Sebi asks bourses, clearing corps to take measures to liquidate defaulter members’ assets

New Delhi: Markets regulator Sebi on Monday asked exchanges and clearing corporations to initiate measures for liquidating assets of defaulter members within six months of declaring the entities concerned as defaulters. The watchdog has directed that required measures have to be taken before the appropriate court of law to liquidate …

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Sebi enhances IL&FS case penalty on ICRA, CARE and IndRa to Rs 1 crore

Mumbai: The Securities and Exchange Board of India (Sebi) has enhanced the penalty against three rating agencies- ICRA,CARE and India Ratings and Research to Rs 1 crore each for their lapses in giving credit rating to non- convertible debentures of IL&FS. “I find that the lapses on the side of …

Read moreSebi enhances IL&FS case penalty on ICRA, CARE and IndRa to Rs 1 crore

IL&FS case: Sebi raises penalty to Rs 1 cr each on ICRA, CARE

New Delhi: Markets regulator Sebi on Tuesday enhanced the penalty amount to Rs 1 crore each on rating agencies ICRA and CARE in connection with lapses on their parts while assigning credit rating to non-convertible debentures of IL&FS. The crisis at diversified IL&FS, whose board was superseded by the government, …

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Sebi details framework to protect investors against near zero/negative prices in commodities

Mumbai: The Securities and Exchange Board of India (Sebi) on Monday prescribed an Alternate Risk Management Framework (ARMF) in cases of near zero and negative prices for any underlying commodities or their futures, and said the clearing corporations (CCs) should ensure the readiness of their systems to implement the prescribed …

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Mutual funds seek to calm investors after rule change affects $20 bln in equity assets

By Abhirup Roy Indian fund managers on Monday sought to assuage investor concerns that a regulatory change affecting portfolio structures of some equity funds which manage assets worth $20 billion will make such holdings riskier and destabilise the market. The Securities and Exchange Board of India (SEBI) on Friday said …

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Mutual funds withdraw Rs 17,600 cr from stocks in Jul-Aug

Mutual funds have pulled out Rs 17,600 crore from stock markets in July-August mainly on account of negative sales in equity-oriented schemes. This comes against the backdrop of the coronavirus pandemic-related disruptions, a sharp slowdown in economic activity across the globe and a volatility in equity markets. Prior to the …

Read moreMutual funds withdraw Rs 17,600 cr from stocks in Jul-Aug