The board of the capital markets regulator, the Securities and Exchange Board of India (Sebi) will have a new look as two members exit after the end of their respective terms to make way for two incoming candidates. The Sebi chief, while also a full-time member of the board, reports to it. IIM Bangalore professor … Read more
Mumbai: The Securities and Exchange Board of India (Sebi) has proposed relaxation of rules on valuation of investment portfolio of alternative investment funds (AIFs). These easing of norms relate to change in valuation methodology on material change, computing valuation of investment portfolio of AIFs, eligibility criteria of independent valuers to be appointed by AIFs and … Read more
Mumbai: The Securities and Exchange Board of India (Sebi) on Friday proposed to allow domestic mutual funds to invest in overseas mutual funds that invest certain portion of their assets in Indian securities. Currently, there is ambiguity regarding rules on investments in such overseas funds. This deters mutual funds from investing in those overseas mutual … Read more
Mumbai: The Securities and Exchange Board of India (Sebi) Wednesday extended the deadline for Life Insurance Corporation (LIC) to achieve a 10% public shareholding by three years, pushing it to 2027. This extension provides LIC with much-needed flexibility on regulatory requirements as its current public shareholding is just 3.5%. Earlier, LIC had got a one-time … Read more
NSE has suspended trading in Brightcom Group shares with effect from June 14, 2024, after the company failed to declare its quarterly earnings for two consecutive quarters ending September 30, 2023, and December 31, 2023. The suspension comes in accordance with market regulator Securities and Exchange Board of India (Sebi) Master Circular of July 11, … Read more
