May 2016

Illegal ‘trading tips’ through mobile SMSs and WhatsApp messages

SEBI issued an order on May 12, 2016, against two individuals who provided investment related advisory services without a certificate of registration from SEBI. The individuals were offering for a fee, trading tips and stock specific recommendations through mobile SMSs/WhatsApp messages and on their website which contained enticing and misleading claims. SEBI had issued an…

Procedural Guidelines for InvITs

SEBI, on May 11, 2016, issued procedural guidelines for public issue of units by infrastructure investment trusts (InvITs). The circular applies to InvITs that invest a minimum of 80% of their assets in completed and revenue generating projects, as only these are permitted to undertake public issue of units under the SEBI (Infrastructure Investment Trusts)…

© Finsec Law Advisors | 2017
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