Executives whose spouses buy or sell their companies’ shares will not be able to offer the alibi that their husbands or wives are financially independent and aren’t privy to any inside information when they defend themselves against insider trading charges

In a guidance note issued on Monday, the Securities and Exchange Board of India (Sebi) clarified that under the Sebi (Prohibition of Insider Trading) Regulations, 2015, a spouse is presumed to be an “immediate relative” unless the company official is able to prove otherwise.

In a bid to boost market activity, the Securities and Exchange Board of India (Sebi) plans to overhaul the corporate debt market by pushing all issuance onto an electronic platform as early as November, sources with direct knowledge of the plan said.

The markets regulator will announce the proposal drafted by an internal regulatory panel within a few weeks, and seek market feedback, said the sources, who declined to be named as the plan is not yet public.

The Securities and Exchange Board of India (Sebi) on Monday paved the way for the merger of the markets regulator with the Forward Markets Commission (FMC). According to a press release issued by Sebi, its board has cleared the norms for commodity exchanges and brokers.

“Major compliances include norms related to net worth, shareholding, composition of the board, corporatisation and demutualisation and setting up various committees, turnover and infrastructure,” Sebi said.

Mumbai, Aug. 23 (PTI): Market regulator Sebi will discuss tomorrow the suggestions of the Supreme Court-appointed special investigation team (SIT) on the misuse of participatory notes to launder black money.

The market cop has barred over 1,000 local entities for suspected tax evasion through stock markets.

Mumbai: The Securities and Exchange Board of India (Sebi), on Thursday proposed to ease norms for infrastructure investment trusts (InvITs) as a way to encourage firms to unlock capital.

In September 2014, the capital markets regulator had allowed firms to launch real estate investment trusts (REITs) and InvITs to help cash-strapped developers get easier access to funds while creating a new investment avenue for institutions and wealthy individuals. However, infrastructure companies have been slow to respond as they sought a relaxation in rules and clarity on taxation.

The appointment of senior lawyer Arun Sathe, who is also a Bharatiya Janata Party (BJP) politician and brother of the Lok Sabha speaker Sumitra Mahajan, as a part time member of the Securities and Exchange Board of India (Sebi) has evoked strong views among various stakeholders in the market.

While some like former Sebi chairman Damodaran feel appointing a political person in itself does not amount to "overt or covert" politicisation of Sebi, others are critical about the BJP government's urge to have its "ideologists" in every institution in the country.

Coffee Day Enterprises, which runs the country's biggest coffee chain Cafe Coffee Day, has received markets regulator Sebi's go-ahead to raise Rs 1,150 crore through initial public offering (IPO).

The firm had filed its draft red herring prospectus (DRHP) with Sebi through its lead merchant banker Kotak Mahindra Capital Company Limited on June 26 this year.

The service tax department has got the nod from finance ministry to go ahead with its ongoing investigation against the stock markets regulator Securities and Exchange Board of India (Sebi) for not paying service tax of Rs 250 crore since 2012.

In a letter on Wednesday, the ministry of finance has told the Mumbai service tax department to continue its investigation and initiate further course of action.

The Securities and Exchange Board of India (Sebi) has told the Bombay High Court that it was investigating complaints against Financial Technologies and its connected entities and promoters including founder Jignesh Shah.

The complaints filed by investors of National Spot Exchange Limited (NSEL) alleged several irregularities and violations of Sebi Act and alleged breach of Regulations such as (a) Insider Trading Regulations; (b) Fraudulent and Unfair Trade Practices and (c) Failure of disclosure under the Takeover Code and other issues.

Corporate Affairs Minister Arun Jaitley has informed Parliament that the Securities and Exchange Board of India (SEBI) has not published any list of more than 100 benami, bogus ponzy scheme companies.

He said in a written reply to the Lok Sabha that chit funds are regulated under the Chit Funds Act, 1982 and require previous sanction of the state governments. He also said that the Prize Chit and Money Circulation (Banning) Act, 1978 bans prize chits and money circulation activities is enforced by state governments.

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