Category Archives: SEBI

Interest & Dividend reporting of Custodial Accounts- Rule 114G(1)(e) of Income Tax Rules, 1962

By | June 19, 2017

Securities and Exchange Board of India CIRCULAR CIR/HO/MIRSD/MIRSD2/CIR/P/2017/59 June 15, 2017 To, All Recognized Depositories 2. Depositories Participants (DPs) through Depositories 3. Registrars to an Issue and Share transfer agents (RTAs) Dear Sir/ Madam, Sub: Interest and Dividend information reporting in case of Custodial Accounts- Rule 114G(1)(e) of the Income Tax Rules, 1962 1. This… Read More »

SEBI Circular on disclosure of executive remuneration by Mutual Funds

By | April 29, 2017

Circular No. SEBI/HO/IMD/DF2/CIR/P/2017/35 All Mutual Funds/Asset Management Companies (AMCs)/ Trustee Companies/Boards of Trustees of Mutual Funds Sir/Madam, Subject: Circular on Mutual Funds 1. Please refer to SEBI circular no. SEBI/HO/IMD/DF2/CIR/P/2016/42 dated 18 March 2016. 2. In partial modification of the above mentioned circular, para C of the circular pertaining to disclosure of executive remuneration shall read as… Read More »

Use of e-wallet for investment in Mutual Funds allowed by SEBI & Other SEBI Board Meeting Decisions

By | April 27, 2017

SEBI Board Meeting PR No.: 25/2017  Dated: Apr 26, 2017 The SEBI Board met in Mumbai today and took the following decisions: 1.  Instant Access Facility (IAF) in Mutual Funds and use of e-wallet for investment in Mutual Funds With an objective to channelize households’ savings into capital market and to promote digitalization in mutual… Read More »

SEBI Payment of Fees& Mode of Payment Regulations 2017 -Notification -06.03.2017

By | March 8, 2017

SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the 6th March, 2017 SECURITIES AND EXCHANGE BOARD OF INDIA (PAYMENT OF FEES AND MODE OF PAYMENT) (AMENDMENT) REGULATIONS, 2017 1. These Regulations may be called the Securities and Exchange Board of India (Payment of Fees and Mode of Payment) (Amendment) Regulations, 2017. 2. They shall come… Read More »

Guide to SEBI – Capital Issues, Debentures & Listing -K Sekhar Book

By | March 8, 2017

Guide to SEBI – Capital Issues, Debentures & Listing (Set of 2 Volumes) Hardcover – 23 Dec 2016 by K Sekhar (Author) Guide to SEBI, Capital Issues, Debentures and Listing is an encyclopedia on the conceptual, legal and procedural framework of the Indian capital market and securities laws, with complete coverage of the statutory provisions on… Read More »

SEBI Board Meeting -8 key decisions on 14.01.2017

By | January 15, 2017

PR No. 5/2017 SEBI Board Meeting The SEBI Board met in Jaipur today and took the following decisions:   I. Reduction of Fees payable by brokers by 25% and Calibration of other fees  SEBI has been following the practice of calibrating the fees either upwards or downwards as per SEBI’s requirements from time to time so… Read More »

Exclusively listed companies on Dissemination Board ; Time extended by SEBI

By | January 6, 2017

CIRCULAR SEBI/HO/MRD/DSA/CIR/P/2017/5 January 05, 2017 All recognised/Non-operational /Exited Stock Exchanges. All Exclusively Listed Companies in the Dissemination Board (shares of companies available for buying and selling and not for companies referred as vanishing companies.) Dear Sir/Madam, Sub: Exclusively listed companies of De-recognized/Non-operational/exited Stock Exchanges placed in the Dissemination Board (DB). 1. SEBI vide circular dated… Read More »

SEBI Guidance Note on Board Evaluation

By | January 6, 2017

Guidance Note on Board Evaluation CIRCULAR SEBI/HO/CFD/CMD/CIR/P/2017/004 January 5, 2017 To All listed entities Sir / Madam, Sub: Guidance Note on Board Evaluation 1. The Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI LODR”) contain broad provisions on Board Evaluation i.e. evaluation of the performance of: (i) the Board as… Read More »

Credit of proceeds due to write off of securities held by Foreign Portfolio Investors/deemed Foreign Portfolio Investors.

