Bar Council proposes to tweak rules again for identification of fake lawyers Bar Council of India (BCI), the topmost statutory body governing education, enrollment, practice and conduct of lawyers across the country, had earlier notified Certificate and Place of Practice (Verification) Rules 2015 (‘Verification Rules’) to provide for identification of fake lawyers. The Verification rules… Read More »
SECONDARY MARKET Disclaimer: These FAQs are not the interpretation of law but provide only a simplistic explanation of terms/concepts related to Secondary market. All information has been updated till February 28, 2009. For full particulars of laws governing the secondary market, please refer to the Acts/Regulations/Guidelines/Circulars appearing under the Legal Framework Section. Some of the… Read More »
STRAIGHT THROUGH PROCESSING 1. What is STRAIGHT THROUGH PROCESSING (STP )? Straight-through Processing (“STP”) is a mechanism that automates the end-to-end processing of transactions of the financial instruments. It involves use of a single system to process or control all elements of the work-flow of a financial transaction, including what is commonly known as the… Read More »
SEBI (SUBSTANTIAL ACQUISITION OF SHARES AND TAKEOVERS) REGULATIONS, 2011 These FAQs offer only a simplistic explanation/clarification of terms/concepts related to the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 [“SAST Regulations, 2011“]. Any such explanation/clarification that is provided herein should not be regarded as an interpretation of law nor be treated as a binding… Read More »
BUYBACK , DELISTING, TAKEOVER OPEN OFFERS 1. I haven’t received the offer document/ acceptance/ tender form for open take over offer. How can I apply? In case of open offer, the acquirer will publish an announcement in the newspapers. The announcement, letter of offer along with form of acceptance are also made available on SEBI… Read More »
GUIDE TO UNDERSTAND IPO AND OFFER DOCUMENT This sub-section attempts to inform the structure of presentation of the content in an offer document. The basic objective is to help the reader to navigate through the content of an offer document. (a) Cover Page Under this head full contact details of the Issuer Company, lead managers… Read More »
EQUITY AND CURRENCY DERIVATIVES Q1 What are Derivatives? A. The term “Derivative” indicates that it has no independent value, i.e. its value is entirely “derived” from the value of the underlying asset. The underlying asset can be securities, commodities, bullion, currency, live stock or anything else. In other words, Derivative means a forward, future, option… Read More »
DEPOSITORY PARTICIPANTS 1. What is a depository? A “Depository” is a provider of facility for holding securities in book entry or electronic form. It is a kind of bank for securities like shares, debentures, bonds, etc. It also facilitates transactions in the securities held by it. 2. What is dematerialization (Demat)? “Dematerialization” is a process… Read More »
DEBENTURE TRUSTEE 1. What is a Debenture? A debenture is an instrument of debt executed by the company acknowledging its obligation to repay the sum at a specified rate and also carrying an interest. It is one of the methods of raising the loan capital of the company. A debenture is thus like a certificate… Read More »
CONSENT ORDER & COMPOUNDING OF OFFENCE Updated 20-4-2007 Please refer to Circular No. EFD/ED/Cir-1/2007 dated 20 April 2007 for further details about the process of consent and compounding. Q1. What is a Consent Order ? A. Consent Order means an order settling administrative or civil proceedings between the regulator and a person (Party) who may… Read More »