Category: SEBI
Additional Penalty for Repeated Delivery Default by a seller/buyer to be imposed @ 3 % of the value of the delivery default SEBI had stipulated delivery default norms vide Circular SEBI/HO/CDMRD/DRMP/CIR/P/2021/35 dated March 23, 2021. In order to put in place a suitable deterrent mechanism to address instances …
Platform for Security & Covenant Monitoring using Distributed Ledger Technology – SEBI SEBI announces platform for Security and Covenant Monitoring using Distributed Ledger Technology hosted by Depositories shall be developed. SEBI has outlined the process of independent ‘due diligence’ by debenture trustee(s) on assets of an Issuer company …
Tendering of shares in open offers, buybacks and delisting offers by marking lien in the demat account of the shareholders. SEBI provides marking lien in the demat account of the shareholders in tendering of shares in open offers, buybacks and delisting offers by SEBI has provided a mechanism …
Listed entities to disclose shareholding pattern into promoters & promoter group separately – SEBI SEBI has mandated that Listed entities shall disclose shareholding pattern into promoters & promoter group separately Under Regulation 31(4) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“LODR …
SEBI Permits non-scheduled Payments Banks to register as Bankers to an Issue SEBI vide notification dated July 30, 2021, amended the SEBI (Bankers to an Issue) Regulations, 1994 (BTI Regulations) and permitted such specified other banking company to carry out the activities of Bankers to an Issue (BTI), …
SEBI extends timeline for holding AGM by top-100 listed entities  Regulation 44(5) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 (LODR) requires top 100 listed entities by market capitalization to hold their AGM within a period of five months from the date of closing of …
Supreme Court lays down guidelines for Compounding of Offences u/s 24 of SEBI Act by Securities Appellate Tribunal (SAT) and Trial Courts Important case law relied referred:JIK Industries Limited vs Amarlal v. Jumani ABCAUS Case Law CitationABCAUS 3535 (2021) (07) SC The appellant was a director and promoter …
SEBI mandates nomination for Eligible Trading and Demat Account for new and existing account holders Section 73 of Companies Act, 2013 provides for nomination by a holder of securities. SEBI has issued guidelines for nomination for Eligible Trading and Demat Account. Investors opening new trading and or demat …
SEBI introduces framework for segregation & monitoring of collateral at client level to reduce risk of misappropriation of clients securities  Segregation and Monitoring of Collateral at Client Level SEBI, vide circular no. SEBI/HO/MIRSD/DOP/CIR/P/2020/28 dated February 25, 2020,put in place a framework of ‘Margin obligations to be given …
SEBI relaxes current timelines of 15th July 2021 for compliance with regulatory requirements by Debenture Trustees due to Covid-19 In view of the situation arising due to Covid-19 pandemic, SEBI had earlier provided relaxations in timelines for compliance with certain regulatory provisions of SEBI Circular No. SEBI/HO/MIRSD/CRADT/CIR/P/2020/230 dated …
