Master Circular for Custodians

SEBI has issued Master Circular for Custodians. The master circular provides that for online registration, applicant can access SEBI Intermediary Portal (https://siportal.sebi.gov.in) to submit the applications for registration as a Custodian under the provisions of Securities and Exchange Board of India (Custodian) Regulations, 1996(“Custodian Regulations”). Link for SEBI Intermediary Portal is also available on SEBI […]

SEBI draft circular for Enhancement of operational efficiency and Risk Reduction – Pay-out of securities directly to client demat account

The Securities and Exchange Board of India (SEBI), in its continuous efforts to safeguard investors’ interests and ensure the sanctity of the securities market, has proposed a draft circular for public commentary. This draft circular focuses on the mandatory payout of securities directly into client demat accounts, thereby bypassing the intermediary pool accounts traditionally used in the process.

IFSCA prescribes additional requirements for carrying out the permissible activities by Finance Company as a Lessor under ‘Framework for Ship Leasing’

It is hereby specified that an applicant under the SL Framework or a lessor, who has obtained a Certificate of Registration (CoR), shall not undertake transactions which involves transfer, in any form, of the ownership and/or leasehold right of a ship or ocean vessel from a person resident in India for the purpose of providing services solely to person resident in India.

IBBI clarification regarding uploading of judicial orders related to insolvency proceedings by Insolvency Professionals

As IPs have the first-time access and information of all the important judicial orders affecting the processes handled by them under the Insolvency and Bankruptcy Code, 2016 (Code), it has been decided that the IPs shall upload below mentioned judicial orders pertaining to their respective assignments on their dashboard. This would also ensure that the important judicial orders which have significant impact on the ongoing processes under the Code are available for facilitation of stakeholders in a timely manner.