Certain categories of FPIs would be required to maintain a list of beneficial owners and provide the same to the regulator.
Both Chanda Kochhar and ICICI bank have maintained there has been no regulatory violation on their part and that Kochhar was not aware of specific business dealings of her husband.
In April 2017, Bansal had moved the arbitration panel against Infosys to claim the outstanding Rs 12 crore as part of his severance pay.
The regulator said that the proposed amendments in the SEBI (FPI) Regulations, 2014, were discussed and broadly agreed upon and it would soon issue a revised circular on the issue.
The regulator will soon take a call on the recommendations by the fair market conduct committee to further strengthen the rules to deter financial crimes like frauds, market manipulations and insider trading.
The renewed concerns over an escalation of trade war between the US and China pulled down global markets, while the domestic markets are witnessing free fall due to sharp decline in the rupee value.
According to top officials, the probe into ICICI Bank and business dealings of the Kochhar family will also be discussed by Sebi’s board next week.
Committee recommends more time for compliance of the norms by FPIs
Both ICICI Bank and Chanda Kochhar have replied to the show-cause notices issued by the Sebi after almost three months
SEBI plans to recruit 84 officers in general stream, followed by legal (18), information technology (8) and five each in civil engineering and electrical engineering streams
TER is a percentage of a scheme’s corpus that a mutual fund house charges towards expenses including administrative and management.
Earlier in April, Sebi had asked Category II and III FPIs to provide a list of their beneficial owner in a prescribed format within six months.
The board of UTI Trustee Company had asked the board of AMC to prepare a road map on aligning the equity stake of sponsors as required by the Sebi and related issues like the IPO, the official source said.
The panel has asked only such investors who have received SMS to send their original PACL certificates to the committee, said Sebi in a statement.
Proper checks and balances must be ensured for use of the power: Committee