SEBI issued guidelines for Consolidated Account Statement
Securities and Exchange Board of India CIRCULAR SEBI/HO/IMD/DF2/CIR/P/2016/42 March 18, 2016 Subject: Circular on Mutual Funds
Category Archives: SEBI
Commodity Derivatives can be traded on exchanges operating in IFSC
SEBI (INTERNATIONAL FINANCIAL SERVICES CENTRES) GUIDELINES, 2015 (IFSC GUIDELINES) – INCLUSION OF COMMODITY DERIVATIVES CIRCULAR NO.MRD/DSA/41/2016, DATED 17-3-2016 1. SEBI (International Financial Services Centres) Guidelines, 2015 were issued on March 27, 2015. 2. Pursuant to section 131 of the Finance Act, 2015 and Central Government notification S.O. 2362 (E) dated August 28, 2015, all recognized… Read More »
Brightline Tests for Acquisition of ‘Control’ under SEBI Takeover Regulations
Brightline Tests for Acquisition of ‘Control’ under SEBI Takeover Regulations The Board considered and approved the proposal for initiation of public consultation process regarding Brightline Tests for Acquisition of ‘Control’ under the SEBI (SAST) Regulations, 2011. Assessment of ‘Control’ as defined under the SEBI (SAST) Regulations, 2011 requires consideration of facts and circumstances of… Read More »
SEBI new norms for audit qualifications in Auditors report
Review of manner of dealing with Audit Reports containing Qualifications SEBI has put in place a mechanism to review the audit qualifications contained in the audit reports. The said mechanism has been incorporated in the SEBI (Listing and Other Disclosure Requirements) Regulations, 2015 (‘Listing Regulations’).With the objective that the impact of the audit qualification is… Read More »
SEBI Imposing restrictions on wilful defaulters
Imposing restrictions on wilful defaulters The SEBI Board met in New Delhi on 12.3.2016 and took the following decisions: The Master Circular on “Wilful Defaulters” issued by the Reserve Bank of India from time to time lays down safeguards to be exercised by banks to contain the financial activities of a wilful defaulter. With the… Read More »
SEBI Clarify Aadhaar Based E-KYC Process
FREQUENTLY ASKED QUESTIONS ON SEBI CIRCULAR NO.CIR/MIRSD/29/2016, DATED 22-1-2016 ON KNOW YOUR CLIENT REQUIREMENTS CLARIFICATION ON VOLUNTARY ADAPTATION OF AADHAAR BASED E-KYC PROCESS PRESS RELEASE, DATED 11-3-2016 1. Whether intermediaries are required to carry out in-person verification (IPV) of the client, if KYC verification of the client is carried out through Aadhaar based e-KYC service… Read More »
SEBI FAQ on SHARE BASED EMPLOYEE BENEFITS
FREQUENTLY ASKED QUESTIONS ON SEBI (SHARE BASED EMPLOYEE BENEFITS) REGULATIONS, 2014 PRESS RELEASE, DATED 7-3-2016 1. In terms of proviso to regulation 3(12) of the SEBI (Share Based Employee Benefits) Regulations, 2014, the un-appropriated inventory of shares which is not backed by grants but has been acquired through secondary acquisition by the Trust has to… Read More »
Unclaimed dividend amounts can be invested in Mutual Funds : SEBI
CIRCULAR NO.SEBI/HO/IMD/DF2/CIR/P/2016/37, DATED 25-2-2016 A. Treatment of unclaimed redemption and dividend amounts Please refer to SEBI circular dated November 24, 2000 on treatment of unclaimed redemption and dividend amounts. In partial modification of the aforementioned circular, it has been decided that: 1. The unclaimed redemption and dividend amounts, that are currently allowed to be deployed… Read More »
Public announcement not required to acquire shares of dissenting shareholders
SEBI (SUBSTANTIAL ACQUISITION OF SHARES AND TAKEOVERS) (AMENDMENT) REGULATIONS, 2016 – AMENDMENT IN REGULATION 3 NOTIFICATION NO.SEBI/LAD-NRO/GN/2015-16/035, DATED 17-2-2016 In exercise of the powers conferred under section 30 of the Securities and Exchange Board of India Act, 1992 (15 of 1992) read with section 13(8) and section 27(2) of the Companies Act, 2013, the Board… Read More »
SEBI issued Regulations in case of dissenting shareholders
CONDITIONS AND MANNER OF PROVIDING EXIT OPPORTUNITY TO DISSENTING SHAREHOLDERS THE GAZETTE OF INDIA EXTRAORDINARY PART – III – SECTION 4 PUBLISHED BY AUTHORITY NEW DELHI, February 17, 2016 SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the 17th February, 2016 SECURITIES AND EXCHANGE BOARD OF INDIA (ISSUE OF CAPITAL AND DISCLOSURE REQUIREMENTS) (SECOND… Read More »