SEBI Master Circular for Investment Advisers
The circular provides the responsibilities of a stock exchange recognized to act as an AASB to supervise investment advisors.
SEBI has issued a Master Circular for Research Analysts
As per the circular, stock Exchanges shall now be recognised entities for administration and supervision of Research Analysts (‘RAs’) and Investment Advisers (‘IAs’) named RAASB- Research Analyst Administration and Supervisory Body IAASB- Investment Adviser Administration and Supervisory Body respectively. In order to ensure efficiency in the system and economies of scale, RAASB and IAASB shall be one and the same stock exchange.
SEBI has issued a consolidated master circular for listing obligations and disclosure requirements
The master circular provides revised formats for submission of financial results to stock exchanges, for their publication in the news paper and for submission of other financial information.
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.
