Private sector lender Yes Bank today said it has received an in-principle approval from the capital markets regulator SEBI to sponsor a mutual fund and to set up an asset management company and a trustee company.

In a BSE filing, Yes Bank said it “has received an in-principle approval from the Securities & Exchange Board of India (SEBI) to sponsor a Mutual Fund and to setup an asset management company (AMC), and a trustee company.

The Securities Appellate Tribunal (SAT) has rapped the Securities and Exchange Board of India (Sebi) at least half a dozen times over the last three months. The capital markets regulator has been told off for lapses in the investigation procedures as also the lack of uniformity in judgments.Just last week, the appellate authority described the manner in which whole-time members (WTM) of Sebi handled an order passed by it as “shoddy”.

Mumbai: In a rare instance, the Securities and Exchange Board of India (Sebi) is at the receiving end of a penalty from the Securities Appellate Tribunal (SAT).

In an order in the matter of Adventz Finance Pvt. Ltd, SAT imposed a cost of Rs.1 lakh on Sebi for delay in passing a final order. In an earlier order on 6 May, SAT had directed Sebi to pass a final order in the matter by 24 June.

The Securities and Exchange Board of India (Sebi) is likely to order a forensic audit of brokers linked to the National Spot Exchange Ltd (NSEL) scam even though an initial probe into the role of these brokers did not spot too many violations, two people familiar with the developments said.

In April, Sebi had ordered an audit of top six brokers that sold products of NSEL.

Amid shareholder complaints about many companies refusing to pay dividend despite having extra cash, markets regulator Sebi has made it mandatory for the top 500 listed firms to have a 'dividend distribution policy'.

The new norms will not force companies to pay dividend, but will help investors get a clearer picture on returns from their investments in such listed firms and also identify stocks matching their investment objectives.

Market regulator Securities and Exchange Board of India (Sebi) is likely to interrogate United Spirits (USL) officials over Vijay Mallya's severance package of $75 million, said a source with direct knowledge of the matter.

On July 9, the USL had accused Mallya of fund diversion worth Rs 1,200 crore from the company to various Mallya-owned entities, including Force India, Watson Ltd and Kingfisher Airlines.

The first-of-its-kind auction of properties undertaken by the Securities and Exchange Board of India (Sebi) to recover its dues from the Sahara group got underway this week.

"In the e-auction that began on Monday, the response of buyers was lukewarm. But, HDFC Realty closed a sale," said an official familiar with the sale process. The transaction fetched nearly Rs 58 crore, he added without disclosing the location of the property.

Comptroller and Auditor General of India Shashi Kant Sharma on Friday said there is a need to consider whether financial regulators like the Reserve Bank of India and the Securities and Exchange Board of India need to be audited.

“In India, the CAG does not audit the RBI. It is a thought for consideration if there is a need for the audit and oversight of the financial sector and its regulators,” Mr. Sharma said, citing the fact that financial regulators in the U.K. and the U.S. such as the Bank of England and the Federal Reserve have increasingly been brought under scrutiny. Mr. Sharma was speaking at an Assocham conference on corporate and financial frauds.

Mumbai: The capital markets regulator is set to allow online marketplaces such as Flipkart and Amazon to sell mutual funds to make these products more accessible to people.

A Securities and Exchange Board of India (Sebi) panel on digitization of financial services, headed by Infosys Ltd co-founder Nandan Nilekani, submitted its recommendation on 30 May, two people directly familiar with the development said.

The market regulator is reworking its plans for a capital-raising platform targeted exclusively at start-ups after the concept failed to take off a year after it was proposed.

Now, the Securities and Exchange Board of India (Sebi) is considering sweeping changes to the listing framework for technology-focused start-ups that will allow them to trade publicly on regular stock exchange platforms, said two people familiar with the matter.

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