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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 MoreThe 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 MoreRegistration 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 […]...
Read MoreArticle 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 […]...
Read MoreSEBI 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 ...
Read Morei. 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:...
Read MoreAdvisory 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...
Read MoreAs 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....
Read MoreGlobally, 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...
Read MoreThe 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)....
Read MoreAdvance 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...
Read MorePrice 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...
Read MoreSPL 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...
Read MoreM/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...
Read MoreDr. 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...
Read MoreSEBI/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 MoreCirculars 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 MoreNotification 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 MoreCircular 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...
Read MoreSEBI/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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SEBI/HO/CFD/CMD/CIR/P/2020/12 - (22/01/2020) -
Circulars No. SEBI/HO/CFD/DIL2/CIR/P/2020/13 - (22/01/2020) -
Notification No. S.O. 275(E) - (20/01/2020) -
Circular No. SEBI/HO/DDHS/DDHS/CIR/P/2020/10 - (17/01/2020) -
SEBI/HO/DDHS/DDHS/CIR/P/2020/09 - (17/01/2020) -
Circulars No. SEBI/HO/DDHS/08/2020 - (17/01/2020) -
IMD/FPI&C/CIR/P/2020/07 - (16/01/2020) -
Notification No. SEBI/HO/CDMRD/DMP/CIR/P/2020/05 - (16/01/2020) -
