1. Change in Government Debt Investment Limits. The present debt investment limits available for Foreign Portfolio Investments (FPIs) in Government securities (G-Secs) include a USD 20 billion limit for all FPIs and another USD 10 billion limit for Long Term FPIs. While the USD 20 billion limit has been fully utilized, the USD 10 billion …
Circulars: Circular on extension of timeline on alignment of employee benefit scheme with SEBI (ESOS and ESPS) Guidelines, 1999 SEBI has issued a circular CIR/CFD/POLICYCELL/3/2014 dated 27th June, 2014. SEBI Board has approved certain proposals for framing a new set of regulations concerning employee benefit schemes dealing in shares of the company. The new regulations …
CIR/MRD/DSA/18/2014: Circular on Companies exclusively listed on De-recognized /Non-operational Stock Exchanges – 22nd May, 2014 1.SEBI vide circular dated May 30, 2012 (Exit Circular) issued guidelines in respect of exit options to stock exchanges. In terms of these guidelines, if the stock exchange is not able to achieve the prescribed turnover of Rs 1000 Crore …
Corporate Governance in listed entities – Amendments to Clauses 35B and 49 of the Equity Listing Agreement. Securities Exchange Board of India vide Circular No. CIR/CFD/POLICY CELL/2/2014, dated April 17, 2014 has amended clause 35B and 49 of Listing agreement in order to align with the provisions of the Companies Act, 2013, adopt best practices …
Format for Auditors’ Certificate required under Clause 24(i) of the Equity Listing Agreement The Securities and Exchange Board of India has through Circular No . CIR/CFD/DIL/1/2014 dated March 25, 2014 prescribed a standard format for Auditors’ Certificate, which is required to be filed by the Company while filing for approval of any draft Scheme of …
FII/QFI investments in Commercial Papers SEBI circular CIR/IMD/FIIC/6/2013 dated April 01, 2013, SEBI had permitted FIIs and QFIs to invest upto US$ 3.5 billion in Commercial Papers within the Corporate Debt limit of US$ 51 billion. Pursuant to the RBI circular reducing the existing sub-limit for FII/QFI investment in Commercial Papers from USD 3.5 billion …
Rationalization of Periodic Call Auction for Illiquid Scrips SEBI had vide circular no CIR/MRD/DP/ 6/2013 dated February 14, 2013 issued guidelines for trading in the illiquid scripts through Periodic Call Auction session. After introduction of periodic call auction framework, representations had been received from market participants regarding the aforesaid circular. The issues raised by market …
Compliance with the provisions of Equity Listing Agreement by listed companies-Monitoring by Stock Exchanges: Sebi has vide its Circular CIR/CFD/POLICYCELL/13/2013 dated 18th November, 2013 raised concerns that even though listed companies make disclosures to Stock Exchanges within the timeframe stipulated under the Listing Agreement; the contents of the disclosures made by such companies are not …
Issues pertaining to primary issuance of debt securities – Amendment to Simplified Debt Listing Agreement SEBI has decided to implement the following measures for the development of Corporate Bond Market. This decision has been taken consequent to its discussion with issuers and various other market participants and has been circulated vide Circular No CIR/IMD/DF/18/2013 dated …
Amendment to bye-laws of recognised stock exchanges with respect to non-compliance of certain listing conditions and adopting Standard Operating Procedure for suspension and revocation of trading of shares of listed entities for such non compliances. SEBI vide its circular CIR/MRD/ DSA / 31 /2013 dated September 30, 2013 has decided to streamline the processes and …
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