Stay updated with breaking news from Sebi Update. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Asset Management Companies are required to put in place a structured institutional mechanism for identification and deterrence of potential market abuse. While Sebi will specify the broad framework of the institutional mechanism, industry body Association of Mutual Funds in India (Amfi) will have to detail on standards for such an institutional mechanism.
SEBI found offshore funds breaching Adani investment rules, seeking settlement with penalty. Regulator demanded group level disclosures. Adani denies 'acting in concert'. No response to email requests.
Sebi's proposal for a special call-auction mechanism aims to address liquidity issues and improve fair price discovery in Investment Companies and Investment Holding Companies with significant market price-book value gaps.
During an on-site inspection at Karvy Investors registered office in March last year, the regulator found inadequate infrastructure concerning office space, equipment, and manpower to effectively discharge the activities.
Current FPI rules do not provide for regularisation of FPI registration or liquidation of securities post expiry of their registration and the securities held by such FPI remain frozen in their demat accounts.