The Securities and Exchange Board of India (Sebi) has imposed a total penalty of ₹2 crore on JM Financial Asset Management, its trustee company, its former chief executive Bhanu Katoch and four other individuals for violating mutual fund rules. The regulator had observed an unusual jump in in the net asset value (NAV) of a … Read more
Mumbai: The Securities and Exchange Board of India (Sebi) on Thursday launched a beta version of the settlement calculator to simplify the process of arriving at an indicative settlement amount. The settlement calculator contains fields that the applicant may identify in terms of the violations. It also enables the applicant to select the appropriate options … Read more
Mumbai: More than half a dozen foreign portfolio investors (FPIs) that owned substantial stakes in Adani Group firms are looking to settle securities violation matters with markets regulator Sebi, said people familiar with the matter. They have agreed to pay a certain amount as fines, the people said. The legal representatives of eight FPIs – … Read more
