SEBI News, Articles, Notifications and Forms

Circular No. CFD/DIL/DIP/35/2009/20/04 - ith the opening of a Western Regional Office at Ahmedabad, the allocation of regions for processing of draft offer documents for public/ rights issues, stands modified. 2. Accordingly, in exercise of the powers conferred under sub-section (1) of Section 11 of the Securities and Exchange Board of India Act, 1992, it has been decided to amend Schedule XXII of the SEBI (Disclosure and Investor Protection) Guidelines, 2000 (hereinafte.. Full Article

In order to stop squandering of client funds, the Securities and Exchange Board of India is planning to issue new norms for client-broker agreement in a month’s time. A client-broker agreement lists terms and conditions relating to order and trade confirmation, contract notes, brokerage, settlement schedules, margin payments and dispute resolution. It also makes it [...] Full Article

The Securities and Exchange Board of India on Wednesday proposed to extend trading hours in exchanges to align the domestic bourses with international markets and asked various stakeholders for their opinion. “With the increased integration of the global markets, information originating from different countries has a bearing on Indian securities market,” Sebi, the market regulator, [...] Full Article

The Securities & Exchange Board of India (Sebi) Committee on Disclosures and Accounting Standards (SCODA) has recommended that the listed entities in the country should be permitted to opt for a separate set of disclosures for the rights issues (RIs) provided the issuer entity has been filing periodical statements and information on compliance with the [...] Full Article

The Securities and Exchange Board of India (Sebi) is all set to begin the proposed peer audit review of the companies that form the Sensex and Nifty benchmark indices. The peer audit had been proposed by the market regulator’s advisory committee on disclosures and accounting in the wake of the Satyam Computers’ scam where the [...] Full Article

THE GAZETTE OF INDIA EXTRAORDINARY PART –III– SECTION 4 PUBLISHED BY AUTHORITY NEW DELHI, FEBRUARY 13, 2009 SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION MUMBAI, the 13th February, 2009 Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) (Second Amendment) Regulations, 2009   No. LAD/NRO/GN/2008-09/34/154082. In exercise of the powers conferred by [...] Full Article

If the Satyam and Orchid Chemicals and Pharma episodes are any indication, promoters pledging shares can be an extremely sordid affair  and can leave ordinary investors in the lurch. But promoters, unperturbed, continue to pledge a large chunk of their stake with banks and financial institutions. The pledged shares in some cases touch 20% to [...] Full Article

The new chief executive officer of fraud-hit Satyam Computer Services sold 40,000 shares of the company in the days before the previous  board’s aborted decision to buy two related firms, stock exchange data shows. A.S. Murty was named chief executive with immediate effect by the new government-appointed board on Thursday, Satyam said in a statement [...] Full Article