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[ad_1] Sebi's move is aimed at streamlining the disclosure requirements (File) New Delhi: To streamline the disclosure requirements, Sebi has notified rules asking the top 100 listed companies by market capitalisation to confirm, deny or clarify any market rumour reported in the mainstream media from October 1. Further, for the top 250 listed entities, the rule will kick in from April 1, 2024, the Securities and Exchange Board of India (Sebi) said in a notification. These companies will have to "confirm, deny or clarify any reported event or information in the mainstream media which is not general in nature and which indicates that rumours of an impending specific material event" are circulating amongst the investing public, within 24 hours from the reporting of the information. To strengthen the corporate governance at listed entities, Sebi came out with a framework to address the issue of certain shareholders enjoying special rights perpetually. Any special right g

[ad_1]  T+0 prices won't be taken into account in index calculation and determining settlement prices. [ad_2] Source link https://worldnews2023.com/business/sebi-set-to-launch-beta-version-of-t0-trade-settlement-on-march-28/?feed_id=305576&_unique_id=6663cac3c8749

[ad_1] Last Updated: March 05, 2023, 17:04 IST Sebi classifies such schemes as fraudulent and abusive commercial activities that threaten the integrity of Indian capital markets (Image: Shutterstock) Explained: Sebi said Arshad Warsi and a few others 'inflated' the share prices of Sadhna Broadcast and Sharpline Broadcast by uploading deceptive videos to YouTube channels The Securities and Exchange Board of India (SEBI) recently barred 31 entities, including actor Arshad Warsi, his wife Maria Goretti, YouTuber Manish Mishra and promoters of Sadhna Broadcast - Shreya Gupta, Gaurav Gupta, Saurabh Gupta, Pooja Aggarwal and Varun Media - from the securities market in a case related to uploading misleading videos on YouTube channels recommending investors to buy the company’s shares, as per a report by Indian Express . Furthermore, the regulator seized illicit gains made by the entities after the “pump and dump" scam to the tune of Rs 41.85 crore, the report said, requiring

[ad_1] The Sebi chief said this will go a long way in taking care of the ageing of public issues like IPOs. Markets regulator Sebi will be using a generative AI tool to clear IPO applications on time, as it has been found to be effective in cutting the time lag massively. Markets regulator Sebi will be using a generative AI tool, which has been developed in-house, to clear IPO applications on time, as it has been found to be effective in cutting the time lag massively. “One of our junior officers in the tech team has just developed a generative AI tool that can check the various compliances in the LODR (listing obligations and disclosure requirements) in no time. “So, we want to deploy this and within the next few months, hopefully as much as 80 per cent of the LODR compliance checks in DRHPs, which are done manually now, will be automated using this tool,” its chairperson Madhabi Puri Buch said here on Friday while addressing an event organised by investment bankers lobby AIBI. S

[ad_1] NEW DELHI: Capital markets regulator Sebi on Tuesday proposed expanding the definition of qualified institutional buyer ( QIB ) for investing in debt securities in a bid to increase the supply of funds to the issuers of such securities. The regulator suggested that certain categories of investors should be included in the QIB segment such as Sebi-regulated entities as well as multistate cooperatives with net worth of over Rs 500 crore. Among others, pension funds, banking financial companies and housing finance companies, small finance banks, reinsurance companies, refinancing agencies such as MUDRA and universities should be included in the QIB category. The proposed move would increase the potential investor base for issuers of debt securities and help in further developing the debt markets, Sebi said in its consultation paper. The Securities and Exchange Board of India (Sebi) has sought public comments on the proposals till May 29. In its consultation paper, the regu