By | January 3, 2017

CIRCULAR IMD/HO/FPIC/CIR/P/ 2017/ 001 January 02, 2017 To, All Designated Depository Participants (“DDPs”)/ Custodian of Securities All Foreign Portfolio Investors through their designated Custodians of Securities Sir / Madam, Subject : Reference to Circular no. FITTC/FII/02/2002 dated May 15, 2002- In regard to credit of proceeds due to write off of securities held by Foreign… Read More »

Depositories shall provide transaction data of promoters/group on daily basis SEBI

By | December 22, 2016

CIRCULAR CFD/DCR/CIR/2016/139 December 21, 2016 To All Listed Entities All Registered Registrar & Share Transfer Agents All Depositories All Nationwide Stock Exchanges Dear Sir/Madam, System-driven Disclosures in Securities Market 1. SEBI, vide circular dated December 01, 2015, had introduced the system-driven disclosures in securities market detailing the procedure to be adopted for its implementation with… Read More »

SEBI Infrastructure Investment Trusts Amendment Regulations 2016

By | December 1, 2016

GAZETTE OF INDIA EXTRAORDINARY PART – III – SECTION 4 PUBLISHED BY AUTHORITY NEW DELHI, 30th November, 2016 SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the 30th November, 2016 SECURITIES AND EXCHANGE BOARD OF INDIA (INFRASTRUCTURE INVESTMENT TRUSTS) (AMENDMENT) REGULATIONS, 2016 No. SEBI/LAD/NRO/GN/2016-17/021.-In exercise of the powers conferred by section 30 read with sections… Read More »

SEBI Real Estate Investment Trusts Amendment Regulations 2016.

By | December 1, 2016

THE GAZETTE OF INDIA EXTRAORDINARY PART – III – SECTION 4 PUBLISHED BY AUTHORITY NEW DELHI, 30th November, 2016 SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the 30th November, 2016 SECURITIES AND EXCHANGE BOARD OF INDIA (REAL ESTATE INVESTMENT TRUSTS) (AMENDMENT) REGULATIONS, 2016 No. SEBI/LAD/NRO/GN/2016-17/022 .─ In exercise of the powers conferred by section… Read More »

Continuous disclosures & compliances by InvITs -SEBI specified format

By | November 30, 2016

Securities and Exchange Board of India CIR/IMD/DF/127/2016 November 29, 2016 To All Infrastructure Investment Trusts (InvITs) All Parties to InvITs All Stock Exchanges Dear Sir / Madam, Sub: Continuous disclosures and compliances by InvITs 1. Regulation 23 of the SEBI (Infrastructure Investment Trusts) Regulations, 2014 prescribe disclosures to be made by an InvIT to the… Read More »

Guidelines for functioning of Stock Exchanges & Clearing Corporations in IFSC ( International Financial Services Centre )

By | November 29, 2016

CIRCULAR SEBI/HO/MRD/DSA/CIR/P/2016/125 November 28, 2016 All Stock Exchanges and Clearing Corporations in International Financial Services Centre Dear Sir/Madam Guidelines for functioning of Stock Exchanges and Clearing Corporations in International Financial Services Centre (IFSC) 1. Pursuant to announcement in the Union Budget 2015-16 on Gujarat International Finance Tec-City (GIFT), SEBI (International Financial Services Centre) Guidelines, 2015… Read More »

SEBI amendment regarding Angel Funds

By | November 24, 2016

PR No. 161/2016 SEBI Board Meeting The SEBI Board met in Mumbai today and took the following important decisions: I. Amendment to SEBI (Alternative Investment Funds) Regulations, 2012 regarding Angel Funds In order to further develop the alternative investment industry and the startup ecosystem in India, SEBI, in March 2015, constituted a Committee of experts… Read More »

Intermediaries can verify PAN of FPIs online from Income Tax website

By | November 18, 2016

CIRCULAR CIR/IMD/FPIC/123/2016 November 17, 2016 To, 1. All Foreign Portfolio Investors (“FPIs”) through their Designated Depository Participants (“DDPs”)/ Custodian of Securities. 2. The Depositories (NSDL and CDSL) 3. All Recognized Stock Exchanges 4. KYC Registration Agencies (KRAs) Sir/ Madam, Subject: Review of requirement for copy of PAN Card to open accounts of FPIs 1. Please… Read More »

SEBI clarify trading in securities by employees of AMC(s) & Trustees of Mutual Funds

