SEBI Board Meeting – Tax related Policies for MFs, Review of Corporate Governance and other decisions
The SEBI Board met in New Delhi today and inter-alia took the following important decisions: I. Review of Corporate Governance norms in India for listed companies The Board has approved the proposals to amend the Listing Agreement with respect to corporate governance norms for listed companies. The amendments, inter-alia, propose to align the provisions of… Read More
Tags: Board of directors, Companies Act, Corporate Governance, India, Mutual fund, New Delhi, SEBI, Securities & Exchange Board of India
Survey of India™s Foreign Liabilities and Assets for the Mutual Fund Companies 2012-13
The Reserve Bank of India today released, on its website, the datarelated to the results of Survey of India's Foreign Liabilities and Assets for the Mutual Fund Companies 2012-13. The data compiled are based on annual survey on India's foreign liabilities and assets (FLA) of the mutual fund companies (MFs) and Asset Management Companies (AMCs)… Read More
Tags: Hong Kong, India, March 2012, March 2013, Mutual fund, Reserve Bank of India, United Arab Emirates, United States
Memorandum of Instructions for Opening and Maintenance of Rupee / Foreign Currency Vostro Accounts of Non-resident Exchange Houses
RBI/2013-14/438 A. P. (DIR Series) Circular No. 88 January 09, 2014 To, All Authorised Dealer Category - I Banks Madam / Sir, Memorandum of Instructions for Opening and Maintenance of Rupee / Foreign Currency Vostro Accounts of Non-resident Exchange Houses Attention of Authorised Dealer Category I (AD Category I) banks is invited to Part (B)… Read More
Tags: Anno Domini, Asia, Financial services, Foreign Exchange Management Act, India, Indian rupee, Mutual fund, Non-resident Indian and person of Indian origin
Reporting of Trades in Securitised Debt Instruments in Trade Reporting Platforms and Clearing and Settlement of trades in Securitised Debt Instruments through Clearing Corporations
Circular CIR/IMD/DF/1/2014 January 07, 2014 To: All Stock Exchanges, All Clearing Corporations, All Mutual Funds, Asset Management Companies (AMCs), All Foreign Institutional Investors/ sub-accounts/ Qualified Foreign Investors/ Foreign Portfolio Investors (through custodians),… Read More
Tags: Institutional investor, MCX Stock Exchange, Mutual fund, SEBI, Securities & Exchange Board of India, Securities and Exchange Board of India Act 1992, Securitised Debt Instrument, Stock exchange
SEBI issues changes in Know Your Client (KYC) Requirements in Part 1 of Account Opening Form
CIRCULAR CIR/MIRSD/ 13 /2013 December 26, 2013 1. All Recognized Stock Exchanges 2. Stock Brokers through Recognized Stock Exchanges 3. Depository Participants through Depositories 4. Association of Mutual Funds in India 5. Mutual funds through AMFI 6. Portfolio Managers 7. KYC Registration Agencies (KRAs) 8. Alternative Investment Funds (AIFs) 9. Collective Investment Schemes (CIS) 10.… Read More
Tags: AOF, Collective investment scheme, India, KYC, Mutual fund, Securities & Exchange Board of India, Securities and Exchange Board of India Act 1992, Stock exchange
Circular on Infrastructure Debt Fund (IDF) Foreign Institutional Investors (FIIs) which are long term investors
CIRCULAR CIR / IMD / DF / 20 / 2013 November 29, 2013 All Mutual Funds/Asset Management Companies Trustee Companies/Boards of Trustees of mutual funds Sir / Madam, Sub: Circular on Infrastructure Debt Fund (IDF) Foreign Institutional Investors (FIIs) which are long term investors 1. SEBI, vide Circular CIR / IMD / DF / 7… Read More
Tags: Central bank, Exchange Board of India Act, India, Institutional investor, Mutual fund, SEBI, Securities & Exchange Board of India, Securities and Exchange Board of India Act 1992
Role of SEBI in Capital Market: Developments and Challenges
INTRODUCTION The SEBI, that is, the Securities and the Exchange Board of India, is the national regulatory body for the securities market, set up under the securities and Exchange Board of India Act, 1992, to protect the interest of investors in securities and to promote the development of, and to regulate the securities market and… Read More
