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Tag: Securities and Exchange Board of India (SEBI)

SEBI increases Overseas Investment limits for Mutual Funds

November 7, 2020
SEBI
  • The Securities and Exchange Board of India (SEBI) has enhanced the investment limits for Mutual Fund companies for overseas investments.
  • Mutual Funds can make overseas investments subject to a maximum of US $ 600 million per Mutual Fund, within the overall industry limit of US $ 7 billion. Earlier it was USD 300 million.

Ajay Tyagi got six-month extension till August 2020

August 6, 2020
Ajay Tyagi
  • As per the decision of the Appointments Committee of the Cabinet chaired by Prime Minister Narendra Modi, SEBI Chairman Ajay Tyagi has been given a term extension of 18 months till February 2022.
  • Ajay Tyagi is a 1984 batch IAS (retired) officer of Himachal Pradesh cadre.

Virtual museum of the securities market will come up soon

August 3, 2020
SEBI
  • Securities and Exchange Board of India (SEBI) has planned to set up a virtual museum of the securities market to showcase the achievements and milestones in the Indian capital market. The museum will display the photos, videos, articles, media clippings, an interactive display like quiz, paintings, drawings, diagrams, graphs, newspaper articles, transcripts of interviews and numerical databases, of their achievements.

SEBI Revamps advisory committee on mutual funds

July 13, 2020
SEBI

  • The Securities and Exchange Board of India (SEBI) has re-constituted its advisory committee on mutual funds that advises the capital markets regulator on matters related to regulation and development of the mutual fund industry.
  • The revamped advisory committee on mutual funds has 20-member and will be headed Usha Thorat, former deputy governor of Reserve Bank of India (RBI).

Roles & Responsibilities of the committee:

  • Issues related to regulation and development of the mutual fund industry.
  • Disclosure requirements and measures required for a change in the legal framework to introduce simplification and transparency in mutual fund regulations

CBDT and SEBI signed MoU for data exchange

July 10, 2020
agreement
  • A Memorandum of Understanding (MoU) was signed today between the Central Board of Direct Taxes (CBDT) and the Securities and Exchange Board of India (SEBI) for data exchange between the two organizations.
  • The MoU will facilitate the sharing of data and information between SEBI and CBDT on an automatic and regular basis.
  • A Data Exchange Steering Group has also been constituted for the initiative, which will meet periodically to review the data exchange status and take steps to further improve the effectiveness of the data sharing mechanism.

MoU between CBDT and SEBI inked

July 9, 2020
CBDT
  • A legal Memorandum of Understanding (MoU) was inked on 8th July between the Central Board of Direct Taxes (CBDT) and the Securities and Exchange Board of India (SEBI) for data exchange between the two organizations.
  • MoU will promote the sharing of data and information between SEBI and CBDT on an automatic and regular basis.

“Sebi SCORES” mobile app started by SEBI for investors to lodge grievances

March 6, 2020
SEBI

Securities and Exchange Board of India (SEBI) has started a mobile application ‘Sebi SCORES’ for convenience of investors to lodge grievances in Sebi Complaints Redress System (SCORES). The mobile app will make it easier for investors to lodge their grievances with SEBI, as they can now access SCORES at the convenience of their smartphone.