By | November 18, 2016

CIRCULAR SEBI/HO/IMD/DF2/CIR/P/2016/124 November 17, 2016 All Mutual Funds/Asset Management Companies (AMCs)/ Trustee Companies/Boards of Trustees of Mutual Funds   Sir/ Madam, Subject: Investment/trading in securities by employees of AMC(s) and Trustees of Mutual Funds A. Please refer to SEBI circulars dated May 08, 2001, June 20, 2002, July 11, 2003, December 15, 2009 and May… Read More »

Enhanced Standards for Credit Rating Agencies

By | November 2, 2016

PR No. 150/2016 Circular on Enhanced Standards for Credit Rating Agencies (CRAs) With a view to strengthen the functioning of CRAs and to harmonise the best practices in the industry,SEBI constituted a committee on “Strengthening the Guidelines and Raising Industry Standards for Credit Rating Agencies (CRAs)”, which included representatives from all the CRAs. The objective… Read More »

Exit Order of Bombay Commodity Exchange Limited

By | November 2, 2016

PR No. 151/2016 EXIT ORDER IN RESPECT OF BOMBAY COMMODITY EXCHANGE LIMITED (BCEL) Whole Time Member, SEBI has passed an Order on Oct 28, 2016 providing the exit to Bombay Commodity Exchange Limited (BCEL). BCEL is the first commodity derivatives exchange / deemed stock exchange to exit after merger of Forward Markets Commission with SEBI.… Read More »

Freezing of Promoter Demat accounts for Non-­compliance SEBI Listing obligations

By | October 27, 2016

Securities and Exchange Board of India CIRCULAR SEBI/HO/CFD/CMD/CIR/P/2016/116 Dated: October 26, 2016 To All the Recognized Stock Exchanges All Depositories Dear Sir/Madam, Sub: Freezing of Promoter and Promoter group Demat accounts for Non-­compliance with certain provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 1. SEBI, vide Circular No. CIR/CFD/CMD/12/2015 dated November 30, 2015,… Read More »

SEBI prescried disclosures in case of listed insurance companies

By | October 25, 2016

SECURITY & EXCHANGE BOARD OF INDIA CIRCULAR CIR/CFD/DIL/115/2016 October 24, 2016 To All issuers All Recognized Stock Exchanges Dear Sir / Madam, Sub: Disclosures in case of listed insurance companies 1. SEBI circular No. CIR/CFD/CMD/15/2015 dated Nov 30, 2015 provides for formats for publishing financial results by listed companies. 2. Subsequently, vide circular No. CIR/CFD/FAC/62/2016… Read More »

Disclosure requirements in offer document/placement for InvITs

By | October 21, 2016

SEBI CIRCULAR CIR/IMD/DF/114/2016 October 20, 2016 To All Infrastructure Investment Trusts (InvITs) All Parties to InvITs All Stock Exchanges All Merchant Bankers Dear Sir / Madam, Sub: Disclosure of financial information in offer document/placement memorandum for InvITs 1. Regulation 15(3), read with Schedule III, and Regulation 15(4) of the SEBI (Infrastructure Investment Trusts) Regulations, 2014… Read More »

Investment Advisors to use infrastructure of recognised stock exchanges for Mutual Fund

By | October 20, 2016

CIRCULAR SEBI/HO/MRD/DSA/CIR/P/2016/113 October 19, 2016 To All Recognised Stock Exchanges, All Recognised Clearing Corporation, All Depositories. Dear Sir / Madam, Subject: Facilitating transaction in Mutual Fund schemes through the Stock Exchange Infrastructure 1. SEBI vide circular no. CIR/MRD/DSA/32/2013 dated October 04, 2013 had permitted mutual fund distributors to use recognised stock exchanges’ infrastructure to purchase… Read More »

Bullion as collateral, SEBI modified condition for clearing member

By | October 15, 2016

CIRCULAR SEBI/HO/CDMRD/DRMP/CIR/P/2016/112 October 14, 2016 To, The Managing Directors / Chief Executive Officers NationalCommodity Derivatives Exchanges Sir / Madam, Sub: Bullion as collateral 1. Vide circular no. CIR/CDMRD/DRMP/01/2015 dated October 01, 2015SEBI had specified comprehensive risk management framework for national commodity derivatives exchanges including norms on collateral that can be accepted by Exchanges from their… Read More »

