Fortune India’s Post

Research Report Unveiling: Key Insights and my notices 1.Undisclosed Offshore Interests: The report alleges that Buch had undisclosed stakes in offshore entities linked to controversial financial dealings, raising questions about her impartiality. 2. Connection to Adani Scandal: Buch is implicated in the Adani Group money siphoning scandal through her alleged involvement with obscure offshore entities. Past Employment in Private Equity: Buch's prior roles in private equity firms are highlighted as potential conflicts of interest, given her current regulatory position. 3. Influence from ICICI Securities: The report points out her past association with ICICI Securities, suggesting this may influence her decisions at SEBI. 4. Lack of Transparency: Hindenburg criticizes the lack of transparency in disclosing Buch’s financial interests and past affiliations, which are crucial for a regulator. Regulatory Capture Concerns: The report raises concerns about potential regulatory capture, where regulators may act in the interest of the industries they oversee. 5. Impact on SEBI’s Credibility: These allegations could damage SEBI’s credibility and shake investor confidence in India’s regulatory framework. 6. Global Financial Implications: The findings are likely to have global repercussions, affecting how international investors view the Indian market. 7.Need for Greater Scrutiny: Hindenburg calls for increased scrutiny of Buch’s actions and decisions, given the serious nature of the allegations. 8. Call for Investigation: The report suggests that an independent investigation into Buch's financial interests and regulatory actions is necessary to restore trust. #hindenburg #SEBI #PIF #shortselling #investmentbanking #financialfrauds #compliance #financialreporting #financialanalysis

The Hindenburg conflict has significant implications for Indian investors and the SEBI Chief. Learn how this issue may impact the Indian market and the controversy surrounding the SEBI Chief's appointment. The Hindenburg conflict has sparked a series of events with far-reaching consequences. Firstly, it accused Adani of causing significant financial harm, leading to doubt among investors and a market crash. The implications on Indian politics and the SEBI Chief's association with Adani raise questions about transparency and trust in regulatory bodies. These controversies have triggered concerns about offshore business impacting the Indian market and the need for faith in investigative agencies. Additionally, there are serious allegations of fraud and illegal activities involving the Adani Group, demanding prompt and transparent action from regulatory authorities. The controversy has intensified with allegations of money siphoning and illicit actions, reiterating the importance of maintaining transparency and trust in regulatory bodies for market growth. It also sheds light on the role of foreign investment, tax havens, and their impact on India's economy and market stability. This video thoroughly explains the conflict, highlighting the need to understand the situation and its implications for Indian investors. What are your thoughts on the Hindenburg conflict's impact on Indian investors and the controversies surrounding the SEBI Chief? Share your views and insights in the comments!

JSA Newsletter | Finance | August_September Edition 2024 This Newsletter sets out some of the key legislative and regulatory updates in the finance practice area for the months of August and September 2024. The developments set out in the Newsletter pertain to regulatory updates from the Reserve Bank of India, Securities and Exchange Board of India, International Financial Services Centres Authority, Insolvency and Bankruptcy Board of India and include gazetted notification relating to the amendments of the SEBI (Alternative Investment Funds) (Fourth Amendment) Regulations, 2024 and amendments to Foreign Exchange Management (Debt Instruments) Regulations, 2019 relating to the purchase of sovereign green bonds.   For further details, please click here: https://lnkd.in/gqXw7Yh8 Anish Mashruwala | Tirthankar Datta | Utsav Johri | Sucheta Bhattacharya | Megha Upadhyaya | Kratika Parashar | Nishal Makharia | Suprabh G. #jsa #newsletter #legalupdates #finance #rbi #sebi #india #leadinglawyers #leadinglawfirm

📢 Attention All Entities with Foreign Investments! 🌍 If your entity has received Foreign Direct Investment (FDI) or made overseas investments, this important update is for you. All India-resident companies, LLPs, and other entities such as SEBI-registered Alternative Investment Funds (AIFs), Partnership Firms, and Public Private Partnerships (PPP) that have received FDI or made overseas investments in any previous year(s), including the current year, must take note. As part of regulatory compliance, it is mandatory to submit the Annual Return on Foreign Liabilities and Assets (FLA) to the Reserve Bank of India (RBI) via the Flair Portal. This is in addition to reporting investments through respective forms like FC-GPR, FC-TRS, and ODI. 📅 The reporting year for this purpose is from April to March. Ensure your compliance and report your FDI and overseas investments accurately and timely through the Flair Portal. 🔗 For more information and to access the Flair Portal, visit: RBI Flair Portal Stay compliant and keep your financial reporting up to date! CS Anita Chaudhary Varad Kale Varun Kale V.V.Kale & Company #FDI #OverseasInvestment #RBI #Compliance #FinancialReporting #BusinessUpdates #InvestmentReporting

