Blog

Jan 21, 2020

Stewardship Code with effect from 01.04.2020 for all Mutual Funds and all categories of AIFs, in relation to their investment in listed equities

<!-- wp:paragraph --> <p>SEBI vide circular No. CIR/CFD/CMD1/168/2019 dated 24th December 2019.</p> <!-- /wp:paragraph --> <!-- wp:paragraph --> <p>Previously, SEBI has already implemented principles on voting for Mutual  Funds,  which prescribed detailed mandatory requirements for Mutual Funds in  India to disclose their voting policies and actual voting by Mutual Funds on different resolutions of investee companies.</p> <!-- /wp:paragraph --> <!-- wp:paragraph --> <p>SEBI along with the Insurance Regulatory and Development Authority of India (IRDAI) and Pension Fund Regulatory and Devel.....

Jan 21, 2020

SEBI signs Memorandum of Understanding on bilateral co-operation with the Astana Financial Services Authority, Kazakhstan

<!-- wp:paragraph --> <p>SEBI vide Press Release No. 30/2019 dated 23<sup>rd</sup> December 2019 it is published that the SEBI and the Astana Financial Services Authority (AFSA) have entered into a bilateral Memorandum of Understanding (MoU) for mutual co-operation and technical assistance.</p> <!-- /wp:paragraph --> <!-- wp:paragraph --> <p>The objective of the bilateral MoU is to strengthen cross border co-operation in the area of securities regulation. This will facilitate mutual assistance, contribute towards the efficient performance of the supervisory functions, and enable effective enf.....

Feb 21, 2020

Exemption from clubbing of investment limit for foreign Government agencies and its related entities regarding Foreign portfolio investors

<!-- wp:paragraph --> <p>SEBI vide Circular No. IMD/FPI&amp;C/CIR/P/2020/07 dated 16<sup>th</sup>January, 2020 it amended the that regarding “Foreign Portfolio Investors”, certain foreign Government agencies and its related entities are exempt from clubbing of investment limit requirements and other investment conditions either by way of an agreement or treaty with other sovereign governments or by an order of the Central Government.</p> <!-- /wp:paragraph --> <!-- wp:paragraph --> <p><a href="https://www.sebi.gov.in/legal/circulars/jan-2020/exemption-from-clubbing-of-investment-limit-for.....

Feb 21, 2020

Performance review of the commodity derivatives contracts by Recognised Stock Exchange

<!-- wp:paragraph --> <p>SEBI vide circular No. SEBI/HO/CDMRD/DNPMP/CIR/P/2020/21 dated 04<sup>th</sup>February, 2020 it has been decided to have a  framework to evaluate the performance of Derivative contracts based not merely on statistics regarding delivery and trade volumes but also on the strength of a  comprehensive empirical assessment after considering all relevant information,   pertaining   to the performance of a derivative contract during the relevant period of time.</p> <!-- /wp:paragraph --> <!-- wp:paragraph --> <p>Framework for performance review is as follows:</p> <!-- .....

Feb 21, 2020

Currency Future and Options Contracts (involving Indian Rupee) on Exchanges in International Financial Services Centres (IFSC)

<!-- wp:paragraph --> <p>SEBI vide circular No. SEBI/HO/MRD2/DCAP/CIR/P/2020/17 dated 03<sup>rd</sup> February 2020, it has been decided that   for  currency futures  and options contracts involving Indian Rupee (with settlement in foreign currency), the position limits for eligible market participants, per currency pair per stock exchange, shall be as follows:</p> <!-- /wp:paragraph --> <!-- wp:list --> <ul><li>Trading Members (positions on proprietary basis as well as clients’ position) - Gross open position across all contracts not to exceed 15% of the total open interest or USD 1 bi.....

Feb 21, 2020

SEBI develops an online system for detecting misuse of clients’ securities by brokers

<!-- wp:paragraph --> <p>SEBI vide Press Release No. 05/2020 dated 13<sup>th</sup> February 2020 it is published that the SEBI has developed an in – house online system by which it would be able to prepare client level securities holding register of the brokers.</p> <!-- /wp:paragraph --> <!-- wp:list --> <ul><li>SEBI collects the details of the clients’ securities submitted in weekly report filed by brokers with the Exchanges and updates the same with trades conducted in the accounts of said clients using the data available with SEBI in Data Warehousing and Business Intelligence System (.....

