws of stock exchanges.
  • requiring the stock exchange for amending their by−laws.
  • inspecting the books of accounts and calling for periodical returns from the recognized stock exchanges.
  • inspecting the books of accounts of the financial intermediaries.
  • compelling companies for list their shares on stock exchanges.
  • registration brokers.

At Taxguru, we bring you all the recent and the latest news on SEBI and SEBI regulations. Our panel of experts publishes SEBI circulars as and when there are any developments. Find out all the trending and latest SEBI news here at Taxguru. Get to know more about SEBI Act and SEBI regulations with blogs and articles published by our experts.