SEBI - Corporate Law Reporter

SEBI further extends timelines for submission of Annual Secretarial Compliance Report

SEBI vide circular dated 25th June, 2020 further extends timelines in continuation to earlier circular dated 19th March, 2020 for submission of the Annual Secretarial Compliance (ASC) Report for Listed entities for the year 2019-2020 till 31st July, 2020 due to the continuing impact of the Covid-19 Pandemic. The complete circular is attached herewith: 1593084597220_Annual… Read More

SEBI further extends timelines for submission of financial results for the quarter/half year/financial year

SEBI vide Circular dated 24th June, 2020 further extends timelines in continuation to earlier circular dated 23rd March, 2020 for submission of financial results under following Regulations of LODR: Regulation 33- Submission of financial results for the quarter and the year ending 31st March 2020 till July 31, 2020 Regulation 52- Submission of half yearly… Read More

SEBI re-imposes fines for non-compliance of certain provisions of ICDR

SEBI vide circular dated 19th August, 2019 specified fines for non-compliance with certain provisions of ICDR Regulations. Stock exchanges shall impose a fine of ₹ 20,000 per day of non compliance till the date of compliance in below mentioned cases: Delay in completion of bonus share: Within 15 days, where shareholder’s approval is not required… Read More

SEBI: Enhanced disclosure in case of listed debt securities

SEBI vide its circular SEBI/HO/MIRSD/DOS3/CIR/P/2019/68 dated 27th May, 2019, in order to secure investor's interest and enhance transparency, has issued following guidelines for amendment to existing regulatory framework for Debenture Trustees (DT): DTs shall disclose the nature of compensation arrangement with its clients on their websites DTs shall display on their website the ISIN wise details… Read More

Modification of circular dated December 7, 2018 on Disclosure of significant beneficial ownership in the shareholding pattern

Securities and Exchange Board of India (SEBI) vide its circular dated 12th March, 2019 has modified the circular No. SEBI/HO/CFD/CMD1/CIR/P/2018/0000000149 dated December 7, 2018 with respect to disclosure of significant beneficial ownership in the shareholding pattern of listed entities to give effect to the amendments made by the Ministry of Corporate affairs (MCA) vide the Companies… Read More

Relaxation from requirement to furnish a copy of PAN for transfer of equity shares of Listed Entities executed by non- residents

Securities and Exchange Board of India (SEBI) vide its circular dated 11th February, 2019 under Section 11(1) of SEBI Act, 1992 read with regulation 101 and 102 of the Listing Obligations and Disclosure Requirements (LODR), addresses the difficulties faced by investors in transfer of physical shares as many of the non-residents do not possess PAN… Read More

Format for Annual Secretarial Audit Report and Annual Secretarial Compliance Report for listed entities and their material subsidiaries

SEBI vide it’s Circular dated February 08, 2019 has specified the Format for Revised Annual Secretarial Audit Report for listed entities and material unlisted subsidiaries and Format for Annual Secretarial Compliance Report applicable to listed entities. These formats shall be effective from the financial year ended March 31, 2019. Further, it has amended the SEBI… Read More

Securities and Exchange Board of India (Prohibition of Insider Trading) (Amendment) Regulations, 2018 – Dated December 31, 2018

THE GAZETTE OF INDIA EXTRAORDINARY PART – III – SECTION 4 PUBLISHED BY AUTHORITY NEW DELHI, December 31, 2018 SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the 31st of December, 2018 SECURITIES AND EXCHANGE BOARD OF INDIA … Read More

Clarification on clubbing of investment limits of Foreign Portfolio Investors

Securities and Exchange Board of India SEBI/HO/IMD/FPIC/CIR/P/2018/150 December 13, 2018 To, 1. All Foreign Portfolio Investors ("FPIs") through their Designated Depository Participants ("DDPs")/ Custodian of Securities. 2. The Depositories (NSDL and CDSL) Sir/ Madam, Subject: Clarification on clubbing of investment limits of Foreign Portfolio Investors ("FPIs") 1. This has reference to SEBI circulars No CIR/IMD/FPIC/CIR/P/2018/64… Read More

Disclosure of significant beneficial ownership in the shareholding pattern:SEBI

CIRCULAR SEBI/HO/CFD/CMD1/CIR/P/2018/0000000149 December 7, 2018 To All Listed entities All the Recognised stock exchanges All the Depositories Dear Sir/Madam, Sub: Disclosure of significant beneficial ownership in the shareholding pattern 1. Vide SEBI Circular No. CIR/CFD/CMD/13/2015 dated November 30, 2015, a format has been prescribed for disclosure of holding of specified securities and shareholding pattern under… Read More

Securities and Exchange Board of India (Mutual Funds) (Third Amendment) Regulations, 2018

SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the 6 th December, 2018 SECURITIES AND EXCHANGE BOARD OF INDIA (MUTUAL FUNDS) (THIRD AMENDMENT) REGULATIONS, 2018 No. SEBI/LAD-NRO /GN/ 2018/50 - In exercise of the powers conferred by section 30 read with clause (c) of sub-section (2) of section 11 of the Securities and Exchange Board… Read More

MCA reconstitutes High Level Committee on Corporate Social Responsibility -2018(HLC-2018)

No.12/03/2018-CSR Government of India Ministry of Corporate Affairs 5th Floor , 'A' Wing , Shastri Bhawan, Dr. R.P. Road, New Delhi-110001 Date: 22.11.2018 OFFICE ORDER Subject: Reconstitution of High Level Committee on Corporate Social Responsibility -2018(HLC-2018) Pursuant to orders of Honb'le Ministrer of Corporate Affairs and in supersession of earlier office order of even no.… Read More

SEBI releases guidelines on fund raising by issuance of Debt Securities by Large Entities

SECURITIES EXCHANGE BOARD OF INDIA CIRCULAR SEBI/HO/DDHS/CIR/P/2018/144 November 26, 2018 To All Listed Entities (whose specified securities or debt securities or NCRPS are listed on SEBI recognized Stock Exchanges) Dear Sir / Madam, Sub: Fund raising by issuance of Debt Securities by Large Entities 1. With a view to operationalising the Union Budget announcement for… Read More