Securities and Exchange Board of India ( SEBI ) Related news

Lok Sabha passes Sebi Bill

Finance Minister Arun Jaitley on Wednesday allayed fears that Ponzi scheme operators will split schemes into small funds to avoid being caught by the new law being proposed to empower the Securities and Exchange Board of India (Sebi) to regulate those collecting at least Rs 100 crore.

Jaitley also expressed the hope that the new financial inclusion programme of the Narendra Modi government will provide avenues to investors to avoid these schemes.

Bill to empower Sebi to check ponzi schemes tabled in LS

The government today tabled a bill in the Lok Sabha to empower market regulator Sebi to deal with the menace of ponzi schemes, but the legislation curtailed its powers related to search and seizures compared to those provided in the ordinance that it replaced.

Sebi talks tough on Oct 1 deadline for new corporate governance norms

With less than two months to go for implementation of the new corporate governance norms, Securities and Exchange Board of India (Sebi) has warned India Inc to comply or face the music. The capital markets regulator has ruled out extension of the October 1 deadline. Nearly 1,000 companies are yet to comply with some or the other provision of the corporate governance norms.

High returns in less time may mean big trouble: Sebi

As it goes after fraudsters who dupe gullible investors of their hard earned money, capital markets regulator Sebi has launched an all-out mass media campaign to make the public aware about troubles of investing on hearsay and in pursuit of high returns in less time.

Using various media including TV, radio and print, the Securities and Exchange Board of India is specially targeting the collective investment schemes (CIS) wherein investors are promised doubling of their investments within a few months, or guaranteed fixed returns for their entire life after investing some thousands or lakhs of rupees.

Sebi frowns on 15-minute AGMs

The Securities and Exchange Board of India (Sebi) has criticised companies which wrap up their Annual General Meetings (AGMs) within 15 minutes. AGMs are once-a-year exercises, allowing shareholders to interact with company officials. “Allocation of 15 minutes for conducting the AGM of a public listed company having more than 100,000 shareholders does not appear adequate enough to facilitate a constructive discussion on matters transacted. Such a practice affects the rights of investors to seek clarifications/hold discussions and prima facie appears prejudicial to the interest of the investors,” said the Sebi circular, issued on Friday.

Open offers for public shareholders hit 1-year high at Rs 12,549 cr in June

The overall worth of open offers for public shareholders hit a one-year high of Rs 12,549 crore in June, almost entirely on account of a mega offer by global liquor giant Diageo Plc to acquire stake in United Spirits.

As per Sebi's latest monthly report, the market regulator approved a total of 8 open offers for shares worth Rs 12,549 crore in June, 2014. This is the highest value for open offers made for a month after Rs 29,242 crore recorded in June, 2013.

SEBI has enough powers to deal with fraudulent cases, says Chairman UK Sinha

As the Government has decided against granting search and seizure powers to SEBI, a top official today said the market regulator has to approach a designated court to be set up in Mumbai for seeking sanction for it.

Replying to a specific question whether the Board felt that its power was diluted with the new Bill, Securities & Exchange Board of India (SEBI) Chairman U K Sinha said the bill provided for the establishment of a designated court and the Board has to approach to seek sanction for seizure and search operations.