Oct 17, 2020

SEBI launches mobile application for lodging investor grievances

<!-- wp:paragraph --> <p>SEBI vide Press Release No. 14/2020 dated 05<sup>th</sup> March 2020 announces that it launches a mobile application for the convenience of investors to lodge their grievances in  SEBI Complaints Redress System (SCORES). This is to reduce the sending letters to SEBI in physical mode. It states,</p> <!-- /wp:paragraph --> <!-- wp:list --> <ul><li>The  Mobile Application has all the features of  SCORES  which is presently available electronically where investors have to lodge their complaints by using the internet mediums. </li><li>After mandatory registration on th.....

Oct 17, 2020

Amendments to guidelines for the rights issue, preferential issue and institutional placement of units by an InvIT ( infrastructure Investment Trus) & Real Estate Investment Trust (REIT)

<!-- wp:paragraph --> <p>SEBI vide circular No’s. SEBI/HO/DDHS/DDHS/CIR/P/2020/35 &amp; 36 dated 13<sup>th</sup> March,2020 it has issued amendments to guidelines for the rights issue and Preferential issue and Institutional placement of units by a listed InvIT/REIT</p> <!-- /wp:paragraph --> <!-- wp:paragraph --> <p><a href="https://www.sebi.gov.in/legal/circulars/mar-2020/amendments-to-guidelines-for-rights-issue-preferential-issue-and-institutional-placement-of-units-by-a-listed-invit_46311.html">https://www.sebi.gov.in/legal/circulars/mar-2020/amendments-to-guidelines-for-rights-issue-p.....

Oct 17, 2020

Clarification to Operating Guidelines for Investment Advisers in International Financial Services Centre (IFSC)

<!-- wp:paragraph --> <p>SEBI vide circular No. SEBI/HO/IMD/DF1/CIR/P/2020/31 dated 28<sup>th</sup> February 2020, it has been decided that &nbsp;&nbsp;for&nbsp; currency futures&nbsp; and options contracts involving Indian Rupee (with settlement in foreign currency), the position limits for eligible market participants, per currency pair per stock exchange, shall be as follows:</p> <!-- /wp:paragraph --> <!-- wp:list --> <ul><li>Trading Members (positions on a proprietary basis as well as clients’ position) - Gross open position across all contracts not to exceed 15% of the total open inte.....

Oct 17, 2020

Relaxation from compliance to REITS and InvITs due to the CoVID-19 virus Pandemic

<!-- wp:paragraph --> <p>SEBI vide circular No’s. SEBI/HO/DDHS/DDHS/CIR/P/2020/42 dated 23<sup>rd</sup> March 2020 it has been decided to extend the due date for regulatory filings and compliances for REIT and InvIT for the period ending March 31, 2020, by one month over and above the timelines.</p> <!-- /wp:paragraph --> <!-- wp:paragraph --> <p><a href="https://www.sebi.gov.in/legal/circulars/mar-2020/relaxation-from-compliance-to-reits-and-invits-due-to-the-covid-19-virus-pandemic_46398.html">https://www.sebi.gov.in/legal/circulars/mar-2020/relaxation-from-compliance-to-reits-and-invits-.....

Oct 17, 2020

Investment by the sponsor or Asset Management company in the scheme

<!-- wp:paragraph --> <p>SEBI vide circular No. SEBI/HO/IMD/DF4/CIR/P/2020/100 dated 12<sup>th</sup> June 2020, it has been decided that the sponsor or asset management company is required to invest not less than one percent of the amount which would be raised in the new fund offer or fifty lakh rupees, whichever is less in such option of the scheme, as may be specified by the Board. It has also been decided that the above-referred investment shall be made in the growth option of the scheme.  For such schemes where the growth option is not available the investment shall be made in the dividen.....

Oct 17, 2020

Participation of mutual Funds in commodity derivatives market in India

<!-- wp:paragraph --> <p>SEBI vide circular No. SEBI/HO/IMD/DF2/CIR/P/2020/96 dated 05<sup>th </sup>June, 2020, it has been decided that No Mutual fund schemes shall invest in physical goods except in ‘gold’ through Gold Exchange Traded Funds (ETFs). However, as mutual fund schemes participating in Exchange Traded Commodity Derivatives (ETCDs) may hold the underlying goods in case of physical settlement of contracts, in that case, mutual funds shall dispose of such goods from the books of the scheme, at the earliest, not exceeding the timeline prescribed below,</p> <!-- /wp:paragraph --> .....

