Markets regulator SEBI on Friday extended relaxations for companies with regard to compliance with procedural norms on rights issues opening till March 31, 2022. As per Issue of Capital and Disclosure Requirements norms, an application for a rights issue shall be made only through the ASBA facility. However, because of the COVID-19 pandemic and to ensure that all eligible shareholders can apply to rights issues during such times Sebi had in May 2020 said that […]

Markets regulator Sebi on Friday extended relaxations for companies with regard to compliance with procedural norms on rights issues opening till March 31, 2022. As per Issue of Capital and Disclosure Requirements norms, an application for a rights issue shall be made only through the ASBA facility. However, because of the COVID-19 pandemic and to ensure that all eligible shareholders can apply to rights issues during such times Sebi had in May 2020 said that […]

Markets regulator Sebi on Thursday extended the deadline for investment advisers to conduct the annual compliance audit for the financial year ended March 31. The timeline for compliance with the requirements has been extended by three months, Sebi said in a circular. For the financial year ending March 31, 2021, the investment advisers (IA) are now required to conduct the annual compliance audit by December 31, 2021, and submit the adverse findings of the audit, […]

The board of the Securities and Exchange Board of India (Sebi) Tuesday approved measures to make mergers and acquisitions of listed companies easier and allow the establishment of gold and social stock exchanges in the country. It also cleared proposals to tighten related party transactions, launch silver exchange-traded funds (ETFs) and relax rules on superior voting rights (SVRs) for promoters of new-age tech companies, to encourage Indian startups to list locally. Acquirers will be allowed […]

Market Access through Authorized Persons Attention of Members’ is drawn to Exchange circular NSE/INSP/42448 dated October 18, 2019, which mandates Members to exercise adequate control and due diligence over the activities & transactions of their Authorized Persons (APs) and conduct their periodic inspection in the manner as specified therein. A) All inspections undertaken during a financial year including the quantum should comply with guidelines prescribed in Exchange circular NSE/INSP/42448 dated October 18, 2019. B ) […]