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Securities and Exchange Board of India(SEBI)

January 26, 2012
  1. Offer For Sale of Shares by Promoters through the Stock Exchange MechanismSEBI has in order to facilitate promoters to dilute/offload their holding in listed companies in a transparent manner with wider participation, decided to allow the offer for sale of shares by promoters of such companies through a separate window provided by the stock exchange(s). The guidelines for the same are available in the circular: CIR/MRD/DP/ 05/2012 dated February 1, 2012 which can be accessed by the link http://www.sebi.gov.in/cms/sebi_data/attachdocs/1328110844367.pdf.

  1. Investor Grievance Redressal Mechanism at Stock Exchanges: Sebi vide CIR/MRD/DSA/03/2012 dated 20th January, 2012 has mandated that stock exchanges having nationwide terminals, functional stock exchanges having trading volumes, stock exchanges entering into MOUs with other exchanges and stock exchanges intending to recommence trading operations shall constitute IGRC(Investor Grievance Redressal Committees) at every investor service center. The circular also spells out the composition of IGRC. 

  1. Investment by Qualified Foreign Investors (QFI) in Indian equity sharesSebi in consultation with Central Government and RBI has notified vide its circular - CIR/ IMD/FII&C/3/2012 dated 13th January, 2012 that foreign investors (termed as Qualified Foreign Investors/ QFI), who meet prescribed Know Your Customer (KYC) requirements may directly invest in equity shares listed on the recognized stock exchanges and in equity shares offered to public in India.

  1. Disclosure of Track Record of the public issues managed by Merchant Bankers: Sebi vide circular CIR/MIRSD/1/2012 dated 10th January, 2012 has decided that to in order to evaluate the post issue performance of the issuer, the merchant bankers shall disclose the track record of the performance of the public issues managed by them on their website for a period of three financial years from the date of listing. The circular shall be applicable for the public issues listed from the date of circular.

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