The Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) (Amendment) Regulations, 2021
The amendment provides that while providing reasoned recommendations on the open offer proposal, the independent directors committee of the target company shall disclose the voting pattern of the meeting in which the open offer proposal was discussed.
Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Second Amendment) Regulations, 2021
The amendment provides that Risk Management Committee shall have minimum three members with majority of them being members of the board of directors, including at least one independent director and in case of a listed entity having outstanding SR equity shares, at least two thirds of the
Risk Management Committee shall comprise independent directors.
Securities and Exchange Board of India (Payment of Fees and Mode of Payment) (Amendment) Regulations, 2021
The amendment directs that a stock broker who also acts as a clearing member/self-clearing member shall pay the annual fee separately, by way of direct credit in the bank account through online payment using SEBI payment gateway.
Securities and Exchange Board of India (Alternative Investment Funds) (Second Amendment) Regulations, 2021
The Securities and Exchange Board of India (Alternative Investment Funds) (Second Amendment) Regulations, 2021 has laid down a code of conduct for Alternative Investment Fund, key management personnel of the Alternative Investment Fund, trustee, trustee company, directors of the trustee company, designated partners or directors of the Alternative Investment Fund to abide by.
MCA issues clarification on Spending CSR funds for COVID care infrastructure, establishment of oxygen plants.
Spending of CSR funds for creating health infrastructure for COVID care, establishment of medical oxygen generation and storage plants, manufacturing and supply of oxygen concentrators, ventilators, cylinders and other medical equipment for countering COVID-19 or similar such activities” are eligible CSR activities.
SEBI seeks public comments on the Report Submitted by the Technical Group on Social Stock Exchange.
The Technical Group has suggested a detailed framework for onboarding social enterprises and non-profit organisations on the proposed social stock exchange and has recommended that corporate foundations, political and religious organisations should be made ineligible to raise funds using the SSE mechanism.
MoHFW issues SOP on COVID-19 Vaccination of Persons without prescribed Identity Cards through CoWIN.
Vaccine doses made available through the Government of India channel may be used for vaccination of beneficiaries aged 45 years or more and the vaccine doses procured by the State/UT Government may be used for those aged 18 years to 44 years.
SEBI notifies Special procedure for action on expulsion from membership of the stock exchanges.
A new regulation 30A has been notified which specifies the procedure for action on expulsion from membership of the stock exchange.
The Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) (Second Amendment) Regulations, 2021.
A new sub regulation 4 has been inserted which states that if an issuer has issued SR equity shares to its promoters/ founders, the said issuer shall be allowed to make an initial public offer of only ordinary shares for listing on the Innovators Growth Platform.
