SEBI June 2014

By July 16, 2014 December 20th, 2019 No Comments
Date Subject Amendment
CIR/IMD/DF/12/2014 17-Jun-14 Base Issue Size, Minimum
Subscription, Retention of Over
– Subscription Limit and further disclosures in the Prospectus for Public
Issue of Debt securities
Following are prescribed:  (i) minimum subscription for public issue
of debt securities shall be specified as 75% of the base issue. (ii)  further if the issuer does not
receive minimum subscription of its base issue size(75%), then the entire
monies shall be refunded within 12 days from the date of the closure of the
issue, failing which interest at the rate of 15% per annum shall be paid.
(iii) Base Issue
size shall be minimum Rs 100 crores. (iv) issuers shall be allowed to
retain the over
– subscription money up to the maximum of 100% of the Base Issue size or
any lower limit as specified in the offer document. Further, certain additional
disclosures are required to be done in a public offer document of Debt
instruments and NCDs.
CIR/IMD/FIIC/13/2014 17-Jun-14 Investments by FPIs in
Non-Convertible / Redeemable preference shares or debentures of Indian
FPIs are permitted to invest on
repatriation basis, in non-convertible/redeemable
preference shares or debentures issued by an Indian company in terms of the
RBI circular and listed on recognized stock exchanges in India. The
investments by FPIs in the abovementioned securities shall be reckoned
against the Corporate Debt Investment Limits (US$ 51 billion). 
Paper – PR No. 62/2014
17-Jun-14 Crowdfunding in India SEBI has placed a Consultation
Paper on ‘Crowdfunding In India’ on the website for public comments.
Crowdfunding is solicitation of funds (small amount) from multiple investors
through a web-based platform or social networking site for a specific project,
business venture or social cause.
CIR/IMD/DF/14/2014 19-Jun-14 Guidelines on disclosures,
reporting and clarifications
under AIF Regulations
Guidelines on various procedural
requirements with respect to Alternate Investment Funds have been provided
with respect to disclosures, reporting and clarifications under AIF
27-Jun-14 SEBI Circulars No. CIR/CFD/DIL/3
/2013 dated January 17, 2013, CIR/CFD/DIL/7/2013 dated May 13, 2013 and
CIR/CFD/POLICYCELL/14/2013 dated November 29, 2013 –
Extension of time line for alignment
SEBI Board is currently under
process of framing a new set of regulations concerning employee benefit
schemes dealing in shares of the company. Accordingly, SEBI has extended the
time line for aligning the existing employee benefit schemes with
the SEBI (ESOS and ESPS) Guidelines, 1999 till the new regulations are

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