SEBI

Streamlining the Process of Right Issue SEBI Circular 22.01.2020

Amendments in the Process of Right Issue in case of Listed Companies SEBI Circular: Dated 22.01.2020 Purpose: To Streamlining the process of Right Issue Amendments in Following Regulations: – (a) SEBI (ICDR) Regulations, 2018 & (b) SEBI (LODR) Regulations 2015 Followings changes are made in the Right Issue Process in case of Lis...

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New Exit Norms for statutory auditors from listed entities and their material subsidiaries

The Securities and Exchange Board of India (SEBI) on October 18, 2019 proposed to tighten disclosure norms with respect to resignation of statutory auditors in listed companies. SEBI has tightened its norms with respect to resignation of Auditors from listed companies and their material subsidiaries mainly due to:- ⇒ Resignation of Audi...

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SEBI: Procedure to Register as Registrar & Share Transfer Agent

Registration as Registrar to an Issue and Share transfer Agent 1. Application to be made in Form A 2. Application to be accompanies by Non refundable Fee of Rs. 20,000/- . – Refer Note Number 1 3. Types of Application: a) Category I: to carry on the activities as a registrar to an issue and […]...

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Taxation of Real Estate Investment Trusts (REITs)

Article explains What is a Real Estate Investment Trust (REIT), Criteria which REITs need to adhere for their qualification as per SEBI guidelines 2019, Taxability of REITs under the Act, Taxability of REIT in the hands of Unit Holders and Future of REITs in India. What is a Real Estate Investment Trust (REIT) -REIT is […]...

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Recent amendment on Business Responsibility Reporting (BRR)

SEBI expands the ambit of Business Responsibility Reporting (BRR) by notification No. SEBI/LAD-NRO/GN/2019/45 dated 26.12.2019 (Securities and Exchange Board of India – Listing Obligations and Disclosure Requirements) (Fifth Amendment) Regulations, 2019. Before discussing the amendments, first we understand the concept and relevant ...

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Discussion Paper on ‘Usage of pool accounts in Mutual Fund Transactions’

i. Pooling of funds/units by Stock Brokers, MFDs, IAs and other platforms may be discontinued for Mutual Fund Transactions. For implementation of the same, following may be ensured:...

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ICAI Advisory on Procedure & formats for limited review / audit report

Advisory on Exhibit B3 of SEBI’s Circular dated 29th March 2019 regarding Procedure and formats for limited review / audit report of the listed entity and those entities whose accounts are to be consolidated with the listed entity...

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Thoughts and perspectives on Mutual Fund industry of SEBI Chairman

As a capital market regulator, one of our objectives is to promote the growth of the securities market through greater investor participation. Mutual Funds are one of the most important institutions through which money collected from various investors, especially retail investors are channelized into the capital market....

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GIFT IFSC- Onshoring the Offshore

Globally, the concept of an International Finance Centre or an IFC has been prevalent for quite some time and the experience in various jurisdictions has been quite encouraging. Various IFCs have been set up worldwide, amongst which the centres located in London, New York, Singapore and Dubai are among the prominent ones. These centres ha...

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Consultation Paper on SEBI (Portfolio Managers) Regulations, 1993

The objective of the consultation paper is to seek comments / views from the public on the proposal to amend the SEBI (Portfolio Managers) Regulations, 1993 (PMS Regulations)....

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SAT imposes Penalty for Non-Appointment of CS & Independent Directors

Advance Lifestyles Ltd. Vs BSE Ltd. (Securities Appellate Tribunal) - Advance Lifestyles Ltd. Vs BSE Ltd. (Securities Appellate Tribunal) Appellant made a representation to the authorities requesting for waiver / reduction of the penalty contending that for not appointing the Company Secretary and two independent directors on the Board / audit committee, the penalty m...