Oct 17, 2020

Framework for Regulatory Sandbox

<!-- wp:paragraph --> <p>SEBI vide circular No. SEBI/HO/MRD-1/CIR/P/2020/95 dated 05<sup>th </sup>June 2020 it has been decided to introduce a  framework for  “Regulatory  Sandbox”.</p> <!-- /wp:paragraph --> <!-- wp:paragraph --> <p>Through previous circulars dated may 20, 2019 stipulated a framework for an industry-wide Innovation  Sandbox, whereby FinTech startups and entities not regulated by SEBI  were permitted to use the  Innovation Sandbox for offline testing of their proposed solution.</p> <!-- /wp:paragraph --> <!-- wp:paragraph --> <p>Further, this circular SEBI  now ha.....

Oct 17, 2020

Conducting meeting of unitholders of InvITs and REITs through Video Conferencing (VC) or through other audio-visual means (OAVM)

<!-- wp:paragraph --> <p>SEBI vide circular No. SEBI/HO/DDHS/DDHS/CIR/P/2020/102 dated 22<sup>nd</sup> June 2020 clarified that  InvITs/ REITs may conduct the meeting of unitholders through  VC  or  OAVM by following the procedure specified in Annexure to the circular (can be accessed through the link).</p> <!-- /wp:paragraph --> <!-- wp:paragraph --> <p>The facility of VC or OAVM shall be available for the annual meeting of unitholders in terms of InvIT  Regulations and REIT Regulations, to be conducted during the calendar year  2020. For meetings,  other than the annual meeting of un.....

Oct 17, 2020

Use of Digital Signature Certifications for Authentication /Certification of filings/submissions made to Stock Exchanges

<!-- wp:paragraph --> <p> SEBI vide circular No. SEBI/HO/CFD/CMD1/CIR/P/2020/145dated 31<sup>st</sup> July 2020, it has been permitted for authentication /certification of any filing/submission made to stock exchanges under   the Listing Obligations and Discosure Regulations may   be done using digital signature certifications till December 31, 2020. This Circular shall apply for filings/submissions made from July 1, 2020.</p> <!-- /wp:paragraph --> <!-- wp:paragraph --> <p><a href="https://www.sebi.gov.in/legal/circulars/jul-2020/use-of-digital-signature-certifications-for-authentication.....

Oct 17, 2020

Procedural Guidelines for Proxy Advisors

<!-- wp:paragraph --> <p>SEBI vide circular No. SEBI/HO/IMD/DF1/CIR/P/2020/147 dated 03<sup>rd </sup>August 2020, Procedural gudelines for proxy advisors has been issued.</p> <!-- /wp:paragraph --> <!-- wp:paragraph --> <p>As per SEBI (Research Analyst) Regulations, 2014 mandates proxy advisors to abide by Code of Conduct specified therein. It is decided that proxy advisors shall also comply with the following procedural guidelines:</p> <!-- /wp:paragraph --> <!-- wp:list --> <ul><li>Proxy Advisors shall formulate&nbsp; the voting recommendation policies and disclose the&nbsp; updated voting.....

Oct 17, 2020

Grevience Resolution between listed entities and proxy advisers

<!-- wp:paragraph --> <p>SEBI vide circular No. SEBI/HO/CFD/CMD1/CIR/P/2020/119dated 04<sup>th </sup>August, 2020 in order to facilitate resolution of such grievances of listed entities against SEBI registered proxy advisors, the  listed entities may approach SEBI. SEBI will examine the matter for non-compliance by proxy advisors with  the provisions of the Code of Conduct under SEBI (Research Analyst) Regulations, 2014 and the  procedural guidelines for proxy advisors. This circular shall be applicable with effect from January 01, 2021(as per circular No. SEBI/HO/CFD/CMD1/CIR/P/2020/159 da.....

