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Excited to share my latest piece where I have delved into the allegations made in the recent media reports regarding key compliance and governance issues, as highlighted in the show cause notice issued by SEBI to Paytm. This analysis explores crucial questions about promoter declassification, the eligibility of MD & CEO for ESOPs granted by Paytm, and compliance with disclosure obligations regarding 'material events'. 🔍 Highlights: Examining compliance with SEBI’s promoter declassification norms. Examining implications of significant shareholding held by a director from the perspective of ESOP eligibility. Assessing Paytm’s adherence to material disclosure requirements. Curious about the legal and regulatory aspects? Read the full article to learn more. The views discussed are personal and for educational purposes only, based on publicly available information. #CorporateGovernance #SEBI #SecuritiesLaw #Compliance #CorporateLaws

Exchanges warn investors of fake trading apps, impostors Full Article Link >>> https://lnkd.in/gJV8N_vP Welcome To Latest IND >> Fastest World News MUMBAI: The bourses on Wednesday warned investors to not fall for social media posts offering high returns through specialised apps that use names of established brokers and other intermediaries. While NSE said in its warning that there have been cases where people impersonated representatives of Choice Broking […] . . Latest IND . . . . #trendingnews #newstrending #trendingtopicnews #lifestyle #business #news #healthylifestyle #smallbusiness #supportsmallbusiness #lifestyleblogger #luxurylifestyle #businessowner #businesswoman #smallbusinessowner #businessnews

Exchanges warn investors of fake trading apps, impostors Full Article Link >>> https://lnkd.in/gbDRqP-M Welcome To Latest IND >> Fastest World News MUMBAI: The bourses on Wednesday warned investors to not fall for social media posts offering high returns through specialised apps that use names of established brokers and other intermediaries. While NSE said in its warning that there have been cases where people impersonated representatives of Choice Broking […] . . Latest IND . . . . #trendingnews #newstrending #trendingtopicnews #lifestyle #business #news #healthylifestyle #smallbusiness #supportsmallbusiness #lifestyleblogger #luxurylifestyle #businessowner #businesswoman #smallbusinessowner #businessnews

Sebi warns investors about stock ‘games’, virtual trades Full Article Link >>> https://lnkd.in/gPsnJ6FA Welcome To Latest IND >> Fastest World News MUMBAI: Markets regulator Sebi on Monday issued a warning to investors — its third this year — about unauthorised entities trying to engage investors through platforms and apps that could lead to losses. The proliferation of financial frauds is prompting Sebi to issue frequent advisories and warnings […] . . Latest IND . . . . #trendingnews #newstrending #trendingtopicnews #lifestyle #business #news #healthylifestyle #smallbusiness #supportsmallbusiness #lifestyleblogger #luxurylifestyle #businessowner #businesswoman #smallbusinessowner #businessnews

📰 Weekly Brief Market updates (26.02.2024 to 01.03.2024): 👉 Reliance - Walt Disney new JV: Reliance & Walt Disney to form a new Joint Venture through merger of Viacom 18 and Star India. Post-merger, RIL will own 16.34% in the JV; Viacom 18 (a Subsidiary of RIL) will own 46.82% and Star India (a group entity of Walt Disney) of will have 36.84 in the JV. 👉 Paytm Re-constitution of Board & Formation of new Committee: Paytm Founder Promoter and CEO, Mr. Vijay Shekhar Sharma stepped down from the Board, as promoters deciding to keep an arm’s length from the entity. The move is seen as an attempt to disassociate Paytm from its payments bank unit and position it as an independent entity. Further a Group Advisory Committee on compliance & regulatory matters was formed in order to further strengthen the compliance, and regulatory matters. 👉 RBI levies penalty on two popular banks: RBI has levied penalty of Rs. 66 lakhs to City Union Bank Limited for significant divergence between NPA and failing to place a system of periodic review of risk categorization of accounts of its customers. Further, Canara Bank has been penalized by RBI amounting to Rs. 32.30 Lakhs for deficiencies in regulatory compliance. 👉 Supreme Court issues contempt notice to Patanjali: The Apex Court has issued a contempt notice to the Patanjali and its Managing Director Mr. Acharya Balkrishna for publishing the misleading advertisements. Further, it has also pulled the Centre for not taking action on the same. 👉 Vodafone Idea Limited (VIL) Board approves fund raising of up to Rs. 20,000 Crores: The Board of VIL has approved raising of funds by issue of Equity Shares or convertible debentures or other securities convertible into Equity Shares, Global Depository Receipts, American Depository Receipts or Foreign Currency Convertible Bonds or by way of a composite issue of NCD's for an aggregate amount of up to Rs. 20,000 crores. 🎁 Out of the Box: Tata Institute discovers medicine for INR. 100/- that can prevent cancer recurrence for second time. Source: Financial Express and BSE & NSE Limited 📖 Happy Learning 😎 CS Harshavardn Tholkappian

