SEBI

SEBI Nomination Scheme details for Mutual Fund

In order to bring uniformity in practices across all constituents in securities market, protect the interests of investors in securities and to promote the development of, and to regulate the securities market Securities and Exchange Board of India (SEBI) vide Circular No. SEBI/HO/IMD/IMD-II DOF3/P/CIR/2022/82 dated 15th June, 2022 has issued notification related to Nomination for …

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Mutual Fund Companies To Disclose Risk On Investment in Commodities, SEBI Ordered

Markets regulator SEBI has now ordered mutual fund companies investing in commodities to disclose the risk. This risk o meter will be implemented immediately. A guideline has been issued for this. According to SEBI, just as risk is disclosed on investment in shares, in the same way, risk in commodities will also have to be …

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Setback: Ban On Launch Of New Fund Schemes Till July, Know What is The Whole Matter

Setback: Ban On Launch Of New Fund Schemes Till July, Know What is The Whole Matter

SEBI has banned the launch of new schemes till July 1, giving a setback to mutual fund houses. The reason for this is that if investors invest through any third party i.e. distributors, online platforms or stock brokers, then this money should go directly into the account of fund houses and not in the accounts of …

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Twist in The Story: Sahara Targets On SEBI in Patna High Court

Twist in The Story: Sahara Targets On SEBI in Patna High Court

Sahara India gave its reply in the Patna High Court in the issue of repayment of investors. Taking a dig at the capital markets regulator, Sahara said that the amount of Rs 24 thousand crore deposited with SEBI is for repayment of investors. But SEBI has not paid the investors in the companies of the …

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Madhabi Puri Buch Appointed As SEBI Chairman. First Woman To Become SEBI Chairman

Madhabi Puri Buch Appointed As SEBI Chairman. First Woman To Become SEBI Chairman

Financial Market Division of Ministry of Finance has issued Notification on 28th February 2022 which reads as under: In exercise of the powers conferred by sub section (1)(a) and sub-section (4) of section 4 of the Securities and Exchange Board of India Act, 1992 (15 of 1992), read with rule 3 of the Securities and …

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Bikaji is Coming With IPO Of Rs 1000 Crore

Bikaji is Coming With IPO Of Rs 1000 Crore

Bikaji Foods International, a Rajasthan-based namkeen and sweets maker, is about to come out with its IPO. This IPO of Bikaji Foods is going to be worth 1000 crores. Bikaji has submitted draft papers for this with the market regulator SEBI. Bikaji Foods, the market leader in the family pack segment, manufactures over 250 products. …

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LIC IPO: Policyholders To Fulfill These Conditions To Participate in IPO

LIC IPO: Policyholders To Fulfill These Conditions To Participate in IPO

Most of the investors of the country investing money in the market are eagerly waiting for LIC’s IPO. Especially for such investors who have an insurance policy in LIC. There is a big reason behind this. The government has announced that when LIC IPO opens, shares will be kept in reserve for policyholders. LIC has also issued an advertisement …

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SEBI Gives Big Relief To Listed Companies

SEBI Gives Big Relief To Listed Companies

It is voluntary to separate the posts of Chairman and Managing Director (MD) in listed companies, that’s not necessary. Market regulator SEBI made this clear on Tuesday. Let us tell you, the rule of separation of the post of chairman and MD was to be implemented from April 1, 2022. Till now only 54% of …

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SEBI launches ‘Saa₹thi’ – SEBI’s Mobile App on Investor Education

Securities and Exchange Board of India  Press Release No. 03/2022 SEBI Chairman launches “Saa₹thi” – SEBI’s Mobile App on Investor Education Shri Ajay Tyagi, Chairman, SEBI launched ‘Saa₹thi’ – SEBI’s Mobile App on Investor Education at a function held in Mumbai today. Launching the SEBI App, Shri Tyagi said, “This Mobile App is yet another …

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Practising Company Secretary Now Required To Provide Certificate Regarding Compliance Of ICDR Regulations For Preferential Issue

Practising Company Secretary Now Required To Provide Certificate Regarding Compliance Of ICDR Regulations For Preferential Issue

Vide notification dated 14th January 2022, the Securities and Exchange Board of India has notified Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) (Amendment) Regulations, 2022.   Earlier, the issuer was required to place a copy of certificate issued by statutory auditor before the general meeting of shareholders with respect to …

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Schemes of Arrangement by Listed Entities - Clarification w.r.t. timing of submission of NOC from the lending scheduled commercial banks/ financial institutions/ debenture trustee

