Corporate Updates 27 May 2014


1. SEBI has issued the Circular applicable on all those stock exchanges which have not achieved the prescribed turnover of Rs. 1000 Crore on continuous basis on or before May 30, 2014. The exclusively listed companies of such non-compliant stock exchanges may either opt for listing in nation-wide exchanges after complying with listing norms of main board on or before the exit of the exchange, either on voluntary or compulsory basis or opt for voluntary delisting before the de-recognition of the stock exchanges by following the existing delisting norms of SEBI in terms of SEBI (Delisting of Equity Shares) Regulations, 2009. To download & view the full circular, please Click Here.

2. For the benefit of all stakeholders and in consultation with the market participants, SEBI has issued clarifications / frequently asked questions (FAQ) with respect to KYC requirements for Eligible Foreign Investors (EFI’s) / Foreign Portfolio Investors (FPI’s) as prescribed by SEBI vide circular no. CIR/MIRSD/07/2013 dated September 12, 2013. Intermediaries may rely on this guidance note for compliance of the KYC requirements with respect to EFIs / FPIs.

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