Security (finance) | Corporate Law Reporter

Operational Guidelines for Designated Depository Participants

CIRCULAR CIR/IMD/FIIC/02/2014 January 08, 2014 To, 1. All Custodians of Securities 2. All Foreign Institutional Investors through their designated Custodians of Securities 3. Depository Participants through Depositories 4. All Depositories 5. All Recognized Stock Exchanges Dear Sir/ Madam, Sub: Operational Guidelines for… Read More

Tags: Depository participant, Exchange Board of India Act, Institutional investor, SEBI, Securities & Exchange Board of India, Securities and Exchange Board of India Act 1992, Security (finance), Stock exchange

Qualified Central Counterparties in Securities Market

National Securities Clearing Corporation Limited (NSCCL), Indian Clearing Corporation Limited (ICCL) and MCX-SX Clearing Corporation Limited (MCX-SXCCL) are the Qualified Central Counterparties (QCCPs) in the Indian Securities Market jurisdiction. These clearing corporations have qualified as QCCPs in view of the fact that these are regulated by Securities and Exchange Board of India (SEBI) under SEBI… Read More

Tags: Capital market, Financial Market Infrastructure, Financial Stability Board, International Organization of Securities Commissions, IOSCO, Regulation, Securities & Exchange Board of India, Security (finance)

SEBI releases Paper seeking public comments on proposals for allowing certain class of companies to file shelf prospectus for public issuance of non-convertible debt securities

Proposals for allowing certain class of companies to file shelf prospectus for public issuance of non-convertible debt securities - Paper seeking public comments Every issuer is required to file a Prospectus with Registrar of Companies before making a public issue. To enable frequent issuers to raise money, without undergoing the procedure for filing Prospectus for every issuance, the… Read More

Tags: Companies Act, Fiscal year, Registrar of Companies, SEBI, Securities & Exchange Board of India, Security (finance), Shelf registration, The Companies Act 1956

Issues pertaining to primary issuance of debt securities

CIRCULAR CIR/IMD/DF/18/2013 October 29, 2013 To All Recognized Stock Exchanges All Registered Merchant Bankers Dear Sir/Madam, Issues pertaining to primary issuance of debt securities SEBI has been holding discussions with issuers and various other market participants regarding the issues concerning development of Corporate Bond Market. Based on the suggestions received in the aforesaid meetings, it… Read More

Tags: Companies Act, Exchange Board of India Act, SEBI, Securities & Exchange Board of India, Securities and Exchange Board of India Act 1992, Security (finance), Stock exchange, The Companies Act 1956

Standardisation and Simplification of Procedures for Transmission of Securities

CIRCULAR CIR/MIRSD/10/2013 October 28, 2013 To All recognized Stock Exchanges All Registrars to an Issue and Share Transfer Agents registered with SEBI All Depositories, Sir / Madam, Sub: Standardisation and Simplification of Procedures for Transmission of Securities 1. SEBI has reviewed the process being followed by the Share Transfer Agents (STAs) and the Depositories /… Read More

Tags: Annexation, India, Issuer, SEBI, Securities & Exchange Board of India, Securities and Exchange Board of India Act 1992, Security (finance), Stock exchange

Draft Rules under Companies Act 2013 :: Chapter III :: Prospectus And Allotment Of Securities

Click Here to Download the Draft Rules for Chapter III ----------------------------------------------------------------------------------- DRAFT RULES UNDER COMPANIES ACT, 2013 CHAPTER III PROSPECTUS AND ALLOTMENT OF SECURITIES Part I Public Offer Matters to be stated in the prospectus 3.1. For the purposes of clause (a) of sub-section (1) of section 26, (1) pursuant to sub-clause (i), the names, addresses… Read More

Tags: Board of directors, Companies Act, finance, Financial statement, India, Prospectus, Public Offer, Security (finance)

Commencement Notification CA2013 :: Miscellaneous :: Section 458 :: Delegation by Central Government of its powers and functions

Chapter XXIX Miscellaneous (447 - 470) Section 458- Delegation by Central Government of its powers and functions (1) The Central Government may, by notification, and subject to such conditions, limitations and restrictions as may be specified therein, delegate any of its powers or functions under this Act other than the power to make rules to… Read More

Tags: Business, Central Government, Company, Exchange Board, FeedBurner, Public company, Securities and Exchange Board, Security (finance)

Commencement Notification CA2013 :: Miscellaneous :: Section 450 :: Punishment where no specific penalty or punishment is provided.

Chapter XXIX Miscellaneous (447 - 470) Section 450- Punishment where no specific penalty or punishment is provided If a company or any officer of a company or any other person contravenes any of the provisions of this Act or the rules made there under, or any condition, limitation or restriction subject to which any approval,… Read More

Tags: Annual General Meeting, Company, Crime and Justice, FeedBurner, Prospectus, Punishment, Security (finance), Share capital

Commencement Notification CA2013 :: Miscellaneous :: Section 448 :: Punishment for false statements

Chapter XXIX Miscellaneous (447 - 470) Section 448- Punishment for false statements Save as otherwise provided in this Act, if in any return, report, certificate, financial statement, prospectus, statement or other document required by, or for, the purposes of any of the provisions of this Act or rules made thereunder, any person makes a statement,”… Read More

Tags: Annual General Meeting, Chairman, Company, Financial statement, Public company, Security (finance)

Commencement Notification CA2013 :: Section 195 :: Prohibition on insider trading of securities

Chapter XII -Meetings of Board and its Powers (173 - 195) Section 195- Prohibition on insider trading of securities (1) No person including any director or key managerial personnel shall enter into insider trading: Provided that nothing contained in this sub-section shall apply to any communication required in the ordinary course of business or profession… Read More

Tags: Brokerages, Business, Information sensitivity, Insider Trading, Investing, Management, Public company, Security (finance)

Commencement Notification CA2013 :: Section 194 :: Prohibition on forward dealings in securities of company by a key managerial personnel

Chapter XII -Meetings of Board and its Powers (173 - 195) Section 194- Prohibition on forward dealings in securities of company by a key managerial personnel (1) No director of a company or any of its key managerial personnel shall buy in the company, or in its holding, subsidiary or associate company” (a) a right… Read More

Tags: Board of directors, Chief financial officer, Debenture, FeedBurner, Management, Security (finance), Shares, Subsidiary

Commencement Notification CA2013 :: Section 192 :: Restriction on non-cash transactions involving directors.

Chapter XII -Meetings of Board and its Powers (173 - 195) Section 192- Restriction on non-cash transactions involving directors (1) No company shall enter into an arrangement by which ” (a) a director of the company or its holding, subsidiary or associate company or a person connected with him acquires or is to acquire assets… Read More

Tags: Annual General Meeting, Board of directors, Companies Act, Debenture, FeedBurner, Holding company, Security (finance), Shares, Site of Special Scientific Interest, Subsidiary

Commencement Notification CA2013 :: Notified Sections 185 :: Loan to directors, etc

Chapter XII -Meetings of Board and its Powers (173 - 195) Section 185- Loan to directors, etc (1) Save as otherwise provided in this Act, no company shall, directly or indirectly, advance any loan, including any loan represented by a book debt, to any of its directors or to any other person in whom director is… Read More

Tags: Board of directors, Extraordinary resolution, FeedBurner, Legal personality, Privately held company, Reserve Bank of India, Rupee, Security (finance)