Ban on circulation of trading tips via social media – Key Points of SEBI Paper

By | October 9, 2016

Ban on circulation of trading tips via social media The SEBI has issued consultation paper( C larifications to the SEBI (Investment Advisers) Regulations, 2013 ) proposing amendments or clarifications to the investment adviser regulations. The objective of the consultation paper is to specify uniform standards across all the intermediaries/persons engaged in providing investment advisory services irrespective of whether… Read More »

SEBI in favour of Ban on sending trading tips via WhatsApp,Twitter, Facebook

By | October 8, 2016

Restriction on providing trading tips As per the Consultation Paper Released by SEBI :- Restriction on providing trading tips 4.5.1  It is observed that, many persons are engaged in providing/sending the trading tips/securities specific recommendations, etc., using various electronic modes such as bulk short message services (SMSs), e-mails, blogs, internet or through any other social networking… Read More »

SEBI revised FPI debt Limits – Investments by FPIs in Government securities

By | October 4, 2016

CIRCULAR IMD/FPIC/CIR/P/2016/107 October 03, 2016 To All Foreign Portfolio Investors through their designated Custodians of Securities The Depositories (NSDL and CDSL) Sir / Madam, Sub: Investments by FPIs in Government securities 1. RBI in its Fourth Bi-monthly Policy Statement for the year 2015-16, dated September 29, 2015 had announced a Medium Term Framework (MTF) for… Read More »

Commodity derivatives -SEBI updated norms specified by FMC

By | September 27, 2016

CIRCULAR SEBI/HO/CDMRD/DRMP/CIR/P/2016/93 September 26, 2016 To, The Managing Directors/Chief Executve Officers, National Commodity Derivatives Exchanges Sir/Madam, Sub: Commodity derivatives – miscellaneous norms Re-issuance of norms specified by erstwhile FMC 1. As per Section 131 [B] of the Finance Act, 2015 all rules, directions, guidelines, instructions, circulars, or any like instruments, made by the erstwhile Forward… Read More »

Investor Protection Fund -SEBI circular for National Commodity Derivatives Exchanges

By | September 27, 2016

CIRCULAR SEBI/HO/CDMRD/DEICE/CIR/P/2016/94 September 26, 2016 To, The Managing Directors / Chief Executive Officers All National Commodity Derivatives Exchanges Sir / Madam, Sub.: Investor Protection Fund (IPF) and its related matters 1. As per Section 131(B) of Finance Act, 2015 all rules, directions, guidelines, instructions, circulars, or any like instruments, made by the erstwhile FMC or… Read More »

Stock Brokers : SEBI issued Guidelines for Supervision

By | September 27, 2016

CIRCULAR SEBI/HO/MIRSD/MIRSD2/CIR/P/2016/95 September 26, 2016 The Managing Directors of all Recognized Stock Exchanges and Depositories Dear Sir/Madam, Subject: Enhanced Supervision of Stock Brokers/Depository Participants 1. SEBI constituted a committee on “Enhanced Supervision of Stock Brokers”, which included representatives from Stock Exchanges, Depositories and Brokers. With a view to implement the recommendations, the guidelines as Annexed… Read More »

SEBI approved Share allotment to employees exceeding Rs 2 Lakh under employee reservation quota

By | September 24, 2016

PR No. 139/2016 SEBI Board Meeting The SEBI Board met in Mumbai today and took the following important decisions: I. Amendment to SEBI Regulations to permit Foreign Portfolio Investors (FPIs) to trade directly in Corporate Bonds without a broker The SEBI (Foreign Portfolio Investor) Regulations, 2014 were notified on January 07, 2014. Regulation 21(4)(d) of the FPI… Read More »

Regulatory Framework for Commodity Derivatives Brokers

By | September 24, 2016

Securities and Exchange Board of India CIRCULAR SEBI/HO/MIRSD/MIRSD2/CIR/P/2016/92 Dated: September 23, 2016 To, The Managing Directors / Chief Executive Officers All Commodity Derivatives Exchanges Dear Sir / Madam, Sub: Regulatory Framework for Commodity Derivatives Brokers 1. As per Section 131(B) of Finance Act, 2015 all rules, directions, guidelines, instructions, circulars, or any like instruments, made… Read More »

Staggered delivery, early delivery system, early pay-in facility, penalty on delivery default, fixation of FSP and changes in expiry dates

By | September 22, 2016

CIRCULAR SEBI/HO/CDMRD/DRMP/CIR/P/2016/90 September 21, 2016 To, The Managing Directors/Chief Executve Officers, National Commodity Derivatives Exchanges Sir/Madam, Sub: Staggered delivery, early delivery system, early pay-in facility, penalty on delivery default, fixation of FSP and changes in expiry dates 1. As per Section 131[B]of the Finance Act, 2015 all rules, directions, guidelines, instructions, circulars, or any like… Read More »

