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The Securities and Exchanges Board of India (SEBI) on Monday told the Supreme Court that its 2019 rule changes do not make it tougher to identify beneficiaries of offshore funds, and action will be taken if any violation is found or established.
Leading stock exchanges, NSE and BSE along with the markets regulator had come up with an enhanced surveillance mechanism for micro and small-cap companies that have a market cap of less than Rs 500 crore, which has been effective from June 5.
The Securities and Exchanges Board of India (SEBI) has approved a proposal to reduce the time period for listing shares of initial public offerings (IPOs) to three days instead of the current six, from the date of closure of the issue (T day).
In a recent announcement, the Reserve Bank of India (RBI), has said that there are no immediate plans to introduce regulations governing the activities of finfluencers. RBI Governor Shaktikanta Das said that the Securities and Exchanges Board of India (SEBI) has already put in place measures to address the issue.
PhonePe has already integrated with multiple FIPs such as YES Bank, Federal Bank, and AU Small Finance Bank, while some large banks are likely to come on board before June end.