Oct 17, 2020

Resources for Trustees of Mututal Funds

<!-- wp:paragraph --> <p>SEBI vide circular No. SEBI/HO/IMD/DF4/CIR/P/2020/0000000151 dated 10<sup>th </sup>August, 2020 providing administrative assistance to trustees in monitoring various activities of the AMCs.</p> <!-- /wp:paragraph --> <!-- wp:paragraph --> <p>It is decided that,</p> <!-- /wp:paragraph --> <!-- wp:list --> <ul><li>Trustees shall appoint a&nbsp; dedicated officer having professional qualification and minimum 5 years of experience in finance and financial services related field.<ul><li>The officer so&nbsp; appointed, shall be employee of the&nbsp; Trustees and directly r.....

Oct 17, 2020

Review of Debt and Money Market Securities Transactions Disclosure w.r.t Mutual Funds and Asset Management companies

<!-- wp:paragraph --> <p>SEBI vide circular No. SEBI/HO/IMD/DF4/CIR/P/2020/163 dated 01<sup>st  </sup>September 2020 In order to further enhance transparency, it is now decided that the details of debt   and   money   market   securities   transacted   (including   inter   scheme transfers)  in  its  schemes  portfolio shall  be  disclosed  on daily  basis  with  a time lag of 15 days in a revised format as prescribed in Annexure A (can be accessed through Link). This Circular shall come into effect from October 01, 2020. </p> <!-- /wp:paragraph --> <!-- wp:paragrap.....

Jan 23, 2021

Transfer of excess contribution made by Stock Exchanges from Core SGF(Settlement Guarantee Fund) of one Clearing Corporation to the Core SGF of another Clearing Corporation

<!-- wp:paragraph --> <p>SEBI vide press release no. SEBI/HO/MRD2/DCAP/CIR/P/2021/03dated 8<sup>th</sup> <sup>&nbsp;&nbsp; </sup>January, decided to allow transfer of excess contribution made by Stock Exchanges from Core SGF of one Clearing Corporation to the Core SGF of another Clearing Corporation, in inter-operable scenario. </p> <!-- /wp:paragraph --> <!-- wp:paragraph --> <p>Stock Exchanges and Clearing Corporations are advised to ensure that upon receipt of request from an Exchange in this regard, the Clearing Corporation which receives such request shall transfer directly such&nbsp; ex.....

Jan 23, 2021

Monthly Reporting of Portfolio Managers

<!-- wp:paragraph --> <p>SEBI vide circular No. SEBI/HO/IMD/DF1/CIR/P/2021/02</p> <!-- /wp:paragraph --> <!-- wp:paragraph --> <p>dated 8<sup>th</sup> January, 2021, has mentioned about the applicability of Monthly Reporting of Portfolio Managers</p> <!-- /wp:paragraph --> <!-- wp:paragraph --> <p>1.&nbsp; Portfolio&nbsp; Managers are&nbsp; required&nbsp; to submit&nbsp; a&nbsp; monthly&nbsp; report regarding their portfolio management activity, on SEBI Intermediaries Portal within 7 working days of the end of each month, as per a prescribed format.</p> <!-- /wp:paragraph --> <!-- wp:paragr.....

Jan 23, 2021

Creation of Security in issuance of listed debt securities and ‘due diligence’ by debenture trustee(s) - Extension of timeline for implementation

<!-- wp:paragraph --> <p>SEBI vide Notification No. SEBI/HO/MIRSD/CRADT/CIR/P/2020/254 has specified requirements with regard to creation of security in issuance of listed debt securities and due diligence to be carried out by debenture trustee(s), which were applicable from January 01, 2021.</p> <!-- /wp:paragraph --> <!-- wp:paragraph --> <p>After taking into consideration the representation received from debenture trustees and the challenges arising out of the prevailing business and market conditions due to COVID-19 pandemic, it has been decided to extend the implementation date of the pr.....

Jan 23, 2021

Relaxation in timelines for compliance with regulatory requirements

<!-- wp:paragraph --> <p>SEBI vide Notification No. SEBI/HO/MIRSD/DOP/CIR/P/2020/255 has decided to extend the timelines for compliance with the following regulatory requirements by the trading members / clearing members:</p> <!-- /wp:paragraph --> <!-- wp:paragraph --> <p>i)&nbsp; Maintenance of&nbsp;&nbsp; call&nbsp;&nbsp; recordings&nbsp;&nbsp; of&nbsp;&nbsp; orders/&nbsp;&nbsp; instructions received from clients has been granted extension till 28<sup>th</sup> February, 2021.</p> <!-- /wp:paragraph --> <!-- wp:paragraph --> <p>ii) KYC application form and supporting documents of the clien.....

