The Securities and Exchange Board of India (Sebi) on Tuesday proposed a framework for ‘regulatory sandbox’. The term is used to define live testing of new products and services on a small set of customers for a limited period of time.

Typically, the regulatory provisions are relaxed during the testing period.

A Securities and Exchange Board of India (Sebi)-constituted committee has proposed wide-ranging changes to the foreign portfolio investment (FPI) regime, aimed at boosting capital flows into the country by improving ease to doing business, especially for large and well-regulated global institutions.

New Delhi: Sebi and stock exchanges have enhanced their surveillance measures to curb possible manipulative practices as well as excessive volatility in the market on Thursday when the general election results will be announced.

Markets are likely to witness significant movements on Thursday, especially after a rally on Monday following exit polls showed that the BJP-led NDA is expected to come back to power.

The Securities and Exchange Board of India (Sebi) on Monday came out with a discussion paper highlighting proposals for allowing a start-up listed on the Innovators Growth Platform (IGP) to trade under the regular category of the main board.

According to the proposals, the company should have listed on the IGP for a year and have a minimum of 200 shareholders for making the shift.

Market regulator Sebi has slapped a total penalty of Rs 60 lakh on nine entities for indulging in manipulative trading in the scrip of Exdon Trading Company Ltd. Out of the nine entities, Henal C Patel, Dantara Amish Vijaykumar and Henal Hemantbhai Shah have been fined Rs 10 lakh each while others including Dhanlaxmi Lease Finance have been fined Rs 5 lakh each. These nine entities are the noticees.

Sebi on Thursday slapped a Rs 2 lakh fine on IFCI Financial Services for “lackadaisical behaviour” as it failed to comply with power of attorney guidelines.

IFCI Financial Services is a depository participant of National Securities Depositories Ltd and Central Depositories Securities Ltd.

Fortis Healthcare Ltd (FHL) informed the Delhi High Court that Sebi has asked it to to recover Rs 403 crore from former Ranbaxy Laboratories Ltd promoters Malvinder and Shivinder Singh, who allegedly diverted funds of FHL and its subsidiary Fortis Hospital Ltd.

FHL made the submission in a recent affidavit filed in an ongoing case by Japanese drugmaker Daiichi Sankyo against the Singh brothers and their firms.

The Securities and Exchange Board of India (Sebi) has sent show-cause notices to Kotak Mut­ual Fund and HDFC Mutual Fund, seeking details about their investments in the debt instruments of Essel Group companies. Essel Group promoters have sought time to repay their lenders.

Both fund houses had exposure to Essel Group companies in their fixed maturity plans (FMPs).

Mumbai: Even after entering his third and final year as the chairman of Securities and Exchange Board of India (Sebi), Ajay Tyagi is yet to implement an institutional mechanism for handle investigations and queries by external agencies such Central Bureau of Investigation (CBI), income tax.

With an aim to enable the further recapitalisation of public sector banks (PSBs), the Finance Ministry may seek a relaxation for PSBs in the market regulator Sebi’s norms for entities requiring promoters to have 75 per cent holdings in them, according to a senior official source

The Securities and Exchange Board of India (Sebi) listing norms mandate that every listed entity will maintain a minimum public shareholding of 25 per cent.

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