SEBI Simplifies Norms to Access Unclaimed Amount in REITs, InvITs, Debt Securities   Introduction: The Securities and Exchange Board of India (SEBI) has introduced detailed procedures for dealing with unclaimed funds of investors lying with entities having listed non-convertible securities, REITs and InvITs. SEBI has also put in place a mechanism for claiming such unclaimed amounts by investors. The new framework will become effective from March 1, 2024, according to two circulars released by SEBI. […]

The Life and Times of Subrata Roy: A Journey from Rags to Riches to Jail   Introduction Shankar’s book “Bangalir Bittyosadhana, Saharar Itikatha” (Bengali’s financial aspirations, Sahara’s history) which was published in 2003 with a photo of Subrata Roy on the cover highlighted the unworldly rise of Roy’s from a modest salted snacks seller to a billionaire media-to-realty business magnate. It showcased Bengali’s youth aspiration for wealth and success. However, the book depiction only covers […]

SEBI to Review Delisting Process and Insider Trading Norms in Upcoming Meeting: Madhabi Puri Buch   Market regulator, SEBI, set to discuss changes in delisting regulations and insider trading norms in its next meeting, according to Madhabi Puri Buch, the chairperson of the board. The meeting, scheduled for December or January, will address potential amendments and improvements to enhance transparency and trust in the stock market. Read on to learn about the proposed changes and […]

SEBI Chairperson Cautions Investors Against Heavy F&O Bets   Securities and Exchange Board of India (SEBI) chairperson, Madhabi Puri Buch, delivered a warning to retail traders regarding their participation in the derivatives market. Speaking at the launch of the Investor Risk Reduction Access (IRRA) platform, Buch emphasized the importance of focusing on long-term prospects offered by equity markets instead. The Risk of Short-term Trading Buch referred to a study conducted by SEBI the previous year, […]

After RBI tightens lending norms, will fintech see a slowdown? Experts explain   The Reserve Bank of India (RBI) recently released new guidelines requiring lending institutions to increase their risk weightage to cover unsecured loans disbursed by them. Industry experts predict that the fintech and NBFC segments in India will be severely affected by this directive.     Higher Risk Weightage As per the new guidelines, fintech platforms offering unsecured personal loans, consumer durable loans, […]