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.

To ensure more transparency, Sebi asked listed companies to inform stock exchanges at least two working days in advance about board meetings on proposals related to buyback of securities, voluntary delisting and fund raising.

The move is aimed at bringing in greater transparency in the business affairs of the listed firms.

Mumbai: The capital market regulator has asked asset management companies to explain the principle behind their corporate bond investments, as it seeks to avoid a redemption crisis in the fixed-income plans of mutual funds (MFs) similar to the one JP Morgan Asset Management Co. Ltd is battling.

In a cautionary note issued to fund houses, the Securities and Exchange Board of India (Sebi) also asked fund managers to closely monitor companies in their mutual fund portfolios that have been downgraded recently, two people familiar with the note sent out by the regulator said on condition of anonymity.

Mumbai: The capital market regulator has asked asset management companies to explain the principle behind their corporate bond investments, as it seeks to avoid a redemption crisis in the fixed-income plans of mutual funds (MFs) similar to the one JP Morgan Asset Management Co. Ltd is battling.

In a cautionary note issued to fund houses, the Securities and Exchange Board of India (Sebi) also asked fund managers to closely monitor companies in their mutual fund portfolios that have been downgraded recently, two people familiar with the note sent out by the regulator said on condition of anonymity.

SEBI has barred Moongipa Investments and its directors from the capital markets after finding them guilty of misusing clients’ funds and securities.

Besides, Securities and Exchange Board of India (SEBI) has ordered impounding of financial assets of these entities.

India’s capital market regulator is unlikely to intervene in the ongoing standoff between Castex Technologies Ltd and the holders of its foreign currency convertible bonds (FCCBs).

The bondholders have urged the Securities and Exchange Board of India (Sebi) to block the impending conversion of two sets of FCCBs worth $200 million into equity on Thursday and on 25 September.

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