Securities and Exchange Board of India promotes CeFCoM for secure payments to investment advisors and research analysts. This optional system ensures fees go only to registered entities. CeFCoM, operational since October 1, 2024, is managed by BSE Ltd and MF Utilities India Pvt Ltd. It supports various payment methods.
SEBI has directed stock exchanges with commodity segments to conduct Product Advisory Committee (PAC) meetings at least twice annually, potentially more often if required. For agricultural commodities, the PAC must convene at least once a year. This revision, effective immediately, follows market participant feedback and deliberations by SEBI's Commodity Derivatives Advisory Committee (CDAC).
The National Company Law Tribunal has approved the merger of Inox Wind Energy Limited and Inox Wind Limited. This decision will streamline the wind business of the INOXGFL Group. It will also improve operational efficiencies. Inox Wind Energy Limited will be amalgamated into Inox Wind Limited. The merger will reduce Inox Wind Limited's liabilities.
National Stock Exchange of India gets the green light from Sebi. It will introduce monthly electricity futures contracts. This move allows market players to hedge against price swings. It will also boost price accuracy in the power sector. NSE plans to roll out more electricity derivatives later. The exchange aims for market stability and investor trust.
Sebi mandates a new UPI payment mechanism for registered intermediaries by October 1, 2025, enhancing security and accessibility in securities market transactions. This initiative addresses fraudulent activities by unregistered entities through verified payment channels and a 'Sebi Check' tool for investors to authenticate UPI IDs.
The Karnataka High Court has adjourned the hearing regarding the Chinnaswamy stadium stampede to June 12. The court has asked Advocate General Shashi Kiran Shetty to submit a reply in a sealed cover. A judicial commission has been formed and police officers have been suspended. The investigation into the stampede has been transferred to the Criminal Investigation Department.
The Karnataka High Court on Tuesday denied any interim relief to Nikhil Sosale, marketing head of Royal Challengers Bengaluru (RCB), in the June 4 stadium stampede that claimed 11 lives here
The Delhi Development Authority has challenged the directive from the Delhi Real Estate Regulatory Authority (RERA) mandating the registration of its housing projects, leading to a legal battle in the Delhi High Court. DDA argues it's not a 'promoter' under the RERA Act, citing its distinct statutory obligations and internal mechanisms for quality control and grievance redressal.
Sebi has issued notices to OPG Securities and its directors, demanding Rs 5.35 crore in unpaid fines related to unfair access to NSE co-location servers. The regulator warns of asset attachment and bank account seizures if the payment isn't made within 15 days. These actions follow Sebi's April 2025 order imposing penalties for unfair trade practices and non-compliance.
Aakash Educational Services has requested the NCLT to dismiss Byju's petition. AESL also wants to involve E&Y in the matter. AESL alleges EY was key in financial decisions. Byju's had filed a petition against Aakash Educational Services, citing mismanagement. Manipal Group has also questioned EY's role. The legal battle concerns governance after Byju's failed acquisition.
A special court here on Monday gave one-day custody of the deputy registrar of the Mumbai bench of National Company Law Tribunal (NCLT) to the CBI for further probe.
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