SEBI allows bonus issue trading to start T+2 days from record date
Under the new guidelines, trading will commence on the second working day after the record date, reducing delays and improving market efficiency.
Under the new guidelines, trading will commence on the second working day after the record date, reducing delays and improving market efficiency.
Their six-page rebuttal offers detailed clarifications, addressing the "malicious campaign", particularly regarding Dhaval's consulting assignments and Madhabi's tenure at SEBI as the chairperson.
The entities have been found to have either received illegally obtained loans or served as intermediaries in facilitating the unlawful fund diversion from RHFL.
AIFs can now borrow funds for up to 30 days and no more than four times a year, with a required 30-day gap between loans, says SEBI.
The tighter derivatives rules include increasing minimum contract sizes by up to four times, collecting options premiums on an upfront basis, and reducing the number of weekly contracts.
To deter retail investors, SEBI has placed a minimum investment limit of Rs.10 lakh, across one or more investment strategies, under the new asset class offered by an AMC/MF
“The excess related party transactions entered into by the company with PPBL during the FY 2021-22 is without due approval of either the audit committee or the shareholders,” read the SEBI letter.
JM Financial can, however, continue to act as a lead manager for the public issue of debt securities for the existing mandates for 60 days from the date of the order.
The guidelines are applicable beginning August 29, and MIIs have been asked to put in place systems for implementation of the guidelines within 120 days of issuance.
At present, large corporate entities include all listed entities except scheduled commercial banks, which have an outstanding long-term borrowing of ₹100 crore or above.