The Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Amendment) Regulations, 2022.
As per regulation 17(1C) the listed entity shall ensure that approval of shareholders for appointment of a person on the Board of Director is taken at the next general meeting or within a time period of three months from the date of appointment, whichever is earlier”
The Securities and Exchange Board of India (Mutual Funds) (Amendment) Regulations, 2022.
As per regulation 50(1A) The financial statements and accounts of the mutual fund schemes shall be prepared in accordance with Indian Accounting Standards (IND AS) and any addendum thereto, as notified by the Companies (Indian Accounting Standards) Rules, 2015, as amended from time to time:
Provided that in case there is any conflict between the requirements of IND AS and these regulations and guidelines issued thereunder, the asset management companies shall follow the requirements specified under these regulations.
SEBI issues circular on issuance of Securities in dematerialized form in case of Investor Service Requests.
Securities holder/claimant shall submit duly filled up Form ISR-4. The RTA/Issuer Companies shall obtain the original securities certificate(s) for processing of service requests.
The Securities and Exchange Board of India (Alternative Investment Funds) (Amendment) Regulations, 2022.
As per the amendment, a new chapter III-B has been notified on Special Situation Funds which shall be applicable to special situation funds and schemes launched by such special situation funds.
Securities and Exchange Board of India (Credit Rating Agencies) (Amendment) Regulations, 2022.
Nothing contained in these regulations shall preclude a credit rating agency from rating of financial instruments under the respective guidelines of a financial sector regulator or any authority as may be specified by the Board.
SEBI launches mobile app Saa₹Thi for Investor Education.
The app will cater largely to individual investors, who have recently entered the markets and carry out trading via their mobile phones. The App is currently available in Hindi and English.
Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) (Amendment) Regulations, 2022
If the issuer or the promoter or the promoter group or the director of the issuer has settled any alleged violations of securities laws through the settlement mechanism of the Board in the past three years immediately preceding the reference date, then the disclosure of such compliance of the settlement order, shall be made in the offer document.
Securities and Exchange Board of India (Settlement Proceedings) (Amendment) Regulations, 2022
While arriving at the settlement terms, the IC or HPAC or Panel of WTMs may take into consideration any relevant factor as may be submitted by the applicant including the annual income of the applicant, the past and present trading pattern, including the frequency and quantum of trades. Serious violations may also result in additional terms such as disgorgement of management fee or any other terms as may be decided by the IC, HPAC or the Panel of WTMs.
The Securities and Exchange Board of India (Foreign Portfolio Investors) (Amendment) Regulations, 2022.
The Amendment has granted relaxation to Foreign Portfolio Investor from Strict Enforcement of SEBI (Foreign Portfolio Investors) Regulations.
Grant of recognition to CDSL Ventures Limited as an Accreditation Agency under SEBI AIF Regulations
The wholly owned subsidiary of Central Depository Services(India) Limited (CDSL) shall enjoy accreditation for a period of three years. The renewal of the recognition would be subject to satisfactory performance by CVL.
