These companies have been asked to re-file their draft red herring prospectus (DRHP) with certain updates. Apart from OYO, the firms whose draft papers have been returned by the regulator are — Go Digit General Insurance Ltd, a firm backed by Canada-based Fairfax Group; home-grown mobile maker Lava International; B2BRead More →
Capital markets regulator Sebi on Thursday extended the timeline till March 15, for submission of public comments on a proposal pertaining to higher responsibility for sponsors of investment vehicles — REITs and InvITs. The regulator had put in place a consultation paper on holding of sponsors in Real Estate InvestmentRead More →
New Delhi: The office of the Registrar of Companies (RoC) in Delhi and Haryana has started taking action against firms that raise equity investment through platforms that make online pitches to investors in violation of company law. The RoC issued an order this week imposing a penalty of ₹2 lakhRead More →
Orders passed by Ananth Narayan, whole-time member at market regulator Sebi, in two recent cases, reveal the modus operandi of people operating ‘pump and dump’ schemes on YouTube. Mint explains how these schemes work and how you can protect yourself. How does ‘pump and dump’ work? The manipulator starts aRead More →
Sebi has barred Anugrah Stock & Broking and five other entities from the securities market for up to seven years in a case pertaining to providing unregulated portfolio management services (PMS). The others banned by the regulator are the brokerage house’s directors — Paresh Mulji Kariya and Sadhana Paresh KariyaRead More →
In a move aimed at tightening corporate governance standards , Sebi has proposed that shareholders in listed companies having special rights, like enjoying a board seat for perpetuity, be subject to a shareholder review once every five years . To attract investments to an IPO-bound entity, special rights are offeredRead More →
MUMBAI : : TThe Securities and Exchange Board of India (Sebi) on Monday issued a circular pertaining to enhanced obligations and responsibilities on Qualified Stock Brokers (QSBs). The circular is issued to ensure orderly functioning of the securities market and also to protect the interests of investors in securities market,Read More →
Millions of investors have ventured into India’s derivatives market in recent years, but just one out of 10 of them made any profit from the expedition, a new report showed. According to the Securities and Exchange Board of India (Sebi), out of 4.52 million individual traders in futures and optionsRead More →
In a major relief for the National Stock Exchange, the Securities Appellate Tribunal (SAT) on Monday slashed to a sixth a ₹624.89 crore fine imposed on India’s largest bourse by the Securities and Exchange Board of India (Sebi) while setting aside the markets regulator’s April 2019 order against the exchangeRead More →
MUMBAI : Mumbai-based Rashi Peripherals Ltd on Thursday filed its draft papers with the Securities and Exchange Board of India (Sebi)) to raise up to ₹750 crore through an initial public offering (IPO). The company plans to use ₹400 crore from the IPO proceeds to repay debt and ₹200 croreRead More →
