Sebi proposes compulsory demat share issuance during stock-split, ET LegalWorld
Sebi is proposing to issue all shares in demat mode in case a company splits or consolidates the face value of its shares. The regulator is also proposing to issue demat shares in case of corporate restructuring. The inherent benefits of demated shares, mainly elimination of risks associated with physical certificates that is loss, theft, […]
Sebi revises norms for mutual fund and demat nominations, aimed at reducing unclaimed assets, ET LegalWorld
Capital markets regulator Sebi has introduced new rules for handling nominations in mutual fund and demat accounts. These changes are aimed at reducing unclaimed assets in the markets. Sebi’s new framework focuses on making the process of transferring assets after the account holder’s death simpler, while ensuring transparency and accountability. Under the new rules, in […]
Sebi orders attachment of bank, demat accounts of Reliance Big Entertainment, ET LegalWorld
Capital markets regulator Sebi on Monday ordered the attachment of bank accounts as well as shares and mutual fund holdings of Reliance Big Entertainment to recover dues of Rs 26 crore. Before this, the markets watchdog on November 14 sent a notice to Reliance Big Entertainment Pvt Ltd (now known as Rbep Entertainment Pvt Ltd) […]
Sebi mulls allowing Associations of Persons to open demat accounts, ET LegalWorld
Markets regulator Sebi on Wednesday proposed allowing Associations of Persons (AOPs) to open demat accounts in their name to hold certain securities, excluding equity shares. The proposal if implemented would promote ease of doing business and encourage the shift from physical to electronic holdings of securities. In its consultation paper, Sebi has proposed amending its […]
Sebi extends deadline to implement direct pay-out of securities to clients’ demat a/c to Nov 11, ET LegalWorld
Markets regulator Sebi on Thursday extended the deadline to implement guidelines mandating the direct pay-out of securities to clients’ demat accounts to November 11. This rule was originally set to take effect on October 14. On June 5, the Securities and Exchange Board of India (Sebi) came out with a circular requiring Clearing Corporations (CCs) […]
Sebi orders attachment of bank, demat accounts of Karvy Stock Broking, its CMD, ET LegalWorld
Markets regulator Sebi on Thursday ordered the attachment of bank accounts as well as shares and mutual fund holdings of Karvy Stock Broking and its CMD C Parthasarathy to recover dues of around Rs 25 crore. Before this, the regulator on August 7 sent a notice to Karvy and Parthasarathy asking them to pay dues […]