New Desisting norms SEBI notified 25th march 2015 GAURAV KR SHARMA
The document summarizes amendments made to the Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2009. Key changes include: requiring additional disclosures and due diligence for delisting proposals; restricting trading by promoters/acquirers prior to and during delisting; revising timelines and processes for delisting offers; and modifying requirements for determining the success of a delisting offer. The amendments aim to improve transparency and protect investor interests in delisting of equity shares from stock exchanges in India.
Standardization and Simplification of Procedures for Transmission of SecuritiesGAURAV KR SHARMA
1. The Securities and Exchange Board of India (SEBI) issued a circular modifying the documentary requirements for transmission of securities held in physical mode.
2. The circular simplifies and standardizes the process of transmission to make it more efficient and investor friendly.
3. It modifies clause 2 of Annexure A of an earlier circular regarding documentary requirements based on investor requests and complaints, with the aim of protecting investor interests.
The President of India has given its assent to the Companies (Amendment) Bill, 2019, which further amends the Companies Act, 2013 (the Act). The Companies (Amendment) Bill, 2019 has been now published in the Official Gazette on 31 July 2019 as the Companies (Amendment) Act, 2019 (the
Amendment Act).
The Amendment Act has taken into consideration the amendments that were originally notified in the Companies (Amendment) Ordinance, 2018 which was promulgated by the President on 2 November 2018, and then retained in effect through the Companies (Amendment) Ordinance Act, 2019 and the Companies (Amendment) Second Ordinance, 2019 promulgated by the President on 12 January 2019 and 21 February 2019, respectively.
THE REAL ESTATE (REGULATION AND DEVELOPMENT) ACT, 2016 (RERA) Act with Rules ...Ashok Boghani
This document is an introduction to the Real Estate (Regulation and Development) Act, 2016 in India. It includes:
1) An overview of the contents and structure of the Act, which is divided into 10 chapters covering preliminary aspects, registration requirements, promoter and allottee obligations, functions of regulatory authorities, offences and penalties, and miscellaneous provisions.
2) Definitions of key terms used in the Act such as promoter, allottee, apartment, real estate project, regulatory authorities, and development.
3) Notes on the passage of the Act by Parliament and commencement of provisions by the central government on different dates.
4) The first rule defined for the Maharashtra state which provides
CBDT notification on exemption us 10(38) for LTCG on transfer of equity sharesVispi T. Patel
The Finance Act, 2017 amended section 10(38) of the Income-tax Act, 1961 to provide that, the exemption for income arising on transfer of a long-term capital asset, being an equity share, acquired on or after October 1, 2004 shall be available only if the acquisition of equity share is chargeable to securities transaction tax (STT), subject to certain exceptions as may be notified by the Central Board of Direct Taxes (CBDT), with effect from AY 2018-19.
On April 3, 2017, the CBDT released a press release alongwith a draft notification under section 10(38), providing certain exceptions for genuine cases which were not exigible to STT. After considering comments of various industry stakeholders, the CBDT issued the final notification vide No. 43/2017 dated June 5, 2017 (attached).
The notification has provided the following exceptions where the exemption under section 10(38) would not be available, viz.:
a. acquisition of existing listed equity share through a preferential issue, which are not frequently traded, subject to certain exceptions;
b. acquisition of existing listed equity share which is not entered through a recognised stock exchange of India, subject to certain exceptions;
c. acquisition of equity share of a company during the period between delisting and relisting on a recognised stock exchange.
Thus, certain genuine cases which were not exigible to STT, shall continue to be covered under the exemption under section 10(38), viz.:
o acquisition of shares by way of an IPO, FPO, bonus or
right issue, qualified institutional placements by a listed company,
o acquisition of shares by non-resident in accordance with FDI policy of the Government,
o acquisition of shares by employees under ESOP scheme,
o acquisition of shares in a scheme of amalgamation and merger which are approved by the requisite authority like Court, etc.,
o acquisition of shares in case of takeover as per SEBI regulations,
o acquisition of shares by way of gift, inheritance, etc.
New Desisting norms SEBI notified 25th march 2015 GAURAV KR SHARMA
The document summarizes amendments made to the Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2009. Key changes include: requiring additional disclosures and due diligence for delisting proposals; restricting trading by promoters/acquirers prior to and during delisting; revising timelines and processes for delisting offers; and modifying requirements for determining the success of a delisting offer. The amendments aim to improve transparency and protect investor interests in delisting of equity shares from stock exchanges in India.
Standardization and Simplification of Procedures for Transmission of SecuritiesGAURAV KR SHARMA
1. The Securities and Exchange Board of India (SEBI) issued a circular modifying the documentary requirements for transmission of securities held in physical mode.
2. The circular simplifies and standardizes the process of transmission to make it more efficient and investor friendly.
3. It modifies clause 2 of Annexure A of an earlier circular regarding documentary requirements based on investor requests and complaints, with the aim of protecting investor interests.
The President of India has given its assent to the Companies (Amendment) Bill, 2019, which further amends the Companies Act, 2013 (the Act). The Companies (Amendment) Bill, 2019 has been now published in the Official Gazette on 31 July 2019 as the Companies (Amendment) Act, 2019 (the
Amendment Act).
The Amendment Act has taken into consideration the amendments that were originally notified in the Companies (Amendment) Ordinance, 2018 which was promulgated by the President on 2 November 2018, and then retained in effect through the Companies (Amendment) Ordinance Act, 2019 and the Companies (Amendment) Second Ordinance, 2019 promulgated by the President on 12 January 2019 and 21 February 2019, respectively.
THE REAL ESTATE (REGULATION AND DEVELOPMENT) ACT, 2016 (RERA) Act with Rules ...Ashok Boghani
This document is an introduction to the Real Estate (Regulation and Development) Act, 2016 in India. It includes:
1) An overview of the contents and structure of the Act, which is divided into 10 chapters covering preliminary aspects, registration requirements, promoter and allottee obligations, functions of regulatory authorities, offences and penalties, and miscellaneous provisions.
2) Definitions of key terms used in the Act such as promoter, allottee, apartment, real estate project, regulatory authorities, and development.
3) Notes on the passage of the Act by Parliament and commencement of provisions by the central government on different dates.
4) The first rule defined for the Maharashtra state which provides
CBDT notification on exemption us 10(38) for LTCG on transfer of equity sharesVispi T. Patel
The Finance Act, 2017 amended section 10(38) of the Income-tax Act, 1961 to provide that, the exemption for income arising on transfer of a long-term capital asset, being an equity share, acquired on or after October 1, 2004 shall be available only if the acquisition of equity share is chargeable to securities transaction tax (STT), subject to certain exceptions as may be notified by the Central Board of Direct Taxes (CBDT), with effect from AY 2018-19.
