Markets regulator Sebi has imposed a penalty of Rs 9 lakh on ING Vysya Bank’s former official for violating insider trading regulations. The fine was levied on Vinay Agrawal, who was regional head of business banking in ING from August 2011 till June 20, 2012. Later, he held the position of zonal head of cluster business banking till October 10, 2013. The Securities and Exchange Board of India (Sebi) had initiated adjudication proceedings against Agrawal, who was alleged to have not complied with PIT (Prohibition of Insider Trading) Regulations.

NEW DELHI: BSE is likely to receive a license for commodity exchange by December, according to an exclusive report by ET Now.

The bourse has already applied with the market regulator Securities and Exchange Board of India (Sebi) for launching commodity exchange.

Sebi Chairman Ajay Tyagi has pitched for multiple products and fundraising avenues for investors so as to help broaden participation in the capital markets.

Besides, he said, developing currency-bond-derivatives links by creating suitable conditions and right enabling infrastructure could also attract investors to the markets.

Hospitality chain Lemon Tree Hotels has filed draft papers with markets regulator Sebi to float an initial public offering.

The public offer comprises sale of up to 195,797,000 equity shares by the existing shareholders, including Maplewood, Whispering Resorts, Palms International and RJ Corp, according to the draft red herring prospetus (DRHP).

New Delhi: Markets regulator Sebi has revoked trading ban imposed on 114 entities, which had come under the scanner for alleged manipulation and misuse of stock market platform for tax evasion, saying it did not find any adverse evidence against them.

This comes after Sebi, earlier this month, had revoked ban on a total of 307 entities in the First Financial case as well as in the matter of dealing in shares of Eco Friendly Food Processing Park, Esteem Bio Organic Food Processing, Channel Nine Entertainment and HPC Biosciences.

The board of Securities and Exchange Board of India (SEBI) on Monday made a number of changes in Infrastructure Investment Trusts (InvITs) and Real Estate Investment Trusts (REITs) regulations, to make these instruments attractive including allowing REITs and InvITs to raise capital by issuing debt securities. The market regulator also introduced the concept of strategic investor in REITs on similar lines of InvITs. SEBI also allowed single-asset REIT on similar lines of InvIT. Currently, a REIT requires two projects. Further REITs have been allowed to lend to underlying special purpose vehicle (SPV).

New Delhi, Sept. 17 (PTI) Market regulator Sebi will update its board tomorrow on action being taken against suspected shell companies allegedly abetting the routing of illicit funds through stock markets. Those under the scanner include over 300 listed companies as also hundreds of unlisted entities and individuals, suspected to be misusing the stock exchange platform for tax evasion, among other wrongdoings, a senior official said.

Besides, the board would consider other proposals including expediting settlement proceedings and streamlining its internal mechanism to better decide on whether they need soft or hard enforcement actions.

Markets regulator Sebi today imposed a penalty of Rs 4 lakh on ACI Infocom for failing to redress the two investor complaints within the prescribed time frame. The two grievances pertained to non-receipt of the shares of the firm by the complainants following a stock-split. After the stock split, the complainants were entitled to receive 1,000 shares each. However, they did not get the share certificates after splitting and complained to Sebi.

While the first complaint was forwarded to ACI Infocom through Sebi Complaints Redressal System (SCORES) in June 2013, the second one was sent to it in December 2013.

The Securities & Exchange Board of India (Sebi) is considering lifting a decade-old ban on the futures trading of two pulse varieties – tur and urad, sources told FE. With fears of inflationary pressure in pulses having been abated due to a bumper harvest in 2016-17 and the government inventory brimming with around two million tonne of pulses stocks, the regulator is weighing the possibility of lifting the ban, sources said. The review of the ban has started but a final decision on allowing such futures could be taken after factoring in production estimates as areas under pulses are down by almost 4% from a year earlier, the sources said.

Mumbai: India's market regulator, the Securities and Exchange Board of India (Sebi), has decided to retain the power to take a final call on the definition of 'control' in mergers and acquisitions after the government advised it not to change the current regulation.

In 2016, Sebi had proposed to adopt the so-called bright-line tests for acquiring control under the takeover code. The regulator had proposed to provide a list of illustrative rights below the control definition which would state that following rights either individually or collectively won't tantamount to control.

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