GAGA Share Market News

[hfe_template id='11223'] [ad_1] Market regulator Securities and Exchange Board of India (Sebi) on Friday directed all Sebi registered intermediaries uploading or publishing advertisements on social media platforms (SMPs) like Google and Meta, to register on these platforms using their email ids and mobile numbers as registered on SEBI SI Portal. These social media platform providers will then carry out advertiser verification of Sebi registered intermediaries after which the intermediaries will be permitted to upload or publish advertisements on these platforms. All Sebi registered intermediaries who want to upload/publish advertisements on these platforms will have to update their contact details in the intermediary database on the SEBI SI Portal by April 30, 2025, a media release published by the regulator said. The market regulator in an advisory to investors said that it has noticed a rapid increase in frauds related to securities market on various social media plat...

[hfe_template id='11223'] [ad_1] Markets regulator Sebi on Friday modified its guidelines and issued necessary clarifications on nomination facilities in the securities market in a bid to make the process of transmission and nomination easier for demat accounts and mutual fund (MF) folios. In its circular, Sebi said that if one or more joint account holders pass away, the assets will be transferred to the surviving holder(s) without the need for additional KYC unless it was requested earlier and not provided. The surviving holder(s) can update their contact details and add or change their nominee(s) at any time. Further, investors will have the option to designate a nominee (excluding minors) to manage their account in case they become physically incapacitated. This nominee can be changed as needed. On nomination opt-out, Sebi said that investors with single holdings can choose to opt out of nomination either online or offline. The nomination form has been updated with...

[hfe_template id='11223'] [ad_1] Capital markets regulator Sebi on Friday unveiled an updated investor charter aimed to enhance investor protection, market transparency, and trust and confidence among investors. The updated charter has emphasised on ensuring confidentiality of investor information and providing the right to exit at fair and reasonable terms from the securities market related products or services. "Further, Sebi has strengthened the grievance redressal mechanism and alternative dispute resolution mechanism with the launch of SCORES 2.0 and SMART Online Dispute Resolution," the regulator said in a statement. In SCORES 2.0, investor complaints are taken up directly with Sebi registered intermediaries/regulated entities and the designated bodies for first level review, with the markets watchdog taking up all complaints at the stage of Second Level Review. SMART ODR portal facilitates online conciliation and online arbitration for resolution of dis...

[hfe_template id='11223'] [ad_1] The Securities and Exchange Board of India(Sebi) has imposed a penalty of Rs 1 crore on Jai Anmol Ambani, son of Industrialist Anil Ambani, for alleged irregularities in Reliance Home Finance. The regulator alleged that Jai Anmol being a non-executive director on the board of Reliance Home Finance and other Reliance ADAG group companies where the funds were onward lent, did not exercise reasonable due diligence with respect to the entire GPCL(general purpose working capital ) lending and the onward lending by these GPCL entities to other Reliance ADAG group companies including Reliance Capital. Sebi alleged that Jai Anmol had given approval for unsecured loan of Rs 20 crores to Visa Capital Partners and Rs 20 crore to Accura Production Pvt Ltd. In his response to Sebi, he submitted that he could not recollect the context and background of the cited mails. Besides, they were not in the nature of approvals provided by him, but mere acknowle...