Markets regulator Sebi on Friday proposed that listed entities should make all payments, such as dividends, interests and redemptions, through electronic mode only.
The proposal is aimed at streamlining payment processes and enhance security, convenience and efficiency for all investors.
Current Sebi’s LODR (Listing Obligations and Disclosure Requirements) rules allows electronic payments but permits cheques or warrants if electronic transfers fail, especially for amounts over Rs 1,500.
Failures occur when a securityholder’s bank details are incorrect or unavailable, requiring companies to send cheques. According to recent data, 1.29 per cent of electronic dividend payments fail for the top 200 listed companies, Sebi said.
In its consultation paper, the Securities and Exchange Board of India (Sebi) has proposed making all payments, including dividends and interest, in electronic form for both demat and physical securityholders.
Investors would be encouraged to update their correc

The cases where SEBI chairperson Madhabi Puri Buch recused herself due to potential conflict of interest is not “readily” available and collating them would “disproportionately divert” its resources, the securities market regulator said in an RTI response on Friday.
In the response furnished to transparency activist Commodore Lokesh Batra (retd), the regulator also refused to provide copies of Buch’s declarations to the government and SEBI Board on the financial assets and equities held by her and her family members on the grounds of these being “personal information” and that their disclosure may “endanger” personal safety.
It also denied to disclose the dates on which the disclosures were made. The SEBI Central Public Information Officer (CPIO) used the grounds of “personal information” and “safety” to deny copy of those declarations.
“Since the information sought do not pertain to you and the same relates to personal information, the disclosure of which has no relationship to any

Sebi has set conditions for the flexibility to ensure risk management

Tata Steel today successfully commissioned India’s largest blast furnace at Kalinganagar, Odisha. With a total investment of Rs 27,000 crore, the Phase II expansion at Kalinganagar will take the total capacity at the site from 3 million tonnes per annum (MTPA) to 8 MTPA. The new facility was inaugurated by T. V. Narendran, CEO and Managing Director, Tata Steel, in the presence of senior leaders of the Company.

This flexibility to participate in CDS would serve as an additional investment product for mutual funds, Sebi said in a circular