Disclose revenue inclusive of excise duty in Financial Results: SEBI

By | September 22, 2016

Bombay Stock Exchange DCS/COMP/10/2016-17 September 20, 2016 Dear Sir/Madam, Sub: Clarification by SEBI regarding Revenue recognition and Excise Duty Restrictions. SEBI had issued a circular dated November 30, 2015, wherein, it was prescribed that ‘revenue from operations’ may be disclosed net of excise duty. Subsequently, as per Schedule III of the Companies Act, 2013, which was notified on… Read More »

SEBI -Permission for trading in futures contracts and modification in contract specifications at exchange level

By | September 21, 2016

CIRCULAR SEBI/HO/CDMRD/DRMP/CIR /2016/88 September 20, 2016 To, The Managing Directors/Chief Executve Officers, National Commodity Derivatives Exchanges Sir/Madam, Sub: Permission for trading in futures contracts and modification in contract specifications at exchange level 1. As per Section 131 (4) of the Finance Act, 2015 all rules, directions, guidelines, instructions, circulars, or any like instruments, made by… Read More »

SEBI amended the Consolidated Account Statement issued to investors

By | September 21, 2016

CIRCULAR SEBI/HO/IMD/DF2/CIR/P/2016/89 September 20, 2016 All Mutual Funds/Asset Management Companies (AMCs)/ Trustee Companies/Boards of Trustees of Mutual Funds Sir/ Madam, Subject: Consolidated Account Statement A. Please refer to SEBI circular dated March 18, 2016. Clause A of the aforementioned circular on consolidated account statement has been partially modified and shall read as follows: “Consolidated Account… Read More »

Penalty for failure to redress investors grievance

By | September 20, 2016

Held In the present case, investor grievances noticed by the appellant in the show cause notice dated March 26, 2014 were redressed by the appellant belatedly on September 26, 2014. Similarly, six investor grievances noticed by the appellant on obtaining SCORES authentication on September 26/29, 2014 were redressed by the appellant belatedly on November 20,… Read More »

SEBI (Settlement of Administrative and Civil Proceedings) (Amendment) Regulations, 2016.

By | September 18, 2016

THE GAZETTE OF INDIA EXTRAORDINARY PART — HI — SECTION 4 PUBLISHED BY AUTHORITY NEW DELHI, August 29, 2016 SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the of 29th August, 2016 SECURITIES AND EXCHANGE BOARD OF INDIA (SETTLEMENT OF ADMINISTRATIVE AND CIVIL PROCEEDINGS) (AMENDMENT) REGULATIONS, 2016 No. SEBI/ LAD-NRO/GN/2016-17/010.—In exercise of the powers conferred… Read More »

Securities Contracts (Regulation)(Stock Exchanges and Clearing Corporations) (Third Amendment)Regulations 2016

By | September 18, 2016

GAZETTE OF INDIA EXTRAORDINARY PART – III – SECTION 4 PUBLISHED BY AUTHORITY NEW DELHI, August 29, 2016 SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the 29th August, 2016 SECURITIES CONTRACTS (REGULATION) (STOCK EXCHANGES AND CLEARING CORPORATIONS) (THIRD AMENDMENT) REGULATIONS, 2016 No.SEBI/LAD-NRO/GN/2016-17/011– In exercise of the powers conferred by section 31 of the Securities… Read More »

FMC Circular on SGF, Stress Testing and BMC continue to be in force beyond September 28, 2016

By | September 18, 2016

CIRCULAR SEBI/HO/CDMRD/DRMP/CIR/P/2016/86 Dated: September 16, 2016 To, The Managing Directors/Chief Executve Officers, National Commodity Derivatives Exchanges Sir/Madam, Sub: Settlement Guarantee Fund, Stress Testing and Base Minimum Capital 1. As per Section 131 (4) of the Finance Act, 2015 all rules, directions, guidelines, instructions, circulars, or any like instruments, made by the erstwhile Forward Markets Commission… Read More »

Unique Client Code and PAN Mandatory for members of Commodity Derivatives Exchanges

