Sebi signals a new trend: Summons and notices to come via WhatsApp, Telegram

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Mumbai: The Securities and Exchange Board of India (Sebi) will now send show cause notices, summons and orders to securities law offenders via instant messaging platforms such as WhatsApp, Telegram and Signal, a move that will make the processes speedier and efficient. This will be in addition to the normal mode of communication including electronic … Read more

Sebi’s new IPO rules: A throwback to the CCI days

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Mumbai: As investment bankers and fund managers were preparing to open the champagne bottle after a bumper year for initial public offerings, the Securities & Exchange Board of India (Sebi) chairman fired a warning shot that tempered their celebrations. Ajay Tyagi followed up his December 22 speech on worries about the happenings in the primary … Read more

MFs can’t make crypto-related investments before law, says Sebi chief

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MUMBAI – The Securities and Exchange Board of India’s Chairman Ajay Tyagi today said that domestic mutual funds cannot make investments in crypto-related products till there is a law for such digital assets in the country. The Sebi chief was speaking at a press conference following the capital market regulator’s board meeting here. The regulator’s … Read more

Policymakers need to avoid one-upmanship while writing rules: Kotak

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Billionaire banker Uday Kotak on Tuesday rued that there is a tendency among policymakers to display “one-upmanship” when it comes to adding rules and regulations, which they need to desist from. “We need to keep in mind that as we add more rules and regulations, that it should not be ticking the box. At times, … Read more

Zerodha raises concerns over Sebi’s proposed checks on algo trading

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Mumbai: Zerodha, India’s biggest stock broker, raised concerns over some of the capital markets regulator’s proposals to tighten rules on algorithmic trading by retail investors. The firm’s founder Nithin Kamath wrote in a blog that the Securities and Exchange Board of India in the discussion paper published on Thursday has categorised every order placed by … Read more

Sebi-taxman fight over service tax dues reaches Supreme Court

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Mumbai: The Securities and Exchange Board of India (Sebi) has moved the Supreme Court against a service tax demand raised by the Central Goods and Services Tax (CGST) department. The Supreme Court registered the case on December 2, the official website showed. The capital markets regulator has been involved in a prolonged battle with the … Read more

How to smoothen the disinvestment process for a listed PSU

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Any public disinvestment programme, by construct, is a public process. While the bidding is confidential, the process is very public. Most activities are known in the public domain either directly or through leaks. Though this may not cause much concern in the case of unlisted PSUs such as Air India, for a listed PSU, there … Read more

Market regulator Sebi cracks down on Telegram tips operators

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Mumbai: The Securities and Exchange Board of India (Sebi) has cracked down on market operators in Gujarat for allegedly manipulating stocks through social media, said two people familiar with the development. Officials of the capital markets regulator’s surveillance department carried out ‘search and seizure’ operations on the premises of three entities in Ahmedabad and Mehsana … Read more

Sebi asks PMS managers for client deal data

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Mumbai: The Securities & Exchange Board of India (Sebi) has asked all portfolio management service (PMS) providers, who handle investments of the rich and ultra-rich, to submit information on the quantum of various securities bought by different kinds of clients. The communique from the capital market regulator, which came a week ago, has sparked speculation … Read more