SEBI - Corporate Law Reporter

Clarification regarding grandfathering of ODI issuers and modification of replies of FAQ 70 and FAQ 71 of SEBI FAQs to SEBI (FPI) Regulations, 2014

CIR/IMD/FPI&C/61/2016 June 29, 2016 To, All Foreign Portfolio Investors Through their Custodians of Securities/DDPs Dear Sir/Madam, Sub: Clarification regarding grandfathering of ODI issuers and modification of replies of FAQ 70 and FAQ 71 of SEBI FAQs to SEBI (FPI) Regulations, 2014. In terms of the SEBI (Foreign Portfolio Investors) Regulation, 2014 (FPI Regulations)and circulars issued… Read More

Review of the framework of position limits for currency derivatives contracts

CIRCULAR SEBI/HO/MRD/DP/CIR/P/2016/60 June 22, 2016 To, All Stock exchanges and Clearing corporations, All Foreign Portfolio Investors (FPIs). Dear Sir / Madam, Subject: Review of the framework of position limits for currency derivatives contracts With the view to ease trading requirements in the currency derivatives segment, it is clarified that the position limit linked to open… Read More

Consultation Paper for Public Comments Amendments to SEBI (Portfolio Managers) Regulations, 1993 Pursuant To Introduction of Section 9A in The Income Tax Act, 1961

The objective of this consultation paper is to seek comments from the public for the purpose of laying down an enabling framework for the registration of Eligible Fund Managers to manage Eligible Investment Funds pursuant to insertion of Section 9A in the Income Tax Act, 1961. Please click on the below link to download Consultation Paper… Read More

SEBI Board Meeting

PR No. 116/2016 SEBI Board Meeting The SEBI Board met in Mumbai today and took the following decisions: A. Consultation Paper for "Amendments to the SEBI (Portfolio Managers) Regulations, 1993 pursuant to introduction of Section 9A in the Income Tax Act, 1961" Pursuant to the announcement by Hon’ble Finance Minister in Union Budget 2015-16,… Read More

Know Your Client (KYC) norms for ODI subscribers, transferability of ODIs, reporting of suspicious transactions

CIRCULAR CIR/IMD/FPI&C/59/2016 June 10, 2016 To, All Foreign Portfolio Investors (FPIs) (Through their Designated Depository Participants/Custodians of Securities) Dear Sir/Madam, Subject: Know Your Client (KYC) norms for ODI subscribers, transferability of ODIs, reporting of suspicious transactions, periodic review of systems and modified ODI reporting format. 1. In terms of the SEBI (Foreign Portfolio Investors) Regulation,… Read More

Investor Protection Fund (IPF) of Depositories

CIRCULAR SEBI/HO/MRD/DP/CIR/P/2016/58 June 07, 2016 To, The Depositories, Dear Sir / Madam, Subject: Investor Protection Fund (IPF) of Depositories 1. The Depository System Review Committee (DSRC) had examined various aspects of the depository IPF including utilization and investment policy of IPF and quantum of funds to be transferred to IPF. The Expert Committee on Clearing… Read More

Consultative Paper on Warehousing Norms for Agricultural &Agri-Processed Commodities Traded on National Commodity Derivatives Exchanges

1. Warehousing infrastructure and its ancillary services play a critical role in the delivery mechanism of the Commodity Derivatives Market. A robust &credible warehousing infrastructure is sine qua non for an effective Commodity Derivatives Market that can inspire confidence amongst the market participants and other stake holders. At the time of the merger of FMC… Read More

Consultation paper for amendments to the SEBI (Infrastructure Investment Trusts) Regulations, 2014

A. Background: 1) SEBI (Infrastructure Investment Trusts) Regulations, 2014 (InvIT regulations) were notified on 26th September, 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, initial and continuous disclosures, investment conditions, unit-holder approval requirements, related party… Read More

Restriction on redemption in Mutual Funds

CIRCULAR SEBI/HO/IMD/DF2/CIR/P/2016/57 May 31, 2016 All Mutual Funds/Asset Management Companies (AMCs)/ Trustee Companies/Boards of Trustees of Mutual Funds Sir/ Madam, Subject: Restriction on redemption in Mutual Funds 1. Presently, in terms of circular SEBI/IMD/CIR No.5/126096/08 dated May 23, 2008, facility of restriction on redemption under any scheme of the mutual fund can be made only… Read More

Securities and Exchange Board Of India (Issue of Capital and Disclosure Requirements) (Third Amendment) Regulations, 2016

THE GAZETTE OF INDIA EXTRAORDINARY PART – III – SECTION 4 PUBLISHED BY AUTHORITY NEW DELHI,May 25, 2016 SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the 25th May, 2016 SECURITIES AND EXCHANGE BOARD OF INDIA(ISSUE OF CAPITAL AND DISCLOSURE REQUIREMENTS) (THIRD AMENDMENT) REGULATIONS, 2016 No.SEBI/ LAD-NRO/GN/2016-17/003.─In exercise of the powers conferred under section 30… Read More

SEBI (Substantial Acquisition of Shares and Takeovers) (Second Amendment) Regulations, 2016

THE GAZETTE OF INDIA EXTRAORDINARY PART – III – SECTION 4 PUBLISHED BY AUTHORITY NEW DELHI, May 25, 2016 SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the 25th May, 2016 SECURITIES AND EXCHANGE BOARD OF INDIA (SUBSTANTIAL ACQUISITION OF SHARES AND TAKEOVERS) (SECOND AMENDMENT) REGULATIONS, 2016 No.SEBI/ LAD-NRO/GN/2016-17/002.─In exercise of the powers conferred under… Read More

SEBI (Listing Obligations and Disclosure Requirements) (Amendment) Regulations, 2016

THE GAZETTE OF INDIA EXTRAORDINARY PART – III – SECTION 4 PUBLISHED BY AUTHORITY NEW DELHI, May 25,2016 SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the25thMay, 2016 SECURITIES AND EXCHANGE BOARD OF INDIA (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) (AMENDMENT) REGULATIONS, 2016 No.SEBI/ LAD-NRO/GN/2016-17/001.─In exercise of the powers conferred by section 11, sub section (2)… Read More

Disclosure of the Impact of Audit Qualifications by the Listed Entities

CIRCULAR CIR/CFD/CMD/56/2016 May 27, 2016 To All Listed Entities All Recognized Stock Exchanges Dear Madam / Sir, Sub.: Disclosure of the Impact of Audit Qualifications by the Listed Entities 1. SEBI has put in place a mechanism to review the audit qualifications contained in the audit reports of the listed entities. The detailed procedure for… Read More