Nifty99000 100%

Sensex99000 100%

Article rating: 4.2
Article rating: 5.0
Article rating: 4.3
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: 4.0
Article rating: 4.0
Article rating: No rating
Article rating: 3.0


Closer scrutiny on firms under IRP

Author: IANS/Monday, June 11, 2018/Categories: Regulatory

Closer scrutiny on firms under IRP

Mumbai - Stock market regulator Securities and Exchange Board of India (SEBI) has directed exchanges to introduce surveillance measures for companies that are being proceeded against under the Insolvency Resolution Process (IRP) of the Insolvency and Bankruptcy Code, effective June 11, 2018.

"In continuation to various surveillance measures already implemented, SEBI and exchanges, pursuant to discussions in joint surveillance meetings, have decided that along with the aforesaid measures there shall be surveillance measures for companies that are undergoing IRP as per IBC w.e.f June 11, 2018," the BSE said in a statement.

Accordingly, the list of securities undergoing IRP as per IBC shall be available on the exchange's website.

"The aforesaid securities shall be monitored on a pre-determined objective criteria and margin shall be levied at the rate of 100% once the criteria gets satisfied," the statement said. 

"These securities shall be further monitored for an objective criteria and shall be shifted to Trade for Trade segment once the criteria gets satisfied." 

Additionally, the statement said that new steps shall be in conjunction with all other prevailing surveillance measures being imposed by the exchanges.

Moreover, SEBI and exchanges have introduced various "pre-emptive surveillance measures such as reduction in price band, periodic call auction and transfer of securities to Trade to Trade category" to enhance market integrity.

Print Rate this article:
No rating

Number of views (188)/Comments (0)

rajyashree guha


Other posts by IANS
Contact author

Leave a comment

Add comment



Ask the Finapolis.

I'm not a robot
Dharmendra Satpathy
Col. Sanjeev Govila (retd)
Hum Fauji Investments
The Finapolis' expert answers your queries on investments, taxation and personal finance. Want advice? Submit your Question above
Want to Invest



The technical studies / analysis discussed here can be at odds with our fundamental views / analysis. The information and views presented in this report are prepared by Karvy Consultants Limited. The information contained herein is based on our analysis and upon sources that we consider reliable. We, however, do not vouch for the accuracy or the completeness thereof. This material is for personal information and we are not responsible for any loss incurred based upon it. The investments discussed or recommended in this report may not be suitable for all investors. Investors must make their own investment decisions based on their specific investment objectives and financial position and using such independent advice, as they believe necessary. While acting upon any information or analysis mentioned in this report, investors may please note that neither Karvy nor Karvy Consultants nor any person connected with any associate companies of Karvy accepts any liability arising from the use of this information and views mentioned in this document. The author, directors and other employees of Karvy and its affiliates may hold long or short positions in the above mentioned companies from time to time. Every employee of Karvy and its associate companies is required to disclose his/her individual stock holdings and details of trades, if any, that they undertake. The team rendering corporate analysis and investment recommendations are restricted in purchasing/selling of shares or other securities till such a time this recommendation has either been displayed or has been forwarded to clients of Karvy. All employees are further restricted to place orders only through Karvy Consultants Ltd. This report is intended for a restricted audience and we are not soliciting any action based on it. Neither the information nor any opinion expressed herein constitutes an offer or an invitation to make an offer, to buy or sell any securities, or any options, futures or other derivatives related to such securities.

Subscribe For Free

Get the e-paper free