SME IPO listing rules, Insider trading on the agenda, ET LegalWorld
The Securities and Exchange Board of India (SEBI) is expected to hold a crucial board meeting today, 18th December 2024, to discuss significant regulatory reforms, including tightening regulations for small and medium enterprise (SME) IPO listings and expanding insider trading norms, sources told ET Now. SME Listing One of the key areas of focus is […]
Two individuals settle insider trading case with Sebi, Legal News, ET LegalWorld
Two individuals have settled a case with capital markets regulator Sebi pertaining to alleged violation of insider trading rules in the scrip of Balaji Amines Ltd after paying Rs 27.95 lakh towards settlement charges collectively. The settlement order came after — Naveena Chandra Thammishetty and Kashinath Revappa Dhole — filed settlement applications on February 21-22, […]
Sebi lifts curbs on 16 entities in Infosys insider trading case, ET LegalWorld
Sebi on Monday lifted restrictions imposed on 16 entities, including some former employees of Infosys, in a case pertaining to alleged insider trading activities in IT major shares. The regulator also directed that the prohibition slapped on six entities — Amit Bhutra, Bharath C Jain, Capital One Partners, Tesora Capital, Manish C Jain and Ankush […]
Sebi’s proposed insider trading amendments face criticism for expanding definitions, ET LegalWorld
Sebi recently proposed amendments to the Sebi (Prohibition of Insider Trading) Regulations 2015. Under PIT regulations, an ‘insider’ is someone who has access to unpublished price-sensitive information (UPSI) or is a ‘connected person’. The proposal expands the current law, which criminalises certain conduct by creating a presumption, effectively overturning the ‘innocent until proven guilty’ principle. […]