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Under the Companies Act, 1956, the issuance of securities to 49 people was considered a private placement and the limit was increased to up to 200 under the Companies Act, 2013.
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In an exchange filing, Vedanta said it received a letter from NSE on March 6, 2024, issued by Securities and Exchange Board of India vide which an administrative warning has been issued to the company.
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This came in the backdrop of strong flow in the small and midcap schemes of mutual funds over the last few quarters.
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The company had termed the reports to be entirely 'misleading, baseless and malicious'.
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Under the new guidelines, privately placed InvITs can undertake institutional placement based on net asset value (NAV) of InvIT's assets.
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Sebi has provided the reporting requirements along with periodicity in the circular.
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A bench of Chief Justice of India DY Chandrachud, PS Pardiwala and Manoj Misra said the scope of power of the apex court to enter into the regulatory domain of SEBI is limited.
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By providing access for taking exposure to 'paired contracts', the brokerage exposed its clients to the risk involved in trading in a product that did not have regulatory approval, Sebi said in its order.
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The complainant is stated to have made the payment, however, on the date of listing, he did not get shares in his account and upon asking for a refund, Trehan refused to refund the amount.
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Accordingly, the Recovery Time Objective -- the maximum time taken to restore operations of 'Critical Systems' from DRS after the declaration of Disaster -- will be 45 minutes.
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Congress on Thursday urged the SEBI to stand firm and finish its investigation into the Adani matter in a timely manner
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This came after directives asking the companies to refund investors' money, along with interest, did not materialise. These firms had raised funds from investors without complying with regulatory norms.
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Based on representations received from various stakeholders and in view of the emerging landscape of the domain of investment advice... it is now specified that the timeline to comply with the enhanced qualification and experience requirements.. is extended to September 30, 2025, Sebi said
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In a statement, the regulator said it has formed Working Groups to recommend simplification of various Sebi rules.
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These allotments resulted in the issuance of shares to more than 49 shareholders in one financial year in violation of the Sebi's DIP guidelines.
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Also, the regulator has put in place operational norms, including the obligations of regulated entities and registered intermediaries that have interfaces with investors or account holders who are natural persons.
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Capital market regulator SEBI has extended the timeline for verification of market rumours by listed entities
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Capital Small Finance Bank has filed draft papers with markets regulator Sebi to mobilise funds through an Initial Public Offering
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NSE Clearing Ltd is a wholly-owned subsidiary of the National Stock Exchange (NSE) and Indian Clearing Corporation Ltd (ICCL) is an arm of BSE.
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It has been directed to pay the fine within 45 days, the Securities and Exchange Board of India (Sebi) said in its order.