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SAT quashes SEBI’s ban on an international professional services firm

Price Waterhouse & Co. Bangalore LLP & Ors. Vs SEBI (SAT Mumbai) - Price Waterhouse & Co. Bangalore LLP & Ors. Vs SEBI (SAT Mumbai) SAT Held that Order of Whole Time Member (WTM) of SEBI debarring the PW firms to audit listed company on the ground of PW network or projecting it as a PW brand cannot be sustained. There is no doubt that there has been [&helli...

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SAT reduces fine for unintentional failure to include Audit Report in XBRL

SPL Industries Ltd. Vs BSE Limited (SAT Mumbai) - SPL Industries Ltd. Vs BSE Limited (SAT Mumbai) Unintentional Failure on part of the Company to include the Audit Report in the Financial Results in XBRL uploaded on BSE website, for which BSE imposed fine of Rs. 5,54,600. However SAT reduced the penalty to Rs. 2,50,000 on the grounds that there was...

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Companies should disclose material events promptly & ensure that they are available in public domain: SAT

M/s New Delhi Television Limited Vs SEBI (SAT Mumbai) - M/s New Delhi Television Limited Vs SEBI (SAT Mumbai) SAT upheld the order of SEBI penalising the Company and its Directors for non- disclosure of tax demand on the grounds that any information which have effect on the operations of the Company is price sensitive and must be disclosed immediately to...

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Mere upload of order on SEBI website not amounts to service of order: SAT

Dr. Prannoy Roy & Ors. Vs SEBI (SAT, Mumbai) - Dr. Prannoy Roy & Ors. Vs SEBI (SAT) it is essential for SEBI to supply a copy of the impugned order to the aggrieved party, namely, the appellants. An adjudication proceeding had been initiated by SEBI by issuance of the show cause notice. The appellants thus have the first right to be supplied...

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SEBI SOP for suspension & revocation of trading of specified securities

SEBI/HO/CFD/CMD/CIR/P/2020/12 - (22/01/2020) - The recognized stock exchanges shall disclose on their website the action(s) taken against the listed entities for non-compliance(s); including the details of the respective requirement, amount of fine levied, details regarding the freezing of shares of promoters, the period of suspension etc....

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SEBI Streamlines Procedures on the Rights Issue process

Circulars No. SEBI/HO/CFD/DIL2/CIR/P/2020/13 - (22/01/2020) - a. The issuer shall dispatch a common application form to its shareholders as on the record date. Along with application form, the issuer shall also send the details of the rights entitlements of the shareholder separately....

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Certain provisions of penalty under SEBI Act w.e.f. 20th Jan 2020

Notification No. S.O. 275(E) - (20/01/2020) - Central Government hereby appoints the 20th day of January, 2020, as the date on which the provisions of Part III and sections 183, 184 and 185 of Part IX of Chapter VI of Finance (No. 2) Act, 2019 shall come into force...

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Guidelines for rights issue of units by a listed InvIT

Circular No. SEBI/HO/DDHS/DDHS/CIR/P/2020/10 - (17/01/2020) - Regulation 2(1)(zw) of Securities and Exchange Board of India (Infrastructure Investment Trusts) Regulations, 2014 (InvIT Regulations), defines a rights issue as an offer of units by a listed InvIT to the unitholders of the InvIT as on the record date fixed for the said purpose. This circular detail...

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Guidelines for rights issue of units by a listed REIT

SEBI/HO/DDHS/DDHS/CIR/P/2020/09 - (17/01/2020) - Regulation 2(1)(zq) of Securities and Exchange Board of India (Real Estate Investment Trusts) Regulations, 2014 (REIT Regulations), defines a rights issue as an offer of units by a listed REIT to the unitholders of the REIT as on the record date fixed for the said purpose. This circular details the ...

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Recent Posts in "SEBI"

Streamlining the Process of Right Issue SEBI Circular 22.01.2020

Amendments in the Process of Right Issue in case of Listed Companies SEBI Circular: Dated 22.01.2020 Purpose: To Streamlining the process of Right Issue Amendments in Following Regulations: – (a) SEBI (ICDR) Regulations, 2018 & (b) SEBI (LODR) Regulations 2015 Followings changes are made in the Right Issue Process in case of Lis...