On April 3, 2017, the CBDT released a press release alongwith a draft notification under section 10(38), providing certain exceptions for genuine cases which were not exigible to STT. After considering comments of various industry stakeholders, the CBDT issued the final notification vide No. 43/2017 dated June 5, 2017 (attached).
The notification has provided the following exceptions where the exemption under section 10(38) would not be available, viz.:
a. acquisition of existing listed equity share through a preferential issue, which are not frequently traded, subject to certain exceptions;
b. acquisition of existing listed equity share which is not entered through a recognised stock exchange of India, subject to certain exceptions;
c. acquisition of equity share of a company during the period between delisting and relisting on a recognised stock exchange.
Thus, certain genuine cases which were not exigible to STT, shall continue to be covered under the exemption under section 10(38), viz.:
o acquisition of shares by way of an IPO, FPO, bonus or
right issue, qualified institutional placements by a listed company,
o acquisition of shares by non-resident in accordance with FDI policy of the Government,
o acquisition of shares by employees under ESOP scheme,
o acquisition of shares in a scheme of amalgamation and merger which are approved by the requisite authority like Court, etc.,
o acquisition of shares in case of takeover as per SEBI regulations,
o acquisition of shares by way of gift, inheritance, etc.
This document outlines guidelines for public issues of units by Real Estate Investment Trusts (REITs) in India. Some key points include:
- Appointment of merchant bankers and other intermediaries is required to carry out public issue obligations. Responsibilities must be predetermined if multiple merchant bankers are involved.
- Draft, offer and final offer documents must be filed with SEBI and stock exchanges. Merchant bankers must address all comments and ensure changes are incorporated.
- Allocation in public issues cannot exceed 75% to institutional investors and must be at least 25% to other investors. Up to 60% of the institutional portion can be allocated to anchor investors.
- Application forms and abridged offer documents must
Consultation paper for guidelines for public issue of units of Real Estate In...GAURAV KR SHARMA
The document provides draft guidelines for public issues of units of Real Estate Investment Trusts (REITs) in India. Some key points:
- It seeks public comments on the draft guidelines by January 15, 2016.
- The guidelines specify the process for appointment of merchant bankers, filing of offer documents with SEBI, allocation of units (including up to 60% for anchor investors), application process, security deposit requirements, and opening/subscription periods for public issues of REIT units.
- REITs and their managers must comply with these guidelines for public issues to ensure transparency and investor protection.
This document discusses regulations for small and medium enterprises (SMEs) regarding the issuance of specified securities. Some key points:
- SMEs with post-issue capital up to Rs. 10 crore can issue securities under this chapter. Those between Rs. 10-25 crore may also do so.
- Issues must be 100% underwritten, with underwriters committing to a minimum of 15% of the issue size. Nominated investors can also subscribe to unsubscribed portions.
- The minimum application size cannot be less than Rs. 1 lakh. At least 50 prospective allottees are needed.
- Securities will be listed on SME exchanges. Listed SMEs can
This document discusses regulations for small and medium enterprises (SMEs) regarding the issuance of specified securities. Some key points:
- SMEs with post-issue capital up to Rs. 10 crore can issue securities under this chapter. Those between Rs. 10-25 crore may also choose to do so.
- The issue must be 100% underwritten, with merchant bankers underwriting at least 15%. Nominated investors can agree to subscribe to unsubscribed portions.
- The minimum application size cannot be less than Rs. 1 lakh. At least 50 prospective allottees are needed.
- Securities will be listed on SME exchanges. Listed SMEs can migrate to
The Securities and Exchange Board of India (SEBI) is introducing a simplified and uniform listing agreement across all types of securities and listed entities to replace existing listing agreements. All listed entities must execute the new uniform listing agreement with recognized stock exchanges within six months. The circular also provides the format of the new uniform listing agreement in an annexure.
Onmobile has an open offer from a promoter who will buy 10% for Rs. 47 cr. ($8 million) in February 2014. This is NOT a buyback but one promoter entity buying.
This document outlines requirements for listed entities in India regarding schemes of arrangement, such as mergers and demergers. It discusses obligations of listed entities and stock exchanges with respect to scheme documentation, valuation reports, shareholder approval, and regulatory review and approval. Key requirements include submitting draft schemes and supporting documents to stock exchanges, obtaining necessary approvals including from shareholders, addressing any complaints received, and obtaining observation letters from stock exchanges and comments from the Securities and Exchange Board of India (SEBI). The aim is to ensure schemes are transparent and in compliance with all applicable regulations.
The document outlines the provisions and requirements for registration of stock brokers and sub-brokers in India. It defines key terms like stock broker, sub-broker, and stock exchange. It states that the Securities and Exchange Board of India (SEBI) may grant a certificate to stock brokers if they hold membership in a recognized stock exchange, abide by exchange rules and regulations, and pay requisite fees. SEBI registration for sub-brokers may be granted if they pay fees and are authorized in writing by a stock broker member to assist investors in securities trading.
Delisting refers to removing a company's securities from a stock exchange permanently. Voluntary delisting occurs when a company chooses to delist, while compulsory delisting is imposed by an exchange as a penalty. For voluntary delisting, SEBI guidelines provide an exit mechanism where shareholders can sell their shares back to the company at a price determined by a book building process, with a floor price based on past market prices. If a company remains listed on BSE or NSE after delisting from other exchanges, it does not need to provide an exit offer to shareholders. Demonstrating delivery of delisting offer letters to shareholders, such as by registered mail with delivery records, fulfills regulations regarding informing shareholders if less than 25%
Vishvapradhan Commercial Private Limited, along with AMG Media Networks Limited and Adani Enterprises Limited, is making a mandatory open offer under Indian takeover regulations to acquire up to 26% of shares in New Delhi Television Limited. This offer is triggered by Vishvapradhan acquiring a controlling stake of at least 99.5% in RRPR Holding Private Limited, which itself holds 29.18% of shares in New Delhi Television. The open offer price is INR 294 per share, for a total consideration of up to INR 4,928,183,820 assuming full acceptance. This open offer is not conditional on any minimum level of acceptance by shareholders.
The group is presenting on the listing rules of various stock exchanges in Pakistan. For the Karachi Stock Exchange, key listing rules discussed include preliminary requirements, listing of companies and securities, offering capital to the public, and annual general meeting requirements. For the Lahore Stock Exchange, rules around bid collection, listing of companies, capital offerings, and dividends/entitlements were summarized. For the Islamabad Stock Exchange, the summary restated the short title and applicability of the listing regulations. The presentation was made by five members who each discussed a different exchange's rules.
The notification details rules established by the Securities and Exchange Board of India (SEBI) regarding stock brokers and sub-brokers. It specifies that stock brokers and sub-brokers must hold a certificate granted by SEBI to buy, sell or deal in securities. The rules outline various conditions for granting certificates to stock brokers, including holding membership of a recognized stock exchange, and conditions for granting certificates to sub-brokers, including being authorized in writing by a stock broker. It also states that no stock broker or sub-broker shall engage in securities transactions without SEBI registration.
