Free Press Journal
  • Sebi orders forensic audit against Adhunik

    New Delhi : Markets regulator Sebi on Friday ordered a forensic audit of steel maker Adhunik Industries, which figured among 331 ‘suspected shell companies’, on prima facie suspicion of misuse of the company’s books of accounts.

  • IL&FS and accountability: Not getting along

    As an earlier article showed, the roots of the IL&FS financial crisis lie in its limited accountability. It was not under the full and continuous scrutiny of the Reserve Bank of India (RBI) as banks are. And it was not under the continuous rigorous scrutiny of Securities and Exchange Board of India (Sebi) either as listed companies and their managements generally are. Only the listed entities reported to Sebi.  The parent’s books,

  • Revised KYC norms for FPIs soon

    Mumbai : In a significant move, Sebi on Tuesday said it would soon come out with revised KYC norms for foreign investors and also allow overseas entities to trade in the commodity derivatives market.

  • IL&FS under regulatory scanner

    New Delhi : Crisis-ridden infrastructure conglomerate IL&FS group, once hailed as a pioneer of public-private partnership, has come under the scanner of multiple regulators, including Sebi, for alleged defaults related to financial disclosures and corporate governance, officials said.

  • Fugitive offenders to be barred from accessing capital market

    MUMBAI: The Sebi said fugitive economic offenders and companies promoted by them will not be allowed to access the capital market. Sebi said such offenders, and companies where they are promoters and directors, cannot raise capital through the market by means of public issues, rights issue, or open offer, among other means. The Parliament passed a bill that said a person may be declared a fugitive economic offender if an arrest warrant

  • Share buyback norms revised

    NEW DELHI: Sebi has revised the regulations for share buyback to provide more clarity on the requirement to make public announcements.

  • Sebi board to discuss stricter norms for fiduciaries next week

    New Delhi: Regulator Sebi’s board is likely to discuss next week a stricter framework for fiduciaries in the securities market, including auditors and valuers, according to a senior official. In July, the regulator issued a consultative paper on the proposed Sebi (Fiduciaries in the Securities Market) (Amendment) Regulations for public consultations. The proposal is likely to be taken up at Sebi’s board meeting next week, the official said. The amended norms would be applicable for

  • Sebi to seek power to intercept calls, messages of serious economic offenders

    New Delhi: To bolster its evidence-gathering mechanism, watchdog Sebi is considering seeking powers from the government to intercept calls and electronic communications of those suspected of serious economic offences like insider trading. Acting on recommendations made by a high-powered committee on fair market conduct, the capital markets regulator has prepared a proposal for its board to seek these powers by making necessary amendments in the concerned laws and regulations, a senior official said.

  • Sebi calls for bigger, cleaner & safer markets

    Mumbai: Market regulator Sebi Tuesday called for bigger, cleaner and safer markets and enhancing the overall governance standards in the market for issuers, intermediaries or market infrastructure providers. It also said that call on the recommendations by fair market conduct committee to further strengthen the rules to deter financial crimes like frauds, market manipulations and insider trading, will be taken soon.

  • SEBI recruitment 2018: Apply online for 120 Grade A posts at www.sebi.gov.in

    Capital markets watchdog Sebi is planning to hire as many as 120 officers to beef up its resources for faster and more effective execution of regulatory work. Currently, the regulator has nearly 800 employees including deputation and contract. In a public notice, Sebi has invited applications for the post of officer Grade A (Assistant Manager) for streams like general, legal, information technology and engineering. It plans to recruit 84 officers in general

  • Jet Airways mid-air horror, Jet Airways, DGCA, Directorate General of Civil Aviation, support, mumbai, Jet Airways horror

    Jet Airways comes under Registrar of Companies lens

    Mumbai : The Mumbai Registrar of Companies (RoC) on Thursday ordered a formal inspection of cash-strapped Jet Airways for the alleged siphoning of funds, according to officials familiar with the matter.

  • Jet Airways mid-air horror, Jet Airways, DGCA, Directorate General of Civil Aviation, support, mumbai, Jet Airways horror

    Jet gets $300 mn as lease incentives, debt from banks

    Mumbai : Cash-crunched Jet Airways on Tuesday said it has received an liquidity support of $300 million in the form of advance lease incentives and borrowings from domestic banks.

  • jet-airways-a380

    Jet Airways logs Rs 1,323-cr loss on fuel costs

    Mumbai : Cash-strapped Jet Airways, which on Monday reported a whopping Rs 1,323 crore of net losses for the June quarter due to higher fuel cost, falling rupee and low fares, said it will monetise loyalty programme JetPrivilege and wet-lease some of its small aircraft to mobilise urgent working capital.

  • Jet Air employees’ union seeks clarity on problems

    Mumbai : Amid Jet Airways battling financial problems and coming under the regulatory scanner, an employees’ union of the airline has sought clarity from the management on the issues that have led to the current situation.

  • Sebi looks to beef up surveillance

    New Delhi : Eyeing a major technological leap in its surveillance and investigation functions, markets watchdog Sebi plans to build a private data storage cloud, automate its inspection of brokers and make greater use of data analytics.

  • Jet board to weigh cost-cutting steps in Aug 27 meeting

    New Delhi : The board of crisis-hit Jet Airways will consider cost reduction initiatives and turnaround plan along with June quarter results at its meeting on August 27, according to a regulatory filing.

  • Government unlikely to help Jet Air fly out of turbulence

    New Delhi : Amid Jet Airways facing turbulent times, Civil Aviation Minister Suresh Prabhu has made it clear that private airlines have to deal with issues facing them on their own and the government’s role can only be at the policy level.

  • Shareholding disclosure lapses: 7 entities settles probe with SEBI

    New Delhi: As many as seven entities have settled a probe by markets regulator Sebi into an alleged delay in making shareholding disclosure after paying over Rs 5 lakh towards settlement fee. These entities are — Moderate Leasing & Capital Services, A to Z Holdings, Longwell Investments, SBEC Systems (India) Ltd, Umesh Kumar Modi, Kumkum Modi and Jayesh Modi.

  • Sebi looks to expand scope of cybersecurity initiatives for MIIs

    New Delhi : Regulator Sebi is planning to broaden the scope of cybersecurity initiatives for the market infrastructure institutions (MIIs) and look into the operational modalities of their implementation in order to deal with the cyber challenges.