SECURITIES AND EXCHANGE BOARD OF INDIA (ISSUE OF CAPITAL AND DISCLOSURE REQUIREMENTS) (THIRD AMENDMENT) REGULATIONS, 2016
Securities and Exchange Board of India (SEBI), vide Circular No. SEBI/ LAD-NRO/GN/2016-17/003 dated 25/05/2016, the following regulations amended: After Sub regulation 2 (Zm) the following shall be inserted namely: “(zn) “wilful defaulter” means an issuer who is categorized as a wilful defaulter by any bank or financial institution or consortium thereof, in accordance with the guidelines […]
SEBI (SUBSTANTIAL ACQUISITION OF SHARES AND TAKEOVERS) ( SECOND AMENDMENT) REGULATIONS, 2016
SEBI vide Notification No. SEBI/LAD-NRO/GN/2016-17/002 dated 25/05/2016 issued the Securities And Exchange Board of India (Substantial Acquisition of Shares and Takeovers) (Second Amendment) Regulations, 2016, thereby inserting 1) clause (ze) in Sub – Regulation (1) of the Regulation 2, i.e. definition of “Wilful Defaulter” and 2) Regulation 6A restricting wilful defaulter to make public announcement of […]
SECURITIES AND EXCHANGE BOARD OF INDIA (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) (AMENDMENT) REGULATIONS, 2016
Securities and Exchange Board of India (SEBI), vide Circular No. SEBI/ LAD-NRO/GN/2016-17/001 dated 25/05/2016, the following regulations amended: Regulation 33: Financial Results; Regulation 34: Annual Report; Regulation 52: Financial Results; Regulation 53: Annual Report; Regulation 95: Statement on Impact of Audit Qualifications accompanying Annual Audit Report; Schedule IV: Part A: Disclosures In Financial Results Schedule VIII: […]
Procedure to deal with cases prior to April 01, 2014 involving offer / allotment of securities to more than 49 and up to 200 investors in a financial year
Securities and Exchange Board of India (SEBI), vide Circular No. CFD/DIL3/CIR/P/2016/53 dated 03/05/2016, has conveyed its decision that the certification required from an Independent Peer Reviewed Practicing Chartered Accountant as per the Circular No. SEBI_Circular No. CIR-CFD-DIL3-18-2015_31.12.2015 may now also be obtained from an Independent Peer Reviewed Practicing Company Secretary. The said Circular is available at the […]
Revised Formats under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
Securities and Exchange Board of India (SEBI), vide Circular No. SEBI/HO/CFD/DCR1/CIR/P/2016/52 dated 02/05/2016 has revised formats under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Under Chapter V of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, disclosure requirements have been prescribed upon happening of certain changes in Shareholding, like in respect of acquisition made […]
Clarification regarding applicability of Indian Accounting Standards to disclosures in offer documents under SEBI (ICDR) Regulations, 2009
SEBI vide Circular No. SEBI/HO/CFD/DIL/CIR/P/2016/47 dated 31/03/2016 has clarified the applicability of Indian Accounting Standards to disclosures in offer documents under SEBI (ICDR) Regulations, 2009 This circular is applicable for all the companies which are required to disclose the financial information in accordance with Ind AS as per MCA roadmap and whose offer document is filed with the Board on or after […]
SEBI (SUBSTANTIAL ACQUISITION OF SHARES AND TAKEOVERS) (AMENDMENT) REGULATIONS, 2016
SEBI vide Notification No. SEBI/LAD-NRO/GN/2015-16/035 dated 17/02/2016 issued the Securities And Exchange Board Of India (Substantial Acquisition Of Shares And Takeovers) (Amendment) Regulations, 2016, Thereby inserting, Sub – Regulation (4) of the Regulation 3 as “Nothing contained in the regulation shall apply to acquisition of shares or voting rights of a company by the promoters or […]
SEBI (ISSUE OF CAPITAL AND DISCLOSURE REQUIREMENTS) (SECOND AMENDMENT) REGULATIONS, 2016
SEBI vide Notification No. SEBI/LAD-NRO/GN/2015-16/036 dated 17/02/2016 issued the Securities And Exchange Board Of India (Issue Of Capital And Disclosure Requirements) (Second Amendment) Regulations, 2016, Thereby inserting “Chapter VI-A conditions and manner of providing exit opportunity to dissenting shareholders” in terms of section 13(8) and section 27(2) of the Companies Act, 2013. The said Amended Regulation can […]
SEBI (ICDR) (Amendment) Regulations, 2016
SEBI on 21st January, 2016, issued a Notification No. SEBI/LAD-NRO/GN/2015-16/031, the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009 Thereby inserting the clause (9) in schedule X – Facilities Or Services Included In The Term “Infrastructure Sector” (9) “services provided by recognised stock exchanges and registered depositories, in relation to securities;” Items (9) and (10) […]
SEBI (Delisting of Equity Shares) (Amendment) Regulations, 2016
SEBI vide Notification No. SEBI/LAD-NRO/GN/2015-16/30 dated 12/01/2016 issued the SEBI (Delisting of Equity Shares) (Amendment) Regulations, 2016 where by it substituted to Regulation 27(1) (b) & 27 (3) (c). The Amendment text of the said Regulation 27 is reproduced hereunder: Regulation 27: Special provisions in case of small companies: (I) “(1) (b) the number of equity […]