1) The document outlines guidelines for listed entities that have issued Indian Depository Receipts (IDRs) regarding quarterly holding pattern disclosures, corporate governance reporting, and two-way fungibility of IDRs.
2) Listed entities must file quarterly IDR holding patterns within 15 days of the quarter end using a specified format. They must also submit comparative analyses of corporate governance provisions in home and foreign listing jurisdictions.
3) For two-way fungibility of IDRs, guidelines are provided for future IDR issuances allowing partial conversion after 1 year, and for existing listed IDRs requiring at least annual 25% conversion opportunities for holders.
Format for quarterly holding pattern Indian Depository Receipts (IDRs)GAURAV KR SHARMA
1) The document outlines guidelines for listed entities that have issued Indian Depository Receipts (IDRs) regarding quarterly holding pattern disclosures, corporate governance reporting, and two-way fungibility of IDRs.
2) Listed entities must file quarterly IDR holding patterns within 15 days of the quarter end using a specified format. They must also submit comparative analyses of corporate governance provisions in their home country and other listing jurisdictions.
3) The guidelines provide procedures for partial two-way fungibility of future and existing IDR issuances, including limits on conversion, fungibility windows, and disclosure requirements.
SOP of SEBI for dealing with non-compliances.pptxtaxguruedu
Standard Operating Procedures (SOP) of Securities Exchange Board of India (SEBI) for non-compliances Introduction: In order to ensure effective enforcement of the Listing Regulations, the depositories, on receipt of intimation from the concerned recognized stock exchange, shall freeze or unfreeze, as the case may be, the entire shareholding of the promoter(s) in such non-compliant listed entity as well as all other securities held in the demat account of the promoter(s). Further, if a non-compliant entity is listed on more than one recognized stock exchange, the concerned recognized stock exchanges shall take uniform action under this Circular in consultation with each other.
Listed companies can raise further capital via preferential routes to meet li...GAURAV KR SHARMA
1) SEBI issued guidelines in 2012 and 2014 allowing exclusively listed companies (ELCs) on de-recognized stock exchanges to get listed on nationwide exchanges or opt for voluntary delisting. ELCs that did not comply would be moved to the Dissemination Board (DB).
2) SEBI clarified processes for ELCs on the DB to raise capital to facilitate listing on nationwide exchanges or provide an exit to investors. ELCs must choose one option within 3 months or face actions like promoters barred from securities market for 10 years.
3) Designated stock exchanges will oversee ELCs' compliance and recommend actions against non-compliant companies to protect investors.
The document provides an overview of the primary market mechanism and initial public offering (IPO) process in Bangladesh. It discusses key steps including determining the offering price through fixed price or book-building methods, quota allocations, prospectus requirements, approval process, publication of prospectus, application process, allocation and refund. The summary focuses on the high-level workflow from initial filing to allocation post-approval.
SEBI Circular dated Feb 22, 2018 with regard to manner of achieving minimum p...GAURAV KR SHARMA
The document outlines additional methods allowed by the Securities and Exchange Board of India (SEBI) for listed entities to comply with minimum public shareholding requirements. Specifically:
SEBI will allow open market sale of up to 2% of shares by promoters/promoter groups and allotment of eligible securities through Qualified Institutions Placement. For open market sales, listed entities must announce details in advance and promoters cannot purchase shares on sale dates. SEBI reiterates prior methods and provides a compilation of all allowed methods to achieve minimum public shareholding levels.
IGATE Corporation accepted the delisting offer for its subsidiary Patni Computer Systems from Indian stock exchanges at a price of Rs. 520 per share, determined through a reverse book building process. The total cost for IGATE to delist Patni was Rs. 1,394 crores. The delisting process opening date was March 28, 2012 with a floor price of Rs. 356.74 per share. IGATE owned around 83% of Patni and the successful delisting would allow for a streamlined corporate structure and reduced compliance costs.
Single Master Form introduced for reporting Foreign investment in India.GAURAV KR SHARMA
The Reserve Bank of India will introduce a Single Master Form (SMF) to integrate reporting of foreign investment in India. The SMF will be filed online. It will provide a facility to report total foreign investment in an Indian entity as well as investment in an Investment Vehicle by non-residents. Indian entities must input data on total foreign investment through an online interface available from June 28, 2018 to July 12, 2018. Entities not complying will be non-compliant with foreign exchange laws and regulations. The format of the SMF is provided in the annexures. Commercial banks are asked to inform customers of this new reporting requirement under FEMA.
More Related Content
Similar to SECURITIES AND EXCHANGE BOARD OF INDIA (ISSUE OF CAPITAL AND DISCLOSURE REQUIREMENTS) (SECOND AMENDMENT) REGULATIONS, 2016
This document outlines guidelines for public issues of units by Real Estate Investment Trusts (REITs) in India. Some key points include:
- Appointment of merchant bankers and other intermediaries is required to carry out public issue obligations. Responsibilities must be predetermined if multiple merchant bankers are involved.
- Draft, offer and final offer documents must be filed with SEBI and stock exchanges. Merchant bankers must address all comments and ensure changes are incorporated.
- Allocation in public issues cannot exceed 75% to institutional investors and must be at least 25% to other investors. Up to 60% of the institutional portion can be allocated to anchor investors.
- Application forms and abridged offer documents must
Consultation paper for guidelines for public issue of units of Real Estate In...GAURAV KR SHARMA
The document provides draft guidelines for public issues of units of Real Estate Investment Trusts (REITs) in India. Some key points:
- It seeks public comments on the draft guidelines by January 15, 2016.
- The guidelines specify the process for appointment of merchant bankers, filing of offer documents with SEBI, allocation of units (including up to 60% for anchor investors), application process, security deposit requirements, and opening/subscription periods for public issues of REIT units.
- REITs and their managers must comply with these guidelines for public issues to ensure transparency and investor protection.
This document discusses regulations for small and medium enterprises (SMEs) regarding the issuance of specified securities. Some key points:
- SMEs with post-issue capital up to Rs. 10 crore can issue securities under this chapter. Those between Rs. 10-25 crore may also do so.
- Issues must be 100% underwritten, with underwriters committing to a minimum of 15% of the issue size. Nominated investors can also subscribe to unsubscribed portions.
- The minimum application size cannot be less than Rs. 1 lakh. At least 50 prospective allottees are needed.
- Securities will be listed on SME exchanges. Listed SMEs can
This document discusses regulations for small and medium enterprises (SMEs) regarding the issuance of specified securities. Some key points:
- SMEs with post-issue capital up to Rs. 10 crore can issue securities under this chapter. Those between Rs. 10-25 crore may also choose to do so.
- The issue must be 100% underwritten, with merchant bankers underwriting at least 15%. Nominated investors can agree to subscribe to unsubscribed portions.
