Press Esc to close
Friday 03 July 2015
News updated at 2:34 AM IST
Weather
Max: 31°C
Min : 21°C
In Bengaluru
Partially cloudy

SEBI to announce new rules for insider trading, share buyback

Mar 26, 2013 PTI

Capital market regulator SEBI on Tuesday said new guidelines to curb insider trading and new rules for share buyback would be announced shortly.

“We will shortly come out with new norms to check insider trading and new guidelines for share buyback,” said SEBI chairman U.K. Sinha, adding that the existing insider trading regulations were old.

“Lot of new developments are taking place and the existing laws are old to deal with them,” Mr. Sinha said at an CII interactive session here.

He said that SEBI had set up an expert group and by the end of this year, new insider trading regulations would be announced.

Regarding share buyback, Mr. Sinha said: “We have seen (some) companies resorting to buyback of shares and are doing so to manipulate the share prices and not for rewarding the investors“.

“We have prepared a discussion paper and received comments from the people. Soon new regulations will be announced,” he said.

SEBI was also working on issues like the role of independent directors for board-level corporate governance, related party transactions and methodology for fixing of compensation of top personnel of companies.


Go to Top

Photo Gallery
Indian High Commissioner Ranjan Mathai hosts two winners of the Queen's Young Leaders award...

Indian High Commissioner Ranjan Mathai hosts two winners of the Queen's Young Leaders award...

Engine of Delhi - Rewari passenger train catches fire near Garhi Harsaru village in Gurgaon...

Engine of Delhi - Rewari passenger train catches fire near Garhi Harsaru village in Gurgaon...

Actor-couple Soha Ali Khan and Kunal Khemu at an event in Bengaluru...

Actor-couple Soha Ali Khan and Kunal Khemu at an event in Bengaluru...

Bollywood actress Yami Gautam during a promotional event in Mumbai...

Bollywood actress Yami Gautam during a promotional event in Mumbai...

Union Home Minister Rajnath Singh during a visit to the Hazratbal shrine in Srinagar...

Union Home Minister Rajnath Singh during a visit to the Hazratbal shrine in Srinagar...

Sadhus eat meals from a community kitchen as they wait to register for  Amarnath cave shrine...

Sadhus eat meals from a community kitchen as they wait to register for Amarnath cave shrine...

Security personnel keep vigil from the moutains near the holy Amarnath shrine, Baltal...

Security personnel keep vigil from the moutains near the holy Amarnath shrine, Baltal...

A security jawan patrols as pilgrims move towards holy cave shrine of Amarnath...

A security jawan patrols as pilgrims move towards holy cave shrine of Amarnath...

Bollywood actors Rishi Kapoor and Asin Thottumkal at the trailer launch of the film All is Well...

Bollywood actors Rishi Kapoor and Asin Thottumkal at the trailer launch of the film All is Well...

Priyanka Chopra interacts with media persons on Preventing Anaemia...

Priyanka Chopra interacts with media persons on Preventing Anaemia...

Copyright 2014, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523