SEBI issues Code of Conduct & Institutional mechanism for prevention of Fraud or Market Abuse.
The market infrastructure institutions shall formulate a Code of Conduct to regulate, monitor and report trading by their designated persons and immediate relative of designated persons towards achieving compliance with the PIT Regulations, by adopting the minimum standards set out in Schedule C to the PIT Regulations.
RBI Relaxes norms for Investment by Foreign Portfolio Investors (FPI) in Defaulted Bonds
RBI has decided to exempt investments by FPI in NCDs/bonds which are under default, either fully or partly, in the repayment of principal on maturity or principal instalment in the case of amortising bond from the minimum residual maturity requirement, short-term investment limit and the investor limit.
SEBI Master Circular on Surveillance of Securities Market
The securities of all companies shall be traded in the normal segment of the exchange if and only if, the company has achieved at least 50% of non-promoters holding in dematerialized form by October 31st 2010. While computing the requirement of minimum 50% shareholding of non- promoters in demat form in a company, the government holding in non-promoter category may be excluded.
Consultation paper on Review of Regulatory Provisions related to Independent Directors
It is proposed that KMPs or employees of \promoter group companies, cannot be appointed as Independent Directors in the company, unless there has been a cooling-off period of 3 years. The said restriction shall also extend to relatives of such KMPs for the same period. The prescribed cooling-off period for eligibility condition shall be harmonized to 3 years.
RBI extends the time to make application for authorization as a pan-India umbrella entity for retail payments
RBI has extended the time to make application for authorization as a pan-India umbrella entity for retail payments as per the framework for authorization of pan-India Umbrella Entity for retail payments on August 18, 2020 till March 31, 2021.
SEBI extends the facility to conduct meetings of REITs and InvITs through video conferencing.
The Annual meetings of unitholders shall be conducted till 31st December 2021 and for meetings others than annual meeting of unitholders shall be conducted till 30th June 2021.
Any entity is permitted to provide custodial services by establishing a subsidiary at GIFT-IFSC
Any entity shall be permitted to provide custodial services by establishing a subsidiary at GIFT-IFSC. The subsidiary established shall be subject to prior approval by the Authority.
SEBI introduces pre-expiry margin on commodities under ARMF.
Sebi had prescribed an ARMF that would be applicable in case of near-zero and/ or negative prices for any underlying commodities/futures and in case of these contracts, pre-expiry margins shall be levied during the last five trading days prior to expiry date, wherein they shall increase by 5% every day.
Decisions taken by SEBI in their Board Meeting.
s per the Sebi release, “Issuers shall be required to achieve at least 10 percent public shareholding in two years and at least 25 percent public shareholding within five years from the date of listing.”
NSE extends the due date for refund of SEBI sub-broker fees.
The National Stock Exchange of India Limited on 15th February 2021 has extended the last date for submission of complete documents for refund of SEBI-Sub broker fees till 26th February 2021 and has advised the members who have not yet made their submission to ensure that they submit the same on or before February 26, […]