- The minimum application size cannot be less than Rs. 1 lakh. At least 50 prospective allottees are needed.
- Securities will be listed on SME exchanges. Listed SMEs can migrate to
The Securities and Exchange Board of India (SEBI) is introducing a simplified and uniform listing agreement across all types of securities and listed entities to replace existing listing agreements. All listed entities must execute the new uniform listing agreement with recognized stock exchanges within six months. The circular also provides the format of the new uniform listing agreement in an annexure.
Onmobile has an open offer from a promoter who will buy 10% for Rs. 47 cr. ($8 million) in February 2014. This is NOT a buyback but one promoter entity buying.
This document outlines requirements for listed entities in India regarding schemes of arrangement, such as mergers and demergers. It discusses obligations of listed entities and stock exchanges with respect to scheme documentation, valuation reports, shareholder approval, and regulatory review and approval. Key requirements include submitting draft schemes and supporting documents to stock exchanges, obtaining necessary approvals including from shareholders, addressing any complaints received, and obtaining observation letters from stock exchanges and comments from the Securities and Exchange Board of India (SEBI). The aim is to ensure schemes are transparent and in compliance with all applicable regulations.
The document outlines the provisions and requirements for registration of stock brokers and sub-brokers in India. It defines key terms like stock broker, sub-broker, and stock exchange. It states that the Securities and Exchange Board of India (SEBI) may grant a certificate to stock brokers if they hold membership in a recognized stock exchange, abide by exchange rules and regulations, and pay requisite fees. SEBI registration for sub-brokers may be granted if they pay fees and are authorized in writing by a stock broker member to assist investors in securities trading.
Delisting refers to removing a company's securities from a stock exchange permanently. Voluntary delisting occurs when a company chooses to delist, while compulsory delisting is imposed by an exchange as a penalty. For voluntary delisting, SEBI guidelines provide an exit mechanism where shareholders can sell their shares back to the company at a price determined by a book building process, with a floor price based on past market prices. If a company remains listed on BSE or NSE after delisting from other exchanges, it does not need to provide an exit offer to shareholders. Demonstrating delivery of delisting offer letters to shareholders, such as by registered mail with delivery records, fulfills regulations regarding informing shareholders if less than 25%
Vishvapradhan Commercial Private Limited, along with AMG Media Networks Limited and Adani Enterprises Limited, is making a mandatory open offer under Indian takeover regulations to acquire up to 26% of shares in New Delhi Television Limited. This offer is triggered by Vishvapradhan acquiring a controlling stake of at least 99.5% in RRPR Holding Private Limited, which itself holds 29.18% of shares in New Delhi Television. The open offer price is INR 294 per share, for a total consideration of up to INR 4,928,183,820 assuming full acceptance. This open offer is not conditional on any minimum level of acceptance by shareholders.
The group is presenting on the listing rules of various stock exchanges in Pakistan. For the Karachi Stock Exchange, key listing rules discussed include preliminary requirements, listing of companies and securities, offering capital to the public, and annual general meeting requirements. For the Lahore Stock Exchange, rules around bid collection, listing of companies, capital offerings, and dividends/entitlements were summarized. For the Islamabad Stock Exchange, the summary restated the short title and applicability of the listing regulations. The presentation was made by five members who each discussed a different exchange's rules.
The notification details rules established by the Securities and Exchange Board of India (SEBI) regarding stock brokers and sub-brokers. It specifies that stock brokers and sub-brokers must hold a certificate granted by SEBI to buy, sell or deal in securities. The rules outline various conditions for granting certificates to stock brokers, including holding membership of a recognized stock exchange, and conditions for granting certificates to sub-brokers, including being authorized in writing by a stock broker. It also states that no stock broker or sub-broker shall engage in securities transactions without SEBI registration.
1) The document outlines guidelines for listed entities that have issued Indian Depository Receipts (IDRs) regarding quarterly holding pattern disclosures, corporate governance reporting, and two-way fungibility of IDRs.
2) Listed entities must file quarterly IDR holding patterns within 15 days of the quarter end using a specified format. They must also submit comparative analyses of corporate governance provisions in home and foreign listing jurisdictions.
3) For two-way fungibility of IDRs, guidelines are provided for future IDR issuances allowing partial conversion after 1 year, and for existing listed IDRs requiring at least annual 25% conversion opportunities for holders.
Format for quarterly holding pattern Indian Depository Receipts (IDRs)GAURAV KR SHARMA
1) The document outlines guidelines for listed entities that have issued Indian Depository Receipts (IDRs) regarding quarterly holding pattern disclosures, corporate governance reporting, and two-way fungibility of IDRs.
2) Listed entities must file quarterly IDR holding patterns within 15 days of the quarter end using a specified format. They must also submit comparative analyses of corporate governance provisions in their home country and other listing jurisdictions.
3) The guidelines provide procedures for partial two-way fungibility of future and existing IDR issuances, including limits on conversion, fungibility windows, and disclosure requirements.
SOP of SEBI for dealing with non-compliances.pptxtaxguruedu
Standard Operating Procedures (SOP) of Securities Exchange Board of India (SEBI) for non-compliances Introduction: In order to ensure effective enforcement of the Listing Regulations, the depositories, on receipt of intimation from the concerned recognized stock exchange, shall freeze or unfreeze, as the case may be, the entire shareholding of the promoter(s) in such non-compliant listed entity as well as all other securities held in the demat account of the promoter(s). Further, if a non-compliant entity is listed on more than one recognized stock exchange, the concerned recognized stock exchanges shall take uniform action under this Circular in consultation with each other.
Listed companies can raise further capital via preferential routes to meet li...GAURAV KR SHARMA
1) SEBI issued guidelines in 2012 and 2014 allowing exclusively listed companies (ELCs) on de-recognized stock exchanges to get listed on nationwide exchanges or opt for voluntary delisting. ELCs that did not comply would be moved to the Dissemination Board (DB).
2) SEBI clarified processes for ELCs on the DB to raise capital to facilitate listing on nationwide exchanges or provide an exit to investors. ELCs must choose one option within 3 months or face actions like promoters barred from securities market for 10 years.
3) Designated stock exchanges will oversee ELCs' compliance and recommend actions against non-compliant companies to protect investors.
The document provides an overview of the primary market mechanism and initial public offering (IPO) process in Bangladesh. It discusses key steps including determining the offering price through fixed price or book-building methods, quota allocations, prospectus requirements, approval process, publication of prospectus, application process, allocation and refund. The summary focuses on the high-level workflow from initial filing to allocation post-approval.
SEBI Circular dated Feb 22, 2018 with regard to manner of achieving minimum p...GAURAV KR SHARMA
The document outlines additional methods allowed by the Securities and Exchange Board of India (SEBI) for listed entities to comply with minimum public shareholding requirements. Specifically:
SEBI will allow open market sale of up to 2% of shares by promoters/promoter groups and allotment of eligible securities through Qualified Institutions Placement. For open market sales, listed entities must announce details in advance and promoters cannot purchase shares on sale dates. SEBI reiterates prior methods and provides a compilation of all allowed methods to achieve minimum public shareholding levels.
