SEBI approves stock futures in 31 shares
Mumbai: The Securities and Exchange Board of India on Thursday approved trading of stock futures in 31 shares.
SEBI said it had approved trading of futures in 31 stocks in which options \trading is already allowed.

Badla or carry-forward trading was banned from July after it was blamed for causing a payment crisis in March. That crisis accelerated a stock market slide that wiped out 1.5 trillion rupees in investor wealth, or a fifth the value of the Indian market, in a two-month period.

The century-old badla trading system, which allowed investors to carry forward trades without paying for the securities, accounted for 90 per cent of trading volume at one time.
The SEBI board on Thursday approved several risk control measures recommended by its advisory panel in September.
Futures contracts must be settled in cash initially, and the board adopted guidelines pertaining to margins, exposure limits and the maximum maturity of futures.

Initially futures contracts of only three months will be allowed, with the tenure subsequently to be expanded to 12 months.
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SEBI modifies buyback regulations
Mumbai: The Securities and Exchange Board of India on Thursday approved the modifications to the SEBI buyback regulations, making it mandatory for companies to notify the stock exchange at least seven days prior to the board meeting to consider the proposal.

These modifications were being incorporated consequent to the amendment of Companies Act, 1956, to ensure transparency for investors, SEBI said.
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