General Order – SEBI (Framework for Rejection Of Draft Offer Documents) Order, 2012: SEBI has, vide General Order dated October 9, 2012, notified the framework for rejection of draft offer documents filed with the Board. Public issues in electronic form and use of nationwide broker network of Stock Exchanges for submitting application forms – SEBI has …
Addendum to Circular No. CIR/MRD/DP/21/2012 dated August 2, 2012: SEBI had issued a circular in August, 2012 regarding the activation of ISIN in case of additional issue of shares/ securities. In partial modification of Point 3 & 5 of the circular CIR/MRD/DP/21/2012 dated August 02, 2012, SEBI has now vide its circular CIR/MRD/DP/ 24 /2012 …
Manner of achieving minimum public shareholding requirements in terms of SCRR, 1957– SEBI has with a view to facilitate listed entities to comply with the minimum public shareholding requirements within the time specified in Securities Contracts (Regulation) Rules, 1957 (“SCRR, 1957”), allowed the following additional methods:- Rights Issues to public shareholders, with promoters/promoter group shareholders …
Securities and Exchange Board of India (SEBI) vide Cir/ISD/ 3/2011 dated 17th June, 2011 has made dematerialization of Promoter’s shares in all the listed companies mandatory, in order to improve transparency in the dealings of shares by promoters including pledge / usage as collateral. In order to trade the Companies Securities in normal segment, all the listed Companies have to achieve 100% …
SEBI has notified the Securities and Exchange Board of India (Public offer and Listing of Securitised Debt Instruments) Regulations, 2008. The regulations provide for a framework for issuance and listing of securitized debt instruments by a special purpose distinct entity(SPDE) and has issued the Listing Agreement for Securitized Debt Instruments shall come into force with immediate effect. Listing of securitized …
Listing Agreement for Securitized Debt Instruments Read More »
SEBI passed an Order dated March 11, 2011 in the matter of Pyramid Saimira Theatre Ltd. (PSTL) restraining Mr. K. S. Kasiraman, Mr. K. Natarahjan and Mr. G. Ramakrishnan from being an independent director or a member of audit committee of any listed company for a period of two years from March 11, 2011 for inflating its profits and revenues by …
The Government of India (Ministry of Labour and Employment) vide their Circular dated 17th March, 2011 under Employees Provident Fund Scheme, 1952, has declared the new Rate of Interest on Employees Provident Fund Members Account @9.5% per annum. The rate will be applicable only for the F.Y. 2010–2011.
Don’t miss our future updates! Get Subscribed Today!