SEBI - Corporate Law Reporter

Foreign Investment in Rupee denominated bonds issued overseas by Indian Corporates

CIRCULAR SEBI/HO/IMD/FPIC/CIR/P/2016/67 August 04, 2016 To All Foreign Portfolio Investors through their designated Custodians of Securities The Depositories (NSDL and CDSL) Sir / Madam, Sub:Foreign Investment in Rupee denominated bonds issued overseas by Indian Corporates 1. RBI in its Fourth Bi-monthly Policy Statement for the year 2015-16, dated September 29, 2015 had permitted Indian corporates… Read More

CLIENT REGISTRATION DOCUMENTS IN VERNACULAR LANGUAGES

PR No. 130/2016 CLIENT REGISTRATION DOCUMENTS IN VERNACULAR LANGUAGES SEBI had prescribed the following documents in order to make clients aware of their rights and obligations vis-à-vis the stock broker & sub-broker, make the clients aware of the risks involved in trading in securities market, bring in uniformity in the documents being signed… Read More

Discussion Paper on review of framework for Institutional Trading Platform

1. Background 1.1. The regulatory framework for Institutional Trading Platform (“ITP”) was put in place vide amendments notified to SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009 (“ICDR Regulations”) on August 14, 2015. Various enabling amendments to other SEBI regulations i.e. on Takeover, Listing, Delisting and AIF were also notified. 1.2. Subsequently, SEBI has… Read More

FAQ’s on Electronic book mechanism for debt securities

FREQUENTLY ASKED QUESTIONS (FAQs) SEBI Circular No. CIR/IMD/DF1/48/2016 dated April 21, 2016 with regards to Electronic book mechanism for issuance of debt securities on private placement basis Disclaimer: These FAQs are prepared with a view to guide market participants on Electronic book mechanism for issuance of debt securities on private placement basis ("EBP Circular"). For… Read More

SEBI releases introduction of “Primary Market Debt Offering through private placement on electronic book”

PR No. 128/2016 Frequently Asked Questions (FAQs) with regards to SEBI Circular No. CIR/IMD/DF1/48/2016 dated April 21, 2016 on introduction of "Primary Market Debt Offering through private placement on electronic book" SEBI issued a Circular no. CIR/IMD/DF1/48/2016 dated April 21, 2016, with respect to introduction of Electronic Book Mechanism for issuance of debt… Read More

Operationalisation of Central KYC Records Registry (CKYCR)

CIRCULAR CIR/MIRSD/ 66 /2016 July 21, 2016 1. All Recognized Stock Exchanges 2. Stock Brokers through Recognized Stock Exchanges 3. All recognised Depositories 4. Depository Participants through Depositories 5. Association of Mutual Funds in India 6. Mutual funds through AMFI 7. Portfolio Managers 8. KYC Registration Agencies (KRAs) 9. Alternative Investment Funds (AIFs) 10. Collective… Read More

Views/Suggestions solicited on Consultation paper for amendments to the SEBI (Real Estate Investment Trusts) Regulations, 2014

July 20, 2016 Views/Suggestions solicited on Consultation paper for amendments to the SEBI (Real Estate Investment Trusts) Regulations, 2014 SEBI has placed the ‘Consultation paper for amendments to the SEBI (Real Estate Investment Trusts) Regulations, 2014’ on its website for public comments. We enclose the Consultation Paper for ready reference and seek your views/suggestions on… Read More

Acceptance of Fixed Deposit Receipts (FDRs) by Clearing Corporations

CIRCULAR CIR/MRD/DRMNP/65/2016 July 15, 2016 To All recognized Clearing Corporations Dear Sir / Madam, Sub: Acceptance of Fixed Deposit Receipts (FDRs) by Clearing Corporations 1) Currently, Fixed Deposit Receipts of banks are accepted by Clearing Corporations as eligible collateral from the participants. 2) It is observed that some banks who are also trading members/ clearing… Read More

SEBI Updates

Dear Professional Colleague, SEBI: The Securities and Exchange Board of India has issued Consultation paper for Disclosure of financial information in offer document/ placement memorandum and for Valuation in respect of SEBI (Infrastructure investment trusts) Regulations, 2014. The SEBI (Infrastructure investment trusts) Regulations, 2014 (InvIT Regulations) were notified on September 26, 2014, thereby providing a… Read More

Simplification of Account Opening Kit

CIRCULAR CIR/MIRSD/64/2016 July12, 2016 1. All Recognized Stock Exchanges 2. Stock Brokers through Recognized Stock Exchanges 3. All recognised Depositories 4. Depository Participants through Depositories Dear Sir/ Madam, Subject: Simplification of Account Opening Kit 1. Presently, a stock broker/ depository participant is required, in terms of SEBI circulars: (a) No. MIRSD/ SE /Cir-19/2009 dated December… Read More

Consultation paper for Disclosure of financial information in offer document/placement memorandum and for Valuation in respect of SEBI (Infrastructure investment trusts) Regulations, 2014

A. Background 1.1. The SEBI (Infrastructure investment trusts) Regulations, 2014 (InvIT Regulations) were notified on September 26, 2014, thereby providing a regulatory framework for registration and regulation of InvITs in India. The regulations, inter alia, prescribe conditions for making a public offer and private placement and broad guidelines for making initial and continuous disclosures including… Read More

SEBI made a public announcement mandating the use of Electronic book mechanism for issuance of debt securities

SEBI has made a public announcement mandating the use of Electronic book mechanism for issuance of debt securities on private placement basis. SEBI had issued a circular dated April 21, 2016 wherein the use of an Electronic Book Mechanism (EBM) had been made mandatory from July 01, 2016 for issuance of debt securities on private… Read More

Revised Formats for Financial Results and Implementation of Ind-AS by Listed Entities

CIRCULAR CIR/CFD/FAC/62/2016 July 05, 2016 To All Listed Entities All Recognized Stock Exchanges Dear Sir / Madam, Sub: Revised Formats for Financial Results and Implementation of Ind-AS by Listed Entities 1. SEBI vide Circular No. CIR/CFD/CMD/15/2015 dated November 30, 2015, has prescribed formats for publishing financial results. 2. SEBI, in consultation with the market participants… Read More