SAT received a record 1,192 appeals last Fiscal
The Securities Appellate Tribunal (SAT) received a record 1,192 appeals during FY’23, up 53% from the previous year, according to the Annual Report, released on Monday 7th August.
SEBI Moots Proposal To Improve Safeguards Within Account Aggregators Framework
Securities markets regulator SEBI has released a consultation paper that deals with use cases of Financial Information Users (FIU). The proposal intends to strengthen the safeguards within Account Aggregators (AA) framework and curb fraud and mis-selling.
SEBI has received 4,085 complaints on Corporate governance in four years
In the past four and a half years, the capital markets regulator SEBI has received 4,085 complaints alleging that 1,551 companies have violated corporate governance standards. Pankaj Chaudhary, minister of state for finance, stated in a written reply to the Rajya Sabha. Minister stated that of these
Top firms face hurdles as a result of SEBI’s new ESG reporting standards
Top Indian companies are struggling to compile ESG-related data as mandated by SEBI. The non-financial data is scattered across various internal systems thus its aggregation and compilation pose a challenge.
SAT overturns SEBI’s punishment of NSE and former CEOs in the Co-location case
The Securities Appellate Tribunal (SAT) has overturned market regulator SEBI’s order of February 2021. The Securities and Exchange Board of India (SEBI) had imposed a penalty of Rs 1 Cr on the NSE and a separate penalty of Rs 25 lakh each on the exchange’s former chiefs Ravi Narain and Chitra Ra
Sebi establishes a regulatory framework for listed companies’ value chain ESG reporting
SEBI's recently released legal framework for listed firms regarding ESG (Environment, Social, and Governance) disclosures on supply chain and assurance would also include upstream and downstream partners.
Companies preparing to go public are advised to give up their director nominating rights
The Securities and Exchange Board of India (Sebi) has asked the companies seeking Initial Public Offerings (IPOs) to give up their director nominating rights.
SEBI to established a panel to review SCRA
The Securities Contract Regulation Act (SCRA), which has been in effect for 67 years, will be modified, according to plans by the Securities and Exchange Board of India (Sebi).
Promoters are required to reveal familial pacts: Sebi
Promoters will no longer be able to conduct such transactions legally after July 15 if they fail to declare to exchanges any family settlement agreements or other arrangements that affect the management control of listed firms.
SAT denies Subhash Chandra and Punit Goenka a temporary relief
The Securities Appellate Tribunal (SAT) declined Subhash Chandra and his son Punit Goenka any temporary relief in response to the Securities & Exchange Board of India (SEBI) judgment.
