Securities and Exchange Board of India (Buy-Back of Securities) (Amendment) Regulations, 2024
The amendment provides that the effect on the price of the equity shares of the company due to material price movement and confirmation of reported event or information may be excluded for determination of the volume weighted average market price and lower end of the price range for buy back offers.
Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) (Amendment) Regulations, 2024
The amendment provides that the effect on the price of the equity shares of the target company due to material price movement and confirmation of reported event or information may be excluded as per the framework for determination of the offer price under this regulation. Further, the effect on the price of the listed equity shares, which are offered as consideration, due to material price movement and confirmation of reported event or information may be excluded as per the framework for determination of the price of equity shares under this regulation.
Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Amendment) Regulations, 2024
The amendment provides that applicability of the provisions of these regulations to a listed entity on the basis of market capitalization shall be determined based on ranking.
Master Circular for Credit Rating Agencies
In case a CRA holds multiple registrations with SEBI, it shall make only one application to SEBI addressed to “Chief General Manager, DDHS, SEBI”. The prior approval granted by SEBI shall be valid for a period of 180 days from the date of communication.
SEBI Consultation paper on facilitating investments by Indian Mutual Funds in such overseas funds that invest certain portion of their assets in Indian securities
Public Comments on this Consultation Paper should be submitted latest by June 07, 2024.
NSE Reminder for Submission of Half Yearly Internal Audit Report by Clearing Members for the half year ended March 31, 2024
The clearing members shall comply with the regulatory requirements to avoid any penalties/disciplinary actions for late/non-submission of the Internal Audit Report.
MCA extends last date for filing of LLP BEN-2 and LLP Form No. 4D
Keeping in view of transition of MCA-21 from version-2 to version-3 and to promote compliance of reporting requirements by Limited Liability partnerships, it is decided by the competent authority that LLPs may file Form LLP BEN-2 and LLP Form No’ 4D, without payment of any further additional fees, up to 01.07.2024.
SEBI revises the process for validation of KYC records by KRAs under Risk Management Framework
It has been decided to simplify the risk management framework.
SEBI has mandated Certification for key investment team of manager of AIF
At least one key personnel, amongst the associated persons functioning in the key investment team of the Manager of an Alternative Investment Fund, shall obtain certification from the National Institute of Securities Market by passing the NISM.
NSE has clarified that vendors providing CaaS facility are required to also submit Vulnerability Assessment and Penetration Testing report
VAPT should be conducted on completion of assessment. Any gaps identified in VAPT should be remedied on immediate basis and status of closure of findings should be submitted to Exchange within 3 months of submission of VAPT report.
