Since last one year, SEBI has brought in a number of new regulations to improve the health of the broking industry. One of the circulars was issued by SEBI on 20th June 2019, which results into fallout of many broker firms, the bigger one is the Karvy....
Read MoreSEBI Regulations prohibit issuance of shares with superior voting rights by listed companies. The present regulatory regime dealing with issuance of DVR shares include the following: SEBI Listing Regulations, 2015:Reg 41(3) prohibits a listed company from issuance of shares which may confer on any person superior rights as to voting or...
Read MoreWhat is dematerialisation and its benefits: Dematerialization (Commonly known as ‘Demat’) signifies conversion of a share certificate from its present physical form to electronic form for the same number of holding. It offers scope for paperless trading through state-of-the-art technology, whereby share transactions and transf...
Read MoreThe listed entity shall submit a compliance certificate to the exchange, duly signed by both that is by the compliance officer of the listed entity and the authorized representative of the share transfer agent, wherever applicable, within one month of end of each half of the financial year, certifying maintaining physical & electronic tra...
Read MoreLaw being dynamic in nature can never be static. With new amendments, new compliances needs to be ensured. Keeping these in mind the following are the checklist that needs to be abided by the Listed Entities by 1st April 2020. Reg No. Provision Views 17 (1) (A) The Board of directors of the top 1000 […]...
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 MoreSEBI regulates the activities of proxy advisors in India under SEBI (Research Analyst) Regulations, 2014. Under these regulations, such entities are required to register with SEBI and comply with the provisions pertaining to formation of internal policies and procedures, disclosures in the reports, code of conduct, maintaining record of v...
Read MoreThere have been a significant number of instances of abrupt resignation of Statutory Auditors from listed entities in recent times. In most of the cases, the statutory auditors have suddenly resigned without completing their assignments for the year, generally citing ‘pre-occupation’ as the reason for resignation....
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 MorePrice 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...
Read MoreCircular No. SEBI/HO/CDMRD/DRMP/CIR/P/2019/149 - (29/11/2019) - a. For the purpose of determining minimum threshold of margins to be collected by members from their clients, cut off time shall be kept as 5:00 b. Risk Parameter File (RPF) to be generated at cut-off time shall be applied on clients’ EOD portfolio for the purpose of determining minimum threshold ...
Read MoreCircular No. SEBI/HO/IMD/DF3/CIR/P/2019/147 - (29/11/2019) - The following norms are prescribed for Debt ETFs/Index Funds to be adopted by all AMCs: (a) The constituents of the index shall be aggregated at issuer level. (b) The index shall have a minimum of 8 issuers. (c) No single issuer shall have more than 15% weight in the index. (d) The ratin...
Read MoreCircular No. SEBI/HO/MRD2/DCAP/CIR/P/2019/146 - (28/11/2019) - Listed company shall be permitted to issue permissible securities or transfer Permissible Securities of existing holders, for the purpose of issue of DRs, only in Permissible Jurisdictions and said DRs shall be listed on any of the specified International Exchange(s) of the Permissible Jurisdiction....
Read MoreCircular No. SEBI/HO/MRD2/DCAP/CIR/P/2019/145 - (28/11/2019) - SEBI decided to permit the Clearing Corporations to make investments in Overnight Funds; however, the combined investments made by Clearing Corporations in Liquid Funds and Overnight Funds shall not exceed a limit of ten percent of the total investible resources. Further, the investments in Overnigh...
Read MoreSEBI/HO/DDHS/DDHS/CIR/P/2019/142 - (27/11/2019) - Institutional Placement shall mean a preferential issue of units by a listed REIT only to Institutional Investors, as defined under REIT Regulations or circulars issued thereunder....
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Circular No. SEBI/HO/CDMRD/DRMP/CIR/P/2019/149 - (29/11/2019) -
Circular No. SEBI/HO/IMD/DF3/CIR/P/2019/147 - (29/11/2019) -
Circular No. SEBI/HO/MRD2/DCAP/CIR/P/2019/146 - (28/11/2019) -
Circular No. SEBI/HO/MRD2/DCAP/CIR/P/2019/145 - (28/11/2019) -
SEBI/HO/DDHS/DDHS/CIR/P/2019/142 - (27/11/2019) -
Notification No. SEBI/HO/DDHS/DDHS/CI R/P/2019/143 - (27/11/2019) -