SEBI enlists the permissible nations and exchanges in which Depository receipts can be issued and listed by Indian companies
SEBI in its earlier notification dated 10th October 2019, has stated that a Listed company shall be permitted to issue permissible securities or transfer Permissible Securities of existing holders, for the purpose of issue of DRs, only in Permissible Jurisdictions and said DRs shall be listed on any of the specified International Exchange(s) of the Permissible Jurisdiction. on November 28, a list of permissible jurisdictions and international exchanges has also been prescribed by SEBI.
SEBI revises cut-off time for margin collection for commodity derivatives
The Securities Exchange Board of India in its Notification dated 29th November 2019 has issued circular on cut-off time for the collection of margins from commodities traders that are traded beyond banking hours. The directive will be effective from April 1, 2020.
SEBI Issues norms for Debt Exchange Traded Funds and Index Funds for Asset Management Companies (AMCs).
SEBI has released norms for debt exchange traded funds and Index Funds for Asset Management Companies (AMCs). The norms prescribe that no single issuer will have more than 15% weight in the index, the index will have a minimum of eight issuers and rating of the constituents of the index will be investment grade.
The Central Motor Vehicles Rules amended to prescribe new carbon emission limits for different vehicles
The Central Motor Vehicles (Twelfth Amendment) Rules, 2019 issued on 26th November, 2019 has prescribed new carbon emission limits for different category- 4/3/2 wheeler – of vehicles using liquefied Petroleum Gas, Compressed Natural Gas or Diesel.
Prohibition of Benami Property Transactions (1st Amendment), Rules, 2019 prescribes new format and fee structure to file appeals.
Prohibition of Benami Property Transactions (1st Amendment), Rules, 2019 has amended the Form 3 which prescribes format in which Appeal is filed. The Amendment also prescribe fees of Rs. 2,000 for filing an appeal against penalty order and Rs.10,000 for appeal against order issued by the adjudicating authority.