SEBI December 2014

By January 15, 2015 December 20th, 2019 No Comments
Notification/Circular Date Subject Amendment
CIR/MRD/DP/32 /2014 December
01, 2014
made to Offer for Sale (OFS) of Shares
make it easier for retail investors to participate in OFS, it has been
decided by SEBI that the seller may give an option to the retail investors to
place their bid at cut-off price in addition to placing price bids. Also, for
the bids in the retail category, clearing corporation would now be allowed to
collect a margin, the extent being 100% of order value in cash or its
equivalents. The Stock Exchanges have been advised to secure systems for
implementation of the above decision along with changing bye-laws, rules or
regulations and informing the member brokers of the stock exchange to
disseminate this on their website.
CIR/MRD/DSA/33/2014 December
09, 2014
transactions in Mutual Fund schemes through Stock Exchange Infrastructure
has permitted Mutual Fund Distributors to use recognised stock exchange’s
infrastructure to purchase and redeem non-demat transactions in mutual fund.
CIR/OIAE/1/2014 December
18, 2014
of investor grievances through SEBI Complaints Redress System (SCORES)
circulars/directions have been issued from June, 2011 to April, 2013 with
respect to SCORES which is a platform for aggrieved investors, whose
grievances, pertaining to securities market, remain unresolved by
the concerned listed company or registered intermediary. In order to enable
the users to have an access to all the applicable circulars/directions at one
place for convenience the present circular on SCORES has been notified which
consolidates the current provisions.
LAD-NRO/GN/2014-15/18/1952 (Awaiting publication) December
24, 2014
and Exchange Board of India Depositories and Participants (Amendment)
Regulations, 2014
per 20AB (1), a participant who has been granted a certificate of
registration is now allowed to act as a participant of another depository
without obtaining separate certificate of registration if such other
depository approves it. 
CIR/MIRSD/6/2014 December
30, 2014
for Foreign Accounts Tax Compliance Act (FATCA)
Government of India informed SEBI that as per the FAQ published on the US
Internal Revenue Service (IRS) website, Foreign Financial Institutions (FFIs)
in Model 1 jurisdictions need to register with the US IRS and obtain a Global
Intermediary Identification Number (GIIN) before January 01, 2015, or at the
earliest, in order to avoid withholding. The FFIs who have registered but
have not obtained a GIIN should indicate to the withholding agents that the
GIIN is being awaited.
CIR/ MIRSD/5/ 2014 December
30, 2014
Registration for Depository Participants
have been issued for implementation of SEBI Depositories and Participants
(Amendment) Regulations, 2014. 
LAD-NRO/GN/2014-15/20/1972 (Awaiting publication) December
30, 2014
and Exchange Board of India (Foreign Venture Capital Investors) (Amendment)
Regulations, 2014
the Securities and Exchange Board of India (Foreign Venture Capital
Investors) Regulations, 2000, regulation 2, sub-regulation (1), as per the
present amendment clause (m) is substituted with “venture capital
undertaking” defined as a domestic company which is not listed on a
recognised stock exchange in India at the time of making investment and which
is engaged in the business for providing services, production or manufacture
of article or things and does not include activities or sectors like
non-banking financial companies (other than Core Investment Companies (CICs)
in the infrastructure sector, Asset Finance Companies (AFCs), and
Infrastructure Finance Companies (IFCs) registered with Reserve Bank of
India), gold financing, activities not permitted under industrial policy of
Government of India or any other activity which may be specified by the Board
in consultation with Government of India.
LAD-NRO/GN/2014-15/20/1973 (Awaiting publication) December
30, 2014
and Exchange Board of India (Mutual Funds) (Second Amendment) Regulations,
the Securities and Exchange Board of India (Mutual Funds) Regulations, 1996,
regulation 21, sub-regulation (1), clause (f), in the first proviso, the
words ‘these regulations’ have been substituted with the words ‘Securities
and Exchange Board of India (Mutual Funds) (Amendment) Regulations, 2014’ and
after the third proviso it is inserted that, ‘Provided further that in cases
where the Board is satisfied that an asset management company is taking steps
to meet the networth requirement within the specified time, the asset
management company may be allowed to launch upto two new schemes per year’.

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