Securities Exchange Board of India (SEBI)

1. Exclusively listed companies of De-recognized/Non operational/exited Stock Exchanges.

SEBI has issued a circular CIR/MRD/DSA/05/2015 dated 17^th April, 2015 wherein it has clarified that the exclusively listed companies which fail to obtain listing in any other nationwide stock exchange will cease to be a listed company and will be moved to the dissemination board by the existing stock exchange.

However, Listed Companies have been given eighteen month in order to comply with the Circular .

2. Mechanism for acquisition of shares through Stock Exchange pursuant to Tender-Offers under Takeovers, Buy Back and Delisting:

SEBI has issued a circular CIR/CFD/POLICYCELL/1/2015 dated 13^th April, 2015 in which it has intimated the procedure for tendering and settlement of shares through stock exchange.

It shall be applicable to all the impending offers, acquirer/ promoter/ company for which Public Announcement is made on or after July 01, 2015.

3. Revision of limits relating to requirement of underlying exposure for currency derivatives contracts

SEBI has issued a circular CIR/MRD/DP/ 04 /2015 dated 8^th April, 2015 has revised the limits beyond which market participants would be required to establish underlying exposure in the currency derivatives segment.

4. Fine structure for non-compliance with the requirement of Clause 49(II)(A)(1) of Listing Agreement

SEBI has issued a circular CIR/CFD/CMD/1/2015 dated 8^th April, specified the fine slab for Non- compliance.
 

Compliance Status	Fine Structure
Listed entities complying between April 1, 2015 and June 30, 2015	Rs. 50,000/-
Listed entities complying between July 1, 2015 and September 30, 2015	Rs. 50,000 + Rs. 1000/- per day w.e.f. July 1, 2015 till the date of compliance
Listed entities complying on or after October 1, 2015	Rs. 1,42,000/- + Rs. 5000/- per day from October 1, 2015 till the date of compliance