Read More
Posted Under: SEBI |

SEBI SOP for suspension & revocation of trading of specified securities

SEBI/HO/CFD/CMD/CIR/P/2020/12 (22/01/2020)

The recognized stock exchanges shall disclose on their website the action(s) taken against the listed entities for non-compliance(s); including the details of the respective requirement, amount of fine levied, details regarding the freezing of shares of promoters, the period of suspension etc....

Read More

SEBI Streamlines Procedures on the Rights Issue process

Circulars No. SEBI/HO/CFD/DIL2/CIR/P/2020/13 (22/01/2020)

a. The issuer shall dispatch a common application form to its shareholders as on the record date. Along with application form, the issuer shall also send the details of the rights entitlements of the shareholder separately....

Read More

Certain provisions of penalty under SEBI Act w.e.f. 20th Jan 2020

Notification No. S.O. 275(E) (20/01/2020)

Central Government hereby appoints the 20th day of January, 2020, as the date on which the provisions of Part III and sections 183, 184 and 185 of Part IX of Chapter VI of Finance (No. 2) Act, 2019 shall come into force...

Read More

New Exit Norms for statutory auditors from listed entities and their material subsidiaries

The Securities and Exchange Board of India (SEBI) on October 18, 2019 proposed to tighten disclosure norms with respect to resignation of statutory auditors in listed companies. SEBI has tightened its norms with respect to resignation of Auditors from listed companies and their material subsidiaries mainly due to:- ⇒ Resignation of Audi...

Read More
Posted Under: SEBI |

Guidelines for rights issue of units by a listed InvIT

Circular No. SEBI/HO/DDHS/DDHS/CIR/P/2020/10 (17/01/2020)

Regulation 2(1)(zw) of Securities and Exchange Board of India (Infrastructure Investment Trusts) Regulations, 2014 (InvIT Regulations), defines a rights issue as an offer of units by a listed InvIT to the unitholders of the InvIT as on the record date fixed for the said purpose. This circular details the guidelines in respect of a rights ...

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Guidelines for rights issue of units by a listed REIT

SEBI/HO/DDHS/DDHS/CIR/P/2020/09 (17/01/2020)

Regulation 2(1)(zq) of Securities and Exchange Board of India (Real Estate Investment Trusts) Regulations, 2014 (REIT Regulations), defines a rights issue as an offer of units by a listed REIT to the unitholders of the REIT as on the record date fixed for the said purpose. This circular details the guidelines in respect of a […]...

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Statement of Deviation in use of proceeds of issue of listed NCDs or NCRPs

Circulars No. SEBI/HO/DDHS/08/2020 (17/01/2020)

SEBI notifies Format for Statement indicating Deviation or Variation in the use of proceeds of issue of listed non-convertible debt securities (NCDs) or listed non-convertible redeemable preference shares (NCRPs) alongwith its salient features. Securities and Exchange Board of India Circular No. SEBI/HO/DDHS/08/2020 Dated: January 17, 202...

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SEBI amends Operational guidelines for FPIs & DDPs and EFIs

IMD/FPI&C/CIR/P/2020/07 (16/01/2020)

In line with rule 1(a)(iv) of Schedule II of Foreign Exchange Management (Non-debt Instruments) Rules, 2019 regarding Investments by Foreign Portfolio Investors, certain foreign Government agencies and its related entities are exempt from clubbing of investment limit requirements and other investment conditions either by way of an agreeme...

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Exchanges can launch ‘Option in Goods’ in commodity derivatives segment

Notification No. SEBI/HO/CDMRD/DMP/CIR/P/2020/05 (16/01/2020)

Stock Exchanges are now permitted to launch ‘Option in Goods’ in their commodity derivatives segment. This is in addition to ‘Options on commodity futures’, guidelines which were issued vide SEBI circular SEBI/HO/CDMRD/DMP/CIR/P/2017/55 dated June 13, 2017....

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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.

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