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The regulator of the securities market in India, Securities and Exchange Board of India (SEBI) had tightened disclosure norms on loan defaults and has increased the minimum investment limit by clients in a Portfolio Management Service (PMS) to Rs 50 lakh, from the earlier limit of Rs 25 lakh. The base net worth requirement of ..
The leading stock exchange of India, the National Stock Exchange (NSE) has appointed Girish Chandra Chaturvedi as its new Chairman after getting approval from the Securities and Exchange Board of India(SEBI) on Friday, 6th December 2019. Girish Chandra Chaturvedi completed his post-graduation from the University of Allahabad in Physics, is a retired Indian Administrative Services ..
Hyderabad based financial service company, Karvy Stock Broking Limited trading license was suspended by National Stock Exchange(NSE) and Bombay Stock Exchange (BSE) due to non-compliance of norms with the Government of India’s regulator for the securities market, Securities and Exchange Board of India(SEBI). Earlier on 22nd November, SEBI in its initial findings found that Karvy ..
The discourse on the need to separate debt management and monetary policy is doing rounds for quite a time. The view was even endorsed by the committee on capital account convertibility in 1996 because of the possible conflict of interest between monetary policy and debt management. Why the issue went to backburner? When Bimal Jalan ..
The Finance Bill, 2019 has given more powers to Securities and Exchange Board of India. The key highlight has been the addition of section 15HAA with regards to punitive action for data tampering. SEBI can act against tampering of electronic databases. This is against the backdrop of issues like colocations, HFT/ high frequency trades etc. ..
The Securities and Exchange Board of India (SEBI) has introduced a strict disclosure framework for credit rating agencies (CRAs). New Norms CRAs must disclose a probability of default (PD) benchmark for the companies rated by them. CRAs must also disclose sensitive factors which can potentially impact the rating of the instruments which include financials and ..
The Securities and Exchange Board of India (SEBI) has proposed establishing a framework to reward Whistle-Blowers. The proposal also aims to protect those who bring forward instances of violations of insider trading norms from victimisation in the form of demotion or termination of the job. Norms Proposed Under the norms, the whistleblowers are required to ..
The Ministry of Corporate Affairs (MCA) and Securities and Exchange Board of India (SEBI) has signed a Memorandum of Understanding (MoU) for data exchange between the two regulatory organizations to ensure better regulatory oversight. Components of MoU Facilitating the sharing of data and information between SEBI and MCA on an automatic and regular basis. Enabling ..