Promoters and Whole Time Directors in case of compulsory delisting

Where stock exchange makes compulsory delisting of equity shares of a Company under SEBI (Delisting of Equity Shares) Regulations, 2009 AND if the fair value to be paid to public shareholders is positive (which is determined by an Independent valuer appointed by Stock exchange), then such company and the depositories (both) shall not effect transfer, … Continue reading Promoters and Whole Time Directors in case of compulsory delisting

SEBI and insider trading

Gist of provisions of SEBI Act, 1992 dealing with Insider Trading. Section 12A(d) prohibits, inter alia, engaging in insider trading. Section 11(2)(g) empower SEBI to take appropriate measures to protect the interest of investors in securities and to promote the development of securities market and to regulate securities market. Such measure of SEBI includes, inter … Continue reading SEBI and insider trading

SEBI Insider Trading Regulations 2015 and 1992 – comparison

SEBI Prohibition Insider Trading Regulations 2015 and 1992 - comparison SEBI (Prohibition of Insider Trading) Regulations, 2015 (base w.e.f. 16 May 2015) SEBI (Prohibition of Insider Trading) Regulations, 1992 (w.e.f.19th Nov. 1992 to 15th May 2015) Comments. (Unless otherwise specified, reference is to 2015 regulations) 2 (1) (b) “Board” means the Securities and Exchange Board … Continue reading SEBI Insider Trading Regulations 2015 and 1992 – comparison

SEBI Circular to stock exchanges for action to be taken on non-compliance of conditions of listing agreement

[Circular no. CIR/MRD/ DSA / 31 /2013 dated September 30, 2013. Copy may be downloaded from here.] SEBI has asked stock exchanges to streamline the processes and procedures with regard to actions for non compliance of certain conditions of listing agreement, which have so far been considered as grounds for suspension of trading by the stock … Continue reading SEBI Circular to stock exchanges for action to be taken on non-compliance of conditions of listing agreement