SEBI Consultation Paper on ESG Disclosures, Ratings and Investing
This Consultation Paper seeks public comments on the regulatory framework of ESG Disclosures by listed entities, ESG Ratings in the securities market and ESG Investing by Mutual Funds in order to facilitate balance between transparency, simplification and ease of doing business in an evolving domain.
Consultation Paper on Handling of Client Funds for Portfolio Management Services in IFSCA
IFSCA has proposed to permit client(s) availing the Portfolio Management Services (PMS) to maintain a bank account in IFSC, India or foreign jurisdictions and authorize the FME to operate the same.
NEAPS platform for companies to view all complaints registered against them
NSE has now introduced a new functionality on the NSE Electronic Application Processing System (NEAPS) platform, wherein the listed companies can now view all complaints registered
against them.
SEBI issues Circular on Maintenance of websites by Stock Brokers & Depository Participants
The Securities and Exchange Board of India (SEBI) has issued a Circular on maintenance of websites by stock brokers and depository participants. A designated website brings in transparency and helps the investors to keep themselves well informed about the various activities of the SB/DP. Hence, the stock exchanges and depositories are directed to comply with specified instructions.
SEBI issues Master Circular on Takeover Regulations
The Securities and Exchange Board of India (SEBI) has issued a Master Circular for Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (Takeover Regulations). This Circular was issued on 16th February 2023. Master Circular for Takeover Regulations will enable stakeholders to have access to the provisions of the applicable circulars at one place.
SEBI publishes Issue Summary Document (ISD)
The SEBI vide circular dated February 15, 2023 has issued an Issue Summary Document (ISD) has been designed. It has been decided to introduce the ISD for the following, in XBRL (Extensible Business Reporting Language) format:i. public issue of specified securities (initial public offer / further public offer);ii. further issues {preferential issue, qualified institutions placement (QIP), […]
Securities and Exchange Board of India (Infrastructure Investment Trusts) (Amendment) Regulations, 2023
SEBI on 14th February, 2023 has issued the Securities and Exchange Board of India (Infrastructure Investment Trusts) (Amendment) Regulations, 2023. The amendment provides that “Independent director” in case of a Infrastructure Investment Trust company means a director, other than a nominee director of the investment manager: – (i) who, in the opinion of the Board […]
FAQs on IFSCA (FinTech Incentive) Scheme, 2022
An illustrative list of permissible expenses towards re-imbursement, expenditure category wise, along with acceptable documents under the IFSCA (FinTech Incentive) Scheme, 2022 is provided in the FAQ.
NSE issues Circular on Additional Surveillance Measure under IBC
The Circular states that from 14th February, 2023, the specified securities in Annexure I have satisfied the criteria under ASM for companies as per IBC. Moreover, the specified securities in Annexure II have satisfied the exclusion criteria under ASM for companies as per IBC.
RBI issues an updated Alert List against unauthorised forex trading platforms
It is also reiterated that residents using any means to remit/deposit funds, directly or indirectly, in INR or in any other currency, for undertaking forex transactions for purposes other than those permitted under the FEMA or on ETPs not authorised by the RBI shall render themselves liable for penal action under the provisions of FEMA.
