Press Esc to close
Wednesday 23 July 2014
News updated at 6:55 PM IST
Weather
Max: 28°C
Min : 21.3°C
In Bangalore
Sunny day
Breaking News

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
Jet Airways Chairman Naresh Goyal looks on as CEO Cramer Bell (left) and James Hogan...

Jet Airways Chairman Naresh Goyal looks on as CEO Cramer Bell (left) and James Hogan...

A worker sorting tomatoes at a vegetable market in...

A worker sorting tomatoes at a vegetable market in...

Legendary cricketer Sachin Tendulkar during the launch of Kaspersky Kids...

Legendary cricketer Sachin Tendulkar during the launch of Kaspersky Kids...

A bull stands inside a shop selling clothes at Varanasi...

A bull stands inside a shop selling clothes at Varanasi...

Actress Mandira Bedi with her son during the launch of Philips...

Actress Mandira Bedi with her son during the launch of Philips...

Stage dancers dressed up like MG Ramachandran (MGR), Rajnikanth and Kamalhassan...

Stage dancers dressed up like MG Ramachandran (MGR), Rajnikanth and Kamalhassan...

First lady heavy vehicle driver of Assam Deepali Rajkhowa on the driving seat...

First lady heavy vehicle driver of Assam Deepali Rajkhowa on the driving seat...

Hindu devotees travel past holy ghats on the banks of the river Ganges...

Hindu devotees travel past holy ghats on the banks of the river Ganges...

Visitors at Parliament House in New Delhi on Wed..

Visitors at Parliament House in New Delhi on Wed..

Telangana chief minister K.Chandrashekhar Rao presenting a letter of appointment...

Telangana chief minister K.Chandrashekhar Rao presenting a letter of appointment...

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