| Notifications/Circulars |
Category : SEBI |
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Gold Exchange Traded Fund Scheme (Gold ETFs) Investment in Gold Deposit Scheme (GDS) of Banks
Posted Date : 18-Feb-2013 , 07:50:26 pm | Posted By: Vinay Sharma
CIRCULAR
CIR/IMD/DF/04/2013 February 15, 2013
All Mutual Funds/Asset Management Companies (AMCs)/
Trustee Companies/Boards of Trustees of Mutual Funds/
All Depositories
Sir/ Madam,
Sub: Gold Exchange Traded Fund Scheme (Gold ETFs)
Investment in Gold Deposit Scheme (GDS) of Banks
1. SEBI (Mutual Funds) Regulations, 1996, (MF Regulations) permits Gold Exchange
Traded Fund scheme (Gold ETFs) to invest primarily in:
a) Gold
b) Gold related ins...
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Gold ETFs of mutual funds permitted to invest in Gold Deposit Scheme of banks
Posted Date : 16-Feb-2013 , 03:30:45 pm | Posted By: Vinay Sharma
GOLD EXCHANGE TRADED FUND SCHEME (GOLD ETFs) - INVESTMENT IN GOLD DEPOSIT SCHEME (GDS) OF BANKS
CIRCULAR NO. IMD/DF/04/2013, DATED 15-2-2013
1.SEBI (Mutual Funds) Regulations, 1996, (MF Regulations) permits Gold Exchange Traded Fund scheme (Gold ETFs) to invest primarily in:
(a) Gold
(b) Gold related instruments - Regulation 2(mc) of MF Regulations stipulates that gold related instruments are such instruments having gold as underlying, as are specified by SEBI from time to time.
Please al...
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SEBI |
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Introduction of Periodic Call Auction for Illiquid Scrips and Extension of Pre-Open Session to all Scrips
Posted Date : 15-Feb-2013 , 03:08:49 pm | Posted By: Vinay Sharma
CIRCULAR
CIR/MRD/DP/ 6/2013 February 14, 2013
To
All Stock Exchanges
Dear Sir/Madam,
Sub: Introduction of Periodic Call Auction for Illiquid Scrips and Extension of
Pre-open Session to all Scrips.
1. SEBI vide circular no CIR/MRD/DP/21/2010 dated July 15, 2010 introduced Call
Auction in Pre-open session on pilot basis at NSE and BSE for scrips forming part of
Nifty and Sensex. Vide circular CIR/MRD/DP/ 01/2012 dated January 20, 2012, the
fr...
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SEBI |
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Requirements of Reconstruction Scheme revised for Listed Companies and Stock Exchanges
Posted Date : 06-Feb-2013 , 01:41:29 pm | Posted By: Vinay Sharma
Scheme of Arrangement under the Companies Act, 1956 - Revised requirements for the Stock Exchanges and Listed Companies
CIRCULAR no. CFD/DIL/5/2013, DateD 4-2-2013
1. Vide Circular No. SEBI/CFD/SCRR/01/2009/03/09, dated September 3, 2009 ("Circular") certain requirements were prescribed for seeking exemption under sub-rule (7) of rule 19 of the Securities Contracts (Regulation) Rules, 1957 ("SCRR, 1957") from strict enforcement of clause (b) to sub-rule (2) of rule 19 by listed com...
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Mechanism for
Posted Date : 25-Jan-2013 , 06:51:38 pm | Posted By: Vinay Sharma
Comprehensive guidelines on Offer For Sale (OFS) of Shares by Promoters through the Stock Exchange Mechanism
CIRCULAR No. MRD/DP/04/2013, dated 25-1-2013
1. Comprehensive guidelines on sale of shares through OFS mechanism were issued vide Circular No. MRD/DP/18/2012, dated July 18, 2012. Based on past experience of sale of shares through OFS, the mechanism of OFS has been found to be useful by market participants and popular for offloading shares of promoters in listed companies in ord...
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SEBI Prescribes Guidelines for providing dedicated Debt Segment on Stock Exchanges
Posted Date : 25-Jan-2013 , 11:50:25 am | Posted By: Vinay Sharma
CIR/MRD/DP/03/2013 January 24, 2013 To
All Stock Exchanges and Clearing Corporations
Dear Sir / Madam,
Sub: Guidelines for providing dedicated Debt Segment on Stock Exchanges.
