Corporate Updates – 23-02-2016


SEBI has notified the amendments which may be called as the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) (Amendment) Regulations, 2016 and shall come into force on the date of their publication in the Official Gazette. After the amendment, nothing contained in regulation relating to Substantial acquisition of shares or voting rights shall apply to acquisition of shares or voting rights of a company by the promoters or shareholders in control, in terms of the provisions of Chapter VI-A of Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009.”


National Stock Exchange (NSE) has issued a Circular stating that ‘One Person Company’ can act as a Stock Broker provided the entity has at least two Directors. However, such broker would not be allowed to trade in his proprietary account. Further, OPCs can register as sub-brokers too and the entity shall ensure compliance with the provisions of the SEBI Act, 1992, Regulations, Circulars/ Guidelines/ Directives/ Instructions etc. as may be issued from time to time by SEBI or the Government of India relating to the activities carried on by it.

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