SEBI

Action to be taken for non-compliances in case of Listed Companies

ACTION TO BE TAKEN IN CASE OF NON-COMPLIANCES BY LISTED COMPANIES Regulation : Fine payable and/or other action to be taken for non-compliance in respect of listed entity Regulation 6(1): Rs. 1,000 per day for non-compliance with requirement to appoint a qualified company secretary as the compliance officer Regulation 7(1): Rs. 1,000 per ...

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Amendments to the SEBI LODR

Based on the report of the Committee on Corporate Governance under the Chairmanship of Mr. Uday Kotak, SEBI notified the amendments to the SEBI LODR Regulations. These amendments are expected to improve the governance standards in large listed companies. The listed companies are expected to be in compliance with the requirements of the re...

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ICDR 2018 also applies to Companies listed on a stock exchange not having nationwide trading terminals 

Companies which are exclusively listed on a Recognized Regional Stock Exchange such as the Calcutta Stock Exchange Limited not having nationwide trading terminals, and are willing to issue further shares through Preferential Issue/Bonus Issue, etc. Whether such companies are to be treated as listed issuer as per ICDR, 2018?....

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Amendments to SEBI (Prohibition of Insider Trading) Regulations, 2015

INTRODUCTION As the term itself explains it is trading by the insider of the Company that is one who is having access to the information of the Company which is not available to public. Insider trading is the act of trading, directly or indirectly, in the securities of a publicly listed company by any person, […]...

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REITs and InvITs – The new superstar on the block

The real estate and infrastructure sectors are the backbone of any successful economy. In order to provide impetus to these sectors, the government introduced the concept of REITs and InvITs in India. REITs and InvITs have been creating quite a buzz in recent times, especially because of the first ever listing of REIT in India. In this ba...

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Paper on amendment to SEBI (Prohibition of Insider Trading) Regulations, 2015

Securities and Exchange Board of India Discussion Paper on amendment to the SEBI (Prohibition of Insider Trading) Regulations, 2015 to provision for an informant mechanism INTRODUCTION: 1. Insider trading is defined in the SEBI (Prohibition of Insider Trading) Regulations, 2015 (‘PIT Regulations’) to mean trading of securities while ...

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SEBI Discussion Paper on Framework for Regulatory Sandbox

Participants in the capital market in India have been early adopters of technology. SEBI believes that encouraging adoption and usage of financial technology (‘FinTech’) would have a profound impact on the development of securities market. FinTech can act as an instrument to further develop and maintain an efficient, fair and transpar...

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SEBI Discussion paper on review of buy-back of securities

The objective of this discussion paper is to seek comments / views from the public on suggestions relating to review of conditions for buy-back of securities....

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SEBI Discussion Paper on Review of Rights Issue Process

The objective of this discussion paper is to seek comments / views from the public and market intermediaries on Review of Rights Issue Process....

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Review of SEBI (Issue and Listing of Debt Securities by Municipalities) Regulations, 2015

CONSULTATION PAPER Review of SEBI (Issue and Listing of Debt Securities by Municipalities) Regulations, 2015 A. Objective: 1. To seek public comments on the proposals relating to SEBI (Issue and Listing of Debt Securities by Municipalities) Regulations, 2015 (hereinafter referred to as “ILDM Regulations”) with a view to, inter...

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SAT quashes Appeal filed by PWC, No Extension to carry out audit

Price Waterhouse & Co. Bangalore LLP Vs. SEBI (Securities Appellate Tribunal) - Price Waterhouse & Co. Bangalore LLP Vs SEBI (Securities Appellate Tribunal) 1. By this Miscellaneous Application Applicants / Original Appellants seek extension of the period of interim relief granted by this Appellate Tribunal vide order dated 15.02.2018. By the said order Applicants /Appellan...

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Naive to say that screen-based trades are anonymous and not synchronised: SC

Securities And Exchange Board Of India Vs. Rakhi Trading Private Ltd. (Supreme Court of India) - The Supreme Court has set aside an order of the Securities Appellate Tribunal (SAT) which held that only if there is market impact on account of sham transactions, could there be violation of the Prohibition of Fraudulent and Unfair Trade Practices Regulations. ...

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SC orders Auction of Sahara’s Ambey Valley City; Subrata Roy to attend on 27.04.2017

S.E.B.I. Vs Sahara India Real Estate Corpn. Ltd. & ors. (Supreme Court of India) - As no amount has been deposited by the contemnor, we are inclined to go ahead with auction for the Aamby Valley City near Lonavala, Maharashtra. Let the matter be listed at 2 p.m. on 27th April, 2017, on which day, the contemnor, Mr. Subrata Roy Sahara, shall remain personally present before this Co...

