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In January, SEBI floated a consultation paper on review of regulatory framework for investment advisers and sought comments from the public on the same. The consultation paper had created a buzz among RIA community as to how the new regulatory regime would turn out for them in an already challenging and competitive environment. The so [&h...
Read MoreSEBI has made changes in existing Investment Adviser regulation via amendment dated July 03, 2020. SEBI (Investment Advisers) (Amendment) Regulations, 2020 Some key changes are highlighted as below: 1. Distributors shall not use the nomenclature “Independent Financial Adviser or IFA or Wealth Adviser or any other similar name” unless ...
Read MoreThere is long standing dilemma among the Investment Advisers fraternity as to which fee model should an investment Adviser adopt. It is quite obvious that advisers having different business models require different type of fee model. So ‘One Size Fits All’ approach cannot be adopted for all advisory business practice. Advisers are hav...
Read MoreFrequently asked questions on Compliance Audit We have been receiving multiple questions related to Compliance audit requirement by SEBI Registered Research Analysts. Based on that we have attempted to capture some of the common questions. 1. What is Compliance Audit? Basically Compliance Audit is checking of the compliances followed by t...
Read MoreImpact and Analysis of the SEBI (Investment Advisers) (Amendment) Regulations, 2020 Earlier this year SEBI has issued the Consultation Paper on 16th January, 2020 seeking public comments on the proposed changes. Post this, in February, 2020 SEBI in its Board Meeting approved certain changes to it. Now on 3rd July, 2020 SEBI has notified ...
Read MoreIt could be observed from all the actions taken by the Government that it is ensuring that while the country is struggling with the pandemic, the businesses go on smoothly. Previously, the regulator, SEBI had allowed postponement in the time-limit for the submissions required to be done by all the REITs and Invits. However, announcin...
Read MoreCompany Secretaries in Practice are also facing same difficulties in the issuance of the Annual Secretarial Compliance Report as been faced by the Auditors due to continuing lockdown in the Country particularly in the State of Tamilnadu, location of the listed companies, its subsidiaries and associates in containment zones and other opera...
Read MoreHIGH LEVEL COMMITTEE UNDER THE CHAIRMANSHIP OF JUSTICE ANIL R. DAVE, RETIRED JUDGE, SUPREME COURT OF INDIA A REPORT ON THE MEASURES FOR STRENGTHENING THE ENFORCEMENT MECHANISM OF THE BOARD AND INCIDENTAL ISSUES PREFACE The Securities and Exchange Board of India was set-up with the following mandates, – (i) to protect the interest of...
Read MoreSecurities and Exchange Board of India Notice inviting comments on the recommendation made by High Level Committee under the Chairmanship of Justice A. R. Dave, Retired Judge, Supreme Court of India, on the Measures for Strengthening the Enforcement Mechanism of the Board and Incidental Issues. Dated the 16th June, 2020 1. The High Level...
Read MoreBombay Stock Exchange (BSE) vide notice no. 20200522-21 dated 22nd May, 2020 relaxed Eligibility Criteria for SMEs in view of Covid-19 Pandemic Situation with effect from June 1, 2020. It amends BSE circular dated 19th April 2012 related to eligibility criteria for companies seeking listing on BSE SME Platform as well as the guidelines fo...
Read MoreDr. Udayant Malhoutra Vs SEBI (SAT Mumbai) - Dr. Udayant Malhoutra Vs SEBI (Securities Appellate Tribunal, Mumbai) 1. The present appeal has been filed against an ex-parte order dated June 15, 2020 passed by the Whole Time Member (‘WTM’ for short) of Securities and Exchange Board of India (‘SEBI’ for short) directing th...
Read MoreAdjudicating Officer Vs Bhavesh Pabari (Supreme Court India) - SC grants controlled discretion to Adjudicating Officer under Section 15J of The SEBI Act The Supreme Court of India ruled in Adjudicating Officer, SEBI v. Bhavesh Pabari (Bhavesh Pabari) granting back the discretionary power to Adjudicating Officer (AO) under supervision and scrutiny of the c...
Read MorePooja Vinay Jain Vs SEBI (Securities Appellate Tribunal) - In the present case, the appellant neither put a plea of prejudice before the AO nor before us. It was simply stated that since the proceedings were launched by respondent SEBI after a period seven years, the same should be quashed on the ground of delay. The record would show that all the documents...
Read MoreIn re Deemed Public Issue Norms (Securities and Exchange Broad of India) - In re Deemed Public Issue Norms (Securities and Exchange Broad of India) Conclusion: Offer of RPS by the company and pursuant allotment were deemed public issue of securities under the first proviso to Section 67(3) of the Companies Act, therefore, all the noticees were jointly and severally with ...
Read MoreIndiabulls Housing Finance Ltd. Vs SEBI (Delhi High Court) - It has become impossible for the petitioner to effect recoveries of debts, owed to it by various institutions, which, in the submission of Mr. Nayar, aggregate to over Rs. 3 crores. In view thereof, the submission of Mr. Nayar is that, as the lockdown has been presently extended till 3rd May, 2020,...
Read MoreNo. SEBI/LAD-NRO/GN/2020/22 - (03/07/2020) - 1. These Regulations may be called the Securities and Exchange Board of India (Investment Advisers) (Amendment) Regulations, 2020. 2. They shall come into force on the ninetieth day from the date of their publication in the Official Gazette....
Read MoreNotification No. SEBI/LAD-NRO/GN/2020/21 - (01/07/2020) - 1. These regulations may be called the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) (Third Amendment) Regulations, 2020. 2. They shall come into force on the date of their publication in the Official Gazette....
Read MoreNotification No. SEBI/LAD-NRO/GN/2020/20 - (01/07/2020) - These regulations may be called the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) (Third Amendment) Regulations, 2020. They shall come into force on the date of their publication in the Official Gazette....
Read MoreCirculars No. SEBI/HO/DDHS/DDHS/CIR/P/2020/114 - (01/07/2020) - SEBI further extends due date for regulatory filings and compliances for REIT and InvIT for te period ending March 31, 2020 by a month over and above the extended timelines specified vide the aforementioned Circular....
Read MoreSEBI/HO/MIRSD/DPIEA/CIR/P/2020/115 - (01/07/2020) - On analysis of early warning signals or any of the following triggers, if the SE / CC is of the view that the TM / CM is likely to default in the repayment of funds / securities to its clients and / or fail to meet the settlement obligations...
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No. SEBI/LAD-NRO/GN/2020/22 - (03/07/2020) -
Notification No. SEBI/LAD-NRO/GN/2020/21 - (01/07/2020) -
