SEBI - Corporate Law Reporter

SEBI slams fine of Rs. 1 cr for Non-Compliance

SEBI imposes a total fine of Rs. 1 crore, including Rs. 5 lakh on Compliance officer of Suzlon Energy, for failure to disclose the price sensitive information required under the insider trading regulations for several occassions. The violations made by the company pertains to, failure in making certain corporate announcements received by them. The regulator said,… Read More

Strengthening the Guidelines and Raising Industry standards for RTA, Issuer Companies and Banker to an Issue: SEBI

Securities and Exchange Board of India CIRCULAR SEBI/HO/MIRSD/DOP1/CIR/P/2018/73 April 20, 2018 To, All Listed entities (Through Stock Exchanges) All Registered Bankers to an Issue (BTIs), All Registrars to an Issue / Share Transfer Agents (RTAs) acting on behalf of listed entities All Depositories All Recognised Stock Exchanges Dear Sir/Madam, Subject: Strengthening the Guidelines and Raising… Read More

Guidelines for issuance of debt securities by REITs and InvITs

CIRCULAR SEBI/HO/DDHS/DDHS/CIR/P/2018/71 April 13, 2018 To All Real Estate Investment Trusts (REITs) All Infrastructure Investment Trusts (InvITs) All Parties to REITs/InvITs All Stock Exchanges (other than Commodity Exchanges) All Merchant Bankers Dear Sir/Madam, Sub: Guidelines for issuance of debt securities by Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs) 1. SEBI (Real Estate… Read More

Amendment to SEBI (STP Centralised Hub and STP Service Providers) Guidelines, 2004

Securities and Exchange Board of India CIRCULAR SEBI/HO/MIRSD/DOSR1/CIR/P/2018/0000000072 April 17, 2018 To, 1. All Recognised Stock Exchanges, Clearing Corporations and Depositories 2. All recognised Depositories 3. Association of Mutual Funds in India 4. Custodians 5. STP service providers and STP Centralized Hub Dear Sir / Madam, Subject: Amendment to the Securities and Exchange Board of… Read More

Investments by FPIs in Government and Corporate debt securities

CIRCULAR SEBI/IMD/FPIC/CIR/P/2018/70 April 12, 2018 To All Foreign Portfolio Investors through their designated Custodians of Securities The Depositories (NSDL and CDSL) Sir / Madam, Subject: Investments by FPIs in Government and Corporate debt securities 1. RBI in its Fourth Bi-monthly Policy Statement for the year 2015-16, dated September 29, 2015 had announced a Medium Term… Read More

SEBI circular on Performance disclosure post consolidation/ Merger of Schemes

CIRCULAR SEBI/HO/IMD/DF3/CIR/P/2018/69 April 12, 2018 All Mutual Funds/ Asset Management Companies (AMCs)/ Trustee Companies/ Boards of Trustees of Mutual Funds Sir/Madam, Subject: Performance disclosure post consolidation/ Merger of Schemes 1. Reference is drawn to Schedule VI under Regulation 30 of SEBI (Mutual Funds) Regulations, 1996 and SEBI circular dated March 15, 2017 which govern the… Read More

Review of Framework for Stocks in Derivatives Segment: SEBI

CIRCULAR SEBI/HO/MRD/DP/CIR/P/2018/67 April 11, 2018 To, All Stock Exchanges (except Commodity Derivatives Exchanges), Dear Sir/Madam, Sub: Review of Framework for Stocks in Derivatives Segment 1. Please refer to SEBI circular CIR/DNPD/3/2012 dated July 23, 2012 captioned ‘Revision of Eligibility Criteria for Stocks in Derivatives Segment’ and circular CIR/DNPD/4/2010 dated July 15, 2010 captioned ‘Physical Settlement… Read More

Know Your Client Requirements for Foreign Portfolio Investors (FPIs)

CIR/IMD/FPIC/CIR/P/2018/64 April 10, 2018 To, 1. All Foreign Portfolio Investors ("FPIs") through their Designated Depository Participants ("DDPs")/ Custodian of Securities. 2. Designated Depository Participants ("DDPs")/ Custodian of Securities. 3. All Recognized Stock Exchanges 4. The Depositories (NSDL and CDSL) 5. Stock Brokers through Recognized Stock Exchanges 6. Depository Participants through Depositories 7. Mutual Funds 8.… Read More

Clarification on clubbing of investment limits of foreign Government/ foreign Government related entities

CIRCULAR SEBI/HO/IMD/FPIC/CIR/P/2018/66 April 10, 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 Government/ foreign Government related entities 1. SEBI has been monitoring investment by foreign Governments and their related… Read More

Measures to strengthen Algorithmic Trading and Co-location / Proximity Hosting framework

CIRCULAR SEBI/HO/MRD/DP/CIR/P/2018/62 April 09, 2018 To All Stock exchanges (except Commodity Derivatives Exchanges), Dear Sir / Madam, Sub: Measures to strengthen Algorithmic Trading and Co-location / Proximity Hosting framework SEBI, vide circular CIR/MRD/DP/09/2012 dated March 30, 2012 and circular CIR/MRD/DP/16/2013 dated May 21, 2013 put in place the broad guidelines for algorithmic trading in the… Read More

Master Circular For Debenture Trustees (DTs)

MASTER CIRCULAR FOR DEBENTURE TRUSTEES SEBI/ HO/ MIRSD/ DOP2/ CIR/ P/ 2018/ 0000000063 April 09, 2018 To, All Debenture Trustees Dear Sir / Madam, Subject: Master Circular for Debenture Trustees (DTs) Securities and Exchange Board of India (SEBI) has been issuing various circulars/directions from time to time. In order to enable the users to have… Read More

Monitoring of Foreign Investment limits in listed Indian companies

CIRCULAR IMD/FPIC/CIR/P/2018/61 April 05, 2018 To 1. All Foreign Portfolio Investors (through their designated Custodian of Securities) 2. The Depositories (NSDL and CDSL) 3. The Stock Exchanges (BSE,NSE and MSEI) Dear Sir / Madam, Sub: Monitoring of Foreign Investment limits in listed Indian companies 1. Foreign Investment in India is regulated in terms of clause… Read More

SEBI circular on empanelment of system auditors for algorithmic trading in commodity derivatives

CIRCULAR SEBI/HO/CDMRD/DRMP/CIR/P/2018/60 April 03, 2018 To, The Managing Directors / Chief Executive Officers National Commodity Derivatives Exchanges Sir / Madam, Sub: Orders per second limit and requirement of empanelment of system auditors for algorithmic trading in commodity derivatives 1. Vide circular SEBI/HO/CDMRD/DMP/CIR/P/2016/97 dated September 27, 2016, SEBI had issued broad guidelines on algorithmic trading for… Read More