IGATE Corporation accepted the delisting offer for its subsidiary Patni Computer Systems from Indian stock exchanges at a price of Rs. 520 per share, determined through a reverse book building process. The total cost for IGATE to delist Patni was Rs. 1,394 crores. The delisting process opening date was March 28, 2012 with a floor price of Rs. 356.74 per share. IGATE owned around 83% of Patni and the successful delisting would allow for a streamlined corporate structure and reduced compliance costs.
Similar to SECURITIES AND EXCHANGE BOARD OF INDIA (ISSUE OF CAPITAL AND DISCLOSURE REQUIREMENTS) (SECOND AMENDMENT) REGULATIONS, 2016 (20)
Single Master Form introduced for reporting Foreign investment in India.GAURAV KR SHARMA
The Reserve Bank of India will introduce a Single Master Form (SMF) to integrate reporting of foreign investment in India. The SMF will be filed online. It will provide a facility to report total foreign investment in an Indian entity as well as investment in an Investment Vehicle by non-residents. Indian entities must input data on total foreign investment through an online interface available from June 28, 2018 to July 12, 2018. Entities not complying will be non-compliant with foreign exchange laws and regulations. The format of the SMF is provided in the annexures. Commercial banks are asked to inform customers of this new reporting requirement under FEMA.
The document summarizes key amendments made by the Companies (Amendment) Act, 2017 in India. Some of the major amendments addressed difficulties in implementation of certain provisions, facilitated ease of doing business, and harmonized company law with other statutes. Specifically, it reduced the time period for name reservation from 60 to 20 days, increased the deadline for informing about a change in registered office from 15 to 30 days, and required companies to prepare consolidated financial statements including associate companies in addition to subsidiaries.
Monitoring of Foreign Investment limits in listed Indian companies May 17th 2018GAURAV KR SHARMA
SEBI issued a circular amending two previous circulars regarding monitoring foreign investment limits in listed Indian companies. The deadline for companies to provide necessary data to depositories was extended to May 25th. The new monitoring system was pushed back to becoming operational on June 1st, in response to requests from stakeholders. This circular was issued under powers of the Securities and Exchange Board of India Act of 1992.
The document outlines amendments made by the Securities and Exchange Board of India to the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Key changes include requiring listed companies to have at least one independent woman director, increasing the minimum board size for large companies, setting limits on the number of directorships a person can hold, strengthening independent director requirements, and enhancing nomination and remuneration committee meetings and composition. The amendments are aimed at improving corporate governance practices of listed companies in India.
Latest Circular on Non compliance of SEBI LODR Regulations GAURAV KR SHARMA
This document outlines the standard operating procedure that stock exchanges must follow for imposing fines and suspending trading of securities for listed entities that are non-compliant with certain provisions of SEBI's Listing Obligations and Disclosure Requirements Regulations. It specifies the fines to be levied for different types of non-compliances and the process for moving securities to a "Z" category with trade for trade settlement or suspending trading. It also details the procedure for revoking suspension or initiating compulsory delisting for entities that remain non-compliant.
SEBI update on Additional Risk management measures for derivatives segmentGAURAV KR SHARMA
The document is a circular from the Securities and Exchange Board of India (SEBI) announcing additional risk management measures for derivatives trading in stock exchanges and clearing corporations. It requires stock exchanges and clearing corporations to (1) collect initial margin, exposure margin, extreme loss margin, calendar spread margin and mark to market settlements from clearing members and trading members for equity derivatives trading; (2) enforce collection of these margins from clearing members and trading members for both equity and currency derivatives; and (3) calculate liquid net worth for clearing members in equity derivatives by deducting initial and exposure margins from liquid assets. The provisions take effect from June 1, 2018.
This notification announces that various sections of the Companies (Amendment) Act 2017 will come into force on February 6, 2018. Specifically, sections 2, 3, 9, 11-12, 14, 17, 27-29, 32, 34-35, 38, 41-45, 47-48, 50-51, 53, 59-60, 63-65, 72-74, 77-79, 82, 84-85, and 90-93 will take effect from that date. The notification is issued by the Ministry of Corporate Affairs, Government of India to inform all relevant parties of the commencement of these new provisions.
Mca has notified below mentioned 41 sections of companies amendment actGAURAV KR SHARMA
The document notifies that 41 sections of the Companies Amendment Act, 2017 will come into effect from February 9th, 2018. These sections pertain to definitions, member liability, authentication of documents, voting rights, issue of shares, board meetings, related party transactions, auditing standards, and qualifications for directors, tribunal members, and appellate tribunal members among other things. The notification provides a table with the section numbers of the amendment act and the corresponding sections in the Companies Act, 2013 that have been amended.
Securities and Exchange Board of India (International Financial Services Cent...GAURAV KR SHARMA
The document is a circular from the Securities and Exchange Board of India (SEBI) announcing amendments to the definition of "issuer" in the SEBI (International Financial Services Centres) Guidelines from 2015. The definition has been amended to include any entity incorporated in India seeking to raise foreign currency other than Indian rupee with necessary approvals, any entity incorporated abroad allowed to issue securities outside its place of incorporation per local laws, and any supranational organizations allowed to issue securities per their constitution. The circular was issued under SEBI's power to protect investors and regulate securities markets.
Report Submitted by Committee on Corporate Governance GAURAV KR SHARMA
The committee was formed in June 2017 under the chairmanship of Mr. Uday Kotak to enhance corporate governance standards of listed Indian entities. It consisted of officials from government, industry, professional bodies and academia.
The committee's terms of reference were to make recommendations to SEBI on ensuring independence of independent directors, improving related party transaction disclosures and safeguards, addressing issues in accounting/auditing practices, improving board evaluation effectiveness, and addressing investor voting issues.
The committee submitted its report on October 5, 2017 after taking public comments on its recommendations.
Exchange Rate of Foreign Currency Relating To Imported and Export Goods Notif...GAURAV KR SHARMA
The Central Board of Excise and Customs of India determined new exchange rates of foreign currencies relating to imported and exported goods, effective September 22, 2017. Schedules I and II list 19 currencies and their exchange rates in Indian rupees for both imported and exported goods. For example, the rate for the Australian dollar was set at 52.65 rupees for imported goods and 50.80 rupees for exported goods. The notification supersedes the previous exchange rate notification from September 7, 2017.
Outsourcing of activities by Stock Exchanges and Clearing CorporationsGAURAV KR SHARMA
The Securities and Exchange Board of India (SEBI) issued a circular to clarify regulations around exchange traded cross currency derivatives contracts on EUR-USD, GBP-USD and USD-JPY currency pairs. Key points:
- SEBI had previously laid out a framework for these cross currency futures and options contracts, as well as currency options on EUR-INR, GBP-INR and JPY-INR.
