Download or read book Taxmann s Analysis SEBI s New Audio Video Disclosure Mandate written by Taxmann and published by Taxmann Publications Private Limited. This book was released on 2024-05-29 with total page 13 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Securities Exchange Board of India (SEBI) is improving the transparency of public issue disclosures by requiring that key features in the Draft Red Herring Prospectus (DRHP), Red Herring Prospectus (RHP), and Price Band Advertisement for main board public issues be presented in an Audio-Visual (AV) format, available in both English and Hindi. The write-up addresses the following key aspects: ‣ Applicability of the Guidelines – Understand which public issue documents are subject to these new AV disclosure requirements ‣ Disclosure in Audio-Visual Format Compliance – Learn about the compliance requirements companies must follow to adhere to these guidelines ‣ Mandatory Advice for Investors – Explore the mandatory advisory statements that must be included to guide investors properly ‣ Duration of the Audio-Visual Presentation – Find out the specified length for AV presentations to ensure comprehensive coverage ‣ Equitable Coverage of DRHP/RHP Sections – Discover how each section of the DRHP/RHP should be evenly represented in the AV format ‣ Content Requirements – Learn about the essential content elements that need to be featured in the AV presentations ‣ Timely Availability – See the timelines for when the AV presentations must be made available to the public ‣ Digital and Social Media Accessibility – Understand how these AV presentations should be accessible across digital and social media platforms ‣ Reflecting Latest Information – Ensure that the AV content reflects the most current and accurate information available ‣ Responsibility for Content – Know who is responsible for the accuracy and compliance of the AV presentations ‣ Concluding Remarks – Summarize the overall impact and benefits of these proposed guidelines for investors and the market

Download or read book Taxmann s Analysis Promoting Investor s Confidence SEBI s Move Enhances Transparency in Private Placement of Non convertible Securities written by Taxmann and published by Taxmann Publications Private Limited. This book was released on 2023-07-11 with total page 12 pages. Available in PDF, EPUB and Kindle. Book excerpt: SEBI vide Notification No. SEBI/LAD-NRO/GN/2023/135, Dated July 3, 2023, has notified the SEBI (Issue and Listing of Non-Convertible Securities) (Second Amendment) Regulations, 2023, bringing significant changes to the existing regulations. These amendments aim to enhance transparency, accountability and investor protection in the securities market. The key highlights of the amendment include the insertion of definitions of ‘Key Managerial Personnel’ and ‘Senior Management’, streamlining the roles and responsibilities within companies. Additionally, SEBI has merged disclosure requirements for public issues and private placements, simplifying the process for issuers. To ensure comprehensive disclosures, a new chapter has been introduced for issuers making private placements of non-convertible securities, emphasizing the filing of general information documents and subsequent key information documents. This promotes transparency and provides investors with timely information. The amendments shall be effective from 03.07.2023.

Download or read book Taxmann s Analysis SEBI s New Abridged Prospectus Format A Quantum Leap for Investors Clarity and Confidence in Indian Markets written by Taxmann and published by Taxmann Publications Private Limited. This book was released on 2023-09-06 with total page 11 pages. Available in PDF, EPUB and Kindle. Book excerpt: An abridged prospectus, often called an 'abridged prospectus', is a condensed version of a company's complete prospectus. This article discusses the legal provisions related to the abridged prospectus and the revised disclosure format of the abridged prospectus for greater clarity and enhanced disclosure. In addition, it addresses the requirement that the abridged prospectus must now include a QR code, and Issuer/Merchant Bankers must ensure that the disclosures in the abridged prospectus are adequate and accurate and do not contain any misleading or misstatement.

Download or read book Taxmann s Analysis Key Highlights of SEBI s Board Meeting Decisions written by Taxmann and published by Taxmann Allied Services. This book was released on 2024-03-19 with total page 19 pages. Available in PDF, EPUB and Kindle. Book excerpt: SEBI, through its board meeting dated March 15, 2024, has approved a series of proposals to ease regulatory requirements and streamline business operations for Foreign Portfolio Investors (FPIs). The article seeks to highlight the key approvals made by SEBI, which include: ‣ Exempting Additional Disclosure Requirements for Specific FPIs ‣ Relaxation of Timelines for Disclosure of Material Changes by FPIs ‣ Facilitating Ease of Doing Business for Companies Coming for IPOs/fundraising ‣ Launching the Beta Version of Optional T+0 Settlement for a Limited Set of 25 Scrips ‣ Facilitating a Uniform Approach to Verification of Market Rumors by Equity-listed Entities etc. These measures are expected to enhance efficiency and flexibility for FPIs, promoting smoother operations and simplifying regulatory requirements.

