Page 14 - Latest Updates on SEBI
What lessons can Sebi learn from its U-turn on splitting CMD role?
Despite four years effort, Sebi's attempt to introduce global practice of keeping the offices of chairmen and MDs at companies separate in India didn't yield results. What does this about turn mean?
 "What lessons can Sebi learn from its U-turn on splitting CMD role?")
TMS Ep111: SEBI U-turn, plant-based meat, crude oil prices, Github
What are the lessons from Sebi's U-turn on splitting CMD role? What is the future of plant-based meat in India? How will crude oil prices play out in the days to come? What is Github? All answers here
 "TMS Ep111: SEBI U-turn, plant-based meat, crude oil prices, Github")
NSE's 2016 DRHP filing made only a brief reference to Anand Subramanian
The DRHP, which must enlist all key risk factors, came in within two months of Anand Subramanian quitting as Group Operating Officer and Advisor to MD and within weeks of Chitra Ramkrishna's leaving
 "NSE's 2016 DRHP filing made only a brief reference to Anand Subramanian")
Chitra Ramkrishna, Subramanian ran money making scheme, alleges Sebi
Sebi's Feb 11 order cites frequent hike in Subramanian's compensation without proper appraisal, documentation or file notings, and with no involvement of HR head or NRC
 "Chitra Ramkrishna, Subramanian ran money making scheme, alleges Sebi")
Cooperating with regulator in probe of alleged information leak: NSE
The NSE said the matter involving leak of confidential information to an unknown person by its erstwhile chief Chitra Ramkrishna was an old issue and the exchange had already made a course correction.
 "Cooperating with regulator in probe of alleged information leak: NSE")
Poonawalla Fincorp looking to exceed AUM of Rs 21,000 crore by FY23
The Poonawalla Fincorp AUM was flat at Rs 15,228 crore at the end of December 2021 against Rs 15,006 crore in December 2020
 "Poonawalla Fincorp looking to exceed AUM of Rs 21,000 crore by FY23")
Chitra Ramkrishna's fall from grace: 'Queen of bourses' to Rs 3-cr penalty
Ramkrishna was the third woman to head an exchange in the Asia-Pacific region after Sri Lanka's Colombo Stock Exchange and China's Shenzhen Stock Exchange
 "Chitra Ramkrishna's fall from grace: 'Queen of bourses' to Rs 3-cr penalty")
NSE says has made several changes at board and management level
The exchange said it is committed to the highest standards of governance and transparency and will extend full co-operation to the regulator for a satisfactory closure of the matter
Splitting headaches
Sebi should have opted for a gradual approach
 "Splitting headaches")
Took measures to address concerns raised in Sebi's order: NSE
NSE responds to Sebi order on governance lapses, says will extend 'full co-operation'
 "Took measures to address concerns raised in Sebi's order: NSE")
NSE co-location case: Sebi fines Adroit Financial, Silver Stream Equities
Sebi imposed a penalty of Rs 6 lakh each on Adroit Financial Services and Silver Stream Equities for flouting norms with respect to using National Stock Exchange's co-location facility.
 "NSE co-location case: Sebi fines Adroit Financial, Silver Stream Equities")
Sebi penalises two brokers in NSE colocation case
Sebi order says they continuously tried to log into the secondary server of NSE for faster access
LIC sits on over Rs 21,500-cr unclaimed funds, shows DRHP
State-owned insurance behemoth LIC had unclaimed funds to the tune of Rs 21,539 crore as of September 2021, according to draft prospectus filed for IPO with market regulator Sebi
 "LIC sits on over Rs 21,500-cr unclaimed funds, shows DRHP")
Top headlines: India Inc coffers swell; Sebi eases rules on top exec roles
The ambition of turning into a $350-billion industry by 2026 appears to be achievable for the Indian IT sector. More on that story in top headlines.
 "Top headlines: India Inc coffers swell; Sebi eases rules on top exec roles")
Need more probe into NSE 'puppet master': Corporate governance experts
Experts say if indeed 'everyone was asleep at the wheel', finance ministry needs to act 'expeditiously'
A new frontier for regulators
While institutional investors still own roughly the same amount of equity that they did a few years ago, they are now far more vocal
Related-party trouble
Seeking shareholder approval would impede normal functioning
Sebi makes separation of Chairman, MD posts voluntary for India Inc
Reprieve will benefit more than 150 companies, including Reliance Industries, Hindustan Unilever, Bajaj Finserv and Adani Ports
 "Sebi makes separation of Chairman, MD posts voluntary for India Inc")
Top headlines: CMD role split made voluntary; SpiceJet posts profit in Q3
Here are the top headlines on Tuesday
Initiate next generation reforms to improve ease of doing biz: FM asks Sebi
The minister's remarks come against the backdrop of the Federal Reserve deciding to tighten its monetary policy after a long period of easy money regime
 "Initiate next generation reforms to improve ease of doing biz: FM asks Sebi")
