In a rare instance, the Securities and Exchange Board of India (Sebi) has appointed a three-member adjudicating bench after its initial probe found that certain brokers involved in the 2013 payments crisis at the National Spot Exchange Ltd (NSEL) had mis-sold NSEL products, three persons with direct knowledge of the matter said.

“The investigation concluded last month and the matter has been referred to the adjudication department for inquiry and penal proceedings under section 11 (B) of Sebi Act and broker regulations’ clause pertaining to ‘fit and proper’ criteria,” said the first person on condition of anonymity. Section 11B of the act refers to Sebi’s powers to act to protect interest of the market.

PNB Housing Finance has received capital markets regulator Sebi's go ahead to raise Rs 2,500 crore through an initial public offering.

The leading housing finance firm filed IPO papers with Sebi in July. The markets regulator issued its final 'observations' on October 6 on the draft offer documents, which is necessary for any company to launch the public offer.

Market regulator Sebi has ordered two companies — Morningstar Ventures and Gitanjali Udyog — and their directors to refund investor money they had raised by issuing securities without complying with the norms.

The firms and their directors need to refund the money within three months with an interest of 15 per cent per annum. Besides, the entities have been barred from the capital market for four years.

MUMBAI: Sebi has suggested the government to appoint at least one woman director on the regulator's board, in line with its own directions for listed companies' gender diversity on high-table under corporate governance norms.

The Securities and Exchange Board of India (Sebi) had issued guidelines in February 2015 asking companies to appoint at least one woman director on their boards.

In a bid to make primary markets more efficient, regulator Sebi is working towards cutting down the time taken for listing of companies on stock exchanges to four days from the current norm of six days.

Presently, it takes six days after the close of bidding in the initial public offer (IPO) for a company to list on stock exchanges, thus keeping the investors' funds locked in for a longer period of time.

The Securities and Exchange Board of India (Sebi) will give priority to strengthening risk management systems for commodity markets, its chief UK Sinha said.

Many measures have been taken by Sebi on strengthening the commodity derivatives market in the last one year after the market regulator’s merger with Forward Markets Commission (FMC) on September 28, 2015. Sebi is also looking at allowing players like mutual funds, banks and insurance companies to participate in commodity derivatives market.

The Securities and Exchange Board of India (Sebi) has allowed commodity exchanges to introduce trading in options. The regulator on Wednesday said in a circular sent to exchanges that would require its approval, which will be subject to guidelines that would be announced later.

Sebi has refrained from introducing index-based futures as of now. Leading commodity exchanges have their indices, but Sebi wants to finalise a standard methodology. “Traders need to hedge against price change in a particular commodity and not the overall market and, hence, index futures are not given a priority,” explained a person connected with the development.

In his last address at the Association of Mutual Funds of India’s (Amfi- the Indian mutual fund industry’s trade body) annual general meeting held in Mumbai on Monday as the chairman of the capital market regulator, Securities of Exchange Board of India (Sebi) chief U.K. Sinha nudged the mutual funds industry to advertise direct plans.

According to chief executive officers of three fund houses, who were present at the meeting, confirmed to Mint that Sinha wondered why mutual funds were not talking more about direct plans to their investors.

Putting in place enhanced supervisory framework for stock brokers, Sebi has issued a detailed set of guidelines to monitor their financial strength and detect any misutilisation of clients’ funds.

Besides, stock brokers will now have to follow a uniform nomenclature for “naming/tagging of bank and demat accounts” and reporting of such accounts to stock exchanges and depositories.

The Securities and Exchange Board of India (Sebi) board meeting on Friday amended the regulations for infrastructure investment trusts (InvITs) and real estate investment trusts (REITs) to facilitate their growth and allowed foreign portfolio investors (FPIs) to directly trade in debt markets.

The regulator also discussed floating a consultation paper on corporate governance issues in compensation agreements such as non-compete fees at the board meeting held at the new National Institute of Securities Market campus in Navi Mumbai.

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