GAGA Share Market News

[hfe_template id='11223'] [ad_1] New Delhi, Markets regulator Sebi on Friday proposed to rationalise the content of the placement document of Qualified Institutions Placement (QIP) by prescribing only the relevant information regarding the issue. Presently, in QIPs the issuer is required to disclose the details in the placement document as prescribed under ICDR (Issue of Capital and Disclosure Requirements) norms. Such disclosures are detailed in nature and preparing a lengthy placement document is a time-consuming exercise that results in duplication of information, which is already available in the public domain. In its consultation paper, the regulator has revised the content of placement document. Explaining the rationale for the proposed revision, Sebi said that QIPs are issued to Qualified Institutional Buyers (QIBs) who are sophisticated investors and possess the expertise and resources to take an informed investment decision independently. "These investor...

[hfe_template id='11223'] [ad_1] Market regulator Securities and Exchange Board of India (Sebi) on Tuesday slapped a Rs 5 crore penalty on Indian Clearing Corporation (ICCL) for non-compliance of certain norms related to network and cyber audits. Sebi had conducted an inspection of books of accounts and other records of Indian Clearing Corporation for the period between December 1, 2022 and July 31, 2023 to ascertain if it has complied with the provisions of Sebi regulations and circulars. The BSE subsidiary which was established in 2007, was found in violation for non-maintenance of correct and up-to-date inventory and absence of software assets information in inventory. The company did not comply with norms that mandate Market Infrastructure Institutions (MIIs) to identify critical assets based on their sensitivity and criticality for business operations, services and data management and maintain up-to-date inventory of its hardware and systems, software and informatio...