1. The market for debt securities differs from equity markets in several ways such as risk, returns, liquidity, type of participants and method of trading. While publicly issued debt securities are listed, traded and settled in a manner similar to equity, privately placed debt is usually traded between ins...
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SEBI |
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SEBI prescribes guidelines for identification of beneficial ownership by registered intermediaries
Posted Date : 24-Jan-2013 , 07:29:41 pm | Posted By: Vinay Sharma
Guidelines on Identification of Beneficial Ownership
CIRCULAR NO. MIRSD/2/2013, DATED 24-1-2013
1. SEBI Master Circular No. ISD/AML/3/2010 dated December 31, 2010 has mandated all registered intermediaries to obtain, as part of their Client Due Diligence policy, sufficient information from their clients in order to identify and verify the identity of persons who beneficially own or control the securities account. The beneficial owner has been defined in the circular as the natural...
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SEBI (INVESTMENT ADVISERS) REGULATIONS, 2013
Posted Date : 23-Jan-2013 , 12:42:36 pm | Posted By: CA.VIRAL JANI
In exercise of the powers conferred by sub-section (1) of Section 30 read with clause (b) of sub-section (2) of Section 11 of the Securities and Exchange Board of India Act, 1992 (15 of 1992), the Securities and Exchange Board of India hereby, makes the following regulations, namely, -
CHAPTER I
PRELIMINARY
Short title and commencement.
1.(1) These regulations may be called the Securities and Exchange Board of India (Investment Advisers) Regulations, 2013.
(2) These regulations shall come...
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SEBI (Investment Advisers) Regulations, 2013 notified
Posted Date : 22-Jan-2013 , 02:07:26 pm | Posted By: Vinay Sharma
SEBI (INVESTMENT ADVISERS) REGULATIONS, 2013
NOTIFICATION No. LAD-NRO/GN/2012-13/31/1778, dated 21-1-2013
In exercise of the powers conferred by sub-section (1) of Section 30 read with clause (b) of sub-section (2) of Section 11 of the Securities and Exchange Board of India Act, 1992 (15 of 1992), the Securities and Exchange Board of India hereby, makes the following regulations, namely, -
CHAPTER I
PRELIMINARY
Short title and commencement.
1. (1) These regulations may be called the ...
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Posted Date : 21-Jan-2013 , 04:04:24 pm | Posted By: Vinay Sharma
SEBI Board Meeting - Review of Offer for Sale (OFS) through stock exchange mechanism; Margin Requirement for Institutional orders placed in OFS and Visibility of order book, etc.
Press Release No. 17/2013, dated 18-1-2013
The SEBI Board met in Chennai today and took the following decisions:
1. Review of Offer for Sale (OFS) through stock exchange mechanism
The Board noted that the OFS mechanism has been found to be useful by market participants and popular for offloading shares of pro...
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Listed co. can
Posted Date : 18-Jan-2013 , 02:11:00 pm | Posted By: Vinay Sharma
Amendments to SEBI (Employee Stock Option Scheme and Employee Stock Purchase Scheme) Guidelines, 1999 and Equity Listing Agreement
Circular no. CFD/DIL/3/2013, dated 17-1-2013
1. SEBI (Employee Stock Option Scheme and Employee Stock Purchase Scheme) Guidelines, 1999 ("SEBI (ESOS & ESPS) Guidelines") were issued to enable listed entities to reward their employees through stock option schemes and stock purchase schemes and to ensure that such schemes introduced by the companies are...
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Rationalisation process for obtaining PAN by Investors
Posted Date : 14-Jan-2013 , 06:58:36 pm | Posted By: Vinay Sharma
CIRCULAR CIR/MIRSD/01 /2013 January 04, 2013
1. All Recognized Stock Exchanges 2. Stock Brokers through Recognized Stock Exchanges 3. Depository Participants through Depositories 4. Mutual funds 5. Association of Mutual Funds in India 6. Portfolio Managers 7. KYC Registration Agencies (KRAs) 8. Alternative Investment Funds (AIFs) 9. Collective Investment Schemes (CIS)