Download or read book Taxmann s Analysis SEBI s Latest Regulatory Overhaul Key Amendments and Impact on Listed Entities written by Taxmann and published by Taxmann Publications Private Limited. This book was released on 2024-05-24 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt: SEBI vide notification dated May 17, 2024, has notified the SEBI (Listing Obligations and Disclosure Requirements) (Amendment) Regulations, 2024. The key amendments include: ‣ Introduction of 'New Market Cap Formula'; SEBI Adopts a 6-month Average Calculation Rule ‣ Linking Rumour Verification to Material Price Movements (MPM) ‣ Mandating Prompt and Accurate Responses from Key Executives for Rumour Verification ‣ Granting Extra Time to Fill Key Executive Vacancies Requiring Regulatory Approval ‣ Introducing Uniform "Two-day Notice" for Stock Exchange Intimations ‣ Compliance Extension for High-value Debt-listed Entities by One More Year ‣ Interval Expansion Between Two Risk Management Committee Meetings to 210 Days

Download or read book Taxmann s Analysis SEBI Cracks Down on Real Time Price Data Misuse New Guidelines Unveiled written by Taxmann and published by Taxmann Publications Private Limited. This book was released on 2024-05-29 with total page 12 pages. Available in PDF, EPUB and Kindle. Book excerpt: SEBI has introduced new guidelines to prevent the misuse of real-time price data by online gaming platforms, apps, and websites offering virtual trading services. These guidelines focus on regulating real-time share price data sharing to ensure its responsible use, primarily for regulatory purposes and investor education. The document addresses the following key points: ‣ Real-time price data sharing is permitted only for regulatory purposes ‣ Agreements required between MIIs and market intermediaries for data sharing ‣ Due diligence necessary to prevent misuse of market data for educational purposes ‣ Emphasis on responsible data sharing by global regulators ‣ Concluding remarks

Download or read book Taxmann s Analysis SEBI s Nomination Decisions What Every Investor Needs to Know written by Taxmann and published by Taxmann Publications Private Limited. This book was released on 2024-06-14 with total page 13 pages. Available in PDF, EPUB and Kindle. Book excerpt: This article analyses SEBI's circular dated June 10, 2024, which notifies important decisions for existing and new investors. Demat and mutual fund accounts will no longer be frozen due to the non-submission of nominations. Also, listed companies/RTAs are prohibited from withholding payments due to a lack of nominations. The write-up covers the following key aspects: ‣ SEBI's key decisions for existing investors/unitholders ‣ Mandatory nomination choices for new investors ‣ Encouraging nomination choices for the smooth transmission of securities ‣ Email reminders from DPs and AMCs for nomination updates ‣ Pop-up reminders for existing investors to submit nominations ‣ Conclusion

Download or read book Taxmann s Impact Analysis SEBI Board Meeting April 30 2024 Paving the Way for Smarter Investments and Greater Flexibility written by Taxmann and published by Taxmann Publications Private Limited. This book was released on 2024-05-04 with total page 17 pages. Available in PDF, EPUB and Kindle. Book excerpt: This article covers the key approvals made by the SEBI through its 205th Board Meeting. The proposals aim to promote market integrity and instil confidence among investors, thereby fostering growth and development in capital markets. The various proposals include: ‣ Introduction of a Framework for Unit-Based Employee Benefit Schemes for Employees of InvIT/REIT Managers ‣ Venture Capital Funds (VCFs) Can Now Migrate to AIF Regulations ‣ SEBI's Amendments to Issue and Listing of Non-Convertible Securities Regulations ‣ Simplified Disclosure of Financial Results for Entities with Only Listed Non-Convertible Securities ‣ Flexibility for Increased Participation by NRIs, OCIs, and Resident Indian Individuals in IFSC-based FPIs ‣ Enhanced Flexibility for Mutual Fund Investments in Group Companies of Sponsors ‣ AMCs to Put in Place a Structured Institutional Mechanism for the Identification and Deterrence of Potential Market Abuse ‣ Ease of Doing Business for Market Infrastructure Institutions (MIIs)