- The circular modifies the proprietary position limits for stock brokers (both bank and non-bank) for positions created in foreign currency-rupee pairs like USD-INR.
- Stock exchanges must implement a uniform methodology, in consultation, for computing and monitoring these proprietary position
Clarification on Exchange Traded Cross Currency Derivatives contracts on EUR-...GAURAV KR SHARMA
The document provides guidelines from the Securities and Exchange Board of India (SEBI) for stock exchanges and clearing corporations regarding outsourcing activities. Some key points:
- Stock exchanges and clearing corporations must develop an outsourcing policy and approval process for any outsourced activities.
- Core and critical activities like trading, clearing, settlement, and regulatory functions cannot be outsourced.
- Due diligence must be conducted on any third-party service providers and legal agreements must define roles and responsibilities.
- Exchanges and clearing corporations retain ultimate responsibility and must monitor outsourced services and have contingency plans.
Discover the Beauty and Functionality of The Expert Remodeling Serviceobriengroupinc04
Unlock your kitchen's true potential with expert remodeling services from O'Brien Group Inc. Transform your space into a functional, modern, and luxurious haven with their experienced professionals. From layout reconfiguration to high-end upgrades, they deliver stunning results tailored to your style and needs. Visit obriengroupinc.com to elevate your kitchen's beauty and functionality today.
Discover timeless style with the 2022 Vintage Roman Numerals Men's Ring. Crafted from premium stainless steel, this 6mm wide ring embodies elegance and durability. Perfect as a gift, it seamlessly blends classic Roman numeral detailing with modern sophistication, making it an ideal accessory for any occasion.
https://rb.gy/usj1a2
During the budget session of 2024-25, the finance minister, Nirmala Sitharaman, introduced the “solar Rooftop scheme,” also known as “PM Surya Ghar Muft Bijli Yojana.” It is a subsidy offered to those who wish to put up solar panels in their homes using domestic power systems. Additionally, adopting photovoltaic technology at home allows you to lower your monthly electricity expenses. Today in this blog we will talk all about what is the PM Surya Ghar Muft Bijli Yojana. How does it work? Who is eligible for this yojana and all the other things related to this scheme?
How are Lilac French Bulldogs Beauty Charming the World and Capturing Hearts....Lacey Max
“After being the most listed dog breed in the United States for 31
years in a row, the Labrador Retriever has dropped to second place
in the American Kennel Club's annual survey of the country's most
popular canines. The French Bulldog is the new top dog in the
United States as of 2022. The stylish puppy has ascended the
rankings in rapid time despite having health concerns and limited
color choices.”
AI Transformation Playbook: Thinking AI-First for Your BusinessArijit Dutta
I dive into how businesses can stay competitive by integrating AI into their core processes. From identifying the right approach to building collaborative teams and recognizing common pitfalls, this guide has got you covered. AI transformation is a journey, and this playbook is here to help you navigate it successfully.
[To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
This presentation is a curated compilation of PowerPoint diagrams and templates designed to illustrate 20 different digital transformation frameworks and models. These frameworks are based on recent industry trends and best practices, ensuring that the content remains relevant and up-to-date.
Key highlights include Microsoft's Digital Transformation Framework, which focuses on driving innovation and efficiency, and McKinsey's Ten Guiding Principles, which provide strategic insights for successful digital transformation. Additionally, Forrester's framework emphasizes enhancing customer experiences and modernizing IT infrastructure, while IDC's MaturityScape helps assess and develop organizational digital maturity. MIT's framework explores cutting-edge strategies for achieving digital success.
These materials are perfect for enhancing your business or classroom presentations, offering visual aids to supplement your insights. Please note that while comprehensive, these slides are intended as supplementary resources and may not be complete for standalone instructional purposes.
Frameworks/Models included:
Microsoft’s Digital Transformation Framework
McKinsey’s Ten Guiding Principles of Digital Transformation
Forrester’s Digital Transformation Framework
IDC’s Digital Transformation MaturityScape
MIT’s Digital Transformation Framework
Gartner’s Digital Transformation Framework
Accenture’s Digital Strategy & Enterprise Frameworks
Deloitte’s Digital Industrial Transformation Framework
Capgemini’s Digital Transformation Framework
PwC’s Digital Transformation Framework
Cisco’s Digital Transformation Framework
Cognizant’s Digital Transformation Framework
DXC Technology’s Digital Transformation Framework
The BCG Strategy Palette
McKinsey’s Digital Transformation Framework
Digital Transformation Compass
Four Levels of Digital Maturity
Design Thinking Framework
Business Model Canvas
Customer Journey Map
Call8328958814 satta matka Kalyan result satta guessing➑➌➋➑➒➎➑➑➊➍
Satta Matka Kalyan Main Mumbai Fastest Results
Satta Matka ❋ Sattamatka ❋ New Mumbai Ratan Satta Matka ❋ Fast Matka ❋ Milan Market ❋ Kalyan Matka Results ❋ Satta Game ❋ Matka Game ❋ Satta Matka ❋ Kalyan Satta Matka ❋ Mumbai Main ❋ Online Matka Results ❋ Satta Matka Tips ❋ Milan Chart ❋ Satta Matka Boss❋ New Star Day ❋ Satta King ❋ Live Satta Matka Results ❋ Satta Matka Company ❋ Indian Matka ❋ Satta Matka 143❋ Kalyan Night Matka..
The Genesis of BriansClub.cm Famous Dark WEb PlatformSabaaSudozai
BriansClub.cm, a famous platform on the dark web, has become one of the most infamous carding marketplaces, specializing in the sale of stolen credit card data.
Satta matka fixx jodi panna all market dpboss matka guessing fixx panna jodi kalyan and all market game liss cover now 420 matka office mumbai maharashtra india fixx jodi panna
Call me 9040963354
WhatsApp 9040963354
Best Competitive Marble Pricing in Dubai - ☎ 9928909666Stone Art Hub
Stone Art Hub offers the best competitive Marble Pricing in Dubai, ensuring affordability without compromising quality. With a wide range of exquisite marble options to choose from, you can enhance your spaces with elegance and sophistication. For inquiries or orders, contact us at ☎ 9928909666. Experience luxury at unbeatable prices.
IMPACT Silver is a pure silver zinc producer with over $260 million in revenue since 2008 and a large 100% owned 210km Mexico land package - 2024 catalysts includes new 14% grade zinc Plomosas mine and 20,000m of fully funded exploration drilling.
