SEBI extends timeline to send financial statements to security holders
It has been decided to relax, up to September 30, 2024, the requirements of sending financial statements to holders of non convertible securities who have not so registered.
BSE SOP for seeking SEBI’s No Objection Certificate (NOC) for draft scheme of arrangement
BSE has published revised SEBI Standard Operating Procedure (SOP) under Regulation 37 and 59A of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015. This SOP outlines the steps that listed entities must follow when seeking SEBI’s No Objection Certificate (NOC) for their draft scheme of arrangement.
Centralized mechanism for reporting the demise of an investor through KRAs
Once the KRA flags an investor’s KYC as “Blocked Permanently,” all intermediaries must immediately block debit transactions in the investor’s account and notify the notifier or nominee about the transmission procedure. In case of transaction requests in accounts flagged as “On Hold,” additional due diligence, such as video calls or in-person verification, is required.
SEBI has provided extension of timeline for verification of market rumors by listed entities
It has been decided to extend the effective date of implementation of the proviso to regulation 30(11) of the LODR Regulations for top 100 listed entities by market capitalization, to February1, 2024 and for top 250 listed entities by market capitalization, to August 1, 2024.
SEBI has extended the timeline for nomination of mutual fund holders
Upon failure to provide or opt out of nomination, the folios of unit holders shall be frozen with effect from January 01, 2024 instead of September 30, 2023.
Master Circular for Merchant Bankers Registered with SEBI
With effect from July 01, 1998, a merchant banker shall undertake only those activities which are relating to securities market and which do not require registration/granted exemption from registration as an NBFC from RBI.
SEBI clarifications regarding Redressal of investor grievances through the SEBI Complaint Redressal (SCORES) Platform and linking it to Online Dispute Resolution platform
All Entities shall review the investors’ grievances redressal mechanism from time to time to further strengthen it and rectify the existing shortcomings. All Entities who are in receipt of the complaints of the investors (“Complaint”) through SCORES, shall resolve the complaint within 21 calendar days of receipt of such Complaint.
22nd SEBI Board meeting Report
SEBI approved amendments to streamline the process of handling unclaimed amounts of investors in listed entities (excluding companies, REITs, and InvITs) and facilitating refunds from the Investor Protection and Education Fund (IPEF).
Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Fourth Amendment) Regulations, 2023
A listed entity that proposes to list the non-convertible debt securities on the stock exchange(s) on or after January 1, 2024, shall list all outstanding unlisted non-convertible debt securities previously issued on or after January 1, 2024, on the stock exchange(s) within three months from the date of the listing of the non-convertible debt securities proposed to be listed.
NSE cautions against schemes with assured/guaranteed returns on investment in forex market
NSE has cautioned Investors about person named “Ankit Kumar” associated with entity named “Live Forex” operating through mobile number “8018388453” and website “www.liveforex.uk” and application “play.google.com/store/apps/details?id=com.live.forex” is providing assured/guaranteed returns on investment in forex market.