By | September 18, 2016

CIRCULAR SEBI/HO/CDMRD/DMP/CIR/P/2016/87 Dated: September 16, 2016 To, The Managing Directors / Chief Executive Officers All Commodity Derivatives Exchanges Dear Sir / Madam, Sub: Unique Client Code (UCC) and Mandatory requirement of Permanent Account Number (PAN) 1. As per Section 131(4) of Finance Act, 2015 all rules, directions, guidelines, instructions, circulars, or any like instruments, made… Read More »

Transmission of Securities procedure standardized and simplified by SEBI

By | September 16, 2016

CIRCULAR SEBI/HO/MIRSD3/CIR/P/2016/0000000085 September 15 , 2016 To All recognized Stock Exchanges All Registrars to an Issue and Share Transfer Agents registered with SEBI All Depositories, Sir / Madam, Sub: Standardization and Simplification of Procedures for Transmission of Securities 1. With a view to make the process of transmission of securities more efficient and investor friendly,… Read More »

Master Circular for Mutual Funds by SEBI : Compilation of all Circulars

By | September 15, 2016

MASTER CIRCULAR SEBI/H0/1MD/DF3/CIR/P/2016/84 Dated: September 14, 2016 All Mutual Funds, Asset Management Companies (AMCs) and Association of Mutual Funds in India (AMFI) Dear Sir/ Madam, Sub: Master Circular for Mutual Funds For effective regulation of the Mutual Fund Industry, Securities and Exchange Board of India (SEBI) has been issuing various circulars from time to time.… Read More »

SEBI imposed restrictions on Promoters and Whole-Time Directors of Compulsorily Delisted Companies Pending Fulfillment of Exit Offers to the Shareholders

By | September 8, 2016

CIRCULAR SEBI/HO/CFD/DCR/CIR/P/2016/81 September 07, 2016 To All Listed Entities All Registered Registrar & Share Transfer Agents All Depositories All Recognised Stock Exchanges Dear Sir/Madam, Sub: Restrictions on Promoters and Whole-Time Directors of Compulsorily Delisted Companies Pending Fulfillment of Exit Offers to the Shareholders 1. In terms of section 21A of the Securities Contracts (Regulation) Act,… Read More »

SEBI Guidelines for Due Date Rate fixation for Regional Commodity Derivatives Exchanges

By | September 8, 2016

CIRCULAR SEBI/HO/CDMRD/DRMP/CIR/P/2016/79 September 07, 2016 To, The Managing Directors/Chief Executve Officers, Regional Commodity Derivatives Exchanges Sir/Madam, Sub: Guidelines for Due Date Rate (DDR) fixation for Regional Commodity Derivatives Exchanges 1. As per Section 131 (4) of the Finance Act, 2015 all rules, directions, guidelines, instructions, circulars, or any like instruments, made by the erstwhile Forward… Read More »

Penalty for short collection/non-collection of margins from clients

By | September 8, 2016

CIRCULAR SEBI/HO/CDMRD/DRMP/CIR/P/2016/80 September 07, 2016 To, The Managing Directors/Chief Executve Officers, National Commodity Derivatives Exchanges Sir/Madam, Sub: Mechanism for regular monitoring of and penalty for short collection/non-collection of margins from clients 1. As per Section 131 (4) of the Finance Act, 2015 all rules, directions, guidelines, instructions, circulars, or any like instruments, made by the… Read More »

Transaction Charges by Commodity Derivatives Exchanges

By | September 8, 2016

CIRCULAR SEBI/HO/CDMRD/DMP/CIR/P/2016/82 September 07, 2016 To, The Managing Directors / Chief Executive Officers of All Commodity Derivatives Exchanges Sir / Madam, Sub: Transaction Charges by Commodity Derivatives Exchanges 1. The Commodity Derivatives Exchanges are collecting transaction charges from the members for the trades executed on their trading platform. In order to promote competition in the… Read More »

Daily Price Limits for Non-Agricultural Commodity Derivatives/ First Day DPL for All Commodity Derivatives

By | September 8, 2016

CIRCULAR SEBI/HO/CDMRD/DMP/CIR/P/2016/83 September 07, 2016 To, The Managing Directors / Chief Executive Officers National Commodity Derivatives Exchanges Sir / Madam, Sub.: Daily Price Limits (DPL) for Non-Agricultural Commodity Derivatives/ First Day DPL for All Commodity Derivatives 1. As per Section 131(4) of Finance Act, 2015 all rules, directions, guidelines, instructions, circulars, or any like instruments,… Read More »