SEBI - Page 302

SEBI : Appointment of Compliance officer

SMD/SED/CIR/95/005 (01/03/1995)

SEBI is examining the question of appointing a Compliance Officer for each stock exchange whose function would be to ensure that violations of stock exchange rules and regulations do not remain undetected or unreported. ...

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SEBI : Turnover to reported single side

SMD (N)/JJ/8890/95 (23/01/1995)

This has reference to our letter no. SMD (N)/JJ/4311/94 dated July 20, 1994 regarding submission of report of turnover and delivery figures of your stock exchange....

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SEBI : Disclosure of PAN/GIR No. in Application Forms.

Circular No. 4 (94-95) (19/01/1995)

One of the prevalent instructions relating to application for investment in securities is to quote the PAN or GIR number in respect of applications for value of Rs20,000 or more....

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SEBI : Monitor and track net sales position

SMD(N)/CIR/8371/95 (12/01/1995)

The prices on the stock exchanges in the country have been going down for sometime now and there has been a drop in the various indices. In these circumstances, the stock exchanges should....

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SEBI : Fees for Reinstatement of listing

SMD(N)/JJ/7780/94 (19/12/1994)

The Stock Exchange, Bombay is of the opinion that to begin with, reinstatement fee may be charged @ 0.001% of the paid up equity capital of the company for each day of suspension....

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SEBI : Forfeiture of 1% Listing Deposit

SMD/SED/CIR/94/6669 (31/10/1994)

This has reference to SEBI's letter No.SMD/SED/94/2114 dated April 12, 1994. SEBI has been receiving complaints that issues are listed on stock exchanges and trading is allowed before a company has completed despatch of all share certificates....

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SEBI : Extension for submission of audit report by November 15

SMD(N)/JJ/5907/94 (19/10/1994)

All exchanges are supposed to take stringent action to ensure that the reports for the year 1993-94 are received in time. Please note that deterrent action is to be taken against the members who do not follow the deadline....

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Emblem of SE not necessary on the TD

Ref. SMD/6059 (17/10/1994)

In this connection, we enclose a copy of the clarification issued by the Registrar of Companies, Gujarat, Ahmedabad on the subject vide his letter No. ROC/GUJ/94-95 dated September 22, 1994, the contents of which are self-explanatory....

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SEBI : Submission of B/S & details of utilisation of funds, etc.

SMD/SED/N/JJ/5078/94 (27/09/1994)

Agreement, Forms and the Distribution Schedules, duly completed. We also forward the documents (or drafts thereof) as per list attached and undertake to furnish such additional information and documents as may be required....

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SEBI : Submission of B/S & details of utilisation of funds, etc.

SMD/SED/N/JJ/4984/94 (23/09/1994)

We understand that in the event of our failure to submit the above documents or withdrawal of Acknowledgement Card by SEBI, we shall forfeit the right of listing of the securities and shall be liable to refund the subscription money to the investors immediately....

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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.