Dear Sir,
Sub: Rationalisation process for obtaining PAN by Investors
1. Please refer to SEBI circular no CIR/MIRSD/16/201...
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SEBI |
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Clarification on Clause 36 of the Equity Listing Agreement
Posted Date : 12-Jan-2013 , 12:00:38 pm | Posted By: Vinay Sharma
CIRCULARCIR/CFD/DIL/2/2013 January 3, 2013
To
The Stock Exchanges
Dear Sir/Madam
Sub: Clarification on Clause 36 of the Equity Listing Agreement
1. It has been brought to our notice that certain listed companies have been giving monthly disclosure of their sales/turnover/production figures to their respective trade bodies/industry associations and the same is not disclosed to the stock exchanges.2. The listed companies are guided by Clause 36 of the Listing Agreement of t...
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SEBI (Self Regulatory Organizations) (Amendment) Regulations, 2013
Posted Date : 10-Jan-2013 , 02:43:07 pm | Posted By: Vinay Sharma
notification No. LAD-NRO/GN/2012-13/27/5469, dated 7-1-2013
In exercise of the powers conferred by section 30 of the Securities and Exchange Board of India Act, 1992 (15 of 1992), the Board hereby makes the following regulations to amend the Securities and Exchange Board of India (Self Regulatory Organizations) Regulations, 2004, namely:-
1. These regulations may be called the Securities and Exchange Board of India (Self Regulatory Organizations) (Amendment) Regulations, 2013.
2. They s...
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SEBI |
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Government Reviews Foreign investment Policy for Assets Reconstruction Sector
Posted Date : 22-Dec-2012 , 03:30:10 pm | Posted By: Vinay Sharma
Government Reviews Foreign investment Policy for Assets Reconstruction Sector; Ceiling for FDI in ARCs increased from 49% to 74% The Central Government had permitted Foreign Direct Investment (FDI) in the equity capital of Asset Reconstruction Company (ARCs) upto 49% vide Press Release dated 08.11.2005. Further, on 09.11.2005, the Government permitted the Foreign Institutional Investors (FIIs) registered with the Securities and Exchange Board of India (SEBI) to invest in Security Receip...
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SEBI |
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SEBI : Norms for
Posted Date : 20-Dec-2012 , 01:10:29 pm | Posted By: Vinay Sharma
Requirement of Base Minimum Capital for Stock Broker and Trading Member
CIRCULAR No. MRD/DRMNP/36/2012, dated 19-12-2012
1. SEBI vide circular No. SMD/SED/RCG/270/96, dated January 19, 1996, and circular No. MRD/DoP/SE/Cir-07/2005 dated February 23, 2005 had prescribed the requirement of Base Minimum Capital (BMC) for stock brokers trading on stock exchange. BMC is the deposit given by the member of the exchange against which no exposure for trades is allowed.
2. The BMC deposit requirem...
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Stock Exchanges to implement measures to prevent aberrant orders or uncontrolled trades
Posted Date : 15-Dec-2012 , 09:55:05 pm | Posted By: Vinay Sharma
Pre-trade Risk Controls
CIRCULAR no. MRD/DP/34/2012, dated 13-12-2012
1. SEBI has issued various circulars from time to time to implement risk management in cash market and equity derivatives segments. Stock exchanges have operationalised these measures by putting in place checks to be carried out at their end and by the stock brokers.
2. The recent incidents of erroneous orders have brought to fore certain areas that require additional risk control measures to mitigate disruption of tr...
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SEBI (Prohibition of Fraudulent and Unfair Trade Practices Relating to Securities Market) (Amendment) Regulations, 2012
Posted Date : 15-Dec-2012 , 09:54:22 pm | Posted By: Vinay Sharma
SEBI (PROHIBITION OF FRAUDULENT AND UNFAIR TRADE PRACTICES RELATING TO SECURITIES MARKET) (AMENDMENT) REGULATIONS, 2012 – Amendment in regulation 4
Notification No. LAD-NRO/GN/2012-13/25/5455, dated 11-12-2012
In exercise of the powers conferred by section 30 of the Securities and Exchange Board of India Act, 1992 (15 of 1992), the Board hereby makes the following Regulations to further amend the Securities and Exchange Board of India (Prohibition of Fraudulent and Unfair Trade Pra...
