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Securities / Derivatives
SEBI Requires Listed Companies to Disclose Defaults Within 24 Hours
By Editors | 22/11/2019
Effective from 1 January, once a listed company falls 30 days behind on loan repayment it will have 24 hours to disclose the default, even before it is classified as an NPA by the lender.
Capital / Liquidity
MCA Releases Interim Rules for Handling NBFC Insolvency
By Editors | 20/11/2019
The framework will serve as an interim mechanism to deal with any urgent situation at systemically important NBFCs, pending the introduction of a full resolution framework.
Securities / Derivatives
SEBI Mandates Mapping of Brokers’ Client Codes with Demat Accounts
By Editors | 19/11/2019
The measure has been put in place to detect the diversion of client securities by brokers at an early stage so allow for appropriate preventive measures.
Securities / Derivatives
SEBI Cuts IPO Listing Time to Just Three Days
By Editors | 13/11/2019
The move comes as the country’s securities regulator has extended its timeline to make all retail applications for public equity issues to be paid exclusively using digital payment application, UPI.
Securities / Derivatives
SEBI Issues New Operations Guidelines for Foreign Investors
By Editors | 11/11/2019
Under the new guidelines, banks from non-BIS countries are eligible for FPI licences, and foreign firms can directly invest in India on behalf of their clients.
Fintech / Regtech
RBI Invites First Sandbox Applicants to Test Retail Payments Products
By Editors | 09/11/2019
Initially, mobile payment services, offline payment solutions, and contactless payments will be considered for inclusion in the regulatory sandbox.
AML / KYC
SEBI Allows Intermediaries, Funds to Use Aadhaar for e-KYC
By Editors | 08/11/2019
Intermediaries and mutual fund distributors are not allowed to store investors’ Aadhaar numbers “under any circumstances”.
Capital / Liquidity
SEBI Mandates Immediate Disclosure of NPA Divergences
By Editors | 04/11/2019
SEBI has directed listed banks to disclose any divergences in bad loan provisioning immediately, rather than waiting to publish the information in their annual financial statements.
Securities / Derivatives
BSE, NSE Increase Margin Requirements for Certain Stocks
By Editors | 04/11/2019
The higher margins apply to stocks with a higher levels of promoter pledges, market cap, trader concentration and volatility.
Enforcement
SEBI, US SEC Probe IT Major Infosys for “Unethical Practices”
By Editors | 28/10/2019
SEBI and the US SEC are probing Infosys after whistleblowers alleged costs were under-reported to inflate profits and “critical information” was hidden from auditors and the board.
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