NEWSLETTERS

Home >> News & Views >> Newsletter
28 Aug 2018

While the due date of filing Annual KYC by persons holding DIN has been extended, the following note elaborates key issues relating to the KYC requirements. As part of updating its registry, Ministry of Corporate Affairs of India (MCA) would be conducting KYC of all Directors of all companies annually through the new eform viz. DIR-3 KYC.  The following are the Key Issues relating to the Annual KYC requirements:  Click to read more.

Share This :

09 Aug 2018

The SEBI Board in its June 21st meeting considered the proposal to discontinue the category of subbroker as market intermediary. The main reason for such a proposal is that, under current regulations and the procedure prescribed by the Stock Exchanges, there is no difference between the role and functioning of a Sub-Broker and that of an Authorised Person (AP).

Share This :

02 Aug 2018

In the matter of Nirmal N. Kotecha (Misc. Application 215/2018) August 1, 2018 The applicant in this case was restrained from dealing in the securities market in an ex-parte order dated April 23, 2009. The final order dated March 22, 2018 continued the restrain for a period of 14 years from the date of the ex-parte order. This order was passed pursuant to the investigation in the matter of Pyramid Saimara Ltd.

Share This :

26 Jul 2018

In the matter of Association of National Exchanges Members of India (Appeal No.260 of 2018) (Decided on 26.7.2018)The appeal has been filed against the respondents (NSE & SEBI) on the ground that there is ambiguity in the circular issued by the NSE regarding the quantum of securities transaction tax levied on stock deriavatives.

Share This :

19 Jul 2018

Strengthening the Guidelines and Raising Industry standards for RTAs, Issuer Companies and Banker to an Issue – Clarification (SEBI/HO/IRSD/DOS3/CIR/P/2018/115) July 16, 2018 SEBI, vide its earlier circular dated April 20,2018, inter-alia, mandated RTAs to send a letter under Registered / Speed post to all securities holders holding securities in physical form, seeking PAN and bank details within 90 days of the said circular and two reminders thereof after the gap of 30 days.

Share This :

13 Jul 2018

It is going to cost more for the companies in the form of additional fee of Rs.100/- per day if the Company fails to file the annual accounts and annual returns with in due date as provided under the Companies Act, 2013.

Share This :

12 Jul 2018

SEBI vide its earlier circular dated August 27, 2003, had released the Mode of Payment and Delivery with regard to transaction between clients and stock brokers. It was stated that brokers and sub-brokers should not accept cash from the client whether against obligations or as margin for purchase of securities and / or give cash against sale of securities to the clients.

Share This :

05 Jul 2018

In order to provide ease of doing business to Angel Funds, SEBI vide notification dated June 1,2018 has amended the Alternative Investment Fund (AIF) Regulation. This amendment simplified the regulatory provisions with regard to the angel funds including Regulation 19(E) which deals with filing of scheme details with SEBI.

Share This :

29 Jun 2018

The Reserve Bank of India (RBI’), vide its Circular - RBI/2017-18/194 A.P (DIR Series) Circular No.30 dated June 07, 2018, has introduced an Integrated reporting system called Single Master Form (SMF). The introduction of SMF is with the objective of integrating the various reporting structures of foreign investment in India.

Share This :

28 Jun 2018

In the matter of Super Domestic Machines Ltd. (A.O No.EAD-9/SM/59/2018-19) Decided on June 27,2018
Brief Facts: Super Domestic Machines Ltd. is a company whose shares are listed under Bombay Stock Exchange. Sanjeev Burman Jhaveri, the notice is a shareholder of the company and had acquired 5400 shares of the company on January 21, 2015 and his total shareholding in the company had increased to 2, 17,700 shares i.e., 5.02% of the total share capital of the company.

Share This :