Indian markets have seen their biggest reforms and policy changes happening after a scam reminds policy makers of the loopholes in the system. Open outcry system gave way to electronic exchanges after the Harshad Mehta scam. The dematerialisation scam resulted in strict KYC (Know Your Clients) norms being implemented by brokers. The latest Jignesh Shah--NSEL scam has resulted in tighter norms for commodity exchanges and the commodity regulator FMC (Forward Market Commission) itself being merged with market regulator SEBI.

The Securities and Exchange Board of India (Sebi) has moved the Supreme Court, seeking a restraint order on the plans of realty major DLF to monetise its rental properties. The court has admitted the application and listed it for hearing on October 30.

Last week, debt-laden DLF had said some promoter group entities planned to sell about 40 per cent stake in DLF Cyber City Developers, the company holding its rental assets, to third-party investors. The transaction was to raise Rs 12,000-14,000 crore.

Sebi will soon allow the companies to file ten-page abridged prospectus for initial public offers (IPO) as part of its efforts to help disseminate information in a more investor-friendly manner.

The abridged document would have only 10 pages without compromising on information that an investor is required to know, Sebi’s Executive Director (Corporation Finance Department) P K Nagpal said.

The Securities and Exchange Board of India (Sebi) on Tuesday exempted the Centre from the takeover code obligations for its investment in Dena Bank, Bank of India and Corporation Bank.

The Central government plans to infuse Rs 407 crore in Dena Bank, Rs 2,455 crore in Bank of India and Rs 857 crore in Corporation Bank. The infusion of capital, part of the government’s ‘Indradhanush’ initiative, would have triggered an open offer as the government’s stake in these banks would have increased by more than five per cent.

To recover the investors’ money collected illegally by Saradha Realty, regulator Sebi has ordered attachment of 134 properties of the West Bengal-based firm and its chief Sudipta Sen to recover Rs 774.3 crore along with other dues and the applicable interest.

The properties being attached include land parcels, buildings, flats, resorts, furniture, televisions, refrigerators, generators and computers along with all other “movable assets” held by the two defaulters.

In the first ever merger of two regulators, over 60-year-old commodities regulatory body FMC today merged with the capital markets watchdog Sebi with Finance Minister Arun Jaitley ringing the customary stock MARKET bell to formalise the amalgamation.

The Securities and Exchange Board of India (Sebi) Chairman U K Sinha said that the commodities market entities would get a timeframe of up to one year to adjust to the new regulations as they would have to follow the same norms that are applicable to their peers in the equity segment.

Almost 12 years after it was first suggested, the Securities and Exchange Board of India (Sebi) will complete the merger of Forward Markets Commission (FMC) with itself on Monday. This will bring the commodities derivatives market and its brokers under Sebi norms and integrate the commodities derivatives and securities trading markets in an orderly manner.

Ironically, the Bombay High Court on the same day will hear a petition filed by a group of employees of the commodites market regulator opposing the merger as they have been left out of the merged entity.

Even before it takes over regulating commodity derivatives from next Monday, the Securities and Exchange Board of India (Sebi) has set its eyes on strengthening regulations related to risk management for agriculture commodities derivatives.

Sebi has identified areas including exchanges' playing bigger role in settlement and delivery, forward trading, spot exchange and specially delivery-based settlements.

The Securities and Exchange Board of India (Sebi) is considering tougher regulations for stock splits. This is in the wake of certain low value companies using stock splits as part of modus operandi to evade taxes, sources have said.

Stock split is a corporate action in which a company divides its existing shares into multiple shares. Although the number of shares outstanding increases by a specific multiple, the total value of the shares remain the same compared to pre-split amount as it does not add any real value.

Mumbai: The National Stock Exchange of India Ltd (NSE) informed shareholders that it has submitted a proposal to the capital markets regulator on restructuring its business to comply with listing norms for exchanges.

Mumbai: The National Stock Exchange of India Ltd (NSE) informed shareholders that it has submitted a proposal to the capital markets regulator on restructuring its business to comply with listing norms for exchanges.

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