Securities and Exchange Board of India (Merchant Bankers) (Amendment) Regulations, 2021
The amendment provides that every merchant banker acting as an underwriter shall enter into an agreement with each body corporate on whose behalf it is acting as an underwriter.
Prudential Guidelines for Bilateral Netting of Qualified Financial Contracts
The amended guidelines in the light of The Bilateral Netting of Qualified Financial Contracts Act, 2020 has notified (a) “derivatives”; and (b) “repo” and “reverse repo” transactions as defined Reserve Bank of India Act, 1934 as a QFC.
The Securities and Exchange Board of India (Stock Brokers) (Amendment) Regulations, 2021.
Every stock broker holding a valid certificate of registration shall be entitled to act as an underwrite and shall enter into a valid agreement with the body corporation whose behalf it is acting as underwriter and shall abide by the regulations made under the Act in respect of the activities carried on by it as underwriter.
SEBI issues guidelines pertaining to surrender of FPI Registration.
DDP shall ensure that all the accounts (including bank account and securities account) held by the applicant in the capacity of FPI are closed and the CP code is deactivated within 10 working days from the date of receipt of NOC from SEBI.
The Faceless Appeal (Amendment) Scheme, 2021.
The Amendment is brought under paragraph 2 which has defined the term National Faceless Assessment Centre which means the National e-Assessment Centre set up under the scheme notified under sub-section (3A) of section 143 of the Act or the National Faceless Assessment Centre referred to in section 144B of the Act, as the case may be.
SEBI decides to reduce the timeline for refunding investors’ money.
SEBI has decided to reduce the timelines for refund of investors’ money to four days in case of non-receipt of minimum subscription and the issuer failing to obtain listing or trading permission from the stock exchanges.
The Finance Act, 2021.
The Act has provided an explanation to include any of the following activities for the transaction to be considered as the online sale of goods and online provision of services – acceptance of offer for sale, placing of a purchase order, acceptance of purchase order, and payment of consideration, supply of goods or provision of services.
SEBI notifies new registration system for the transfer of company through intermediaries.
Sebi has clarified that the transferee will have to obtain fresh registration from the regulator in the same capacity before the transfer of business if it is not registered with SEBI.
SEBI Board meeting approves to amend major regulations.
The Board has approved the proposals with respect to framework of Innovators Growth platform (IGP) under SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.
SEBI issues clarification on transfer of shareholding among immediate relatives and transmission of shareholdings.
SEBI issues clarification on change in control criteria for market intermediaries and requirement for seeking its prior approval.