Download or read book Taxmann s Analysis Understanding SEBI s Consultation Paper Simplifying Business Processes for Non Convertible Securities written by Taxmann and published by Taxmann Publications Private Limited. This book was released on 2024-05-16 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt: This article analyses the SEBI's proposal to amend SEBI (Issue and Listing of Non-Convertible Securities) Regulations, 2021 (NCS Regulations) for transparency and reduced compliance burdens. The key highlights of the SEBI’s proposals include: ‣ Protection of Individuals' Privacy by Removing Disclosure of Promoters’ PAN and Personal Addresses from Offer Documents ‣ Disclosure of Key Operational and Financial Metrics for Investors ‣ Alignment of the Provisions of NCS Regulation Regarding Disclosure of Project Financing with Provisions of ICDR Regulations ‣ Relaxation in Providing Detailed Information and Utilization of QR Codes for Organizing the Details ‣ Flexibility in Attestation Regarding Declaration that the Issuer Complies with the Provisions of SCRR, SEBI Act, Companies Act, etc. ‣ Consistency in Reporting Timelines Between NCS Regulation and SEBI LODR Regarding the Status of Payment of Interest/Repayment of Principal for Listed Commercial Paper

Download or read book Taxmann s Analysis SEBI s Regulatory Overhaul Bolstering Indian Capital Markets through Stricter FPI Norms written by Taxmann and published by Taxmann Publications Private Limited. This book was released on 2023-07-01 with total page 14 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Securities and Exchange Board of India (SEBI), through its board meeting dated June 28, 2023, has approved and implemented several regulatory changes to improve the efficiency and transparency of the Indian capital market. These changes are expected to significantly impact various aspects of the market, benefiting both issuers and investors. The SEBI vide Press Release (PR No. 12/2023) dated June 28, 2023, highlights the key approvals made by the Board. These include: ‣ The reduction of the timeline for listing of shares in Public Issue from the existing T+6 days to T+3 days, ‣ Enabling direct participation by clients in the Limited Purpose Clearing Corporation (LPCC), ‣ Enforcing stringent disclosure norms for Foreign Portfolio Investors (FPIs) that meet certain objective criteria. These regulatory changes by SEBI represent a significant step towards fostering a more dynamic and investor-friendly capital market in India. With improved efficiency, transparency and investor protection, the Indian market is expected to attract greater participation and drive sustainable growth. This article highlights the key approvals made by the SEBI and analyses their impact on the market.

Download or read book Taxmann s Analysis REITs and InvITs Proposed Regulatory Revisions to Simplify Compliance and Enhance Ease of Doing Business written by Taxmann and published by Taxmann Publications Private Limited. This book was released on 2024-05-17 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt: This article analyses the SEBI's proposal to reduce the compliance burden and simplify and improve the ease of doing business for REITs and InvITs. The key highlights of the SEBI's proposals include: ‣ Timelines for Fund Distribution to Unitholders be Reduced to 5 Working Days ‣ Scheduling of Unitholders' Meetings at Shorter Notice ‣ Simplified Unitholders' Voting Threshold ‣ Quarterly Review of Statements of Investor Complaints ‣ Disclosure of Statement of Deviations Alongside Financial Results ‣ Allowing Maintenance of Records in Electronic Form Along with Backup ‣ Reduction in Trading Lot Size for Privately Placed InvITs ‣ Aligning Provisions Related to a Change in Sponsor for InvIT Regulations with REIT Regulations

Download or read book Taxmann s Analysis SEBI Revamps InvIT Regulations Introduces the Concept of Subordinate Units written by Taxmann and published by Taxmann Publications Private Limited. This book was released on 2024-06-01 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt: This article analyses the significant amendments to the SEBI (Infrastructure Investment Trusts) Regulations. These regulations shape the infrastructure investment landscape, ensuring transparency and efficiency in investments. The article addresses the following key aspects: ‣ Introduction of the Concept of 'Subordinate Units' and Ordinary Units ‣ Changes for Unitholders in InvITs ‣ Procedure for Issuing Subordinate Units ‣ Process and Requirements for Reclassifying Subordinate Units in InvITs ‣ Reporting and Disclosure Requirements for Performance Benchmarks in InvITs ‣ Conclusion

Download or read book Taxmann s Analysis Ensuring Fairness SEBI s Unaffected Market Price Framework written by Taxmann and published by Taxmann Publications Private Limited. This book was released on 2024-05-28 with total page 13 pages. Available in PDF, EPUB and Kindle. Book excerpt: This article analyses SEBI's Unaffected Market Price Framework. According to LODR norms, the unaffected price must be considered for transactions subject to SEBI or stock exchange pricing norms, provided a rumour related to such a transaction is confirmed within 24 hours of a material price movement trigger. The write-up addresses the following key aspects: ‣ Background ‣ Applicability of Framework ‣ Calculation for Determination of 'Unaffected Price' ‣ Norms Relating to Adjustment for Price Variation ‣ Applicability of Unaffected Price and its Period ‣ Multiple Rumours ‣ Illustration on Applicability of 'Unaffected Price' ‣ Conclusion

