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SECURITIES AND EXCHANGE BOARD OF INDIA (SEBI)

  1. Manner of achieving minimum public shareholding requirements in terms of SCRR, 1957SEBI has 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"), allowed the following additional methods:-
    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.
  2. Filing Offer Documents under  SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009: In partial modification of the circular No. SEBI CIR/CFD/DIL/5/2012 dated May 03, 2012, SEBI has now issued a circular CIR/CFD/DIL/ 9 /2012 dated 22nd August, 2012 informing that the jurisdiction of Eastern Regional Office of SEBI will include the state of Sikkim and the Union Territory of Andaman & Nicobar Islands. The revised Jurisdiction of Eastern Region is as provided in the circular.
  3. Redressal of investor grievances against listed companies in SEBI Complaints Redress System (SCORES): SEBI had vide its Circular No. CIR / OIAE /2/2011 dated June 3, 2011 intimated the commencement of SEBI Complaints Redress System (SCORES) and had advised all companies whose securities are listed on various stock exchanges to comply with the provisions of the said circular. SEBI has now vide its circular no. CIR/OIAE/1/2012, dated 13th August, 2012  advised  all companies whose securities are listed on stock exchanges, to obtain SCORES authentication by September 14, 2012 in terms of the aforesaid circular.
  4. Amendment to the Equity Listing Agreement - Manner of Dealing with Audit Reports filed by Listed companies: SEBI has vide circular no CIR/CFD/DIL/7/2012 dated 13th August, 2012  decided to put in place a system to monitor the audit qualifications contained in the audit report accompanying the audited annual financial statements submitted by listed companies.Accordingly, listed companies shall now be required to submit the following forms, as may be applicable, along with copies of annual reports submitted to stock exchanges:
    • Form A: Unqualified/ Matter of Emphasis Report
    • Form B: Qualified/ Subject To/ Except For Audit Report
    This circular is applicable to all annual audited financial results submitted for the period ending on or after December 31, 2012.
  5. Aadhaar Letter as Proof of Address for Know Your Client (KYC) norms: SEBI vide circular no. CIR/MIRSD/16/2011 dated August 22, 2011, MIRSD/SE/Cir-21/2011 dated October 5, 2011, intimated the uniform KYC requirements and the list of documents admissible as Proof of Address. SEBI has now in consultation with Unique Identification Authority of India (UIDAI), Government of India, intimated vide circular no CIR/MIRSD/ 09 /2012 dated 13th August, 2012 that as per that the Aadhaar Letter issued by UIDAI shall be admissible as Proof of Address in addition to its presently being recognized as Proof of Identity.
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