Market regulator Securities and Exchange Board of India (Sebi) has proposed to permit Mutual Funds (MFs) and portfolio managers (PMs) to participate in the exchange-traded commodity derivatives market. Sebi on Thursday issued a consultation paper seeking public views on this proposal, besides how they should be allowed and what regulatory framerwork should be put in place for this.

This is the second move by Sebi to allow institutional participants in commodity derivatives.

Infosys on Wednesday said it had approached market regulator, the Securities and Exchange Board of India (Sebi), to settle issues arising out of alleged disclosure lapses in the severance package paid to former chief financial officer (CFO) Rajiv Bansal.

The company, led by former chief executive officer (CEO) Vishal Sikka, had sanctioned the severance package of Rs 17.38 crore in October 2015. Bansal was sacked over differences with Sikka over the acquisition of Israeli technology firm Panaya for $200 million.

Mumbai: Capital market regulator Securities And Exchange Board of India or Sebi, in a late night circular on Thursday, prescribed norms for enhancing governance at mutual funds.

In the circular, the market regulator prescribed norms on director and auditor rotation.

Sebi today asked bourses to ensure that brokers provide details about securities pledged by a client as well as funds raised by way of pledging.

The move is part of efforts to strengthen supervision framework for stock brokers.

In a circular, Sebi has asked bourses to put in place a framework and ensure that brokers upload "ISIN wise number of securities pledged, if any, and funds raised from the pledging of such securities and consolidated number of securities pledged, if any, and the funds raised from the pledging of such securities" on a monthly basis.

Markets regulator Sebi has ordered a forensic audit of Svam Software, which figures among 331 suspected shell companies, after finding prima facie evidence of misrepresentation of financials by the firm.

While calling for the forensic audit, the Securities and Exchange Board of India (Sebi) has lifted the trading restrictions imposed on the firm.

The Supreme Court on Thursday will hear the Sahara-SEBI case.

In October, the Securities and Exchange Board of India (SEBI) moved the top court, seeking contempt proceedings against the Sahara Group for allegedly obstructing the process of auctioning its Aamby Valley property in Pune, initiated on court's direction.

Mumbai: The Securities and Exchange Board of India (Sebi) has formed a committee to hear cases of firms (and their directors) that have complained that they have been classified as shell companies because of technical errors, said two people with direct knowledge.

The panel will be a sub-committee of the capital market regulator’s secondary market and advisory committee (SMAC).

The Securities and Exchange Board of India (Sebi) has said foreign portfolio investors (FPIs) should report their investment in hybrid securities separately and has asked the depositories to make necessary arrangements for this.

Currently, the daily FPI net investment data and the FPI Assets Under Custody (AUC) data are disseminated by the depositories (NSDL and CDSL) for equity and debt markets.

MUMBAI: The Securities and Exchange Board of India has attached all bank accounts, securities and mutual fund units held by Vijay Mallya-owned United Breweries Holdings Limited (UBHL).

The regulator said UBHL has defaulted on the payment of a penalty imposed by it in 2015. It has directed banks, depositories and mutual funds not to allow any debit in their accounts. However, credits have been allowed. Sebi had imposed a penalty of Rs 15 lakh in 2015 for disclosure lapses by United Breweries Holdings.

Markets regulator Sebi has ordered attachment of bank and demat accounts as well as mutual fund folios of Green India Infra Projects and its seven directors to recover dues of over Rs 5 crore. In October 2016, Sebi had directed the firm and its seven directors to refund the money which the company had collected by issuing secured optionally convertible debentures to the investors without complying with public issue norms.

As per the regulator’s attachment order dated November 10, Rs 5 crore was collected through the issuance of secured optionally convertible debentures to the allottees and the amount was to be refunded with an annual interest of 15 per cent.

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