SEBI responds to NOCIL Limited’s request for guidance on amended PIT Regulations, addressing compliance obligations for designated persons and their relatives.
SEBI clarified that Angel Funds can invest only in startups meeting the Department for Promotion of Industry and Internal Trade (DPIIT) criteria. If a portfolio company loses its startup status, Angel Funds cannot make additional investments, even if pre-emptive rights exist.
SEBI provides interpretive guidance on OneSource’s QIP eligibility under ICDR regulations, addressing the impact of transferor company listing requirements.
SEBI responds to E-Land Apparel’s request for guidance on share issuance under ICDR regulations, addressing compliance with Regulations 163(3), 164, and 165.
Registrar of Companies penalizes Watai Electronics director ₹1,00,000 for violating Section 184(1) of the Companies Act, 2013. Learn about the order details here.
SEBI clarifies that CFSL, as a Debenture Trustee, may explore new business activities like retail loan marketing, with conditions on compliance and conflict of interest.
SEBI denies Glenmark Life Sciences’ request for no-action relief, stating contra trade restrictions apply to its proposed share sale for minimum public shareholding compliance.
SEBI provides informal guidance to CMS Info Systems on promoter disclosures and nominee shareholder roles under LODR and ICDR regulations.
SEBI clarifies Schedule II of Intermediaries Regulations, distinguishing applicability of fit and proper criteria for corporate entities vs. individuals under clause 3(b).
SEBI advises entities to seek approvals only via formal communication and follow the Informal Guidance Scheme for policy clarifications.