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SEBI bars ‘Reliance Industries’ from accessing equity market

Re. Reliance Petroleum Ltd. (RPL) (SEBI) - Going by the facts narrated by Noticee No. 1, liquidation of 5 % stake was decided. The same had to be done in an orderly manner. There was no outer time fixed for liquidation. Being guided by the analysts reports and the price trends of the scrip, Noticee No. 1 decided to start the sale in November...

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Sahara to pay Rs. 750 crore before due diligence to sell its hotel in USA

S.E.B.I. Vs. Sahara India Real Estate Corpn. Ltd.& Ors. (Supreme Court) - SC Said The permission can only be granted if SAHARA deposits a sum of Rs.750 crores before the Registry of this Court on or before 17th April, 2017...

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Handling of Clients’ Securities by Trading Members/Clearing Members

Circular No. CIR/HO/MIRSD/DOP/CIR/P/2019/75 - (20/06/2019) - stock broker shall segregate securities or moneys of the client or clients or shall not use the securities or moneys of a client or clients for self or for any other client....

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Credit of Penalty for short-collection/non-collection of Margins on Commodity Derivatives Segments to Core SGF

Circular No. SEBI/HO/CDMRD/DRMP/CIR/P/2019/73 - (20/06/2019) - Securities and Exchange Board of India CIRCULAR SEBI/HO/CDMRD/DRMP/CIR/P/2019/73 June 20, 2019 To, The Managing Directors / Chief Executive Officers, All Recognised Stock Exchanges and Clearing Corporations having Commodity Derivatives Segment IPF Trusts of Recognised Stock Exchanges Sir / Madam, Su...

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SEBI: Factors to assure confidentiality in a settlement application

Circular No. SEBI/HO/EFD2/CSD/CIR/P/2019/0000000072 - (18/06/2019) - A person who may have committed a violation of securities laws, other than those detailed in Tables VII to IX of Schedule II of the SEBI (Settlement Proceedings) Regulations, 2018, may make full disclosure of such violation and also provide substantial assistance in examination/investigation/inspect...

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Design of Commodity Indices & Product Design for Futures on Commodity Indices

SEBI/HO/CDMRD/DNPMP/CIR/P/2019/71 - (18/06/2019) - In the Union Budget Speech for the year 2016-17, the Hon’ble Finance Minister had announced that “new derivatives products will be developed by SEBI in the Commodity Derivatives Market”. Introduction of new commodity derivatives products has been a subject of deliberation as it is considered t...

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SEBI specifies 7 New Disclosures by Credit Rating Agencies (CRAs)

SEBI/ HO/ MIRSD/ DOS3/ CIR/ P/ 2019/ 70 - (13/06/2019) - I. Computation of Cumulative Default Rates (CDR) A. With a view to aligning the methodology of calculation of default rates with that followed globally and in partial modification of SEBI Circular CIR/MIRSD/CRA/6/2010 dated May 3, 2010, the default rates shall be computed in the following manner:...

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Recent Posts in "SEBI"

Handling of Clients’ Securities by Trading Members/Clearing Members

Circular No. CIR/HO/MIRSD/DOP/CIR/P/2019/75 (20/06/2019)

stock broker shall segregate securities or moneys of the client or clients or shall not use the securities or moneys of a client or clients for self or for any other client....

Read More

Credit of Penalty for short-collection/non-collection of Margins on Commodity Derivatives Segments to Core SGF

Circular No. SEBI/HO/CDMRD/DRMP/CIR/P/2019/73 (20/06/2019)

Securities and Exchange Board of India CIRCULAR SEBI/HO/CDMRD/DRMP/CIR/P/2019/73 June 20, 2019 To, The Managing Directors / Chief Executive Officers, All Recognised Stock Exchanges and Clearing Corporations having Commodity Derivatives Segment IPF Trusts of Recognised Stock Exchanges Sir / Madam, Sub: Credit of Penalty for short-collectio...

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SEBI: Factors to assure confidentiality in a settlement application

Circular No. SEBI/HO/EFD2/CSD/CIR/P/2019/0000000072 (18/06/2019)

A person who may have committed a violation of securities laws, other than those detailed in Tables VII to IX of Schedule II of the SEBI (Settlement Proceedings) Regulations, 2018, may make full disclosure of such violation and also provide substantial assistance in examination/investigation/inspection/inquiry/audit/any other proceedings ...