SECURITIES AND EXCHANGE BOARD OF INDIA (ISSUE OF CAPITAL AND DISCLOSURE REQUIREMENTS) (SECOND AMENDMENT) REGULATIONS, 2016
1. 1
THE GAZETTE OF INDIA
EXTRAORDINARY
PART – III – SECTION 4
PUBLISHED BY AUTHORITY
NEW DELHI, February 17, 2016
SECURITIES AND EXCHANGE BOARD OF INDIA
NOTIFICATION
Mumbai, the 17th February, 2016
SECURITIES AND EXCHANGE BOARD OF INDIA (ISSUE OF CAPITAL AND
DISCLOSURE REQUIREMENTS) (SECOND AMENDMENT) REGULATIONS, 2016
No. SEBI/LAD-NRO/GN/2015-16/036.─ In exercise of the powers conferred under section 30
of the Securities and Exchange Board of India Act, 1992 (15 of 1992) read with section 13(8)
and section 27(2) of the Companies Act, 2013, the Board hereby makes the following
Regulations to further amend the Securities and Exchange Board of India (Issue of Capital and
Disclosure Requirements) Regulations, 2009, namely:-
1. (1) These regulations may be called the Securities and Exchange Board of India (Issue of
Capital and Disclosure Requirements) (Second Amendment) Regulations, 2016.
2. They shall come into force on the date of their publication in the Official Gazette.
3. In the Securities and Exchange Board of India (Issue of Capital and Disclosure
Requirements) Regulations, 2009, after Chapter VI, the following Chapter shall be inserted,
namely-
“CHAPTER VI-A
CONDITIONS AND MANNER OF PROVIDING EXIT OPPORTUNITY TO
DISSENTING SHAREHOLDERS
Applicability.
69A. (1) The provisions of this Chapter shall apply to an exit offer made by the promoters or
shareholders in control of an issuer to the dissenting shareholders in terms of section 13(8) and
section 27(2) of the Companies Act, 2013, in case of change in objects or variation in the terms of
contract referred to in the prospectus.
2. 2
(2) The provisions of this Chapter shall not apply where there are neither identifiable promoters
nor shareholders in control of the listed issuer.
Definitions.
69B. For the purpose of this Chapter:
(a) “dissenting shareholders” means those shareholders who have voted against the
resolution for change in objects or variation in terms of a contract, referred to in the
prospectus of the issuer;
(b) “frequently traded shares” shall have the same meaning as assigned to it in the
Securities and Exchange Board of India (Substantial Acquisition of Shares and
Takeovers) Regulations, 2011.
(c) “relevant date” means date of the board meeting in which the proposal for change in
objects or variation in terms of a contract, referred to in the prospectus is approved,
before seeking shareholders’ approval.
Conditions for exit offer.
69C. The promoters or shareholders in control shall make the exit offer in accordance with the
provisions of this Chapter, to the dissenting shareholders, if:
(a) the public issue has opened after April 1, 2014; and
(b) the proposal for change in objects or variation in terms of a contract, referred to in the
prospectus is dissented by at least ten per cent. of the shareholders who voted in the
general meeting; and
(c) the amount to be utilized for the objects for which the prospectus was issued is less than
seventy five per cent. of the amount raised (including the amount earmarked for general
corporate purposes as disclosed in the offer document).
Eligibility of shareholders for availing the exit offer
69D. Only those dissenting shareholders of the issuer who are holding shares as on the relevant
date shall be eligible to avail the exit offer made under this Chapter.
Exit offer price.
69E. The ‘exit price’ payable to the dissenting shareholders shall be the highest of the following:
(a) the volume-weighted average price paid or payable for acquisitions, whether by the
promoters or shareholders having control or by any person acting in concert with them,
during the fifty-two weeks immediately preceding the relevant date;
(b) the highest price paid or payable for any acquisition, whether by the promoters or
shareholders having control or by any person acting in concert with them, during the
twenty-six weeks immediately preceding the relevant date;
3. 3
(c) the volume-weighted average market price of such shares for a period of sixty trading days
immediately preceding the relevant date as traded on the recognised stock exchange where
the maximum volume of trading in the shares of the issuer are recorded during such period,
provided such shares are frequently traded;
(d) where the shares are not frequently traded, the price determined by the promoters or
shareholders having control and the merchant banker taking into account valuation
parameters including book value, comparable trading multiples, and such other parameters
as are customary for valuation of shares of such issuers.
Manner of providing exit to dissenting shareholders.
69F. (1) The notice proposing the passing of special resolution for changing the objects of the
issue and varying the terms of contract, referred to in the prospectus shall also contain
information about the exit offer to the dissenting shareholders.
(2) In addition to the disclosures required under the provisions of section 102 of the Companies
Act, 2013 read with rule 32 of the Companies (Incorporation) Rules, 2014 and rule 7 of the
Companies (Prospectus and Allotment of Securities) Rules, 2014 and any other applicable law, a
statement to the effect that the promoters or the shareholders having control shall provide an exit
opportunity to the dissenting shareholders shall also be included in the explanatory statement to
the notice for passing special resolution.
(3) After passing of the special resolution, the issuer shall submit the voting results to the
recognised stock exchange(s), in terms of the provisions of regulation 44(3) of the Securities and
Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
(4) The issuer shall also submit the list of dissenting shareholders, as certified by its compliance
officer, to the recognised stock exchange(s).
(5) The promoters or shareholders in control, shall appoint a merchant banker registered with the
Board and finalize the exit offer price in accordance with these regulations.
(6) The issuer shall intimate the recognised stock exchange(s) about the exit offer to dissenting
shareholders and the price at which such offer is being given.
(7) The recognised stock exchange(s) shall immediately on receipt of such intimation disseminate
the same to public within one working day.
(8) To ensure security for performance of their obligations, the promoters or shareholders having
control, as applicable, shall create an escrow account which may be interest bearing and deposit
the aggregate consideration in the account at least two working days prior to opening of the
tendering period.
(9) The tendering period shall start not later than seven working days from the passing of the
special resolution and shall remain open for ten working days.
(10) The dissenting shareholders who have tendered their shares in acceptance of the exit offer
shall have the option to withdraw such acceptance till the date of closure of the tendering period.
(11) The promoters or shareholders having control shall facilitate tendering of shares by the
shareholders and settlement of the same through the recognised stock exchange mechanism as
specified by SEBI for the purpose of takeover, buy-back and delisting.
4. 4
(12) The promoters or shareholders having control shall, within a period of ten working days from
the last date of the tendering period, make payment of consideration to the dissenting shareholders
who have accepted the exit offer.
(13) Within a period of two working days from the payment of consideration, the issuer shall
furnish to the recognised stock exchange(s), disclosures giving details of aggregate number of
shares tendered, accepted, payment of consideration and the post-offer shareholding pattern of the
issuer and a report by the merchant banker that the payment has been duly made to all the
dissenting shareholders whose shares have been accepted in the exit offer.
Offer not to exceed maximum permissible non-public shareholding.