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SEBI
Posted Date : 15-Dec-2012 , 09:53:42 pm | Posted By: Vinay Sharma
Procedural norms on Recognitions, Ownership and Governance for Stock Exchanges and Clearing Corporations
CIRCULAR NO. MRD/DSA/33/2012, DATED 13-12-2012
The Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2012 (henceforth referred to as ‘SECC Regulations’) were notified on June 20, 2012. In terms of the powers under regulation 51 of the SECC Regulations, the Board hereby issues the following instructions for the effective implementati...
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SEBI |
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Inventory Management for Market Makers of SME Exchange / Platform
Posted Date : 07-Dec-2012 , 04:42:57 pm | Posted By: ASP
Securities and Exchange Board of India
CIRCULAR
CIR/MRD/DSA/31/2012 November 27, 2012
To
The Managing Director/Executive Director
of all Stock Exchanges, Clearing Houses/Corporations
Dear Sir / Madam,
Sub: Inventory Management for Market Makers of SME Exchange / Platform
1. SEBI vide circular dated April 26, 2010 has issued guidelines for market makers on stock exchange/trading platform by a recognized stock exchange having nationwide trading terminals for Small and Medium Ente...
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Review of the Securities Lending and Borrowing (SLB) Framework
Posted Date : 07-Dec-2012 , 04:39:41 pm | Posted By: ASP
Securities and Exchange Board of India
CIRCULAR
CIR/MRD/DP/ 30 /2012 November 22, 2012
To
All Stock Exchanges and Depositories
Dear Sir / Madam,
Sub: Review of the Securities Lending and Borrowing (SLB) Framework
1. The framework for SLB was specified vide circular no. MRD/DoP/SE/Dep/Cir-14 /2007 dated December 20, 2007 and operationalised with effect from April 21, 2008. The SLB framework was revised vide circular no. MRD/DoP/SE/Cir- 31/2008 dated October 31, 2008, circular no. M...
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SEBI |
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Printing of Grievances Redressal Mechanism on Delivery Instruction Form Book
Posted Date : 24-Sep-2012 , 11:38:59 am | Posted By: CA. KRISHAN KUMAR SAINI
CIR/MRD/DP/DA/ 25 /2012 September 21, 2012
To
All Depositories
Dear Sir / Madam,
Sub: Printing of Grievances Redressal Mechanism on Delivery Instruction Form Book
1. Please refer to SEBI circular no. SEBI/MRD/DOP/Cir-22/2004 dated July 14, 2004 which specified the information regarding grievance redressal mechanism to be printed on the inside back cover of the Delivery Instruction Form Book issued by all Depository Participants.
2. The contents to be printed in the Delivery Instruction F...
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Processing of Investor complaints against KRA {KYC (Know Your Client) Registration Agency} in SEBI Complaints Redress System (SCORES)
Posted Date : 24-Sep-2012 , 11:38:00 am | Posted By: CA. KRISHAN KUMAR SAINI
CIR/MIRSD/12/2012 September 21, 2012
To
All KYC Registration Agency (KRAs)
Dear Sir/Madam,
Sub: Processing of Investor complaints against KRA {KYC (Know Your Client)
Registration Agency} in SEBI Complaints Redress System (SCORES)
1. SEBI has commenced processing of investor complaints in a centralized web based
complaints redress system, “SCORES”. The salient features of this system are:
Centralised database of all complaints,
Online movement of complaint...
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SEBI |
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Steps to re-energise Mutual Fund Industry
Posted Date : 13-Sep-2012 , 09:59:55 pm | Posted By: CA. KRISHAN KUMAR SAINI
CIR/IMD/DF/21/2012 September 13, 2012
All Mutual Funds/Asset Management Companies (AMCs)/
Trustee Companies/Boards of Trustees of Mutual Funds
Sir / Madam,
Sub: Steps to re-energise Mutual Fund Industry
In order to increase penetration of mutual fund products and to energise the
distribution network while protecting the interest of investors, SEBI held a series of
meetings with various stakeholders in the mutual fund industry. Mutual Fund Advisory
Committee (MFAC) also deliberated and ...
