The Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Sixth Amendment) Regulations, 2022.
The listed entity as notified under regulation 52(7), shall submit to the stock exchange(s), along with the quarterly financial results, a statement indicating the utilisation of the issue proceeds of nonconvertible securities, in such format as may be specified by the Board, till such proceeds of the issue have been fully utilised or the purpose for which the proceeds were raised has been achieved.”
NSE issues circular on Maintenance and Operation of Clearing Bank Account.
Annexure 1 notifies the format for authorisation letter to be submitted by The Member to The Clearing Bank for the Operation of the Clearing Account and Annexure 2 deals with the Account Confirmation Letter from Clearing Bank to Clearing Member, annexure 3 specifies the Format for NOC from Clearing Bank to Clearing Member for Change of Bank.
SEBI issues circular on Handling of Clients’ Securities by Trading Members(TM) / Clearing Members (CM).
All the securities received in pay-out, shall be transferred to the demat account of the respective clients directly from the pool account of the TM/CM within one working day of the pay-out
SEBI Committee report on Strengthening Governance of Market Infrastructure Institutions
Public comments on the recommendations of the Committee may be submitted to SEBI by November 30, 2022.
SEBI mandates intimation of particulars of fee paid for issue and listing
The SEBI vide circular dated November 10, 2022 has revised the Operational Circular for issue and listing of Non-convertible Securities, Securitised Debt Instruments, Security Receipts, Municipal Debt Securities and Commercial Paper to mandate the same.
Minimum shareholding requirements for sponsor group(s) of a Real Estate Investment Trust
The sponsor(s) and sponsor group(s) of a Real Estate Investment Trust(REIT) shall collectively hold a minimum of fifteen percent of the total units of the REIT for a period of at least three years from the date of listing of such units pursuant to initial offer on a post-issue basis.
InvITs failing to offer units prohibited from making private placement of unlisted shares
The amendment shall come into force on January 1, 2023.
The Securities and Exchange Board of India (Issue and Listing of Non convertible Securities) (Second Amendment) Regulations, 2022.
A person acting as an online bond platform provider without the certificate of registration on or prior to the date of this regulation coming into force, may continue to do so for a period of three months from the date of this regulation coming into force or such other time period as may be specified by the Board, or if it has made an application for grant of a certificate of registration within the specified period, till the disposal of such application by the Board
Revise pricing mechanism for acquisition of shares and control of a PSU
SEBI vide notification dated 9th November, 2022 has issued the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) (Amendment) Regulations, 2022 to revise the pricing mechanism for acquisition of shares and control of a PSU.
SEBI notifies circular on the redressal of investor grievances through the SEBI Complaints Redress System (SCORES) platform.
SEBI launched a centralized web based complaints redress system ‘SCORES’ in June 2011. The purpose of SCORES is to provide an administrative platform for aggrieved investors, whose grievances, pertaining to the securities market, remain unresolved by the concerned listed company, registered intermediary or recognized market infrastructure institutions (MIIs).