69G. In the event, the shares accepted in the exit offer were such that the shareholding of the
promoters or shareholders in control, taken together with persons acting in concert with them
pursuant to completion of the exit offer results in their shareholding exceeding the maximum
permissible non-public shareholding, the promoters or shareholders in control, as applicable, shall
be required to bring down the non-public shareholding to the level specified and within the time
permitted under Securities Contract (Regulation) Rules, 1957.”
U.K. SINHA
CHAIRMAN
SECURITIES AND EXCHANGE BOARD OF INDIA
Footnote:
1. The SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009 were published in
the Gazette of India on 26th August, 2009 vide No. LAD-NRO/GN/2009- 10/15/174471.
2. The SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009 were subsequently
amended on:-
(1) 11th December, 2009 by Securities and Exchange Board of India (Issue of Capital
and Disclosure Requirements) (Amendment) Regulations, 2009 vide No. LAD-
NRO/GN/2009- 10/23/186926.
(2) 1st January, 2010 by Securities and Exchange Board of India (Issue of Capital and
Disclosure Requirements) (Amendment) Regulations, 2010 vide No. LAD-
NRO/GN/2009- 2010/25/189240.
(3) 8th January, 2010 by Securities and Exchange Board of India (Issue of Capital and
Disclosure Requirements) (Second Amendment) Regulations, 2010 vide No.
LADNRO/GN/2009- 10/26/190146.
5. 5
(4) 13th April, 2010 by Securities and Exchange Board of India (Issue of Capital and
Disclosure Requirements) (Third Amendment) Regulations, 2010 vide No.
LADNRO/GN/2010-11/03/1104.
(5) 12th November, 2010 by Securities and Exchange Board of India (Issue of Capital
and Disclosure Requirements) (Fourth Amendment) Regulations, 2010 vide No.
LADNRO/GN/2010-11/19/26456.
(6) 29th April, 2011 by Securities and Exchange Board of India (Issue of Capital and
Disclosure Requirements) (Amendment) Regulations, 2011 vide F. No.
LADNRO/GN/2011-12/05/13907.
(7) 23rd September, 2011 by Securities and Exchange Board of India (Substantial
Acquisition of Shares and Takeovers) Regulations, 2011 vide No. LAD-
NRO/GN/2011-12/24/30181.
(8) 23rd September, 2011 by Securities and Exchange Board of India (Issue of Capital
and Disclosure Requirements) (Second Amendment) Regulations, 2011 vide F. No.
LADNRO/GN/2011- 12/25/30309.
(9) 30th January, 2012 by Securities and Exchange Board of India (Issue of Capital and
Disclosure Requirements) (Amendment) Regulations, 2012 vide No. LAD-
NRO/GN/2011-12/34/2499.
(10) 7th February, 2012 by Securities and Exchange Board of India (Issue of Capital and
Disclosure Requirements) (Second Amendment) Regulations, 2012 vide No. LAD-
NRO/GN/2011-12/35/3186.
(11) 21st May, 2012 by Securities and Exchange Board of India (Alternative Investment
Funds) Regulations, 2012 vide No. LAD-NRO/GN/2012-13/04/11262.
(12) 24th August, 2012 by Securities and Exchange Board of India (Issue of Capital and
Disclosure Requirements) (Third Amendment) Regulations, 2012 vide No.
LADNRO/GN/2012-13/12/18951.
(13) 12th October, 2012 by Securities and Exchange Board of India (Issue of Capital and
Disclosure Requirements) (Fourth Amendment) Regulations, 2012 vide No.
LADNRO/GN/2012-13/18/5391.
(14) 27th February, 2013 by Securities and Exchange Board of India (Issue of Capital and
Disclosure Requirements)(Amendment) Regulations, 2013 vide No. LAD-
NRO/GN/2012-13/32/4947.
(15) 26th August, 2013 by Securities and Exchange Board of India (Issue of Capital and
Disclosure Requirements)(Second Amendment) Regulations, 2013 vide No. LAD-
NRO/GN/2013-14/19/6422.
(16) 8th October, 2013 by Securities and Exchange Board of India (Listing of Specified
Securities on Institutional Trading Platform) Regulations, 2013 vide No. LAD-
NRO/GN/2013-14/28/6720.
(17) 7th January, 2014 by Securities and Exchange Board of India (Foreign Portfolio
Investors) Regulations, 2014 vide No. LAD-NRO/GN/2013-14/36/12.
(18) 4th February, 2014 by Securities and Exchange Board of India (Issue of Capital and
Disclosure Requirements) (Amendment) Regulations, 2014 vide No. LAD-
NRO/GN/2013-14/44/226.
(19) 23rd May, 2014 by Securities and Exchange Board of India (Payment of Fees)
(Amendment) Regulations, 2014 vide No. LAD-NRO/GN/2014-15/03/1089.
(20) 25th August, 2014 by Securities and Exchange Board of India (Issue of Capital and
Disclosure Requirements) (Second Amendment) Regulations, 2014 vide No. LAD-
NRO/GN/2014-15/06/1372.
6. 6
(21) 24th
March 2015 by Securities and Exchange Board of India (Issue of Capital and
Disclosure Requirements) (Amendment) Regulations, 2015 vide No. LAD-
NRO/GN/2014-15/24/538.
(22) 5th
of May, 2015 by SEBI (Issue of Capital and Disclosure Requirements) (Second
Amendment) Regulations, 2015 vide No. SEBI-NRO/OIAE/GN/2015-16/003.
(23) 11th
of August, 2015 by SEBI (Issue of Capital and Disclosure Requirements) (Third
Amendment) Regulations, 2015 vide No. SEBI/LAD-NRO/GN/2015-16/007.
(24) 14th
of August, 2015 by SEBI (Issue of Capital and Disclosure Requirements) (Fourth
Amendment) Regulations, 2015 vide No. SEBI/LAD-NRO/GN/2015-16/008.
(25) 14th
of August, 2015 by SEBI (Issue of Capital and Disclosure Requirements) (Fifth
Amendment) Regulations, 2015 vide No. SEBI/LAD-NRO/GN/2015-16/012.
(26) 02nd
of September, 2015 by Securities and Exchange Board of India (Listing
Obligations and Disclosure Requirements) Regulations, 2015 vide No. SEBI/LAD-
NRO/GN/2015- 16/013.
(27) 10th of September, 2015 by SEBI (Issue of Capital and Disclosure Requirements)
(Sixth Amendment) Regulations, 2015 vide No. SEBI/LAD-NRO/GN/2015-16/18.
(28) 27th
of October, 2015 by SEBI (Issue of Capital and Disclosure Requirements)
(Seventh Amendment) Regulations, 2015 vide No. SEBI/ LAD-NRO/GN/2015-
16/025.
(29) 21st
of January, 2016 by SEBI (Issue of Capital and Disclosure Requirements)
(Amendment) Regulations, 2016 vide No. SEBI/ LAD-NRO/GN/2015-16/031.