Capital markets regulator Sebi on Tuesday said it will no longer accept demand drafts concerning the fee charged for requesting informal guidance about applicability of rules.
Now, the regulator will accept the fee by way of direct credit into its bank account.
Sebi’s Informal Guidance Scheme enables certain entities to request for informal guidance regarding the applicability of laws and regulations administered by the markets regulator in the form of “No Action Letters” or “Interpretive Letters” from the markets watchdog.
In a statement, Sebi said that it has been decided to do away with the acceptance of a demand draft with respect to the fee charged for making a request under the scheme.
Accordingly, the regulator said that the request under the informal guidance “shall be accompanied with a fee of Rs 25,000 by way of direct credit into the bank account of the board through NEFT/RTGS/IMPS or online payment using the Sebi payment gateway”.
To give this effect, the Securities an
Posts in category Business Standard
Informal Guidance: Sebi discontinues fee payment via demand draft (27-06-2023)
Bitcoin nears 1-year high as Fidelity reportedly eyes exchange-traded fund (27-06-2023)
This is Fidelity’s second attempt for a Bitcoin ETF
Sebi gives norms for compliance with 25% minimum public holding rules (27-06-2023)
Markets regulator Sebi on Tuesday provided methods such as an offer for-sale mechanism, rights issue and issuance of bonuses to unitholders of REITs and InvITs to achieve compliance with the 25 per cent minimum public holding requirement.
The rule mandates that any listed REIT (Real Estate Investment Trust) or InvIT (infrastructure investment trust), which has public unitholding below 25 per cent, will have to increase its public unitholding to at least 25 per cent within a period of three years from the date of listing of units.
To facilitate REITs and InvITs to achieve minimum public unitholding compliance, Sebi said that managers of these trusts will have to adopt any method suggested by the regulator.
Methods include the issuance of units to the public through an offer document, offer for sale (OFS) of units held by the sponsor, manager and their associates to the public through an offer document and OFS of units through the stock exchange mechanism for compliance with the …
HDFC twins shine: Banking counters stay buoyed up, Sensex up 446 points (27-06-2023)
The Nifty now trades at over 20 times its estimated earnings for the financial year 2023-24 (FY24). Experts believe financials is one sector which still offers value
Sebi asks CRAs to disclose lists of non-cooperative issuers with them (27-06-2023)
With an aim to boost transparency, capital markets regulator Sebi on Monday asked credit rating agencies to disclose lists of issuers who are non-cooperative with them.
This comes after Sebi observed over the time the number of issuers that are non-cooperative with CRAs (Credit Rating Agencies) have increased, with a vast majority of INC issuers being unlisted and small entities.
In this regard, to provide enhanced transparency and information regarding non-cooperative issuers to various stakeholders, market participants and investors, Sebi said, “CRA shall disclose two lists of issuers who are non-cooperative with the CRA, separately for securities that are listed, or proposed to be listed, on a recognised stock exchange, and other ratings.”
The list would be disclosed in a prescribed format and the disclosure would be updated on a daily basis, the Securities and Exchange Board of India (Sebi) said in a circular.
The new circular will be applicable with effect from July 15, 2023,
NSE withdraws plan to move Nifty Bank derivative contracts to Friday (27-06-2023)
BSE said it had obtained market feedback that coinciding expiry with Nifty Bank derivatives can potentially impact the growth of their derivative segments
Stock market holiday for Bakri Eid shifted to Thursday instead of Wednesday (27-06-2023)
The rescheduling of the holiday led to changes to the timelines for derivatives expiry as well as initial public offerings
Karnataka govt to reopen Bitcoin scam, to get it probed thoroughly (27-06-2023)
The Congress government in Karnataka on Tuesday said it will get the Bitcoin scam taken place during the previous BJP government thoroughly investigated.
The case is likely to be handed over to the Criminal Investigation Department (CID), Home Minister Dr Parameshwara has hinted.
Speaking to reporters in Hassan today, CM Siddaramaiah said all irregularities and scams of the BJP government including the Bitcoin scam will be probed.
Parameshwara charged that the BJP tried to close the matter but the Congress government will get it investigated.
“Regarding Bitcoin, I have said that whatever incident has happened will be thoroughly investigated. For whatever reason, the previous government had closed it. When we were in the opposition, we had said that we will get it investigated if we come to power. We will take all steps to reinvestigate it, Parameshwara told reporters here.
He also said the Bengaluru Police Commissioner has written to the Director General of Police recommending tha
Have no associations with cryptocurrency of any form, says Ratan Tata (27-06-2023)
“If you see any articles or ads mentioning my association with cryptocurrency, they are absolutely untrue and meant to scam citizens,” he added
Bitcoin soars 20% in 11 days after BlackRock files application for spot ETF (27-06-2023)
BlackRock filed for a prospective spot bitcoin ETF on June 15, undeterred by the Securities and Exchange Commission’s (SEC) past record of rejecting every such application