However, after mutual discussion and agreement, SEBI has given the MF industry extended timelines until July 1, 2022
In an interaction with Shine Jacob, Revankar says the company is expecting a growth rate of 10 per cent in assets under management (AUM) in 2022-23
The complaint has been filed with the Securities and Exchange Board of India (Sebi) as well as with the US Securities and Exchange Commission (US SEC)
In 2019, India's score improved from 'below average' to 'average', thanks to investor-friendly regulations introduced by the Securities and Exchange Board of India
The standardised framework will help bring about uniformity in the classifications being used across sectors and in securities market
According to reports, Nippon India chief executive Sundeep Sikka's role is also being examined by Sebi
Sebi initiated a preliminary investigation into the company's IPO in February 2012 and later an extensive probe was conducted to ascertain whether there were any violations of regulations
Providing more time to fund houses, Sebi extended the deadline for implementing certain directions for mutual funds, including those pertaining to usage of pool accounts for transactions, to July 1.
Provision for barring fund houses from launching new schemes, charging exit load
Regulator, however, refuses to accept India Inc's demand of deferring implementation of new norms
Canada ranks seventh in terms of FPI investments into India, the total being Rs 1.7 trillion as of February 28 this year.
According to brokers and mutual fund transfer agents, millions of demat accounts as well as mutual fund (MF) folios are yet to link their PAN and Aadhaar
Sebi's Adjudicating Officer Geetha G said that no monetary penalty is warranted in respect of the allegations levelled in the instant matter
The top ten winners of the ideathon stand would get cash prizes worth Rs 5,00,000
Passive breaches are generally that have not arisen due to omission and commission of Asset Management Companies (AMCs)
The board of Sebi also approved the budget for the regulator for the financial year 2022-23.
Ruchi Soya Industries has filed a first information report in Haridwar to investigate the origin of the messages doing the rounds on social media
For data exchange and verification across depositories, format for unique asset ID would be a 12-digit alphanumeric string
The market regulator said the move will "remove regulatory arbitrage" between the two pooled investment vehicles.
The hiring spree is expected to jack up costs for the industry