BENGALURU: Market regulator Sebi has accepted a settlement application filed by Infosys following the latter’s inquiry into alleged inadequate disclosures and procedural lapses in the severance agreement with former CFO Rajiv Bansal, sources told TOI.

The settlement application is now before Sebi’s Advisory Committee headed by Vijay C Daga, retired judge of the Bombay high court, for a decision on the quantum of monetary penalty, the sources said.

ICICI Bank, on Monday, confirmed that the Securities and Exchange Board of India (SEBI) had sought clarification based on the news reports and that it had duly responde.

The BSE and NSE had sought a clarification from ICICI Bank on media reports suggesting that the Securities and Exchange Board of India (SEBI) had initiated a probe against the alleged lapses in corporate governance norms while extending loans to the Videocon Group of companies.

The Securities and Exchange Board of India (Sebi) has tightened norms pertaining to disclosure of performance track record of merged mutual fund (MF) schemes.

The market regulator on Thursday issued a circular for standardising performance disclosures following a merger of schemes.

The Securities and Exchange Board of India (Sebi) extended its earlier deadline of April 21 for Sahara Mutual Fund (MF) to wind up all its schemes, allowing it to continue with its tax saving Sahara Tax Gain Fund till July 27.

Last year, it had instructed Sahara MF to strictly comply with the timelines specified in its order dated July 28, 2015. This became effective from October 23, 2017. Sahara MF had asked Sebi to extend the timeline, citing the three years of lock-in period at Sahara Tax Gain Fund.

The Securities and Exchange Board of India (Sebi) has tightened some Know Your Customer (KYC) rules for foreign investors.

A circular it issued on Tuesday sets stiffer rules for foreign portfolio investors (FPIs) from ‘high risk’ jurisdictions and also from People of Indian Origin (PIOs) who control an FPI. These measures have been taken to align Sebi’s rules around the Prevention of Money Laundering Act.

The Securities and Exchange Board of India (Sebi) on Monday issued new measures to provide “fair and equitable access” to the colocation facilities offered by the bourses.

The market regulator directed all exchanges to provide “managed colocation services”, under which small brokers get access to colocation services without having to rent the entire space or rack. Currently, the service is largely out of bounds for small traders due to high cost and lack of technical know-how.

NEW DELHI: Looking to recover over Rs 7,000 crore of investors' money, markets regulator Sebi will next month auction 24 properties of Pancard Clubs and its late chairman and managing director at a total reserve price of nearly Rs 2,100 crore.

This is in addition to at least 33 properties which were auctioned between December and March with combined reserve price of more than Rs 800 crore.

The Securities and Exchange Board of India (Sebi) is set to intensify its drive against individuals who misuse unpublished price-sensitive information (UPSI) to make illicit gains from the stock market.

Trading based on UPSI is among the most serious offences in the stock market. Sebi has stepped up on improving its surveillance mechanism after prescient messages, related to the financial results of several blue-chip companies, including Axis Bank, HDFC Bank and Tata Motors, were being circulated on WhatsApp.

The Securities and Exchange Board of India (Sebi), and the Reserve Bank of India (RBI), have issued a circular on changes in the monitoring of foreign investment holdings in listed companies.

This was triggered by a breach in the rule on foreign shareholding at HDFC Bank a year before.

Last month, this column pointed out that National Stock Exchange Ltd’s valuation has risen 2.5 times in less than two years. Among other things, investors were enthused about the double-digit growth at the company, despite its high base.

Some of that excitement may dissipate after Securities and Exchange Board of India’s (Sebi) latest interventions in the markets.

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