SEBI Revision to Operational Circular for issue and listing of Commercial Paper

Revision to Operational Circular for issue and listing of Non-convertible Securities, Securitised Debt Instruments, Security Receipts, Municipal Debt Securities and Commercial Paper Securities and Exchange Board of India SEBI/HO/DDHS/P/CIR/2021 /0692 | Dated: December 17, 2021 To Issuers who have listed and/ or propose to list Commercial Paper;Recognised Stock Exchanges;Registered Depositories;Registered Credit Rating Agencies, Debenture Trustees, Depository …

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SEBI Warns Billionaire Anil Agarwal’s Vedanta Over Rs 1407 Crore Related-Party Transactions

SEBI Warns Billionaire Anil Agarwal’s Vedanta Over Rs 1,407 Crore Related-Party Transactions

Capital market regulator SEBI has warned billionaire Anil Agarwal’s Vedanta Ltd for executing Rs 1,407 crore of related-party transactions without prior approval of the audit committee. In a warning letter, which Vedanta as per SEBI directions disclosed to stock exchanges, the regulator said it will take action if such actions were repeated in future. The mining conglomerate’s …

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SEBI Updates : – Introduction of T+1 rolling settlement on an optional basis by SEBI

Highlights of SEBI Circular – (SEBI Circular No. SEBI/HO/MRD2/DCAP/P/CIR/2021/628Dtd. 07 th September, 2021) 1) Applicability: The provisions of this circular shall come into force w.e.f. 1 st January, 2022. 2)T+1 settlement cycle :- A Stock Exchange may choose to offer T+1 settlement cycle on any of the scrips, after giving an advance notice of at …

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Today 10th August IPO open -Chemplast Sanmar Ltd – To more about Price band ,Financial performance and Issue detail

About Company :- Incorporated in 1985, Chemplast Sanmar Ltd is a leading specialty chemical manufacturer in India. The company is engaged in the manufacturingof specialty paste PVC resin, starting materials, and intermediates for agro-chemical, pharmaceuticals, agro-chemical, and fine chemical sectors. It also produces other types of chemicals such as CausticSoda, Chlorochemicals, Hydrogen Peroxide, Refrigerant gas, …

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Recognition to Secretarial Auditor under the Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021

38th Weekly Corporate Affairs Newsletter

We thought it would help to give you a sense of what’s available to you by subscribing to this 38th  WEEKLY CORPORATE AFFAIRS Newsletter- ·  SEBI Updates ·  MCA Updates ·  RBI Updates ·  IBC Law Updates ·  Labour Law Updates ·  PRESS Information ·  IPO & Investment Section ·  IRDAI (Insurance Sector) Updates ·  Department of Telecommunication  ·  MSME Updates ·  Competition Commission of India ·  Cabinet Decisions / New Laws …

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SEBI

SEBI Tightens Rules for Independent Directors

The Securities and Exchange Board of India (Sebi) on Tuesday tightened the rules regarding independent directors to improve corporate governance and check the influence of promoters in listed companies. At its board meeting, the market regulator also took a slew of other crucial decisions to reduce the subscription size in REITs and InvITs apart from …

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Important amendment made by SEBI

Important changes by SEBI Securities and Exchange Board of India PR No.22/2021 SEBI Board Meeting The SEBI Board met in Mumbai. The Part-Time Members joined the meeting through video conferencing. The Board, inter-alia, took the following decisions: I. Review and Merger of SEBI (Issue and Listing of Debt Securities) Regulations, 2008 and SEBI (Non-Convertible Redeemable …

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SEBI BOARD MEETING

SEBI relaxes requirement of minimum vesting period in case of death of employee(s) under SEBI (Share Based Employee Benefit) Regulations, 2014

Presently, regulation 18(1) and 24(1) of the SEBI (Share Based Employee Benefit) Regulations,  2014  (“SBEB  Regulations”)  provides  that  there  shall  be  a  minimum vesting period of one year in case of employee stock options (“options”) and stock appreciation rights (“SAR”). Further, regulation 9(4) of the SBEB Regulations states that in the event of death of  …

SEBI relaxes requirement of minimum vesting period in case of death of employee(s) under SEBI (Share Based Employee Benefit) Regulations, 2014 Read More »

SEBI

SEBI Invites Public Comments on Proposed Regulatory Framework for Gold Exchange in India

P p style=”text-align: left”>This will pave way for electronic trading of gold on stock exchange platform as a security just like equity shares. The physical gold will be deposited with an agency called vault manager (sebi regulated entity) who will in turn issue electronic gold receipt (EGR) in demat form with ISIN which will be …

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SEBI on Streamlining of issuance of SCORES Authentication

Sebi to auction property of PVP Global Ventures on May 12

Markets regulator Sebi will auction a property of PVP Global Ventures at a reserve price of Rs 22.55 crore on May 12, to recover dues. The property to be put on sale is a vacant land situated in Telangana, the Securities and Exchange Board of India (Sebi) said in a notice. The regulator has engaged …

