Markets regulator Sebi has barred Sunshine AgroInfra Ltd (SAIL) and its directors from mobilising funds from investors through issuance of securities till further orders.

The entities have also been restrained from accessing the market, the Securities and Exchange Board of India (Sebi) said in an interim order.

Three senior bureaucrats, including Economic Affairs Secretary Shaktikanta Das, are believed to be in contention for the post of capital market regulator Sebi chairman after the extended tenure of incumbent U K Sinha ends early next year.

The process for choosing the next chief of the Securities and Exchange Board of India (Sebi) started in September and the government has received many applications. The current tenure of Sinha, who has been at the helm of the watchdog since February 2011, ends on March 1 next year.

Mumbai, Dec. 15: Sebi chairman U.K. Sinha today defended the current regulations on independent directors and said there was no urgency to review them.

Sinha's comments come at a time the spat between the Tatas and Cyrus Mistry has put the spotlight on independent directors.

In order to facilitate ease of doing business, Sebi has notified rules to provide permanent registration to merchant bankers, investment advisers, research analysts and eight other categories of market intermediaries.

The Securities and Exchange Board of India (Sebi) already gives permanent registration to stock brokers and sub-brokers subject to their compliance with certain requirements.

The Securities and Exchange Board of India (Sebi) is considering a steep increase in the minimum net worth requirement for registrar and transfer agents (RTAs).

The markets regulator recently met RTAs, where the issue of raising the net worth to as much as Rs 2 crore was deliberated. Under the current provisions, the minimum capital required is Rs 50 lakh.

Mumbai: Come April and you may receive an instant credit to your bank account on redeeming a liquid mutual fund, just like a mobile wallet transaction.

The Securities and Ex­change Board of India (Sebi) is in the process of framing a set of rules for such transactions, three people with direct knowledge of the matter said on condition of anonymity.

Mumbai, Dec. 5: The Securities and Exchange Board of India is planning to allow investors to buy mutual funds through digital wallets.

Following the demonetisation of Rs 500 and Rs 1,000 notes, the government, the RBI, banks and other entities have been encouraging cashless transactions.

Seeking to make them attractive options for raising capital, Sebi today notified revised and easier regulations for REITs and InvITs.

To facilitate growth of Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs), the board of Sebi had approved relaxations to existing norms in September after extensive public consultations.

The Securities and Exchange Board of India (Sebi) has imposed a penalty of Rs 10 lakh on Franklin Templeton Mutual Fund for forming an 'informal group' as investment committee.

The regulator has said the panel breached the MF regulations. It did an inspection during July to October 2015 and decided the committee breached a Sebi circular of 2002. Further, the committee had included an international chief investment officer (CIO), based outside India, which didn't meet with the requirements under 1996 regulations.

Markets regulator Securities and Exchange Board of India (Sebi) on Monday issued a new framework for functioning of stock exchanges and clearing corporations that are setting up their operations in international financial services centres (IFSCs).

The Securities and Exchange Board of India (Sebi) said all categories of exchange-traded products currently available for trading in stock exchanges will be eligible for trading in bourses operating in IFSCs. However, this is subject to prior approval of the market watchdog.

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