Govt tightens norms for removal of independent directors

Govt tightens norms for removal of independent directors Independent directors appointed for a second term at corporates can now be removed only by a special resolution passed by shareholders, with the government tightening the rules.Before removal, such independent directors should also be given “reasonable opportunity of being heard”, according to the corporate affairs ministry. The […]

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SEBI sets conditions on promoters selling holdings to achieve MPS norms

SEBI sets conditions on promoters selling holdings to achieve MPS norms The Securities and Exchange Board of India (Sebi) has set conditions on promoters selling their holdings in the open market to achieve minimum public shareholding (MPS) norms. The regulator has issued a list of disclosures that companies will have to make at least a […]

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Sebi may tighten AIF regulations to better monitor the source of funding

Sebi may tighten AIF regulations to better monitor the source of funding The regulator may also conduct regulatory audits on the AIFs to examine the fund sourcing arrangements it has entered into with its investors to ensure that the present regulations are not violated The Securities and Exchange Board of India (Sebi) plans to tighten […]

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SEBI plans safeguards for overseas investors taking private bank route

SEBI plans safeguards for overseas investors taking private bank route The Securities and Exchange Board of India (Sebi) is planning checks and balances on overseas investors taking the ‘private bank route’ to invest in domestic markets. The move comes after several industry players expressed concerns that the new route allowed by the Sebi could be […]

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MSCI will continue to get data for ETFs: NSE

MSCI will continue to get data for ETFs: NSE The National Stock Exchange (NSE) plans to continue to provide data to global index providers, including the MSCI, to enable overseas investors to take exposure to the Indian market through their exchange-traded funds (ETFs). There were concerns among market participants on whether the domestic exchanges would […]

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