India – Capital Markets Snapshots.

Amendments to SEBI Act, 1992 and Securities Contracts (Regulation) Act, 1956

With effect from April 1, 2021, the Securities and Exchange Board of India Act, 1992 (‘SEBI Act’) and the Securities Contracts (Regulation) Act, 1956 (‘SCRA’) have been amended to incorporate the amendments…
 

Amendments to Takeover Regulations

With the objective of making the innovators growth platform (‘IGP’) more accessible to companies in view of the evolving start-up ecosystem, SEBI has, on May 5, 2021, introduced the following amendments to the SEBI…
 

Amendments to Listing Regulations

With effect from May 5, 2021, SEBI notified various amendments to the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘Listing Regulations’). Certain key amendments notified are…
 

SEBI Revises Framework for Regulatory Sandbox

By a circular dated June 5, 2020, SEBI had introduced a framework for regulatory sandbox (‘Framework’) for SEBI regulated entities. Our write-up on the said circular can be accessed…
 

Amendments to SCRA Rules, 1957

The Ministry of Finance, by a Notification dated June 18, 2021, has introduced certain amendments dealing with public shareholding norms to the Securities Contracts (Regulation) Rules, 2021…
 

New Business Responsibility and Sustainability Reporting Requirements

By a Circular dated May 10, 2021, SEBI has introduced new reporting requirements on ESG (Environment, Social and Governance) parameters called the Business Responsibility and Sustainability Report (‘BRSR’)…
 

SEBI Circular on Streamlining Process of IPOs with UPI in ASBA and Redressal of Investor Grievances

SEBI issued a Circular dated June 2, 2021, on streamlining the process of initial public offers (‘IPOs’) with the Unified Payment Interface (‘UPI’) for applications supported by blocked amounts (‘ASBA’) and redressal of investor grievances…
 

Consultation Paper on Review of Regulatory Framework of Promoter, Promoter Group and Group Companies

SEBI issued a consultation paper on May 11, 2021, for public comments, on the review of the regulatory framework of promoter, promoter group and group companies as per the Securities and Exchange Board of India…
 

Rationalisation of AIF Regulatory Reporting Requirements

SEBI on April 7, 2021 issued a Circular rationalizing the existing AIF regulatory reporting requirements prescribed in circular dated July 29, 2013. Timeline for submitting a quarterly report…
 

Amendments to SEBI (AIF) Regulations, 2012

SEBI by a Notification dated May 5, 2021 and through a Clarification Circular on June 25, 2021 brought in the following major amendments to SEBI (AIF) Regulations, 2012 (‘AIF Regulations’)…
 

Enhancement of Overall Limit for Overseas Investment by AIFs / VCFs.

The upper limit in overseas investments by AIFs and VCFs has been increased to US$ 1,500 million instead of US$ 750 million by SEBI Circular dated May 21, 2021…
 

AIFs in IFSC

IFSC through Circular dated June 25, 2021 has amended the norms pertaining to AIFs in IFSC as follows:

i. continuing interest requirement of the investment manager or sponsor in AIFs under the operating guidelines dated…