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.

Mumbai: The Securities and Exchange Board of India (Sebi) has directed angel investor networks and start-up funding platforms to warn every company and investor through a disclaimer that crowdfunding platforms are neither stock exchanges nor authorized by the capital markets regulator to solicit investments. The disclaimer must also state that the securities traded on these platforms are not traded on any regulated exchange.

The directive, in a July-end letter, comes against the backdrop of an increase in crowdfunding activity in the start-up space and the absence of any law to govern it.

Stepping up its crackdown on suspected shell companies, market regulator Sebi has ordered forensic audit of two listed firms -- Kavit Industries and GV Films -- even as it eased some trading curbs on their shares.

In case of GV Films, the regulator said the "balance sheet is disproportionate to the profit and loss of the company" which warrants an independent audit of its asset and liability, even as "there appears to be no prima facie evidence of misuse of the books of the company".

Mumbai: A Securities and Exchange Board of India (Sebi) panel on corporate governance is considering whether an auditor should be barred from scrutinizing the books of listed companies if an audit is ineffective and fails to spot financial discrepancies.

It’s the first time the regulator is considering an active monitoring of the role of auditors, currently governed by the Institute of Chartered Accountants of India (ICAI). The debate on the role and responsibility of auditors started again after some listed banks reported bad loans that diverged widely from the assessment of the Reserve Bank of India (RBI).

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