Position limits and daily price limits of commodity trading revised.
MF investment cap with a single issuer cut from 15% of net asset value to 10% of NAV.
Sebi has directed Amtek Auto to deposit the fine within 45 days from the date of its order.
In 2013, the Securities and Exchange Board of India (SEBI) had barred the directors of the company, which is headquartered in Shivajinagar in Pune, from raising money from its investors.
The RBI had in September allowed companies, Real Estate Investment Trusts and Infrastructure Investment Trusts to issue rupee-denominated bonds overseas as an additional source of funding without currency risk.
PACL had raised Rs 49,100 crore from nearly 5 crore investors that it needs to refund along with promised returns, interest payout and other charges, which take the total amount due to more than Rs 55,000 crore, Sebi said.
In June 2014, Sebi had come out with a discussion paper on crowdfunding but the rules are yet to be formalized.
Sinha said that Sebi is also exploring the possibility of providing mutual fund schemes through e-commerce platforms.
The Sebi board, stipulated that 51 per cent stake in a stock exchange should be held by shareholders in the public category and the stake of brokers and their agents should not exceed 49 per cent.
Under Sebi guidelines, all investment advisors are obligated to provide requisite details that are sought by investors.
By April 1992, Sebi had become the statutory regulator, but a kind of vacuum existed for the next few months.
The company allegedly raising money from investors despite being barred from doing so.
Sebi chairmanUK Sinha had said that 900 entities havebeen banned from capital markets by the regulator and cases have been referred to the I-T Department.
Notion that speculation of futures prices being the cause of the cost rise is wrong, says UK Sinha.
The case prompted the Finance Ministry to act quickly on operationalising the Securities Appellate Tribunal in 1997.