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Securities Exchange Board of India (SEBI)

May 6, 2015
1. Exclusively listed companies of De-recognized/Non operational/exited Stock Exchanges. SEBI has issued a circular CIR/MRD/DSA/05/2015 dated 17th April, 2015 wherein it has clarified that the exclusively listed companies which fail to obtain listing in any other nationwide stock exchange will cease to be a listed company and will be moved to the dissemination board by the existing stock exchange. However, Listed Companies have been given eighteen month in order to comply with the Circular . 2. Mechanism for acquisition of shares through Stock Exchange pursuant to Tender-Offers under Takeovers, Buy Back and Delisting: SEBI has issued a circular CIR/CFD/POLICYCELL/1/2015 dated 13th April, 2015 in which it has intimated the procedure for tendering and settlement of shares through stock exchange. It shall be applicable to all the impending offers, acquirer/ promoter/ company for which Public Announcement is made on or after July 01, 2015. 3. Revision of limits relating to requirement of underlying exposure for currency derivatives contracts SEBI has issued a circular CIR/MRD/DP/ 04 /2015 dated 8th April, 2015 has revised the limits beyond which market participants would be required to establish underlying exposure in the currency derivatives segment. 4. Fine structure for non-compliance with the requirement of Clause 49(II)(A)(1) of Listing Agreement SEBI has issued a circular CIR/CFD/CMD/1/2015 dated 8th April, specified the fine slab for Non- compliance.  
Compliance Status Fine Structure
Listed entities complying between April 1, 2015 and June 30, 2015 Rs. 50,000/-
Listed entities complying between July 1, 2015 and September 30, 2015 Rs. 50,000 + Rs. 1000/- per day w.e.f. July 1, 2015 till the date of compliance
Listed entities complying on or after October 1, 2015 Rs. 1,42,000/- + Rs. 5000/- per day from October 1, 2015 till the date of compliance
  • By CS P. Surya Prakash  gg 0 Comments   


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