Acting upon recommendations of the Special Investigation Team on black money, market watchdog Sebi plans to tighten due diligence requirements for issuance and transfer of controversy-ridden P-Notes and put the onus on investors to ensure compliance with anti-money laundering law.

While Sebi (Securities and Exchange Board of India) has been of the view that the regulations have already been strengthened to check any misuse of this route for money laundering like activities, it has decided to put in place additional safeguards as suggested by the SIT.

Markets regulator Securities and Exchange Board of India (Sebi) has prohibited Aspen Projects India and its seven directors from selling various movable and immovable properties, as part of its efforts to recover Rs 39 crore dues.

After finding the company and its directors illegally raising funds from the public, the watchdog had earlier asked them to refund the money.

Continuing with improvements in the primary market, the Securities and Exchange Board of India (Sebi) proposes to reduce the time period for the closing of an Initial Public Offering (IPO) and the date of listing to three days from six days. A decision to this effect is expected to be finalised at its board meeting scheduled for May 20, investment bankers privy to the matter told FE. A reduction in the timeline will help limit risks related to market volatility that may unfold during the period.

Suspecting serious lapses in financial dealings of various listed companies of Vijay Mallya-led UB Group, markets regulator Sebi has expanded its probe into possible siphoning off funds by the promoters.

The matter is also being flagged to other agencies and government departments, including the Corporate Affairs Ministry and its probe agency for white-collar crimes, SFIO (Serious Fraud Investigation Office), a senior official said.

NEW DELHI: Markets regulator Sebi has ordered two Swar group companies and their directors to refund investors' money, which was raised through illegal investment schemes, in three months.

Besides, the firms -- Swar Agrotech India and Swar Agroteak and Housing (India) -- their directors are also barred from the capital market for four years.

Mumbai: U.K. Sinha, chairman of capital markets regulator Securities and Exchange Board of India (Sebi) said on Thursday the regulator is in discussions with global experts and regulators on risks from high frequency trading (HFT).

Sebi is also looking at bringing changes in the so-called consent mechanism norms and allowing cases without any market-wide impact to be settled through a mutually agreed fees to the regulator.

The much-awaited tax reforms for Alternative Investment Funds (AIFs), which were to be addressed by the markets regulator, would take a few more months as the Securities and Exchange Board of India (Sebi) might forward the tax proposals of an expert panel headed by Infosys founder NR Narayana Murthy to the finance ministry.

Capital markets watchdog Sebi on Monday cancelled the registration of Deutsche Mutual Fund following the transfer of its schemes to DHFL Pramerica Mutual Fund.

The Indian asset management business of Deutsche Mutual Fund has been acquired by Pramerica MF.

Mumbai: The Securities and Exchange Board of India (Sebi) has decided against allowing the two national stock exchanges to launch commodity trading platforms in the near term, said three people familiar with the development.

Both the National Stock Exchange of India Ltd (NSE) and BSE Ltd had sought permission to launch commodity trading on their exchanges after Sebi began regulating the commodity markets last year.

The service tax department of Mumbai has slapped a Rs 75 crore tax demand notice on the Securities and Exchange Board of India (Sebi) after getting nod from the finance ministry and the Central Board of Excise and Customs (CBEC).

In the first week of April, the service tax department had issued a showcause notice to the market regulator. The demand notice is for the period from July 1, 2012, to March 31, 2015.

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