The Regulatory Shift The Securities and Exchange Board of India (SEBI) recently issued a stern order against Rajesh Exports, highlighting critical lapses in the company’s financial disclosures and revenue verification processes. This regulatory action, occurring in late 2024, centers on the company’s inability to independently verify revenues from its overseas subsidiaries, prompting a broader examination…
Market Regulator Takes Decisive Action The Securities and Exchange Board of India (SEBI) has barred the promoter of Rajesh Exports Ltd, India’s largest gold products exporter, from accessing the securities market following allegations of a staggering ₹15 lakh crore revenue discrepancy. The regulatory order, issued this week, mandates that the company provide full cooperation with…
The Supreme Court of India on Tuesday set aside a 2020 order from the Securities Appellate Tribunal (SAT) that directed Reliance Industries Limited (RIL) to disgorge approximately Rs 447 crore in connection with alleged irregularities in the sale of shares. The bench, led by the Chief Justice of India, partially allowed the appeal filed by…
Proposed Changes to Mutual Fund Liquidity Management The Securities and Exchange Board of India (SEBI) has unveiled a proposal to permit mutual funds to utilize intraday borrowing lines as a dedicated cash management tool. Announced in a consultation paper released this week, the regulator aims to improve liquidity management, trading flexibility, and operational efficiency across…
Global financial circles are currently grappling with significant policy debates, as discussions resurface regarding the necessity of mandatory quarterly financial reports for publicly traded companies, while simultaneously, the United Kingdom faces renewed and stark warnings over its escalating national debt. The Evolving Landscape of Corporate Transparency Mandatory quarterly financial reporting became a cornerstone of investor…
Discover how Bank of America Securities settled a significant insider trading case with SEBI, underscoring India’s market integrity efforts.
The Securities and Exchange Board of India (Sebi) has introduced a new regulatory framework mandating that stock indices with a combined market capitalization of at least Rs 20,000 crore be classified as ‘significant indices.’ Announced this week, this move targets major benchmarks like the Sensex and Nifty, aiming to bolster market integrity and mitigate systemic…