Download or read book Taxmann s Analysis SEBI rolled out the SEBI LODR Second Amendment Regulations 2023 written by Taxmann and published by Taxmann Publications Private Limited. This book was released on 2023-06-24 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Securities Exchange Board of India (SEBI) on 14.06.2023 notified the SEBI (Listing Obligations and Disclosure Requirements) (Second Amendment) Regulations, 2023. These amendments align with the consultation papers that SEBI previously released on a time-to-time basis. The amendments aim to strengthen corporate governance at listed entities by empowering shareholders, streamlining the disclosure requirements for material events or information and strengthening compliance. The amendment shall come into force from 14.06.2023 (i.e., from the thirtieth day of their publication in the Official Gazette). The major amendment includes: ‣ Introduction of the concept of Non-permanency of the directors on the board ‣ Requirement of filling of vacancy of KMPs within three months of vacancy ‣ Introduction of threshold-based parameters for identifying the materiality of events/information ‣ Introduction of certain agreements to be disclosed This article provides an in-depth analysis of key amendments issued by SEBI and the potential impact of such amendments in the market.

Download or read book Taxmann s Analysis Insider Trading Reforms Balancing Regulations with Operational Realities for Effective Implementation written by Taxmann and published by Taxmann Publications Private Limited. This book was released on 2023-11-27 with total page 13 pages. Available in PDF, EPUB and Kindle. Book excerpt: SEBI's Working Group, formed in July 2023, has proposed crucial changes to 'Trading Plans' under the SEBI (Prohibition of Insider Trading) Regulations, 2015. Aimed at enhancing flexibility for those consistently in possession of Unpublished Price Sensitive Information (UPSI), the proposals include a shorter cool-off period, reduced coverage duration, and revamped disclosure formats. Public comments are invited until December 15, 2023. The article emphasizes the underutilization of Trading Plans despite their introduction in 2015, substantiating its point with data showing minimal disclosures by insiders. Key recommendations include: ‣ Reducing the Cool-off Period ‣ Reducing the Coverage Period ‣ Eliminating the Blackout Period ‣ Introducing Price Limits ‣ Revisiting Contra-trade Restrictions ‣ Enforcing a Specific Timeline for Trading Plan Disclosure

Download or read book Taxmann s Law Relating to ICDR SEBI Issue of Capital and Disclosure Requirements Regulations 2018 Extensively covering SEBI ICDR Regulations Master Circular Informal Guidance Case Laws written by Taxmann and published by Taxmann Publications Private Limited. This book was released on 2024-05-22 with total page 19 pages. Available in PDF, EPUB and Kindle. Book excerpt: This detailed handbook presents the regulatory framework established by the Securities and Exchange Board of India (SEBI) for the Issue of Capital and Disclosure Requirements (ICDR). This book will be helpful for legal practitioners, compliance officers, finance professionals, and scholars interested in the intricacies of capital market regulations in India. It is structured into four comprehensive divisions, providing extensive analysis and practical guidance on the subject: • Division One – SEBI (Issue of Capital and Disclosure Requirements) Regulations 2018 • Division Two – Master Circular for Issue of Capital and Disclosure Requirements • Division Three – Informal Guidance on ICDR • Division Four – Case Laws The Present Publication is the Latest Edition, updated till 10th May 2024. This book is edited/authored by Taxmann's Editorial Board, with the following coverage: • [SEBI (ICDR) Regulations] This division includes an arrangement of regulations for easy navigation and provides the complete text of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, serving as the foundational reference • [Master Circular for ICDR] This division features the full text of the Master Circular, ensuring readers have access to the latest and most relevant information • [Informal Guidance on ICDR] This division presents the informal guidance provided by SEBI that helps market participants, such as companies, investors, and legal professionals, understand and comply with complex securities laws and regulations • [Case Laws] This division presents a curated collection of case laws related to capital and disclosure requirements

Download or read book Taxmann s Analysis SEBI s Regulatory Umbrella Now Covers the Financial Influencers written by Taxmann and published by Taxmann Publications Private Limited. This book was released on 2023-08-29 with total page 12 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the modern era, the actions of financial influencers (often referred to as 'Finfluencers') have garnered significant public and media focus. These individuals are typically not officially registered as financial entities, create engaging content, share information, and offer advice on a range of financial subjects to their numerous followers. This article aims to analyze SEBI's consultation paper on navigating the Finfluencer Landscape. It delves into the role of Finfluencers, exploring how they captivate investors on social media. Additionally, it discusses SEBI's initiatives to enhance transparency and secure investor confidence in a market influenced by Finfluencers.