SEBI - Page 304

SEBI : EDs/M.Ds. of all Stock Exchanges

SMD/POLICY/CIR-32/97 (03/12/1997)

The Center will provide for dummy terminals to display the prices of the scrips listed on the Exchange on realtime basis, to enable investors watch the price movements of the stocks....

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SEBI : Statement from brokers regarding forged/fake/stolen shares

SMD/Policy/Cir-31/97 (27/11/1997)

t has been observed recently that cases of forged/fake/stolen shares which are introduced in the market are on the increase and most of them might have been introduced through the sub-brokers. You are therefore, advised, that while forwarding applications for registration of sub-brokers...

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SEBI : Registration of Brokers

SMD/Policy/Circular/30/97 (25/11/1997)

However, it has been observed that in some cases, persons with a past police record who were admitted as a member of the stock exchange had subsequently indulged in fraud and cheating the public...

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SEBI : EDs/M.Ds. of all Stock Exchanges

SMD/POLICY/CIR- /97 (11/11/1997)

SHCIL has also offered custodial services to all Stock Exchanges for safe-keeping of the securities at a minimum cost. The Stock Exchanges desirous of taking services of SHCIL may have direct negotiations....

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SEBI : Amendments to the Uniform Norms for Good/Bad Deliveries

SMD/POLICY/GBDN/CIR-25/97 (09/10/1997)

In cases where duplicate shares have been issued to a third party under the provisions of section 108 (1)A of the Companies Act, the company should also provide the name and address of the third party to whom the duplicate shares have been issued along with the date of request for duplicate shares by the third party....

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SEBI : SMD/Policy/ Cir-24 / 97

SMD/Policy/ Cir-24 / 97 (26/09/1997)

SEBI has received queries from Stock Exchanges regarding course of action to be taken against the stock-brokers, who are having multiple memberships, and have been declared defaulter at one of the Stock Exchanges. It has also been brought to our notice that if a stock broker is declared defaulter by a stock exchange, the information with ...

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SEBI : Listing of debt instruments without listing of equity.

SMD/POLICY/CIR-/97 (26/09/1997)

Clarifications have been sought on the scope of the SEBI directions issued on December 23, 1996 as to whether it would cover corporates or only infrastructure companies and municipal corporations, and further whether the directions also cover debt instruments convertible into equity....

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SEBI : Amendment of Clauses 40A and B of Listing Agreement of stock exchanges.

SMD/POLICY/CIR-22/97 (22/09/1997)

When any person acquires or agrees to acquire any securities beyond 5% of the voting capital, the acquirer and the company shall comply with the relevant provisions of the SEBI (Substantial Acquisition of Shares Takeovers) Regulations, 1997. ...

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SEBI : Warehousing of Trades by Institutional ClientsPlease refer to SEBI circular no

SMD/POLICY/CIR-29/97 (13/09/1997)

You may bring this to the notice of your members, however, warehousing of transactions may be permitted only after the exchange has modified its trading software to comply with the above conditions. ...

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SEBI : RBTI(G I Series) Circular No. 1 (97-98) September 01, 1997

Circular No. 1(97-98) (01/09/1997)

n exercise of the powers conferred under Section 11 of the SEBI Act, 1992 as also in implementation of the SEBI (Bankers to an Issue) Rules and Regulations, 1994, all bankers to an issue are hereby advised to affix date stamp alongwith a continuous serial number generated by an automatic numbering machine ...

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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.