November 23, 2022 Summary of the Circular issued by BSE on 22/11/2022 BSE issues FAQs on Social Stock Exchange(SSE) Further to recent amendments with regard to SSE, BSE has compiled the FAQs which addresses many aspects of it including the following: Minimum reporting standards for a Social Enterprise Eligibility criteria for registering with/raising funds [...]
November 18, 2022 Summary of the Notification and Circular issued by SEBI on 14/11/2022 and 17/11/2022 respectively I. SEBI notifies amendments to Listing Regulations relating to Independent Directors, further issue of securities,submission of Financial result and scheme(s) of arranagement w.e.f 14th November 2022 Independent Directors The appointment, re-appointment or removal of an independent directors [...]
November 10, 2022 Summary of the Notification issued by SEBI dated 09/11/2022. SEBI issues Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) (Amendment) Regulations, 2022 to further amend Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 Key highlights of the Notification are: In Regulation 8(2)(d) for [...]
November 08, 2022 Summary of the Master Circular issued by SEBI on 07/11/2022 Master Circular on the redressal of investor grievances through the SEBI Complaints Redress System (SCORES) platform Key highlights of the circular are as follows: 1. Grievance Redressal Hierarchy: It is now mandatory for investors to first take up their grievances for redressal with [...]
Summary of the circular issued by NSE on 04/11/2022 NSE notifies action that will be taken for non-compliance w.r.t SDD NSE had earlier notified vide its circular no. NSE/CML/2022/51 dated October 28, 2022 on SOPs for compliance with SDD under PIT Regulations. It has now notified that if the listed company doesn't comply with [...]
Summary of the Circular issued by IBBI dated 02/11/2022 IBBI prescribes revised format of Annual Compliance Certificate for Insolvency Professional Agencies In furtherance to Circular issued by IBBI dated 31/10/2022 and in consequence of amendments in Insolvency and Bankruptcy Board of India (Model Bye-Laws and Governing Board of Insolvency Professional Agencies) Regulations, 2016, and [...]
November 02, 2022 Summary of the notification issued by IBBI on 31/10/2022 IBBI amends Model Bye-Laws and Governing Board of Insolvency Professional Agencies(IPAs) regulations Key highlights of the amendment are as follows: 1. Dissemination of disclosure of interest received from IPs: Duty of the IPA has been amended to include facilitation of receipt of relationship disclosures from [...]
October 31, 2022 Summary of the circular issued by NSE on 28/10/2022 NSE issues Standard Operating Process under SEBI (PIT) Regulations, 2015 for ensuring compliance with Structured Digital Database (SDD) Companies are required to submit a quarterly compliance certificate, by emailing it to the designated email ID, which has to be certified either by [...]
October 04, 2022 Summary of the circular and notification issued by SEBI, BSE, NSE and IBBI 03/10/2022 and 30/09/2022 Extension of timeline for entering the details of the existing outstanding non-convertible securities in the ‘Security and Covenant Monitoring’ system hosted by Depositories SEBI has extended the timeline for the issuers to update their existing [...]
September 30, 2022 Summary of the notification issued by IBBI on 28/09/2022 IBBI notifies additional rules for IPEs which intend to get appointed as IPs under Insolvency Professionals Regulations Key highlights of the amendment are: 1. Eligibility criteria for an Insolvency Professional Entity (IPE)- No IPE shall be eligible to be registered as an insolvency professional, [...]