BSE:
BSE in a press release confirmed that as per the provisions of the SEBI circular BSE has till date issued advisory letters to 530 companies regarding levy of fines for non-compliance with the said provision within the prescribed timelines for non-compliance of appointment of women director on the Board of listed companies.SEBI vide its circular had prescribed the schedule of fines to be levied on companies for non-compliance with the requirement of Clause 49(II)(A)(1) of Listing Agreement.
SEBI:
SEBI on review of minimum contract size in equity derivatives segment has decided to increase the minimum contract size in equity derivatives segment to Rs. 5 lakhs from Rs. 2 Lakhs. Accordingly, the framework for determination of lot size for derivatives contracts is modified. Further, for stock derivatives, the lot size (in units of underlying) shall be fixed as a multiple of 25, provided the lot size is not less than 50. However, if the contract value of the stock derivatives at the minimum lot size of 50 is greater than Rs. 10 lakhs, then lot size shall be fixed as a multiple of 5, provided the lot size is not less than 10. The stock exchanges shall jointly ensure that the lot size is same for an underlying traded across exchanges and shall review the lot size once in every 6 months based on the average of the closing price of the underlying for last one month and wherever warranted, revise the lot size by giving an advance notice of at least 2 weeks to the market. The aforesaid provisions shall be made effective from the next trading day after expiry of October 2015 contracts.
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