Press Esc to close
Thursday 03 September 2015
News updated at 9:55 AM IST
Weather
Max: 33°C
Min : 22°C
In Bengaluru
Rain lightly

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
Bandh supporters blocked railway track at Sodepur Station in North 24 Pargana...

Bandh supporters blocked railway track at Sodepur Station in North 24 Pargana...

Kashmiri women carry grass as they walk through the fields on the outskirts of Srinagar...

Kashmiri women carry grass as they walk through the fields on the outskirts of Srinagar...

Social activist Nafisa Ali showing her support to Ex-servicemen...

Social activist Nafisa Ali showing her support to Ex-servicemen...

Students from Manipur shout slogans during protest against recent violence in Manipur...

Students from Manipur shout slogans during protest against recent violence in Manipur...

School children dress up as lord Krishna during a fancy dress competition...

School children dress up as lord Krishna during a fancy dress competition...

Launch of Land Rover Discovery Sport in Mumbai...

Launch of Land Rover Discovery Sport in Mumbai...

Launch of the World's slimmest tablet 'Galaxy Tab S2' ...

Launch of the World's slimmest tablet 'Galaxy Tab S2' ...

People ride a boat across flood waters in Kaziranga National Park on Wednesday...

People ride a boat across flood waters in Kaziranga National Park on Wednesday...

All India Bandh for various demands  in Bengaluru on Wednesday...

All India Bandh for various demands in Bengaluru on Wednesday...

Kannada Chaluvali Vatal Party President Vatal Nagaraj staging protest...

Kannada Chaluvali Vatal Party President Vatal Nagaraj staging protest...

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