Back in year 2021 .... SGXNifty starts trading 2.5 hours before India's market opens and stays open for 16 hours compared to NSE's 6.5 hours. This gives SGXNifty a big edge for global investors who need flexibility. Due to India’s taxes and higher costs, foreign investors started moving their trades for Nifty futures to SGX. Eventually, the volume of Nifty trades on SGX became bigger than NSE. India wasn’t happy about losing trades to SGX. They even threatened to cancel SGX's license, which led to a legal dispute (arbitration). Present day, after Resolution.... India found a clever way to handle this. Now, trades on SGX for Nifty futures will be routed through GIFT City in Gujarat, an international finance hub. 💡 Trades will be executed and settled in NSE’s subsidiary at GIFT City. 💡 NSE will get more revenue share from SGX. 💡 NSE and SGX will split revenue 50-50, making this a win-win partnership. GIFT Nifty now operates for 21 hours a day (4 AM to 2 AM), compared to SGX Nifty's 16 hours. This makes it even more attractive for global traders in different time zones. For domestic traders, not much has changed. The GIFT Nifty still helps gauge pre-market sentiment for Indian markets. The biggest difference? It’s now under India’s control and renamed from SGX Nifty to GIFT Nifty. With this shift, NSE gains more 📍 liquidity, 📍 foreign interest, 📍 revenue opportunities. When NSE’s IPO (Initial Public Offering) comes around, this development could make it an exciting investment prospect. whatsapp https://openinapp.co/xymdy

Public Funding indicates Public Support. Therefore, the kind of businesses that CANNOT BE FUNDED through Stock Exchanges need to be set ASAP. Tolerating in privacy is understandable but all media cannot be equated with ZEE/NDTV, all Entertainment Retail cannot be equated with PVR/TIPS. How about someone creating a network of Dance Bars like in the US and bring in an IPO? There's limit to Vaishyata. Bring it close to the Balance, i.e. 25%. Indian Ministry of Finance MyGov India SEBI Rashtriya Swayamsevak Sangh

The Securities and Exchange Board of India (SEBI) announced on Friday new restrictions on sharing real-time market data on stock prices with third-party entities, aiming to curb the proliferation of fantasy games and virtual trading platforms. SEBI has instructed stock exchanges, clearing members, depositories, and stockbrokers to cease providing real-time price data to third parties. Furthermore, market intermediaries must formalize agreements regarding data sharing and clearly specify the purposes for requesting real-time data. "Market Infrastructure Institutions (MIIs) or market intermediaries must establish appropriate agreements with entities with whom they intend to share real-time price data. These agreements should outline the activities for which the data will be used and justify its necessity for the orderly functioning of the securities market," SEBI stated. Additionally, the board of MIIs is required to review, at least once a financial year, the list of activities and entities utilizing this data. This decision comes amidst a surge in betting, leagues, and transactions on online gaming platforms that utilize real-time price data. These platforms often require an entry fee and offer prizes, with users competing to create the best-performing portfolio based on actual stock performance. Some platforms even provide monetary incentives for virtual stock portfolio performance, SEBI noted. Real-time data is typically offered by stock exchanges as a paid service to stockbrokers and subscribers across various market segments. For educational purposes, SEBI mandates that market data be shared with a one-day delay. "Market price data may be shared for investor education and awareness activities without offering any monetary incentives to participants, with a lag of one day," SEBI emphasized. These new regulations will take effect in one month. #SEBI #SEBIRegulations #MarketDataRestrictions #StockMarket #FinancialRegulations #FantasyGames #VirtualTrading #StockExchanges #InvestorProtection #DataSharing #FinancialMarkets #MonetaryIncentives #StockPortfolioPerformance #AllBoutCorps