Mar 19, 2021

Master Circular for Depositories

<!-- wp:paragraph --> <p>SEBI vide Master Circular no.<br> SEBI/HO/MRD2/DDAP/CIR/P/2021/18<br> dated 5th February, 2021 has issued a<br> master circular with respect to<br> Depositories.<br> The Master Circular consists of<br> four sections i.e. Beneficial Owner<br> (BO) Accounts, Depository<br> Participants (DP) Related, Issuer<br> related and Depositories.</p> <!-- /wp:paragraph --> <!-- wp:paragraph --> <p><a href="https://www.sebi.gov.in/legal/mastercirculars/ feb-2021/master-circular-fordepositories_ 49029.html">https://www.sebi.gov.in/legal/mastercirculars/ feb-2021/master-circular-ford.....

Mar 19, 2021

Revised Framework for Innovation Sandbox

<!-- wp:paragraph --> <p>SEBI vide circular No.<br> SEBI/HO/ITD/ITD/CIR/P/2021/16 dated<br> 2nd February 2021, has issued a<br> revised framework for Innovation<br> Sandbox.<br> SEBI had proposed a concept of<br> “Innovation Sandbox”. Innovation<br> Sandbox facilitates access to an<br> environment (testing facilities and<br> test data) provided by Enabling<br> Organizations like Stock Exchanges,<br> Depositories and Qualified Registrar<br> and Share Transfer Agents<br> (QRTAs)where in innovators<br> (hereinafter referred to as Sandbox<br> Applicants) would be testing their<br> innovations .....

Mar 19, 2021

Revision of Monthly Cumulative Report (MCR)

<!-- wp:paragraph --> <p>SEBI vide Circular no. SEBI/HO/IMD/DF3/CIR/P/2021/014<br> dated 29th January, 2021 has issued a circular on monthly Cumulative Report (MCR).<br> Pursuant to introduction of a new scheme category and to bring transparency in reporting of segregated portfolios, it has been decided to modify MCR format from January 2021 onwards.<br> The revised format can be referred through the following link:</p> <!-- /wp:paragraph --> <!-- wp:paragraph --> <p><a href="https://www.sebi.gov.in/legal/circulars/jan-2021/circular-on-revision-of-monthly-cumulative-report_48927.html">https:/.....

Mar 19, 2021

Master Circular on Surveillance of Securities Market

<!-- wp:paragraph --> <p>SEBI vide Master Circular no. SEBI/HO/ISD/ISD/CIR/P/2021/22 dated 1st March, 2021 has issued a master circular with respect to Surveillance of Securities Market.<br> In order to enable the users to have an access to all the applicable circulars at one place, the Master Circular on Surveillance of Securities Market has been prepared.</p> <!-- /wp:paragraph --> <!-- wp:paragraph --> <p><a href="https://www.sebi.gov.in/legal/master-circulars/mar-2021/master-circular-on-surveillance-of-securities-market_49354.html">https://www.sebi.gov.in/legal/master-circulars/mar-2021/m.....

Mar 19, 2021

Code of Conduct & Institutional mechanism for prevention of Fraud or Market Abuse

<!-- wp:paragraph --> <p>SEBI vide circular No. SEBI/HO/MRD/DCAP/CIR/P/2021/23 dated 3rd March, 2021 has decided that the Code of Conduct and Institutional Mechanism for prevention of fraud or market abuse shall be applicable to Stock Exchanges, Clearing Corporations and Depositories.<br> Accordingly, Institutions shall formulate a Code of Conduct to regulate, monitor and report trading by their designated persons towards achieving compliance with the PIT(Prohibition of Insider Trading) Regulations.</p> <!-- /wp:paragraph --> <!-- wp:paragraph --> <p><a href="https://www.sebi.gov.in/legal/cir.....

Sep 15, 2021

Guidelines pertaining to Surrender of FPI Registration

<!-- wp:paragraph --> <p>SEBI vide Circular no. SEBI/ HO/ IMD/ FPI&amp;C/ CIR/ P/ 2021/045 dated 30th March, 2021 has stated that while making an application to SEBI for seeking “No Objection Certificate” (NOC) for surrender, the DDP(Designated Depository Participant) shall confirm the following with respect to the FPI:<br> i)Accounts held by the applicant in the capacity of FPI have NIL balance and are blocked for further transactions.<br> ii)There are no dues/ fees pending towards SEBI.<br> iii)There are no actions/ proceedings pending against the said applicant.<br> iv)The CP code of th.....

