Tuesday, October 9, 2012

SEBI Updates 10-10-12

Rule 19A of the Securities Contracts (Regulation) Rules, 1957.

Clarification issued: "Public Shareholding" would be computed as "Shares held by public" as a total percentage of "total number of shares held by promoters, promoter group and public." Capital issued outside India will not be be included.

Regulation 26(1) of the SEBI (ICDR) Regulations, 2009

Listed entities coming out with further public offers (FPOs) will not be required to meet the profitability criteria stated in Regulation 26(1) of the SEBI (ICDR) Regulations, 2009. However they will be guided by the provisions of Regulation 27.

This will enable loss making companies to raise funds by way of FPOs.

FDI-Relaxation in Capitalization norms for subsidiaries of foreign owned NBFCs
An NBFC is a Company registered under Companies Act, 1956
engaged in the business of loans and advances, acquisition of shares/stock/bonds/debentures/securities issued by Government,


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