SEBI UPDATE

Procedure to deal with cases prior to April 01, 2014 involving offer / allotment of securities to more than 49 and up to 200 investors in a financial year

SEBI, vide circular No. CIR/CFD/DIL3/18/2015 dated December 31, 2015, prescribed the procedure to deal with cases involving offer /...Continue Reading

SEBI UPDATE

Electronic book mechanism for issuance of debt securities on private placement basis 

In order to streamline procedures for issuance of debt securities on private placement basis and enhance transparency to discover prices, SEBI laid down a framework for issuance of debt securities on private placement basis through an electronic book...Continue Reading

SEBI UPDATE

FAQs on SEBI (Delisting of Equity Shares) Regulations, 2009

SEBI has issued Frequently Asked Questions (FAQs) on governing the delisting of Equity Shares. These FAQs offer only a simplistic explanation / clarification of terms / concepts related to the SEBI (Delisting of Equity Shares) Regulations, 2009

SEBI UPDATE

Amendment of Guidance Note on SEBI (Prohibition of Insider Trading) Regulations, 2015

Guidance Note on SEBI (Prohibition of Insider Trading) Regulations, 2015 (“PIT Regulations”) was issued on August 24, 2015 under regulation 11 of the PIT Regulations providing guidance to the market to remove certain difficulties in the interpretation or...Continue Reading

SEBI UPDATE

Clarification regarding applicability of Indian Accounting Standards to disclosures in offer documents under SEBI (ICDR) Regulations, 2009

1. SEBI (ICDR) Regulations, 2009 require disclosure of financial information for each of the five financial years immediately preceding the filing of the offer document...Continue Reading

SEBI UPDATE

FAQs on Investor Grievances - SCORES

Sebi has issued FAQ on Investor Grievances for :

• Investors
• Companies and Intermediaries

BSE UPDATE

MANDATORY FILING OF CORPORATE GOVERNANCE REPORT AND SHAREHOLDING PATTERN IN XBRL MODE

In continuation to the notice dated 30th November, 2015 with regards to mandatory filing of information with the Exchange in electronic mode and with a view to making the disclosure more accurate and efficient, the Exchange had introduced facility of XBRL based reporting...Continue Reading

SEBI UPDATE

Investments by FPIs in REITs, InvIts, AIFs and corporate bonds under default

A. REITs, InvIts and AIFs

1. RBI had vide notification No. FEMA.355/2015-RB dated November 16, 2015 carried out necessary amendments in Foreign Exchange Management (Transfer or Issue of Security by a Person Resident Outside India) (Eleventh Amendment) Regulations, 2015...Continue Reading

SEBI Updates- 03.03.2016

Sebi has issued FAQ on SEBI (Share Based Employee Benefits) Regulations, 2014 in respect of :

• un-appropriated inventory of shares
• The restriction on grant of ESOPs to independent directors
• The lock-in requirement is applicable at the level of employee

SEBI UPDATE

CIRCULAR ON MUTUAL FUNDS 

Please refer to SEBI circular dated November 24, 2000 on treatment of unclaimed redemption and dividend amounts. In partial modification of the aforementioned circular, it has been decided that:

A. Treatment of unclaimed redemption and dividend amounts

1. The unclaimed redemption and dividend amounts, that are currently allowed to be deployed only in call money market or money...Continue Reading