SEBI Board Approves Framework For Gold And SSE
SEBI board approves framework for gold and social stock exchanges.
The Securities and Exchange Board of India (SEBI) took several decisions in its meeting held today.
SEBI’s board on Tuesday approved several reforms, including a framework for gold and social stock exchanges.
Besides, the regulator has decided to relax the eligibility requirements related to shares with better voting rights, SEBI Chairman Ajay Tyagi told the media after the board meeting.
Speaking on Social Stock Exchange, Tyagi said that a proposal has been approved for the creation of this exchange for fundraising on behalf of social enterprises.
Tyagi further said that he cannot give any separate timeline for such an exchange and will coordinate with the government to take it forward.
The board also approved the proposal to amend the de-listing framework after the open offer.
Meanwhile, SEBI has imposed a fine of 75 lakhs on Videocon Chief Venugopal and two others for insider trending.
Dhoot has been fined 25 lakhs. Electroparts India and Videocon Realty and Infrastructure Limited have also been fined Rs 25 lakh each.
All three will have to pay this fine within 45 days of the receipt of this order.
SEBI on Monday confirmed its earlier direction to bar five persons from working in the stock market.
These people are accused of indulging in insider trading in shares of a company. The regulator has said that it will pass a separate order in the matter.
SEBI will issue this order after giving an opportunity to those entities to express their views.
This opportunity will be given to those units against whom the interim order was passed but are not covered in the interim order.
Gold Price Today: Gold futures price rise, silver prices also fall, know what are the rates.
There was a slight increase in the rate of gold in the futures market on Wednesday.
On the Multi Commodity Exchange (MCX), the price of gold for delivery in December 2021 was trending up by Rs 25, or 0.05 percent, at Rs 45,981 per 10 grams.
In the previous session, the rate of gold was at Rs 45,956 per 10 grams.
The rate of gold with the October 2021 contract was rising by Rs 47, or 0.10 percent, to Rs 45,900 per 10 grams. In the previous session, the price of gold for delivery in October was at Rs 45,853 per 10 grams.
