Tag: SEBI

SEBI relaxes norms for acquisition of distressed companies

Securities and Exchange Board of India (“SEBI”) relaxed norms for acquiring shares of distressed companies by exempting such acquisition from the mandatory open offer requirements under the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations,

SEBI introduces provisions for exit offer to dissenting shareholders

Introduction The Companies Act, 2013 had introduced an exit option for those shareholders who do not agree with the change in the objects or terms of contract referred to in the prospectus[1] (“Dissenting Shareholders”). However,

SEBI v. Kishore R Ajmera: Voluminous trading in illiquid scrips

Introduction The instant case involves five appeals filed by the Securities and Exchange Board of India (“SEBI”) against brokers and sub-brokers who have indulged in trading of illiquid scrips and artificially creating a high volume

Liberalisation of foreign exchange regulations

By Varsha G Subramanian Enhanced limit under the Liberalized Remittance Scheme (“LRS”) The Reserve Bank of India (the “RBI”) introduced LRS in 2004 to allow remittances outside India. Under the scheme, resident individuals are permitted

SEBI revamps insider trading regulations

By Varsha G Subramanian Introduction Insider trading refers to use of certain unpublished information related to a public listed company by a person for the purpose of transacting the securities of the company. Insider trading

Securities Laws (Amendment) Bill, 2014

By Maj. Aneesh Gurudas In the light of SEBI’s legal turf with the Sahara group, SEBI has been in dire need of enhanced powers to regulate the securities market. Adding fuel to the fire, the

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