• 22 Sep

    SEBI penalizes 11 entities for non-genuine trades in illiquid stock options segment

    The Securities and Exchange Board of India (SEBI) has penalized 11 entities for non-genuine trades, fined 2 entities for flouting disclosure rules, and suspended the registration of 1 research firm for violating regulatory norms. SEBI's actions are a reminder to market participants that they must comply with all regulatory requirements. Investors should be aware of these risks and take necessary precautions to protect themselves.

  • 11 Sep

    Unitholders of REITs and InvITs Can Now Nominate Directors to Investment Manager Boards

    Sebi has given unitholders of REITs and InvITs the right to nominate directors to the boards of the investment managers of the trusts. The eligibility of the unitholders to nominate directors will be decided based on the unitholding pattern as on September 30, 2023. The investment manager will evaluate the candidate and confirm their eligibility within 10 days of receiving the nomination. If the candidate is found to be eligible, the investment manager will have to appoint them to the board within 30 days.