Achuthan Committee on Takeover Regulations submits report to SEBI and recommeded substantive changes in the takeover rules, main recommendation are as under:
Triggers for open offers
The Committee has recommended an increase in the acquisition threshold for the initial trigger of an open offer from the current level of 15% to 25% of the voting capital of [...]
SEBI on 07th July 2010 issued a circular regarding Exposure Margin for Exchange Traded Equity Derivatives, Key points of the circular are as follows:
CIR/DNPD/3/2010 July 7, 2010
Sub: Revised Exposure Margin for Exchange Traded Equity Derivatives
This is in modification of SEBI Circular No. SEBI/DNPD/CIR-41/2008 dated October 15, 2008 which specified that the exposure margin shall be [...]
SEBI on 1st July 2010 issued a circular regarding Account Maintenance Charges collected upfront on annual/ half yearly basis on demat accounts, higlights of the Circular are as follows:
CIR/MRD/DP/ 20 /2010
July 1, 2010
1. The Depository Participants (DPs) have a system of collecting account maintenance charge (AMC) from beneficial owners (BOs) towards maintenance of demat accounts for varied [...]
Key Points of the Circular are as under:
Cir No.IMD/FII&C/ 4 /2010 June 29, 2010
Sub:- Reporting of Lending of securities bought in the Indian Market.
1. Please refer to Circular No. IMD/FII&C/32/2008 dated October 16, 2008 read with Circular No. IMD/FII&C/34/2008 dated October 20, 2008 related to reporting of information pertaining to securities lent by the FIIs [...]
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NOTIFICATION
New Delhi, the 16th June, 2010
G.S.R. 508(E)- In exercise of the powers conferred by sub – section(1) read with clause(h), clause(i), clause(j) clause(k) of sub- section 2 of section 73 of the Prevention of Money Laundering Act, 2002 (15 of 2003), the Central Government , in consultation with Reserve Bank of India, hereby makes the [...]
