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Securities and Exchange Board of India (SEBI)

  1. Manner of achieving minimum public shareholding requirements in terms of SCRR, 1957

    With a view to facilitate listed entities to comply with the minimum public shareholding requirements within the time specified in Securities Contracts (Regulation) Rules, 1957 ("SCRR, 1957"), the following additional methods shall be available: -

    1. Rights Issues to public shareholders, with promoters/promoter group shareholders forgoing their rights entitlement.
    2. Bonus Issues to public shareholders, with promoters/promoter group shareholders forgoing their bonus entitlement

    Listed entities desirous of achieving the minimum public shareholding requirement through other means may approach SEBI with appropriate details. Further, listed entities desirous of seeking any relaxation from the available methods may approach SEBI with appropriate details.

  2. Investment by Qualified Foreign Investors (QFIs) in “to be listed” Indian Corporate Debt Securities

    With a view to align the eligibility criteria for investment in debt securities between SEBI and RBI, and to bring QFI and FII at par for investment in “to be listed” debt securities, it has now been decided to allow QFIs to invest in “to be listed” corporate debt securities directly from the issuer.

    In the circumstance that the debt issue cannot be listed within 15 days of issue for any reasons whatsoever, then the holding of the QFI shall be sold off only to domestic participants/investors until the securities are listed.

  3. Formats for disclosure under Regulation 30 of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011(Regulations)

    The format for continual disclosures under regulation 30(1) and 30(2) of the Regulations has been revised.

    For further details and format, please refer to the web link of the captioned circular above.

  4. Formats under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011(Regulations).

    In order to ensure that adequate disclosures are made to help investors in taking an informed decision, it has been decided to modify the formats for disclosures under regulation 31of the Regulations.

    For further details and format, please refer to the web link of the captioned circular above.

  5. Revised Formats for Financial Results and Implementation of Ind AS by listed entities which have listed their debt securities and/or non-cumulative redeemable preference shares

    In continuation to SEBI Circular No. “CIR/CFD/FAC/62/2016” dated July 05, 2016, SEBI has issued a circular dated August 10, 2016 advising the listed entities about the compliance requirements under the following heads:

    1. Formats for disclosure of financial results
    2. Formats for publication of financial results
    3. Implementation of Ind AS
    4. Clarifications with regard to implementation of Ind AS and other issues

    For further details and formats, please refer to the web link of the captioned circular above.

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