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At any time, not more than 1000 investors are allowed. The initial contribution of the fund manager or promoter should be 2.5% or ₹50,000,000, whichever is less (for category 1 and 2) and 5% or ₹100,000,000 for Category 3 AIF [3] In the 2015 Union budget of India, it was announced that foreign direct investments (FDI) would be allowed in ...
SEBI has to be responsive to the needs of three groups, which constitute the market: issuers of securities; investors; market intermediaries; SEBI has three powers rolled into one body: quasi-legislative, quasi-judicial and quasi-executive. It drafts regulations in its legislative capacity, it conducts investigation and enforcement action in ...
The International Financial Services Centres Authority (IFSCA) is the regulatory body for the Indian special economic zones such as the GIFT International Financial Services Centre for International Financial Services and commodity markets under the ownership of the Government of India. [3]
The Calcutta Stock Exchange has been asked to exit by SEBI, but the matter is sub judice before the Calcutta High Court; thirteen other regional stock exchanges have closed in the last three years under SEBI's exit policy, including the Bangalore Stock Exchange, the Hyderabad Stock Exchange and the Madras Stock Exchange. [3]
The Forward Markets Commission (FMC) is the regulatory body for the commodity market and futures market in India.It is a division of the Securities and Exchange Board of India, Ministry of Finance, Government of India.
[21] [22] This was followed by the market regulator, SEBI issuing multiple show-cause notices to the brokers in 2016, 2017, 2018 and 2019 respectively. [23] [24] The EOW-Mumbai in its supplementary charge sheet has also accused the three brokers IIFL, Motilal Oswal & Anand Rathi of cheating clients.
On 19 June, 2023, the Securities and Exchange Board of India (SEBI) passed an order restraining IIFL from accepting new clients for a period of two years, and imposing a penalty of Rs 2 crore. The order read, "The Noticee firstly didn’t assign its accounts appropriate nomenclature wherein it was keeping clients’ monies so as to clearly ...
As a result, Inter-connected Stock Exchange (ISE), which was promoted by 14 regional stock exchanges of the country (excluding Calcutta, Delhi, Ahmedabad, Ludhiana and Pune Stock Exchange, apart from NSE, BSE and OTCEI) was incorporated by SEBI under the Securities Contracts (Regulations) Act, 1956 on 18 November 1998, ISE commenced trading on ...