Summary of Hindenburg Research Report (August 10, 2024) 1. Introduction: Hindenburg Research’s latest report highlights alleged financial misconduct by the Adani Group and potential conflicts of interest involving SEBI Chairperson Madhabi Buch. 2. Key Allegations: Offshore Entities: Claims that Adani used offshore shell companies to manipulate share prices and evade taxes. Misappropriation of Funds: Allegations of illegal money transfers to offshore accounts. Previous Scandals: Past accusations of fraud and corruption. 3. Conflict of Interest: Concerns about Madhabi Buch’s past ties with ICICI Securities, which has links to Adani. Suggests SEBI might have overlooked issues due to these conflicts. 4. ICICI Relationship: ICICI Securities helped raise funds for Adani. Buch’s prior role at ICICI raises questions about her impartiality. 5. Lack of Regulatory Action: Accusations that SEBI didn’t investigate Adani’s offshore dealings thoroughly. 6. International Involvement: International banks are mentioned as possibly overlooking suspicious activities. Claims that Adani exploited weaker regulatory environments abroad. 7. Recommendations: Calls for an independent investigation into Adani’s offshore dealings and SEBI’s actions. Urges transparency and better investor awareness. ‼️Support for Adani Group‼️ Despite the allegations, Adani Group is crucial to India’s growth. They’ve reduced debt, focused on core businesses, and created thousands of jobs. Let’s recognize their positive impact on the economy! 🇮🇳📈 #SupportAdani #EconomicGrowth

𝗦𝗘𝗕𝗜 𝗔𝗺𝗲𝗻𝗱𝘀 𝗔𝗜𝗙 𝗥𝗲𝗴𝘂𝗹𝗮𝘁𝗶𝗼𝗻𝘀: 𝗞𝗲𝘆 𝗖𝗵𝗮𝗻𝗴𝗲𝘀 𝗳𝗼𝗿 𝗙𝘂𝗻𝗱 𝗘𝘅𝘁𝗲𝗻𝘀𝗶𝗼𝗻𝘀 𝗮𝗻𝗱 𝗕𝗼𝗿𝗿𝗼𝘄𝗶𝗻𝗴 𝗟𝗶𝗺𝗶𝘁𝘀 The Securities and Exchange Board of India (SEBI) has introduced significant amendments to the SEBI (Alternative Investment Funds) Regulations, 2012. These changes impact the extension of fund tenures, borrowing limits, and leverage rules for Category I and II AIFs. The updated regulations provide greater flexibility for large-value funds and align operational borrowing with specific conditions. Read More: https://lnkd.in/gXsxpjEt Luv Madan Aditi Kumari Tarush Bhandari #LegalUpdate #SEBI #AlternativeInvestmentFunds #AIFRegulations #InvestmentRegulations #RegulatoryChanges #InvestmentFunds #FinancialServices #Compliance #DMDAdvocates

SEBI amends InvIT regulations to include subordinate units. New rules effective from notification date.: The Securities and Exchange Board of India (Infrastructure Investment Trusts) (Amendment) Regulations, 2024, effective from May 27, 2024, introduce several key changes. Notably, subordinate units are defined and excluded from the calculation of outstanding units (Reg. 2). Regulation 4 mandates only one class of units with equal voting and distribution rights, and allows unitholders with at least 10% of units to nominate a director, subject to recusal provisions. Regulation 12 excludes subordinate units from minimum unitholding requirements. Regulation 14 prohibits public fund-raising if subordinate units are outstanding. Chapter IVA outlines the framework for issuing subordinate units, including issuance conditions, transfer restrictions, and reclassification criteria. Regulation 22 and 23 require separate disclosure of unitholding patterns for ordinary and subordinate units. http://dlvr.it/T7V3Yw #SEBI #InvIT #Regulations #Finance #Investment

Hindenburg’s Allegations Against SEBI Chief: What It Means for India’s Markets Hindenburg Research, known for investigating companies, has recently accused the Chairperson of SEBI (Securities and Exchange Board of India), Madhabi Puri Buch, and her husband of having hidden stakes in offshore funds linked to the Adani Group. Hindenburg claims these funds were used for money laundering and stock manipulation. What Could Happen to India’s Markets? 1. Loss of Investor Trust: If people start to believe these allegations, it could make investors lose trust in India’s market regulator, SEBI. This could cause uncertainty and more market volatility. 2. Market Instability: Stocks, especially those related to the Adani Group, might see increased pressure, leading to broader market instability. 3. Impact on Foreign Investment: If global investors think that India’s market regulator is compromised, they might hesitate to invest in India, affecting the economy. SEBI’s Response Madhabi Puri Buch has strongly denied these allegations, calling them baseless. She assured that her financial dealings are fully transparent and publicly disclosed. SEBI has also reiterated its commitment to a fair and independent investigation into the Adani Group, stressing that it operates with integrity. What’s Next? The situation is still developing. If SEBI’s denial holds, it may calm the markets. However, if new evidence supports Hindenburg’s claims, it could lead to significant turmoil in India’s financial markets and raise serious concerns about the country’s regulatory framework. This ongoing issue is critical, and its outcome could have a lasting impact on India’s financial market stability and investor confidence. #indianmarket #sharemarket

Very insightful presentation

SEBI Chairman, Madhabi Puri Buch, highlights the postive impact of shorter settlement cycles, at the Confederation of Indian Industry Summit. Watch this full video to know more interesting insights. Disclaimer: https://bit.ly/3DZqs3K #YESSECURITIES #Choiceofthewize #India #SEBI #Securities #T+0 #ShortSettlement #DVPRatio #Finance #CurrentAffairs