In a recent development, the Securities and Exchange Board of India (SEBI) has issued a cautionary note to investors regarding fraudulent trading platforms falsely claiming associations with SEBI-registered Foreign Portfolio Investors (FPIs). These platforms have been falsely promising trading opportunities to resident Indians through FPI or Foreign Institutional Investor (FII) sub-accounts, offering supposed special privileges. Here are the key points highlighted in the SEBI press release: 1. Regulatory Framework: SEBI emphasizes that under the SEBI (Foreign Portfolio Investors) Regulations, 2019, the FPI investment route is not accessible to Resident Indians (RIs), Non-Resident Indians (NRIs), and Overseas Citizens of India (OCIs), except under specific conditions laid down by SEBI. SEBI clarifies that it has not granted any relaxations to FPIs regarding securities market investments by Indian investors. 2. Modus Operandi of Fraudulent Platforms: SEBI has observed that these fraudulent operators often entice investors through online trading courses, seminars, and mentorship programs on the stock market. They leverage social media platforms like WhatsApp or Telegram, along with live broadcasts, to create an illusion of authenticity. These impostors pose as SEBI-registered FPI employees or affiliates, persuading individuals to download applications that supposedly enable share purchases, IPO subscriptions, and access to "Institutional account benefits" without the necessity of an official trading or DEMAT account. They frequently use mobile numbers registered under false identities to carry out their schemes. 3. Lack of Validity: It's crucial to understand that there is no provision for an "Institutional Account" in trading. Direct access to the equities market mandates investors to have a trading and DEMAT account with a SEBI-registered broker/trading member and depository Participant (DP) respectively. 4. SEBI's Advisory to Investors: In the press release, SEBI advises investors to exercise caution and refrain from engaging with any social media messages, WhatsApp groups, Telegram channels, or applications claiming to facilitate stock market access through FPIs or FIIs registered with SEBI. Such endeavors are fraudulent and lack SEBI's endorsement. This cautionary note comes at a time when the digital landscape is witnessing a surge in investment-related activities. With the proliferation of online platforms, investors must remain vigilant and verify the authenticity of any investment opportunity presented to them. SEBI's advisory serves as a timely reminder to exercise due diligence and seek guidance from authorized channels before engaging in any financial transactions. #SEBI #SEBIupdates #Investors #frauds

🌟 𝐄𝐱𝐜𝐢𝐭𝐢𝐧𝐠 𝐍𝐞𝐰𝐬 𝐟𝐨𝐫 𝐇𝐢𝐠𝐡 𝐍𝐞𝐭 𝐖𝐨𝐫𝐭𝐡 𝐈𝐧𝐯𝐞𝐬𝐭𝐨𝐫𝐬! 🚀 📈 Are you ready to tap into new investment opportunities? Some of the world's largest market makers are gearing up to trade India equity futures from a new financial hub in the South Asian country! Here's what you need to know: 🔍 Key Insights: - About five to 10 systematic traders, utilizing pre-defined rules and mathematical models, are preparing to begin trading GIFT Nifty futures in the Gujarat International Finance Tec-City (GIFT City) from the second half of 2024. - The move follows a shift of derivative contracts to GIFT City from Singapore last July, offering a strategic advantage amidst market shifts. - Syn emphasizes the potential additive effect on trading volume, highlighting the significant buy-side interest currently. 💼 Implications for Investors: - Systematic traders are establishing infrastructure for co-location with the NSE, promising faster execution and enhanced trading efficiency. - With a rise in the national value of the Nifty 50 Index futures to $11 billion, opportunities for diversified investment portfolios are expanding. - Participation extends beyond Nifty derivatives, encompassing products tied to NSE's sub-gauges, including banks, IT, and financial services. 🌐 Market Dynamics: - SGX clearing members supporting Nifty derivatives via GIFT Connect have reached 22, signaling growing interest and participation. - The NSE International Exchange boasts 50 active members, amplifying the accessibility and liquidity of derivative products. 🔮 Future Outlook: - Anticipate a migration of systematic traders from SGX Nifty to GIFT City, capitalizing on enhanced infrastructure and market potential. - With BSE Ltd. witnessing heightened activity, a surge in investor interest is on the horizon, positioning GIFT City as a key hub for high net worth individuals. 🚀 Don't miss out on this groundbreaking opportunity to diversify your investment portfolio and stay ahead of the curve! #InvestmentOpportunity #GIFTCity #MarketTrends 📊