SEBI clarifies its stance on whether a merchant banker can trade in a company’s shares after managing its public issue, outlining the rules and restrictions.
SEBI clarifies rules on ‘material pecuniary relationship’ for independent directors consulting subsidiaries, referencing LODR and Companies Act compliance.
SEBI provides informal guidance to CHL Ltd on its proposed preferential issue. Concludes no open offer needed under Takeover Code Regs 3 or 4 based on provided facts.
SEBI clarifies that compliance officers in listed firms must be placed one level below MD or Whole-time Directors, per LODR Regulation 6(1) amendment.
SEBI issues guidance on Compliance Officer position under LODR Regulations, clarifying hierarchical level requirements for listed entities.
SEBI provides interpretive guidance on Takeover Regulations, exempting share acquisition via amalgamation from open offer obligations.
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 responds to NOCIL Limited’s request for guidance on amended PIT Regulations, addressing compliance obligations for designated persons and their relatives.
SEBI responds to Empire Industries’ request on share transfer via gift among promoters under SAST and PIT Regulations; outlines exemptions and compliance steps.
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.
