Shri S. Raman, Whole Time Member, SEBI has passed an order dated May 13, 2013, in the matter of inspection of M/s. India Infoline Limited, warning the stock broker M/s. India Infoline Limited to be careful and cautious in the conduct of its stock broking activity and to adhere to and comply with all the [...]

All listed companies undertaking a Scheme of Arrangement under Part IV and Chapter V of Part VI of the Companies Act, 1956, (Amalgamation/ Merger/ Reconstruction/ Reduction Of Capital, etc.) are required to submit a valuation report in terms of Para (I) (A) read with Part A, Annexure I of the SEBI Circular No. CIR/CFD/DIL/5/2013 dated February 4, 2013.

SEBI has received various suggestions with regard to the requirement of system audit of trading algorithm / software used by stock brokers / trading members. After due examination of the suggestions in consultation with the Technical Advisory Committee, it has been decided to revise the requirement as follows:

SEBI vide Circular No. CFD/DIL/3/2013 dated January 17, 2013 made amendments to Equity Listing Agreement and SEBI (Employee Stock Option Schemes and Employee Stock Purchase Schemes) Guidelines, 1999 (SEBI (ESOS and ESPS) Guidelines, 1999).

In the larger interest of public disclosure regarding steps taken by listed companies from Environmental, Social and Governance (“ESG”) perspective, SEBI had mandated inclusion of BR Reports as part of the Annual Reports of listed companies. As per the SEBI Circular dated August 13, 2012, it is mandatory for top 100 listed companies, based on [...]

The Board of directors of the company shall have an optimum combination of executive and non-executive directors with not less than fifty percent of the board of directors comprising of non-executive directors.

The petitioners have approached this Court seeking various reliefs, including quashing of Ext.P2 circular. The main ground of challenge of the order is that the Securities and Exchange Board of India has no power to issue the notification. The circular is for the benefit of the investors. It ensures transparency or openness as distributors have [...]

CS Kiran Kumar Guptha B As per SEBI Circular dated October 05, 2011, the following is an important amendment to Clause 41 of Listing Agreement: ‘The issuer shall submit audited financial results for the entire financial year, within sixty days of the end of the financial year. The issuer shall also submit the audited financial [...]

Private Placement to less than 50 investors has been permitted as an alternative to New Fund Offer to the public, in case of Infrastructure Debt Funds (IDF). In case of private placement, the mutual funds would have to file a Placement Memorandum with SEBI instead of a Scheme Information Document and a Key Information Memorandum.

Securities and Exchange Board of India (SEBI) has from time to time put in place various risk containment measures to address the risks involved in the cash and derivatives market. But as the market is always in a dynamic state, the risk management system cannot remain static and has to constantly address the changing risk [...]