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Earlier, the regulator said all trading accounts and dematerialised accounts, which do not have ‘choice of nomination by September 30, will be frozen. Further, with respect to demat accounts, SEBI has extended the last date for submission of ‘choice of nomination to December 31, according to its circular
A removal of penalty has also been approved on large cap companies which are not able to raise a certain percentage of incremental borrowing from the debt market
The move is aimed at facilitating transparency in price discovery of non-convertible debt securities, providing better disclosures to investors and the market, and avoiding ISIN-level confusion and possible mis-selling of unlisted bonds
WTI crude oil is a specific grade of crude oil and one of the main three benchmarks in oil pricing, along with Brent and Dubai Crude. WTI is the underlying commodity of the New York Mercantile Exchange's (NYMEX) oil futures contract and is considered a high-quality oil that is easily refined.
Sebi said offshore funds that have more than 50% of their assets invested in a single corporate group will need to disclose all its investors to custodian banks, through which funds flow into the country, within 90 days starting from Nov. 1