Sep 15, 2021

Timelines for updation of Scheme Information Document (SID)and Key Information Memorandum (KIM)

<!-- wp:paragraph --> <p> SEBI vide Circular no. SEBI/HO/IMD/IMD-IDOF2/P/CIR/2021/0560 dated 30<sup>th</sup> April, 2021 has decided that the updation of SID and KIM for the half-year ended March, 2021 shall be completed by May 31, 2021 </p> <!-- /wp:paragraph --> <!-- wp:paragraph --> <p><a href="https://www.sebi.gov.in/legal/circulars/apr-2021/timelines-for-updation-of-scheme-information-document-sid-and-key-information-memorandum-kim-_50020.html">https://www.sebi.gov.in/legal/circulars/apr-2021/timelines-for-updation-of-scheme-information-document-sid-and-key-information-memorandum-kim-_50.....

Sep 15, 2021

Business responsibility and sustainability reporting by listed entities

<!-- wp:paragraph --> <p>SEBI vide circular No. SEBI/HO/CFD/CMD-2/P/CIR/2021/562 dated 10<sup>th</sup> May, 2021 has stated that reporting of company’s performance on sustainability related factors has become as vital as reporting on financial and operational performance. With effect from the financial year 2022-2023, filing of Business   Responsibility   and   Sustainability   Report shall be mandatory for the top 1000 listed companies (by market capitalization) and shall replace the existing Business Responsibility Report </p> <!-- /wp:paragraph --> <!-- wp:paragraph --> <p><a hre.....

Sep 16, 2021

Enhancement of overall limit for overseas investment by Alternative Investment Funds (AIFs)/Venture Capital Funds (VCFs)

<!-- wp:paragraph --> <p>SEBI vide Circular no. SEBI/HO/IMD/DF6/CIR/P/2021/565 dated 21<sup>st</sup> May, 2021 has increased the overall limit for overseas investment by AIFs and VCFs.SEBI registered AIFs and VCFs are permitted to invest overseas upto an overall limit of USD 750 million. The said limit has now been enhanced to USD 1500 million</p> <!-- /wp:paragraph -->.....

Sep 16, 2021

Enhancement of Overseas Investment limits for Mutual Funds

<!-- wp:paragraph --> <p>SEBI vide circular No. SEBI/HO/IMD/IMDII/DOF3/P/CIR/2021/571 dated 3<sup>rd</sup> June, 2021 has increased the overall limit for overseas investment by Mutual Funds.</p> <!-- /wp:paragraph --> <!-- wp:list {"ordered":true} --> <ol><li>Mutual Funds can make overseas investments subject to a maximum of USD 1 billion per Mutual Fund, within the overall industry limit of US $ 7 billion</li><li>Mutual Funds can make investments in overseas Exchange Traded Fund (ETF)  subject  to  a maximum  of USD 300  million per  Mutual  Fund, within the overall industry limit of .....

Sep 21, 2021

Master Circular for Commodity Derivatives Market

<!-- wp:paragraph --> <p>SEBI vide Master Circular no. SEBI/HO/CDMRD/DMP/P/CIR/2021/589 dated 1st July, 2021 has issued Master Circular for Commodity Derivatives Market.<br>Commodity Derivatives Market Regulation Department (CDMRD) also has been issuing a Master circular comprising of information mentioned in various circulars pertaining to commodity derivatives segment. The master circular can be referred through the following link: </p> <!-- /wp:paragraph --> <!-- wp:paragraph --> <p><a href="https://www.sebi.gov.in/legal/master-circulars/jul-2021/master-circular-for-commodity-derivatives-m.....

Sep 21, 2021

Master Circular for Stock Exchange and Clearing Corporations

<!-- wp:paragraph --> <p>SEBI vide Master circular No. SEBI/HO/MRD2/MRD2_DCAP/P/CIR/2021/0000000591 dated 5th July, 2021 has issued master circular for Stock Exchange and Clearing Corporations.<br> The Master Circular is a compilation of all the existing/applicable circulars issued by Market Regulation Department of SEBI to Stock Exchanges and Clearing Corporations. The master circular can be referred through the following link:</p> <!-- /wp:paragraph --> <!-- wp:paragraph --> <p><a href="https://www.sebi.gov.in/legal/master-circulars/jul-2021/master-circular-for-stock-exchanges-and-clearing-.....

