SEBI - Corporate Law Reporter

Amendment of Guidance Note on SEBI (Prohibition of Insider Trading) Regulations, 2015

PR No. 77/2016 Amendment of Guidance Note on SEBI (Prohibition of Insider Trading) Regulations, 2015 Guidance Note on SEBI (Prohibition of Insider Trading) Regulations, 2015 (“PIT Regulations”) was issued on August 24, 2015 under regulation 11 of the PIT Regulations providing guidance to the market to remove certain difficulties in the interpretation or… Read More

SEBI officers discuss agenda for future in the Annual Brainstorming Session

PR No. 76/2016 SEBI officers discuss agenda for future in the Annual Brainstorming Session The fifth edition of the SEBI Brainstorming session was held on April 6-8, 2016 at Khopoli (Lonavala). The event was attended by more than 100 senior SEBI officers including its entire top management i.e., Executive Directors, Whole Time Members and… Read More

FAQs on limits of Secretarial Audit

1. What is the limit for the issue of Secretarial Audit Reports for financial year 2016-17? The Council of the Institute at its 235th meeting held on February 11, 2016 reviewed the existing limits for the issue of Secretarial Audit Reports and decided as below:  10 Secretarial Audits per partner/ PCS, and  an… Read More

Clarification regarding applicability of Indian Accounting Standards to disclosures in offer documents under SEBI (ICDR) Regulations, 2009

CIRCULAR SEBI/HO/CFD/DIL/CIR/P/2016/47 March 31, 2016 To, All Recognized Stock Exchanges All Registered Merchant Bankers Dear Sir/Madam, Sub: Clarification regarding applicability of Indian Accounting Standards to disclosures in offer documents under SEBI (ICDR) Regulations, 2009 1. SEBI (ICDR) Regulations, 2009 require disclosure of financial information for each of the five financial years immediately preceding the filing… Read More

Investments by FPIs in Government securities

CIRCULAR IMD/FPIC/CIR/P/2016/45 March 29, 2016 To All Foreign Portfolio Investors through their designated Custodians of Securities The Depositories (NSDL and CDSL) Sir / Madam, Sub: Investments by FPIs in Government securities 1. RBI in its Fourth Bi-monthly Policy Statement for the year 2015-16, dated September 29, 2015 had announced a Medium Term Framework (MTF) for… Read More

Modification of Client Codes post Execution of Trades on National and Regional Commodity Derivatives Exchanges

CIRCULAR SEBI/HO/CDMRD/DMP/CIR/P/2016/43 March 29, 2016 To, The Managing Directors / Chief Executive Officers of All Commodity Derivatives Exchanges Sir / Madam, Sub: Modification of Client Codes post Execution of Trades on National and Regional Commodity Derivatives Exchanges 1. This circular is issued with an objective to streamline the provisions of the facility of client code… Read More

Cyber Security and Cyber Resilience framework of National Commodity Derivatives Exchanges

CIRCULAR SEBI/HO/CDMRD/DEICE/CIR/P/2016/0000000044 March 29, 2016 To The Managing Directors All National Commodity Derivatives Exchanges Sir/Madam, Subject: Cyber Security and Cyber Resilience framework of National Commodity Derivatives Exchanges 1. Pursuant to Section 131 of the Finance Act, 2015 and Central Government notification F.No. 1/9/SM/2015 dated August 28, 2015, all recognized associations under the Forward Contracts (Regulation)… Read More

PACL-FAQs for Refund

BACKGROUND: 1. PACL Ltd., (PACL) had claimed to have raised/mobilisedliability aggregating to Rs.49000Crore(approx.) from various Collective Investment Schemes (CIS). SEBI vide Order dated August 22, 2014 held that schemes of PACL are in the nature of CIS and inter alia directedto return the monies collected with returns which are due to its ustomersas per terms… Read More

FAQ on Investor Grievances-SCORES

Frequently Asked Questions (FAQ) SCORES SECTION: I (FAQ FOR INVESTORS) Attention: It would be advisable to contact the person or company that is the cause of your complaint directly prior to lodging a complaint in SCORES. 1. Which are the complaints dealt by SEBI? Complaints arising out of issues that are covered under SEBI Act,… Read More

SEBI Circular on Mutual Funds

CIRCULAR SEBI/HO/IMD/DF2/CIR/P/2016/42 March 18, 2016 All Mutual Funds/Asset Management Companies (AMCs)/ Trustee Companies/Boards of Trustees of Mutual Funds Sir/ Madam, Subject: Circular on Mutual Funds A. Consolidated Account Statement: Consolidated Account Statement (CAS), issued to investors in accordance with Regulation 36(4) of SEBI (Mutual Funds) Regulations, 1996 and circulars thereof, at present provides information in… Read More

BSE Releases XBRL Taxonomies in Public Domain

Media Release BSE Releases XBRL Taxonomies in Public Domain Mumbai, Wednesday, 10 March 2016: With a view to making reporting by listed companies to Stock Exchanges more accurate and efficient, BSE had introduced the globally recognized XBRL based reporting for Shareholding Pattern with effect from June 11, 2015 and Financial Results with effect from October… Read More

Securities and Exchange Board of India (International Financial Services Centres) Guidelines, 2015 (IFSC Guidelines) – Inclusion of Commodity Derivatives

CIRCULAR CIR/MRD/DSA/41/2016 March 17, 2016 To All recognised Stock Exchanges/Clearing Corporations/Depositories Dear Sir / Madam, Sub: Securities and Exchange Board of India (International Financial Services Centres) Guidelines, 2015 (IFSC Guidelines) - Inclusion of Commodity Derivatives 1. SEBI (International Financial Services Centres) Guidelines, 2015 were issued on March 27, 2015. 2. Pursuant to Section 131 of… Read More

Investments by FPIs in REITs, InvIts, AIFs and corporate bonds under default

CIRCULAR CIR/IMD/FPIC/39/2016 March 15, 2016 To, 1. All Foreign Portfolio Investors ("FPIs") through their Designated Depository Participants ("DDPs")/ Custodian of Securities. 2. All Recognized Stock Exchanges. 3. The Depositories (NSDL and CDSL). Sir/ Madam, Sub: Investments by FPIs in REITs, InvIts, AIFs and corporate bonds under default. A. REITs, InvIts and AIFs 1. RBI had… Read More