SEBI
SEBI proposes stricter reporting norms for listed companies
Securities and Exchange Board of India (Sebi) put out for discussion a series of suggestions in order to avoid Satyam-type accounting scam. However, mainly it recommends that the audit committee of a listed company, a body mostly of non-staffers and independent of the board of directors, approve the appointment of the Chief Finance Officer (CFO). [...]
SEBI to introduce modifications in portfolio management services
The Securities and Exchange Board of India (Sebi) is planning a five-fold raise in the ticket size for investing in portfolio management service (PMS) schemes from Rs 5 lakh to 25 lakh. Additionally, after making it compulsory to separate accounts of PMS investors, the market regulator is also considering to raise the net worth necessity [...]