Clipped from: https://www.business-standard.com/article/economy-policy/cbic-issues-sops-for-recovering-tax-dues-from-insolvent-companies-122052701466_1.html The CBIC said it has nominated a nodal officer to ensure filing of claims with the Insolvency and Bankruptcy Board of India (IBBI)
Category: IBC-SEBI
*****SEBI tweaks SOP in case of defaults by trading, clearing members – The Hindu
Clipped from: https://www.thehindu.com/business/markets/sebi-tweaks-sop-in-case-of-defaults-by-trading-clearing-members/article65467062.ece The regulator, in consultation with the Market Infrastructure Institutions, has decided to modify the framework. The logo of the Securities and Exchange Board
*****What ails the IBC? A problem of timely resolution | The Financial Express
Clipped from: https://www.financialexpress.com/opinion/what-ails-the-ibc-a-problem-of-timely-resolution/2537878/ Inordinate delays make the market for Distressed assets mimic the Lemons problem The newsletter reports that 29 corporate insolvency resolution processes (CIRPs) concluded
*****Active nudge for passives – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/sebis-guidelines-for-passive-funds-are-good-but-the-regulator-should-facilitate-more-india-specific-indices/article65460539.ece SEBIs guidelines for passive funds are good but the regulator should facilitate more India-specific indices Passive funds, which simply mirror an index or
*****individual insolvency: Struggling with debt? Here is how individual insolvency works in India – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/how-to/struggling-with-debt-here-is-how-individual-insolvency-works-in-india/articleshow/91745660.cms Synopsis The pandemic has made several people prone to debt traps with revolving credit card bills and easy personal loans taken from fintech
*****A case of regulatory overload – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/a-case-of-regulatory-overload/article65454133.ece SEBI’s new related-party transaction rules will bring myriad challenges for listed entities A tough law has been made tougher. The recently amended SEBI’s
*****Confusing Sebi rules | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/confusing-sebi-rules-122052200925_1.html Any buy/sell advice, including a model portfolio, should be the domain of research analysts while holistic financial planning and asset allocation should be
SC allows banks to directly initiate insolvency proceedings against personal guarantors – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/sc-allows-banks-to-directly-initiate-insolvency-proceedings-against-personal-guarantors/article65404775.ece Apex court dismisses appeal against NCLAT order; refuses to interfere with NCLAT ruling Financial creditors, especially banks, will now get a new preferred
*****Regulating from the front | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/regulating-from-the-front-122051001642_1.html Focus on deterrence against front-running The market regulator, the Securities and Exchange Board of India (Sebi), has investigated various instances of front-running over
*****Sebi mulls launch of confidential IPO filings to address privacy concerns | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/sebi-mulls-launch-of-confidential-ipo-filings-to-address-privacy-concerns-122051101324_1.html Industry players said the concept, if implemented, would give a fillip to the domestic capital markets, ease the process and encourage more companies
*****Losing from the front – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/losing-from-the-front/article65411357.ece Front-running is a cancer that erodes faith in the market and therefore needs stronger punishment It is disturbing that allegations of front-running should
*****SEBI tweaks peak margin norms to ease difficulties – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/markets/sebi-tweaks-peak-margin-norms-to-ease-difficulties/article65401967.ece Brokers can now consider beginning-of-day rates for margin calculation After stock brokers complained that it was impossible to comply with the new structure
Sebi issues norms to calculate margin requirements for intra-day snapshots | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/sebi-issues-norms-to-calculate-margin-requirements-for-intra-day-snapshots-122051001780_1.html Sebi clarified that the change is only for the purpose of verification of upfront collection of margins from clients Photo: Shutterstock Capital markets regulator Sebi on Tuesday
*****Regulating from the front | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/regulating-from-the-front-122051001642_1.html Focus on deterrence against front-running The market regulator, the Securities and Exchange Board of India (Sebi), has investigated various instances of front-running over
*Sebi scanner on more front-running ops by domestic fund managers | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/sebi-scanner-on-more-front-running-ops-by-domestic-fund-managers-122050900008_1.html Functioning of dealers at MFs & brokers may undergo greater scrutiny in coming weeks Sources said top Sebi officials quizzed some MF industry
IBBI cancels registration of IP, suspends another for one year – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/ibbi-cancels-registration-of-ip-suspends-another-for-one-year/article65394183.ece | Photo Credit: designer491 Disciplinary action in separate cases for various violations of IBC Insolvency regulator IBBI’s Disciplinary Committee has cancelled the registration
Edelweiss ARC to file insolvency plea against Marriott’s property in Bengaluru – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/news/edelweiss-arc-to-file-insolvency-plea-against-marriotts-property-in-bengaluru/article65394640.ece Marriott International The ARC is likely to move NCLT this month over unpaid dues of nearly ₹1,000 crore Edelweiss ARC is set to
*Banks feel the heat of slower recovery under IBC process – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/slowdown-in-insolvency-proceedings-reduced-corporate-appetite-for-distressed-assets-hurt-banks-recoveries-in-ibc/article65394082.ece Financial creditors’ realisation hit a record low of 10.2% in Q4 against 13.4% in Q3 and 49.2% in Q2 Financial creditors are clearly
*Go beyond the rulebook, follow the money | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/go-beyond-the-rulebook-follow-the-money-122050800949_1.html The track record of Sebi and the Securities Appellate Tribunal makes it appear that their effort is to help and not hurt the
*****Shifting Narratives: Supreme Court weighs down on Sebi’s burden on insider trading | The Financial Express
Clipped from: https://www.financialexpress.com/opinion/shifting-narratives-supreme-court-weighs-down-on-sebis-burden-on-insider-trading/2511882/ The apex court’s decision in the PC Jeweller case limits the scope of application of circumstantial evidence without corroboration As per Sebi, the