Tags: Business, Capital market, Exchange Board of India Act, India, Mutual fund, Regulation, SEBI, Securities & Exchange Board of India, Securities and Exchange Board of India Act 1992, Stock exchange
Facilitating transaction in Mutual Fund schemes through the Stock Exchange Infrastructure
CIRCULAR CIR/MRD/DSA/32/2013 October 04, 2013 All Recognised Stock Exchanges, All Recognised Clearing Corporation, All Depositories. Sir / Madam, Subject : Facilitating transaction in Mutual Fund schemes through the Stock Exchange Infrastructure. 1. SEBI vide circular SEBI /IMD / CIR No.11/183204/ 2009 dated November 13, 2009 and circular CIR/IMD/DF/17/2010 dated November 9, 2010, on captioned subject, facilitate purchasing… Read More
Tags: India, Investor, Mutual fund, Mutual funds in India, SEBI, Securities & Exchange Board of India, Securities and Exchange Board of India Act 1992, Stock exchange
Operationalization of Infrastructure Debt Funds – Removal of certain impediments
The Cabinet Committee on Economic Affairs has approved the following steps to promote the operationalization of Infrastructure Debt Funds (IDFs): (a) Capping of the annual Guarantee Fee payable to the Concession Authority at 0.05% p.a. of outstanding debt financed by the IDF NBFC (Non Banking Financial Companies) for the first three years of operation of… Read More
Tags: Bank, Financial services, Infrastructure Debt Funds, Israel Defense Forces, Mutual fund, Non-banking financial company, Run batted in, United States
Guidelines for dealing with Conflict of Interest for investment/ trading by CRAs, Access Persons and other employees
CIRCULAR CIR/MIRSD/6/2013 August 28, 2013 To All Credit Rating Agencies (CRAs) registered with SEBI Sub: Guidelines for dealing with Conflict of Interest for investment/ trading by CRAs, Access Persons and other employees 1. SEBI (Credit Rating Agencies) Regulations, 1999 (hereinafter referred to as "the Regulations") and SEBI circular dated May 3, 2010 require every CRA to formulate the… Read More
Tags: Access Person, CRA, Credit rating agency, Mutual fund, Regulation, SEBI, Securities & Exchange Board of India, Securities and Exchange Board of India Act 1992
SEBI (Alternative Investment Funds) Regulations 2012 (AIFR) Certain Critical Issues
By Uday N Kajaria Chartered Accountant and Company Secretary uday.kajaria@gmail.com Introduction SEBI (Alternative Investment Funds) Regulations 2012 (hereinafter referred to as ˜AIFR™) notified on 21st May, 2012 provides a platform to the investor to pool their resources for investment in specified sectors such as start-ups, early stage ventures, SME, Infrastructure sector, subscribing to unsubscribed portion… Read More
Tags: AIF, AIFR, Collective investment scheme, India, Initial Public Offer, Investment, Mutual fund, SEBI, SEBI (Alternative Investment Funds) Regulations 2012, Venture capital
Investment by Qualified Foreign Investors (QFIs) in “to be listed” Indian Corporate Debt Securities
CIRCULAR CIR/IMD/FIIC/13 /2013 August 13, 2013 All SEBI registered Intermediaries/ Recognized Stock Exchanges/ Depositories/ Mutual Funds/ qualified Depository Participants (DP) Sir / Madam, Sub: Investment by Qualified Foreign Investors (QFIs) in to be listed Indian Corporate Debt Securities 1. Vide SEBI circular CIR/IMD/FII&C/17/2012 dated July 18, 2012, QFIs had been allowed to invest in listed/… Read More
Tags: Depository participant, Federated Investors, Mutual fund, Run batted in, SEBI, Securities & Exchange Board of India, Securities and Exchange Board of India Act 1992, Security (finance)
Announcements from ICSI
Announcement The Council of the Institute has approved the following decisions pertaining to training of the students of the Company Secretaryship Course.: A) 15 months training with Law Firms, Consultancy Firms, Financial Institutions: The Council of the Institute has allowed imparting 15 months training by Law Firms, Consultancy Firms and Financial Institutions. Earlier they were allowed… Read More
Tags: Financial institution, Institute of Company Secretaries of India, Law, Law firm, Law Practice Support, Marketing, Mutual fund, Services