Stock Exchange | Corporate Law Reporter

Liberalizing FDI Policy

Government has put in place an investor-friendly policy on FDI, under which FDI, up to 100%, is permitted, under the automatic route, in most sectors/activities. Significant changes have been made in the FDI policy regime in the recent times, to ensure that India remains an attractive investment destination. In a recent review of the policy,… Read More

Tags: Courier, FDI, foreign direct investment, Government, India, Natural gas, Stock exchange, Tea

Monitoring of Foreign Investment by NRIs/PIOs under PIS in Indian Companies

The Reserve Bank of India has today notified that the aggregate net purchases of equity shares in M/s Kama Holdings Limited by Non-Resident Indians (NRIs)/Persons of Indian Origin (PIOs) in the primary/secondary markets under Portfolio Investment Scheme (PIS) have reached the trigger limit. Accordingly, no further purchases of this company would be allowed through stock… Read More

Tags: foreign direct investment, General manager, India, Indian Origin, Non-resident Indian and person of Indian origin, Persons, Reserve Bank of India, Stock exchange

SEBI Circular on FII Position Limits in Exchange Traded Interest Rate Futures (IRF)

CIRCULAR CIR/MRD/DRMNP/2/2014 January 20, 2014 To Depositories, Recognized Stock Exchanges, Recognized Clearing Corporations, All Foreign Institutional Investors through their designated Custodians of Securities Dear Sir/Madam, Sub: FII Position Limits in Exchange Traded Interest Rate Futures (IRF) 1. SEBI in consultation with RBI, vide circular CIR/MRD/DRMNP/35/2013 dated December 5, 2013 prescribed the framework for Stock Exchanges… Read More

Tags: FII, Institutional investor, Interest rate future, National Securities Depository Limited, NSDL, SEBI, Securities & Exchange Board of India, Stock exchange

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

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

SEBI Rationalization of Periodic Call Auction for Illiquid Scrips

Securities and Exchange Board of India CIRCULAR CIR/MRD/DP/38 /2013 December 19, 2013 To All Stock Exchanges Dear Sir/Madam, Sub: Rationalization of Periodic Call Auction… Read More

Tags: Auction, Bombay Stock Exchange, Market capitalization, Securities & Exchange Board of India, Securities and Exchange Board of India Act 1992, SMAC, Stock exchange, Trading day

Declaration and Undertaking regarding PCC, MCV or equivalent structure by FIIs

CIRCULAR CIR/IMD/FIIC/21/ 2013 December 19, 2013 To, All Foreign Institutional Investors through their designated Custodians of Securities Dear Sir/ Madam, Sub: Declaration and Undertaking regarding PCC, MCV or equivalent structure by FIIs. SEBI vide circular CIR/IMD/FIIC/1/2010 dated April 15, 2010 had mandated all Foreign Institutional Investors/ Sub Accounts to submit Declaration and Undertaking… Read More

Tags: Circle, Exchange Board of India Act, India, Institutional investor, SEBI, Securities & Exchange Board of India, Securities and Exchange Board of India Act 1992, Stock exchange

Deposit Requirements for members of the Debt Segment

CIRCULAR CIR/MRD/DRMNP/37/2013 December 19, 2013 To All recognized Stock Exchanges and Clearing Corporations Dear Sir / Madam, Sub: Deposit Requirements for members of the Debt Segment 1. SEBI vide circular no CIR/MRD/DP/03/2013 dated January 24, 2013 prescribed guidelines for providing dedicated debt segment on stock exchanges. Subsequently, SEBI (Stock Brokers and Sub-Brokers) Regulations was amended to enable registration… Read More

Tags: Business, Clearing Corporation, Corporation, Debt, January 24 2013, Proprietary trading, Regulation, Securities & Exchange Board of India, Securities and Exchange Board of India Act 1992, Stock Broker, Stock exchange, Stockbroker

Justice Sodhi Committee Report on SEBI (Prohibition Of Insider Trading) Regulations, 1992

The High Level Committee to Review the SEBI (Prohibition of Insider Trading) Regulations, 1992 constituted under the Chairmanship of Justice (Shri.) N.K. Sodhi, former chief justice of Karnataka and Kerala High Courts and former presiding officer of the Securities Appellate Tribunal, submitted its report to SEBI Chairman, Shri U.K. Sinha, on December 7, 2013 at… Read More

Tags: Bandra Kurla Complex, Chandigarh, India, Insider Trading, Karnataka, Securities & Exchange Board of India, Stock exchange, UPSI

Exchange Traded Cash Settled Interest Rate Futures (IRF) on 10-Year Government of India Security

CIRCULAR CIR/MRD/DRMNP/35/2013 December 05, 2013 To Recognized Stock Exchanges Recognized Clearing Corporations Dear Sir/Madam, Sub: Exchange Traded Cash Settled Interest Rate Futures (IRF) on 10-Year Government of India Security 1. SEBI vide circular No.… Read More

Tags: Annexation, Government of India, India, Risk management, SEBI, Securities & Exchange Board of India, Securities and Exchange Board of India Act 1992, Stock exchange

SEBI Circular on extension of timeline for alignment of employee benefit schemes with the SEBI (ESOS and ESPS) Guidelines, 1999

CIR/CFD/POLICYCELL/14/2013 November 29, 2013 To All Stock Exchanges All Registered Merchant Bankers Dear Sir/Madam, Sub: SEBI Circulars No. CIR/CFD/DIL/3/2013 dated January 17, 2013 and - CIR/CFD/DIL/7/2013 dated May 13, 2013 - Extension of time line for alignment 1. SEBI vide circular No. CIR/CFD/DIL/3/2013 dated January 17, 2013, inter alia, made certain amendments to the Equity… Read More

Tags: Amit Tandon, Employee benefit, Exchange Board of India Act, SEBI, Secondary market, Securities & Exchange Board of India, Securities and Exchange Board of India Act 1992, Stock exchange

Compliance with the provisions of Equity Listing Agreement by listed companies Monitoring by Stock Exchanges

CIR/CFD/POLICYCELL/13/2013 November 18, 2013 To All Recognised Stock Exchanges Dear Sir(s)/Madam(s), Sub: Compliance with the provisions of Equity Listing Agreement by listed companies - Monitoring by Stock Exchanges 1. The Equity Listing Agreement mandates listed companies to make periodic and event based disclosures which are price sensitive in nature and which will have bearing on… Read More

Tags: Financial services, India, Public company, SEBI, Securities & Exchange Board of India, Securities and Exchange Board of India Act 1992, Standard operating procedure, Stock exchange