SEBI Current Affairs, GK & News

Govt. to sell stakes in LIC in two stages

The government has decided that it might not sell 10% stake in Life Insurance Corp. of India through an initial public offering but instead choosing instead to sell 5 or 6% which will be followed by a second public offering.   Highlights LIC is yet to be concluded but it is estimated that the value ..

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LIC to have CEO and MD to Substitute Chairman

Life Insurance Corporation of India (LIC) is creating post for Managing Director (MD) and Chief Executive Officer (LIC) instead of having an Executive Chairman. Highlights These changes have been outlined in backdrop of launch a mega initial public offering (IPO). LIC will have instead of an Executive Chairman on the line of public sector banking ..

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SEBI amends norms for Independent Directors

Security and Exchange Board of India (SEBI) has cleared amendments to SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 while reviewing regulatory provisions related to independent directors. Highlights To boost corporate governance between listed companies, SEBI approved amendments to rules that govern appointment, re-appointment and removal of independent directors. It also amended the rules that ..

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SEBI: India should separate the roles of Chairperson and Managing Director

The Securities and Exchange Board of India recently announced that it will not extend the deadline to separate the posts of Managing Director and Chairperson. In April 1, 2020, SEBI asked the Indian companies to separate the roles of chairperson and Managing Director. However, a time period of two years was provided for compliance. Now ..

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Reliance Industries Fined

The Securities and Exchange Board of India (SEBI) recently fined the Reliance Industries Limited and its Managing Director Mukesh Ambani. SEBI also fined two other entities. The fine was imposed for carrying out manipulative trade in Reliance Petroleum Limited. What was the fine imposed on Reliance by SEBI? SEBI imposed Rs 25 crores on Reliance ..

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