SEBI notifications

Circular No. SEBI/IMD/DOF-1/BOND/Cir-5/2009- 100% Asset Cover: To align the Listing Agreement with the provisions of the Companies Act, 1956, the amended Listing Agreement requires issuers to maintain 100% asset cover sufficient to discharge the principal amount at all times for the debt securities issued. Further, to provide more information to investors, the periodic disclosures to the stock exchange shall now require disclosure of the extent and nature of security cre.. Full Article

All trading members of the Exchange who are registered with Association of Mutual Funds of India (AMFI) as Mutual Fund Advisors and who have signed up with the specific Asset Management Company (AMC) of a Mutual Fund are eligible to participate in the New MFSS. For this purpose, trading members shall have to register with NSEIL as Participants by submitting an Undertaking as per the format specified in Annexure 2. Full Article

A stock exchange in India is recognized by the Central Government / SEBI under section 4 of Securities Contracts (Regulation) Act, 1956 for the purpose of assisting, regulating or controlling the business of buying, selling or dealing in securities, after it is satisfied that it would be in the interest of the trade and also in the public interest to grant such recognition. Currently, there are 20 recognized stock exchanges in India. However, it has been observed that so.. Full Article

Press Note No. 7 (2009), dated 26-9-20091. Government of India had laid the guidelines for foreign investment in Commodity Exchanges vide Press Note 2(2008) dated 12th March 2008. As per the guidelines, a composite ceiling for foreign investment of 49% was allowed with prior Government approval, subject to the condition that investment under the Portfolio [...] Full Article

Introduction of Interest Rate Futures- NBFCs RBI/2009-10/165 DNBS.PD.CC.No.161/3.10.01/ 2009-10 September 18,  2009 All NBFCs (excluding RNBCs) Dear Sir Introduction of Interest Rate Futures- NBFCs Please refer to the Directions issued by the Reserve Bank of India in terms of Notification No. FMD. 1 /ED(VKS) – 2009 dated August 28, 2009, covering the framework for trading of [...] Full Article

1. Background SEBI Committee on Disclosures and Accounting Standards (SCODA) is the standing Committee of SEBI that advises on matters relating to disclosures and accounting standards. As part of a review of the extant norms relating to disclosure requirements and accounting standards for listed entities, the Committee has deliberated on certain issues, the details of [...] Full Article

Cir No. IMD/FII & C/40/2009  Dated : September 04, 2009 Sub: Allocation methodology of debt investment limits to FIIs Allocation through bidding process 1. Please refer to SEBI circular IMD/FII & C/ 37/2009 dated February 06, 2009 IMD/FII & C/39/2009 dated May 12, 2009 and providing the modalities for the allocation methodology for the debt [...] Full Article

CIRCULAR NO. CFD/DIL/LA/2009/3/2, DATED 3-2-2009 1.0 It has been decided to amend certain clauses in the Equity Listing Agreement to enhance disclosures regarding shareholding of promoters and promoter group. Accordingly, this circular is issued in exercise of powers conferred by subsection (1) of Section 11 of the Securities and Exchange Board of India Act, 1992, [...] Full Article

The Securities and Exchange Board of India (Sebi) has allowed pricing of employee stock options (ESOPs) on the Black-Scholes model or a Binomial model. This model uses an option-racing model that takes into account, as of the grant date, the exercise price and expected life of the option. Full Article

The Securities and Exchange Board of India is turning a stricter eye on company promoters who have been issued preferential warrants, saying that they will have to forfeit the upfront payment made on unexercised warrants.This is contained in its recently notified Issue of Capital and Disclosure Requirements (ICDR) Regulations 2009, which SEBI made public on [...] Full Article