Redressal of complaints against Stock Brokers and Depository Participants through SEBI Complaints Redress System (SCORES)’

  CIRCULAR SEBI/HO/MIRSD/MIRSD6/CIR/P/2017/20 March 10, 2017 To All recognised Stock Exchanges All Depositories All Stock Brokers, Sub Brokers and Depository Participants registered with SEBI(Through the Stock Exchanges for Stock Brokers and Sub Brokers, the Depositories for Depository Participants) Madam/Sir, Sub: Redressal of complaints against Stock Brokers and Depository Participants through SEBI Complaints Redress System (SCORES) 1. SEBI has commenced processing of complaints through SCORES since June, 2011 2. With a view to make the complaint redressal mechanism through SCORES more efficient, all stock brokers and depository participants are directed to address/redress the complaint within a period of 15 days from the receipt of the complaint. In case additional information is required from the complainant, the same shall be sought within 7 days from the receipt of the complaint. In such

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Secondary market liquidity needed to attract retail investor into corporate bond space: SEBI official

  Tuesday, March 07, 2017 Secondary market liquidity needed to attract retail investor into corporate bond space: SEBI official Infusing some amount of secondary market liquidity can help attract retail investors to enter the corporate bonds’ space, a top Securities Exchange Board of India (SEBI) official said at an ASSOCHAM event held in New Delhi today. “As retail investor, when I get into bonds I also think about liquidity. When I put money in the banks’ fixed deposits, it is not merely for the interest rate that I get but it is also for the liquidity it gives me, that gives me a tremendous amount of comfort in addition to the return, though the return is much less but I am satisfied because the liquidity is there,” said Mr G. Mahalingam, Whole

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SEBI goes digital on all payments

  Markets regulator SEBI has notified new norms to give an option to market intermediaries and companies to make their regulatory payments in digital mode. The Securities and Exchange Board of India (SEBI) has amended various regulations to enable the market participants to make payments to it through digital mode as well, the regulator said in a notification dated March 6. The decision comes after SEBI’s board approved a proposal in this regard in January. Many of the intermediaries such as brokers, Foreign Portfolio Investors (FPIs), stock exchanges and custodians make payments to SEBI through online banking. Moreover, in order to enable ease of paying penalties, disgorgement amounts, settlements amounts, legal charges and recovery amounts, SEBI has already introduced an option for e-payment through RTGS. However, certain receipts such as

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SEBI (Payment of Fees and Mode of Payment) (Amendment) Regulations, 2017

  SECURITIES AND EXCHANGE BOARD OF INDIA (PAYMENT OF FEES AND MODE OF PAYMENT) (AMENDMENT) REGULATIONS, 2017 No. SEBI/LAD/NRO/GN/2016-17/037.- In exercise of the powers conferred by section 31 of the Securities Contracts (Regulation) Act, 1956 (42 of 1956), section 30 of the Securities and Exchange Board of India Act, 1992 (15 of 1992) and section 25 of the Depositories Act, 1996 (22 of 1996), the Board hereby makes the following Regulations to further amend the Securities and Exchange Board of India (Stock Brokers and Sub-brokers) Regulations, 1992, Securities and Exchange Board of India (Merchant Bankers) Regulations, 1992, Securities and Exchange Board of India (Portfolio Managers) Regulations, 1993, Securities and Exchange Board of India (Registrars to an Issue and Share Transfer Agents) Regulations, 1993, Securities and Exchange Board of India (Underwriters)

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SEBI restrains Mallya from participating in securities mkt

SEBI has cracked the whip on Vijay Mallya in the now defunct Kingfisher Airlines’ loan default case. It has restrained Mallya and six others from participating in the securities market. SEBI has also put a restraint on Mallya from holding positions of Director in any listed companies. The former President and Managing Director of United Spirits, Ashok Capoor, will also face similar constraints. SEBI has also observed that Mallya as Chairman was instrumental in diverting funds from USL. USL has also been asked to report on the steps taken by the company to recover money from Mallya within the next 21 days. Vijay Mallya, surprised by the media reports on SEBI’s actions, has strongly denied all allegations made by USL. He says he had no communication with SEBI regarding this