Read More

Design of Commodity Indices & Product Design for Futures on Commodity Indices

SEBI/HO/CDMRD/DNPMP/CIR/P/2019/71 (18/06/2019)

In the Union Budget Speech for the year 2016-17, the Hon’ble Finance Minister had announced that “new derivatives products will be developed by SEBI in the Commodity Derivatives Market”. Introduction of new commodity derivatives products has been a subject of deliberation as it is considered to be conducive for the overall developme...

Read More

Action to be taken for non-compliances in case of Listed Companies

ACTION TO BE TAKEN IN CASE OF NON-COMPLIANCES BY LISTED COMPANIES Regulation : Fine payable and/or other action to be taken for non-compliance in respect of listed entity Regulation 6(1): Rs. 1,000 per day for non-compliance with requirement to appoint a qualified company secretary as the compliance officer Regulation 7(1): Rs. 1,000 per ...

Read More
Posted Under: SEBI |

SEBI specifies 7 New Disclosures by Credit Rating Agencies (CRAs)

SEBI/ HO/ MIRSD/ DOS3/ CIR/ P/ 2019/ 70 (13/06/2019)

I. Computation of Cumulative Default Rates (CDR) A. With a view to aligning the methodology of calculation of default rates with that followed globally and in partial modification of SEBI Circular CIR/MIRSD/CRA/6/2010 dated May 3, 2010, the default rates shall be computed in the following manner:...

Read More

Paper on amendment to SEBI (Prohibition of Insider Trading) Regulations, 2015

Securities and Exchange Board of India Discussion Paper on amendment to the SEBI (Prohibition of Insider Trading) Regulations, 2015 to provision for an informant mechanism INTRODUCTION: 1. Insider trading is defined in the SEBI (Prohibition of Insider Trading) Regulations, 2015 (‘PIT Regulations’) to mean trading of securities while ...

Read More
Posted Under: SEBI |

Amendments to the SEBI LODR

Based on the report of the Committee on Corporate Governance under the Chairmanship of Mr. Uday Kotak, SEBI notified the amendments to the SEBI LODR Regulations. These amendments are expected to improve the governance standards in large listed companies. The listed companies are expected to be in compliance with the requirements of the re...

Read More
Posted Under: SEBI |

SEBI signs MoU with MCA to facilitate sharing of data & information

Press Release No.: 15/2019 (07/06/2019)

The MoU comes into force from the date it was signed and is an ongoing initiative of MCA and SEBI, who are already collaborating through various existing mechanisms. A Data Exchange Steering Group also has been constituted for the initiative, which will meet periodically to review the data exchange status and take steps to further improve...

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ICDR 2018 also applies to Companies listed on a stock exchange not having nationwide trading terminals 

Companies which are exclusively listed on a Recognized Regional Stock Exchange such as the Calcutta Stock Exchange Limited not having nationwide trading terminals, and are willing to issue further shares through Preferential Issue/Bonus Issue, etc. Whether such companies are to be treated as listed issuer as per ICDR, 2018?....

Read More
Posted Under: SEBI |

Latest SEBI News

Get the Latest News on SEBI from Taxguru. Read all the relevant SEBI circulars, updates to SEBI Act and SEBI Regulations exclusively at Taxguru. SEBI (Securities and Exchange Board of India) was established in 1988 as a non-statutory body to regulate the Indian securities market. On April 12th, 1992, the Government of India made SEBI an autonomous body and offered statutory powers by passing the SEBI Act 1992 in the Parliament. SEBI is the regulator for the Indian securities market and has three major functions:  quasi-judicial, quasi-legislative and quasi-executive. With the increase in the number of dealings in the Indian stock markets, a lot of malpractices was seen like price rigging, the unofficial premium on a new issue, delay in shares delivery, violations with respect to rules and regulations of the stock exchange and the listing requirements. With all such malpractices in place, the customers were losing their faith and confidence in the Indian stock exchange. Hence, the Indian government decided to set up a regulatory body or an agency known as SEBI (Securities Exchange Board of India). SEBI drafts the regulations in the legislative capacity, it conducts investigations and enforces actions as per its executive function and it also passes orders and rulings as per its judicial capacity.The Indian Government has been vested SEBI with the following powers:
  • for approving the by−laws of stock exchanges.
  • requiring the stock exchange for amending their by−laws.
  • inspecting the books of accounts and calling for periodical returns from the recognized stock exchanges.
  • inspecting the books of accounts of the financial intermediaries.
  • compelling companies for list their shares on stock exchanges.
  • registration brokers.
At Taxguru, we bring you all the recent and the latest news on SEBI and SEBI regulations. Our panel of experts publishes SEBI circulars as and when there are any developments. Find out all the trending and latest SEBI news here at Taxguru. Get to know more about SEBI Act and SEBI regulations with blogs and articles published by our experts.