BSE vide Circular no. DCS/COMP/20/2016-17 on Wednesday, 18th January, 2017 with regard to mandatory filing of information with the Exchange in electronic mode, it had previously mandated filing of SHP & Corporate Governance Report in XBRL mode. Accordingly, it has now been decided that filing of Voting Results under Regulation 44 of LODR have to […]

SEBI vide Circular No. SEBI/HO/MRD/DSA/CIR/P/2017/5 on Thursday, 5th January, 2017 stated that Exclusively Listed Companies (ELCs) of De-recognized/Non-operational/exited Stock Exchanges placed in the Dissemination Board (DB) were given 3 months time period to submit action plan to list or to provide exit to shareholders vide SEBI Circular dt. 10th October, 2016. However, representation has been […]

SEBI vide Circular No. SEBI/HO/CFD/CMD/CIR/P/2017/004 on Thursday, 5th January, 2017 stated that as The Companies, Act 2013 & SEBI (LODR) Reg., 2015 contains several mandatory provisions of Board Evaluation for listed entities. However, this being at nascent stage in India, to provide clarity & guidance to listed entities, a guidance note is issued by SEBI […]

SEBI vide Notification No. SEBI/LAD/NRO/GN/2016-17/025 on Wednesday, 4th January, 2017 notified Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Third Amendment) Regulations, 2016 which shall come into force on the date of publication in Official Gazette i.e. 3rd January, 2016; hereby undertaking following amendments in the Regulation 26: the title is substituted […]

SEBI vide Circular no. SEBI/HO/IMD/DF1/CIR/P/2016/140 on Friday, 23rd December, 2016 with reference to the Rule 14(1) & Rule 14(3) of Companies (Prospectus and Allotment of Securities) Rules, 2014, which provided that whenever a company make an offer or invitation to subscribe to securities through issue of a private placement offer letter in Form PAS-4 and maintain […]

SEBI vide Circular no. CFD/DCR/CIR/2016/139 on Wednesday, 21st December, 2016 based on circular dt 01.12.2015 which had introduced the system-driven disclosures in securities market detailing the procedure to be adopted for its implementation with effect from 01.01.2016 which laid down that Depositories shall provide daily trade data of promoter/promoter group to RTA & for disclosure […]

SEBI vide Circular no. CFD/DCR2/CIR/P/2016/131 on December 9, 2016; in order to streamline & ease the process for Acquisition of Shares in Tender-Offers made for Takeover, Buy-Back & Delisting of securities and to reduce the systematic risk for investors, it has now been decided that transfer of shares of shareholders under the tender offers would […]

SEBI issued a clarification regarding provision of Regulation 33(3)(c)(i) of SEBI (LODR) Regulations, 2015 stating that every listed entity shall submit unaudited Financial Statement accompanied by Limited Review report by statutory auditors for both Standalone & Consolidated. No specific exemption has been given from the requirement of submitting the Limited Review Report along with the Unaudited […]

SEBI vide Circular no. SEBI/HO/CFD/CMD/CIR/P/2016/116 on October 26, 2016; in order to ensure effective enforcement, has decided to freeze Demat Accounts of Promoter & Promoter group in case listed entities have not paid fines levied by RSEs for non-compliance in the following manner: If not paid fine as per notice issued by RSE: freeze holdings […]

Previously SEBI Circular dt. 30.11.2015 prescribed that in financial results of the company ‘Revenue from Operations’ may be disclosed net of excise duty. However, subsequently MCA vide notification dt. 06.04.2016 notified Schedule III of Companies Act, 2013, according to which it should be disclosed inclusive of excise duty. Thus to follow uniform approach, it has […]