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Views/Suggestions solicited on SEBI Consultative Paper on Public Issuance of Non-Convertible Debentures having credit rating below Investment Grade 

  January 05, 2017 Views/Suggestions solicited on SEBI Consultative Paper on Public Issuance of Non-Convertible Debentures having credit rating below Investment Grade SEBI has placed the Consultation paper on Public Issuance of Non-Convertible Debentures having credit rating below Investment Grade on its website for public comments. We enclose the Consultative Paper for ready reference and seek your views/suggestions on the aforesaid paper. We shall highly appreciate to receive the same on khusbu.mohanty@icsi.edu by January 25, 2017 for submitting the views to SEBI. CLICK HERE TO DOWNLOAD THE CONSULTATIVE PAPER

$11-billion FPI outflow was due to demonetisation: Sebi 

  Securities and Exchange Board of India (Sebi) chairman U.K. Sinha on Tuesday said the outflow of $ 11 billion of foreign portfolio investment in the October-December quarter is being analysed to assess the extent of impact ‘demonetisation’ has had on the outflows. “It is being analysed and will take three to four months time,” he said while addressing a seminar on ‘Developing the Indian Capital Markets – Sebi’s Role, Issues and Challenges’ in Kolkata organised by the Bharat Chamber of Commerce. He further added that there were a few other global developments, including the US presidential election results and a hike in Fed rates, which coincided with India’s decision to demonetise Rs 500 and Rs 1,000 currency notes. Quoting data from the International Monetary Fund (IMF), Sinha said demonetisation

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SEBI (Listing Obligations and Disclosure Requirements) (Third Amendment) Regulations, 2016

  THE GAZETTE OF INDIA EXTRAORDINARY PART – III – SECTION 4 PUBLISHED BY AUTHORITY NEW DELHI, JANUARY 04, 2017 SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the 4 th January, 2017 SECURITIES AND EXCHANGE BOARD OF INDIA (LISTING OBLIGATIONSAND DISCLOSURE REQUIREMENTS) (THIRD AMENDMENT) REGULATIONS, 2016 No. SEBI/LAD/NRO/GN/2016-17/025.─ In exercise of the powers conferred by section 11, sub section (2) of section 11A and section 30 of the Securities and Exchange Board of India Act, 1992 (15 of 1992) read with section 31 of the Securities Contracts (Regulation) Act, 1956 (42 of 1956), the Securities and Exchange Board of India hereby makes the following regulations to further amend the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, namely:- 1. These regulations shall be called

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SEBI (Alternative Investment Funds) (Amendment) Regulations, 2016

  THE GAZETTE OF INDIA EXTRAORDINARY PART – III – SECTION 4 PUBLISHED BY AUTHORITY NEW DELHI, JANUARY 04, 2017 SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the 4th January, 2017 SECURITIES AND EXCHANGE BOARD OF INDIA (ALTERNATIVE INVESTMENT FUNDS) (AMENDMENT) REGULATIONS, 2016 No. SEBI/LAD/NRO/GN/2016-17/026.– In exercise of the powers conferred by subsection (1) of section 30 read with sub-section (1) of section 11, clause (ba) and clause (c) of sub-section (2) of section 11 and sub-sections (1) and (1B) of section 12 of the Securities and Exchange Board of India Act, 1992 (15 of 1992), the Board hereby makes the following regulations to further amend the Securities and Exchange Board of India (Alternative Investment Funds) Regulations, 2012, namely,– 1. These regulations may be called the Securities and Exchange

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Views/Suggestions solicited on SEBI Consultative Paper on Public Issuance of Non-Convertible Debentures having credit rating below Investment Grade 

  January 05, 2017 Views/Suggestions solicited on SEBI Consultative Paper on Public Issuance of Non-Convertible Debentures having credit rating below Investment Grade SEBI has placed the Consultation paper on Public Issuance of Non-Convertible Debentures having credit rating below Investment Grade on its website for public comments. We enclose the Consultative Paper for ready reference and seek your views/suggestions on the aforesaid paper. We shall highly appreciate to receive the same on khusbu.mohanty@icsi.edu by January 25, 2017 for submitting the views to SEBI. CLICK HERE TO DOWNLOAD THE CONSULTATIVE PAPER