BCI rules do not permit advertisement or solicitation by advocates or their firms. This website is for information only. See Disclaimer

๐’๐„๐๐ˆ ๐๐จ๐š๐ซ๐ ๐Œ๐ž๐ž๐ญ๐ข๐ง๐  โ€“ 30.09.2024

Featured in
post-img-regstreet

The Securities and Exchange Board of India (SEBI) held its Board meeting on September 30, 2024. Here are some key highlights of the meeting:

๐€๐ฆ๐ž๐ง๐๐ฆ๐ž๐ง๐ญ๐ฌ ๐ญ๐จ ๐๐ˆ๐“ ๐‘๐ž๐ ๐ฎ๐ฅ๐š๐ญ๐ข๐จ๐ง๐ฌ:
SEBI has amended the SEBI (PIT) Regulations, 2015 to expand the scope of โ€œconnected personโ€ and โ€œimmediate relative.โ€ The revisions include adding partners and employees of firms associated with a connected person, as well as individuals sharing a household with a connected person. The term โ€œrelativeโ€ now encompasses a broader range of relationships, including spouses, parents (including in-laws) and siblings (including sibling of spouses).

๐“๐ซ๐š๐๐ข๐ง๐  ๐Œ๐ž๐œ๐ก๐š๐ง๐ข๐ฌ๐ฆ๐ฌ:
SEBI has mandated that from February 1, 2025, qualified stock brokers must offer UPI-block, ASBA-like facilities for the secondary market, or a three-in-one trading account. Clients can also continue using the current system of transferring funds to Trading Members.

๐Œ๐… ๐‹๐ข๐ญ๐ž ๐…๐ซ๐š๐ฆ๐ž๐ฐ๐จ๐ซ๐ค ๐Ÿ๐จ๐ซ ๐๐š๐ฌ๐ฌ๐ข๐ฏ๐ž ๐…๐ฎ๐ง๐๐ฌ:
SEBI has introduced a liberalized Mutual Funds Lite (MF Lite) framework for passively managed schemes, featuring relaxed regulatory requirements to facilitate easier entry into the mutual fund market. This initiative aims to attract more participants, while simplifying trustee responsibilities to ease compliance burdens.

๐Ž๐ƒ๐ˆ ๐ƒ๐ข๐ฌ๐œ๐ฅ๐จ๐ฌ๐ฎ๐ซ๐ž ๐‘๐ž๐ ๐ฎ๐ฅ๐š๐ญ๐ข๐จ๐ง ๐‚๐ก๐š๐ง๐ ๐ž๐ฌ:
SEBI has updated the regulations for Offshore Derivative Instruments (ODIs) by establishing a monitoring and compliance mechanism. This will ensure that ODI-issuing Foreign Portfolio Investors provide necessary information about ODI subscribers to depositories, along with segregated portfolio-level details to the Designated Depository Participant or Custodian.

๐๐ž๐ฐ ๐€๐ฌ๐ฌ๐ž๐ญ ๐‚๐ฅ๐š๐ฌ๐ฌ:
SEBI has approved a new asset class, offering a middle ground between mutual funds and portfolio management services with a minimum investment of Rs.10 lakh, aiming to provide investors more flexibility and potential for higher returns.

๐…๐š๐ฌ๐ญ๐ž๐ซ ๐‘๐ข๐ ๐ก๐ญ๐ฌ ๐ˆ๐ฌ๐ฌ๐ฎ๐ž ๐๐ซ๐จ๐œ๐ž๐ฌ๐ฌ:
SEBI has streamlined the rights issue process to be completed in 23 working days, allowing promoters to renounce rights to specific investors. Additionally, a single filing system for listed entities across stock exchanges has been approved.

๐ƒ๐ข๐ฌ๐œ๐ฅ๐จ๐ฌ๐ฎ๐ซ๐ž๐ฌ ๐ƒ๐ž๐š๐๐ฅ๐ข๐ง๐ž:
SEBI has extended the disclosure deadline to 3 hours (from 30 minutes) for board meeting outcomes after trading hours and to 72 hours (from 24 hours) for litigations, provided the information is kept in a structured digital database.

The Press Release is enclosed herewith.

Stay informed with Regstreet Law Advisors as we continue to monitor and provide insights into the evolving landscape of financial regulations.

Latest RegPost

SEBI ๐๐จ๐š๐ซ๐โ€™๐ฌ ๐‹๐ข๐ฆ๐ข๐ญ๐ž๐ ๐€๐ฎ๐ญ๐ก๐จ๐ซ๐ข๐ญ๐ฒ ๐Ž๐ฏ๐ž๐ซ ๐€๐ฅ๐ฅ๐ž๐ ๐š๐ญ๐ข๐จ๐ง๐ฌ ๐€๐ ๐š๐ข๐ง๐ฌ๐ญ ๐’๐„๐๐ˆ ๐‚๐ก๐š๐ข๐ซ๐ฉ๐ž๐ซ๐ฌ๐จ๐ง: ๐„๐ฑ๐ฉ๐ž๐ซ๐ญ๐ฌ ๐–๐ž๐ข๐ ๐ก ๐ˆ๐ง

Read More

๐’๐„๐๐ˆ ๐ฉ๐ซ๐จ๐ฉ๐จ๐ฌ๐ž๐ฌ ๐ž๐ฑ๐ž๐ฆ๐ฉ๐ญ๐ข๐ง๐  ๐๐‚๐’ ๐ญ๐ซ๐š๐ง๐ฌ๐š๐œ๐ญ๐ข๐จ๐ง๐ฌ ๐Ÿ๐ซ๐จ๐ฆ ๐ญ๐ซ๐š๐๐ข๐ง๐  ๐ฐ๐ข๐ง๐๐จ๐ฐ ๐ง๐จ๐ซ๐ฆ๐ฌ

Read More

๐…๐ฅ๐ž๐ฑ๐ข๐›๐ข๐ฅ๐ข๐ญ๐ฒ ๐ข๐ง ๐ฉ๐š๐ซ๐ญ๐ข๐œ๐ข๐ฉ๐š๐ญ๐ข๐จ๐ง ๐จ๐Ÿ ๐Œ๐ฎ๐ญ๐ฎ๐š๐ฅ ๐…๐ฎ๐ง๐๐ฌ ๐ข๐ง ๐‚๐ซ๐ž๐๐ข๐ญ ๐ƒ๐ž๐Ÿ๐š๐ฎ๐ฅ๐ญ ๐’๐ฐ๐š๐ฉ๐ฌ

Read More

Cateories