Procedures for Foreign Portfolio Investors Simplified-Several Measures Announced to Strengthen Capital Markets Terming the Indian markets as amongst the best regulated the Finance Minister announced several measures to strengthen the capital market regulator SEBI on the eve of its Silver Jubilee. The DepositoryParticipants authorized by SEBI will now register different classes of portfolio investors subject [...]

CS Kiran Kumar Guptha B The SEBI, vide Circular No. CIR/CFD/DIL/5/2013 dated February 4, 2013 by rescinding the Circular No. SEBI/CFD/SCRR/01/2009/03/09 dated September 03, 2009, has revised the requirements for the Stock Exchanges and Listed companies desirous of undertaking a Scheme of Arrangement (Amalgamation/ Merger/ Reconstruction/ Reduction Of Capital, etc.)  Under sections 391, 394 and [...]

As CA certificate did not conform to the provisions contained in the regulations which requires that the certificate of the Chartered Accountant should be in confirmation of the Audited Accounts of the promoters/applicant for the five years preceding the date of the application. We are unable to approve the observations made by SAT that “neither [...]

Minimum subscription would have to be calculated after taking into account the requests made for withdrawal of share application. There is another reason for coming to the same conclusion. Undoubtedly, in this case like in other public issues, there are rejections by a Registrar based on various technical grounds. If as per the clause of [...]

We agree with learned counsel for the respondent Board that the alibi, that appellant does not understand English is not acceptable as he has given all his information in the KYC form in English and has also signed the said application form in English. His reply dated January 27, 2009 to the show cause notice [...]

Gold related instruments – Regulation 2(mc) of MF Regulations stipulates that gold related instruments are such instruments having gold as underlying, as are specified by SEBI from time to time.

I further direct the attachment of all movable and immovable properties standing in the names of Shri Subrata Roy Sahara, Ms Vandana Bhargava, Shri Ravi Shanker Dubey and Shri Ashok Roy Choudhary with immediate effect. These individuals are directed to furnish details of all movable and immovable properties standing in their names within 21 days from the date of this order. Pending furnishing of this information, these individuals are restrained from alienating, disposing or in any manner encumbering the movable and immovable properties standing in their individual names.

The issue of extending call auction mechanism in pre-open session to all scrips was deliberated in Secondary Market Advisory Committee (SMAC). SMAC also made recommendation on introduction of trading through periodic call auction mechanism for illiquid scrips in the equity market. Accordingly, it has been decided to implement following:

All of us must have gone through the provisions of recently issued circular dated February 4, 2013 by SEBI. The said circular is issued in exercise of the powers conferred under Section 11 and Section 11A of the SEBI Act, 1992 read with Rule 19(7) of SCRR, 1957.

CIRCULAR No. MRD/DP/05/2013, DATED 8-2-2013  1.  SEBI vide its circular DNPD/5/2011, dated June 02, 2011, permitted liquidity enhancement schemes (LES) in Equity Derivatives Segment and specified broad guidelines for the same.  2.  Pursuant to the introduction of LES scheme in derivatives segment to enhance liquidity in illiquid derivative products, there was demand that similar scheme [...]