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Fortis Healthcare subsidiary for moving funds

SEBI notice to Fortis Healthcare subsidiary for moving funds

Fortis Healthcare gave this information in a notice sent to the stock markets on Friday. The company said, “The regulator has issued this notice under Rule 4 of SEBI (Procedure for Investigation and Penalty) Rules-1995.” read more at : Due dates for filing of Form GSTR-3B from the Tax Period of January, 2021 : Team …

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Framework for reclassification of promoter/ promoter group entities approved by SEBI

As per press release by SEBI, Board approved the proposal to rationalize the existing framework pertaining to reclassification of promoter/ promoter group entities. The proposal includes exemption from existing requirements, in cases of reclassification pursuant to an order of the regulator under any law in line with existing exemption already available to cases of resolution …

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Schemes of Arrangement by Listed Entities - Clarification w.r.t. timing of submission of NOC from the lending scheduled commercial banks/ financial institutions/ debenture trustee

SEBI extends legal entities KYC data onto CKYCR

Markets regulator Sebi  asked regulated entities to upload ‘Know Your Customer’ data pertaining to accounts of legal entities (LEs) opened on or after April 1, onto the Central KYC Registry (CKYCR). Regulated entities (REs) have already been uploading the KYC data pertaining to all individual accounts opened on or after August 1, 2016, onto CKYCR.  …

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SEBI asks NSE to carry out root cause analysis of ‘trading halt’

Market regulator, SEBI has advised National Stock Exchange to carry out a detailed root cause analysis of the trading halt witnessed at NSE on Wednesday and also to explain the reasons for trading not migrating to the disaster recovery site. SEBI has asked NSE to submit its report at the earliest. It was informed by …

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UPI mechanism to Streamline the process SEBI NEWS

Introduction of UPI mechanism to Streamline the process of Public issues of Securities under SEBI Regulations

Overview Securities and Exchange Board of India (SEBI) vide notification / Circular No. SEBI/HO/DDHS/CIR/P/2020/233 issued and publishes dated 23rd November, 2020, has published a circular related to Introduction of Unified Payments Interface (UPI) mechanism and Application through Online interface and Streamlining the process of Public issues of securities under – SEBI (Issue and Listing of …

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SEBI - Non-compliance provisions & Penalty Chart related to continuous disclosures

SEBI – Non-compliance provisions & Penalty Chart related to continuous disclosures

Securities and Exchange Board of India (SEBI) vide notification / Circular No. SEBI/HO/DDHS/DDHS/CIR/P/2020/231 issued and publishes dated 13th November, 2020, has published Non-compliance with provisions related to continuous disclosures” in exercise of the powers conferred under sections 11(1) and 11A(2) of the SEBI Act, 1992 read with Section 9 and 21 of Securities Contracts (Regulation) Act, 1956.
 The Circular is issued to :
 All Recognized Stock Exchanges
 All Depositories
 All issuers of listed Non-Convertible Debt Securities and/or Non-Convertible
 Redeemable Preference Shares
 All Issuers of listed Commercial Papers

 Applicability of the Provisions mentioned in this Circular:
shall come into force for compliance period ending on or after December 31, 2020

 Provisions of this Circular

Continuous disclosure norms as prescribed by SEBI for issuers of listed Non-Convertible Debt Securities, Non-Convertible Redeemable Preference Shares (NCRPS) and Commercial Papers:

Current and Corporate Affairs as on 23 October 2020

Current and Corporate Affairs as on 23 October 2020

Current and Corporate Affairs as on 23 October 2020 COVID-19 NEWS Brazil’s President Bolsonaro rejects purchase of coronavirus vaccine from China: Brazil’s President Jair Bolsonaro has decided on Wednesday to cancel the purchase of Coronavac, a COVID-19 vaccine in phase-3 clinical trials by Chinese firm Sinovac. A day before, on Tuesday, Health Minister Eduardo Pazuello …

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Schemes of Arrangement by Listed Entities - Clarification w.r.t. timing of submission of NOC from the lending scheduled commercial banks/ financial institutions/ debenture trustee

SYSTEM DRIVEN DISCLOSURES UNDER REG. 7(2) OF SEBI (PIT) REGULATIONS, 2015

System driven disclosures under Reg. 7(2) of SEBI (PIT) Regulations, 2015 Overview Securities and Exchange Board of India (SEBI) vide notification / Circular No. SEBI/HO/ISD/ISD/CIR/P/2020/168 issued and publish dated 09th September, 2020, has published – Automation of Continual Disclosures under Regulation 7(2) of SEBI (Prohibition of Insider Trading) Regulations, 2015 – System driven disclosures.” in …

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