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1. Introduction a. Limited Review can be defined as the audit of financial statements on quarterly basis. b. Listed companies are required to conduct limited review through statutory auditors c. Every listed co. under clause 41 of the listing agreement is required to furnish the unaudited quarterly result in the prescribed format to the c...
Read MoreSEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 provides mandates that an acquirer shall make a public announcement of an open offer if he is acquiring shares/voting rights, directly or indirectly, which along with his existing holding, will entitle him to exercise more than 25% of voting rights of the target comp...
Read MoreSEBI has vide notification dated July 29, 2019 notified SEBI (Issue of Capital and Disclosure Requirements) (Third Amendment) Regulations, 2019. The Amendment Regulations deal with issue of shares with differential voting rights....
Read MoreThis article deals with Share Capital certification applicability, its requirement and procedures to be followed while certifying the reconciliation of share capital of both listed as well as listed companies....
Read MoreIn order to promote healthy growth of the securities market in India and to protect common investor in India, the SEBI vide SEBI (Prohibition of Insider Trading) Amendment Regulations, 2018 notified certain amendments to SEBI (Prohibition of Insider Trading) Regulations 2015...
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 MoreSEBI/HO/MRD/DOP1/CIR/P/2019/106 - (10/10/2019) - Listed Company is in compliance with the requirements prescribed under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and any amendments thereof....
Read MoreCircular No. SEBI/HO/IMD/DF2/CIR/P/2019/104 - (01/10/2019) - Mutual fund schemes may invest in unlisted Non-Convertible Debentures (NCDs) not exceeding 10% of the debt portfolio of the scheme subject to the condition that such unlisted NCDs have a simple structure (i.e. with fixed and uniform coupon, fixed maturity period, without any options, fully paid up u...
Read MoreNotification No. SEBI/LAD-NRO/GN/2019/40 - (27/09/2019) - These regulations may be called the Securities and Exchange Board of India (Issue and Listing of Debt Securities by Municipalities) (Amendment) Regulations, 2019....
Read MoreCORRIGENDUM TO NOTIFICATION S.O. NO. 4875 (E) - (27/09/2019) - Corrigendum to Securities and Exchange Board of India (Buy-Back of Securities) (Second Amendment) Regulations, 2019 SECURITIES AND EXCHANGE BOARD OF INDIA CORRIGENDUM Mumbai, the 27th September 2019 CORRIGENDUM TO NOTIFICATION S.O. NO. 4875 (E) DATED SEPTEMBER 19, 2019 No. SEBI/LAD-NRO/GN/2019/39 &#...
Read MoreNotification No. SEBI/LAD-NRO/GN/2019/36 - (23/09/2019) - (1) These regulations may be called the Securities and Exchange Board of India (Foreign Portfolio Investors) Regulations, 2019. (2) They shall come into force on the date of their publication in the Official Gazette....
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SEBI/HO/MRD/DOP1/CIR/P/2019/106 - (10/10/2019) -
Circular No. SEBI/HO/IMD/DF2/CIR/P/2019/104 - (01/10/2019) -
Notification No. SEBI/LAD-NRO/GN/2019/40 - (27/09/2019) -
CORRIGENDUM TO NOTIFICATION S.O. NO. 4875 (E) - (27/09/2019) -
Notification No. SEBI/LAD-NRO/GN/2019/36 - (23/09/2019) -
Circular No. SEBI/HO/MRD/CIR/P/2019/103 - (26/09/2019) -
SEBI/HO/IMD/DF4/CIR/P/2019/102 - (24/09/2019) -
F. No. SEBI/LAD-NRO/GN/2019/37 - (23/09/2019) -
