At the beginning of the period under review, 3,526 complaints were pending and 3,383 complaints were received during the month.
These defaulters failed to return investors’ money or failed to pay fines imposed on them by the regulator for various offences related to the securities market.
Market regulator Sebi will issue certificate of registration for gold vault managers on the basis of proper computerised set-up for deposit, storage and withdrawal of gold. Vault managers can also issue electronic gold receipts in lieu of physical gold.
A notice or an order issued under these rules has to be served on the person by delivering or tendering it to that person or his duly authorised agent.
The Securities and Exchange Board of India (Sebi) keeps coming with a new set of rules and regulation to strengthen the system to make it fairer and more transparent for investors. Here is roundup of what all new regulation and changes come in to existence in year 2021.
Amendments will also be effected to cap the number of shares that can be offered by selling shareholders and to increase the lock-in period for shares subscribed by anchor investors.
SEBI on Friday imposed fine on Cals Refineries Ltd, its officials and one entity in a matter relating to manipulation in the issuance of global depository receipts (GDRs).
At present, the Securities and Exchange Board of India Act, 1992 does not prescribe any period of limitation for issuance of a show-cause notice (SCN) or completion of the adjudication proceeding.
Sebi has asked the intending bidders to make their independent enquiries regarding the measurement, nature, classifications, litigations, etc of the properties put on auction.
Sebi said Ramit Chaudhari and Keyur Maniar should desist from directly accessing the securities market till the completion of the ongoing investigation into the matter.
As per the rules, trustees and Asset Management Companies (AMCs) will have to ensure that the assets and liabilities of each scheme are segregated and ring-fenced.
As per the new Sebi’s investor charter for mutual funds, investors have been assigned rights and responsibilities. A previous Sebi circular required mutual funds to update investor complaint data within 2 months of the close of each financial year.
Tyagi stressed the need for in-depth research on ESG norms with a focus on developing high quality, objective, content-specific rating matrices.
Recent data shows that individuals having an annual income of Rs 5 lakh or less contribute more than 70 per cent of individual MF investments, but higher-income groups have a higher share of AUM.
Recent IPOs by new-age companies like Paytm and Nykaa were offers for sale to offload existing shares rather than for raising funds for further expansion.
The application notice dated October 28, states the tenure of the appointment would be for a maximum of five years or until 65 years - whichever is earlier. The last date for the application is December 6, 2021.
The first-tier benchmark shall be reflective of the category of the scheme and the second-tier benchmark should be demonstrative of the investment style.
Additionally, SEBI stated that the minimum gap between issuing of the SR and filing of the red herring prospectus has been reduced to three months from the present requirement of six months.
A farmer sits near his red chillies at a deserted APMC market, during the weekend curfew imposed by the Karnataka government to curb the spread of COVID-19, in Hubballi.PTI Photo
Delhi Chief Minister & AAP National Convenor Arvind Kejriwal being welcomed by women supporters during his door-to-door campaign ahead of the Goa Assembly elections, in Goa.PTI Photo
A health worker collects swab sample of a woman for COVID-19 test, amid concerns over rising Omicron cases, in Gurugram.PTI Photo
Traffic jam on a road at Shalimar Bagh during the weekend curfew imposed by the Delhi government to curb the spread of Covid-19, in New Delhi.PTI Photo/ Shahbaz Khan
The Lajpat Nagar market wears a deserted look during the weekend curfew imposed by the Delhi government to curb the spread of Covid-19, in New Delhi.PTI Photo/ Shahbaz Khan
He would take his colour, brushes and canvas outside to paint and talk with his love. He would stand close to the window and paint, keeping an eye on his muse.
They say the violin mimics the human sound. In his case, it was that of love, of longing. He didn’t know any other way of loving.
Younger people do not have much progressive beliefs; a 2017 survey found that one-third of young people opposed inter-caste marriage.
The pandemic has made it clear that virtual learning is here to stay. In the West, the big question is whether it will dilute the quality of the college experience and education. In India, which grapples with digital divide, the question remains whether this will reach most people at all.
Even after two years of the Covid-19 pandemic, many 'informed' individuals in India continue to deny the virus with unscientific claims and unfounded data. The latest? Omicron will end the pandemic.
Across Asia there are deeply entrenched obstacles to a mode of higher education that is liberal in multiple senses – disciplinary and epistemological but also social and political.
The two incidents in the recent past, one in Mon district of Nagaland and the other at Lakhimpur Kheri in Uttar Pradesh, undermined the core principles democracy and federalism.