Sep 21, 2021

Prudential norms for liquidity risk management for open ended debt schemes

<!-- wp:paragraph --> <p>SEBI vide Circular No. EBI/HO/IMD/DF3/CIR/P/2020/22 dated 25th June, 2021 has specified norms regarding holding of liquid assets in open ended debt schemes &amp; stress testing of open ended debt schemes.<br> i. This framework specified by AMFI(Association of Mutual Funds in India) shall come into force with effect from December 1, 2021, for all the existing open ended debt schemes (except Overnight Fund, Gilt Fund and Gilt Fund with 10 year constant duration) and schemes to be launched on or thereafter.<br> ii. However, mutual funds may at their discretion, choose to .....

Sep 21, 2021

Clarification on extension of time of passing of ordinary and special resolutions by companies on account of Covid-19

<!-- wp:paragraph --> <p>MCA vide Circular No. 10/2021 dated 23th June, 2021 has clarified that companies can conduct their EGMs through VC or OAVM or transact items through postal ballot in accordance with the framework provided upto 31st December, 2021.</p> <!-- /wp:paragraph --> <!-- wp:paragraph --> <p><a href="https://www.mca.gov.in/bin/ebook/dms/getdocument?doc=MjA1NTg=&amp;docCategory=NotificationsAndCirculars&amp;type=download">https://www.mca.gov.in/bin/ebook/dms/getdocument?doc=MjA1NTg=&amp;docCategory=NotificationsAndCirculars&amp;type=download</a></p> <!-- /wp:paragraph -->.....

Sep 21, 2021

Relaxation on levy of additional fees in filing of certain forms under Companies act, 2013 and LLP act, 2008

<!-- wp:paragraph --> <p>MCA vide Circular No. 11/2021 dated 30th June, 2021 has notified that no additional fees shall be levied upto 31st August, 2021 for the delayed filing of forms (other than CHG-1 Form, CHG-4 Form and CHG-9 Form) which were due for filing during 1st April, 2021 to 30th June, 2021. For such delayed filings upto 31st August, 2021 only normal fees shall be payable.</p> <!-- /wp:paragraph --> <!-- wp:paragraph --> <p><a href="https://www.mca.gov.in/bin/ebook/dms/getdocument?doc=MjE2OTA=&amp;docCategory=NotificationsAndCirculars&amp;type=download">https://www.mca.gov.in/bin/.....

Sep 22, 2021

Tendering of shares in open offers, buy-back offers and delisting offers by marking lien in the Demat account of the shareholders.

<!-- wp:paragraph --> <p>SEBI vide Circular no. SEBI/HO/CFD/DCR-III/CIR/P/2021/615<br> dated 13th August, 2021 has issued Circular related to lien of shares tendering.<br> i. Under the existing mechanism, the shares tendered by the shareholders are required to be directly transferred to the account maintained by the Clearing Corporation and different tendering processes are being adopted by Depositories. Such transfer involves systematic risk, substantial time and cost.<br> ii. In consultation with Depositories, Clearing Corporations and Stock Exchanges, it has been decided that a lien shall b.....

Sep 22, 2021

Requirement of minimum number and holding of unit holders for unlisted Infrastructure Investment Trusts (InvITs)

<!-- wp:paragraph --> <p>SEBI vide Circular No. SEBI/HO/DDHS/DDHS_Div3/P/CIR/2021/611 dated 4th August, 2021 has clarified that Registered unlisted InvITs which have already issued units as on the date of this circular, shall comply with the provisions of sub-regulation (3) of Regulation 26B of the InvIT Regulations within a period of six months from the date of this circular.</p> <!-- /wp:paragraph --> <!-- wp:paragraph --> <p><a href="https://www.sebi.gov.in/legal/circulars/aug-2021/requirement-of-minimum-number-and-holding-of-unit-holders-for-unlisted-infrastructure-investment-trusts-invit.....

© Copyright Themesflat 2018. All Rights Reserved.