E India CA

Professional Updates for Chartered Accountants

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Relief for FPIs as SEBI eases KYC guidelines

The Securities and Exchange Board of India (Sebi) on Friday relaxed know-your-client (KYC) requirements norms for foreign portfolio investors (FPIs). After considering the interim recommendations of the Sebi working group under the chairmanship of Harun R. Khan, a former deputy governor of the Reserve Bank of India, the capital mark...

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Illegal trades: Sebi gives tax dept, government information on 15,000 entities

NEW DELHI: Continuing efforts to crack down on illegal trading activities, SEBI has shared its findings on nearly 15,000 entities that have indulged in non-genuine trades through illiquid stock options with the income tax (I-T) department and the ministry of corporate affairs, according to a senior official. The markets regulator ...

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SEBI’s new regulations sync with the Insolvency and Bankruptcy Code

A lot has been said and written on the Indian insolvency law—the Insolvency and Bankruptcy Code, 2016 (IBC). It is one of the big-bang reforms of the Modi government that seems to have started yielding tangible results. All the action and media attention has been focused on the 12 large stressed companies, which were referred to un...

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Sebi softens stand on shell companies, says action based on ministry’s list

Two days after suspending trading in 331 listed shell companies, the capital markets regulator, Securities and Exchange Board of India (Sebi), ordered stock exchanges to verify their credentials and fundamentals. In a letter to the exchanges on Wednesday, the markets regulator hinted if a company’s business model appeared s...

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Sebi crackdown on trading in 331 shell companies blocks investors’ Rs 9,000 cr

The government crackdown against 331 “suspected shell companies” has hit several investors, including mutual funds and small investors, who hold shares worth nearly Rs 9,000 crore in these companies.   In a late circular on Monday, market regulator Securities and Exchange Board of India (Sebi) directed stock exchanges to i...

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Sebi sends notices to angel networks seeking details on their fundraising biz

Angel networks which serve as vital link between startups scrounging for funds and faceless investors, are being scowled at by the financial market regulator. Securities & Exchange Board of India (Sebi) has shot notices to at least half a dozen angel firms in the past one and half months, asking them to spell out details of...

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SEBI’s new bond rules to reduce corporates’ funding sources: Fitch

The new regulations of the Securities and Exchange Board of India (SEBI) on foreign holdings of rupee-denominated corporate bonds will reduce options for companies to diversify their funding sources, says a report. Last week, the market regulator had said that foreign purchases of rupee-denominated corporate notes would only be perm...

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Sebi may ask companies to keep bourses in loop on defaults

The Securities and Exchange Board of India (Sebi) is planning to make it mandatory for listed companies to inform stock exchanges if they fail to make interest and loan installment payments on time in order to ensure greater fiscal discipline and keep shareholders better informed. The regulator is considering the timeframe within ...