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SEBI |
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Application Supported by Blocked Amount (ASBA) facility in public/ rights issue
Posted Date : 13-Sep-2012 , 09:58:00 pm | Posted By: CA. KRISHAN KUMAR SAINI
CIR/CFD/DIL/12/2012 September 13, 2012
To
All Registered Bankers to an Issue
Dear Sir/Madam,
Sub: Application Supported by Blocked Amount (ASBA) facility in public/ rights
issue
1. This has reference to SEBI Circular No. SEBI/CFD/DIL/ASBA/1/2009/30/12 dated
December 30, 2009, on the captioned subject.
2. It has come to our notice that some banks while making applications on own account
using ASBA facility are doing so without having clear demarcated funds and that some
b...
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Addendum to Circular No. CIR/MRD/DP/21/2012 dated August 02, 2012 on activation of ISIN in case of additional issue of shares/ securities
Posted Date : 12-Sep-2012 , 02:00:11 pm | Posted By: CA. KRISHAN KUMAR SAINI
CIR/MRD/DP/ 24 /2012 September 11, 2012
To,
The Depositories,
The Stock Exchanges
Dear Sir,
Sub: Addendum to Circular No. CIR/MRD/DP/21/2012 dated August 02, 2012 on
activation of ISIN in case of additional issue of shares/ securities
1. Please refer to SEBI circular CIR/MRD/DP/21/2012 dated August 02, 2012 on
activation of ISIN in case of additional issue of shares/ securities.
2. In partial modification, the earlier point 3 and 5 of the aforesaid circular shall be
replaced as under...
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Know Your Client Requirements
Posted Date : 10-Sep-2012 , 09:09:38 am | Posted By: CA. KRISHAN KUMAR SAINI
CIRCULAR
CIR/MIRSD/ 11 /2012 September 5, 2012
1.Stock Brokers through Recognized Stock Exchanges
2. Depository Participants through Depositories
3. Mutual funds
4. Association of Mutual Funds in India
5. Portfolio Managers
6. KYC Registration Agencies (KRAs)
7. Alternative Investment Funds (AIFs)
8. Collective Investment Schemes (CIS)
Dear Sir,
Sub: Know Your Client Requirements
1. This has reference to SEBI circulars No CIR/MIRSD/16/2011 dated August 22,
2011 and MIRSD/SE/Cir-21...
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Amendment to the Equity Listing Agreement - Platform for E-Voting by Shareholders of Listed Entities
Posted Date : 17-Jul-2012 , 02:38:38 pm | Posted By: CA. SURESH Kr. AGARWAL
CIR/CFD/DIL/6/2012 July 13, 2012
To All Recognised Stock Exchanges Dear Sir/Madam,
Sub: Amendment to the Equity Listing Agreement - Platform for E-Voting by Shareholders of Listed Entities
1. Section 192A of the Companies Act, 1956, read with the Companies (Passing of the Resolution by Postal Ballot) Rules, 2001 (the Rules) obligates the listed companies to conduct certain businesses only by way of postal ballot. The Companies Act and the Rules also permit the companies to pass any other busi...
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Portfolio Managers
Posted Date : 17-Jul-2012 , 02:35:54 pm | Posted By: CA. SURESH Kr. AGARWAL
Cir. /IMD/DF-1/16/2012 July 16, 2012
All Portfolio Managers
Dear Sir/ Madam,
Sub: Portfolio Managers – Deployment of clients fund in liquid Mutual Funds.
1. SEBI has received representation from various portfolio managers seekingclarification regarding investment in short term liquid Mutual Funds by portfoliomanagers.2. It is hereby clarified that pending investment of funds, any short term deploymentof funds in liquid Mutual Funds for the purpose of cash management shall bemaintained...
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SEBI |
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FII Investment in Government debt long term and corporate debt long term infra category
Posted Date : 28-Jun-2012 , 10:32:36 am | Posted By: CA. SURESH Kr. AGARWAL
CIR/ IMD/ FII&C/ 15/ 2012 June 26, 2012
ToAll SEBI Registered Foreign Institutional Investorsthrough their designated Custodians of Securities
Sir / Madam,
Sub: FII Investment in Government debt long term and corporate debt long terminfra category
1. The Reserve Bank of India (RBI), vide its circular dated June 25, 2012 has decided toenhance the existing limit for investment by SEBI registered Foreign InstitutionalInvestors (FIIs) in Government debt by a further amount of USD 5 billion t...
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