SEBI Notification on Certification for Investment Advisers

SEBI, through a notification dated 27 January, 2014 has recognized Certified Financial Planner certification from the Financial Planning and Standards Board India, as being an eligible certification for registration under SEBI (Investment Advisers) Regulations, 2013. However the proviso to paragraph 3 of the Notification exempts only those associated persons, who have already obtained CFP certification…

SEBI (Settlement of Administrative and Civil Proceedings) Regulations, 2014

SEBI has recently issued the SEBI (Settlement of Administrative and Civil Proceedings) Regulations, 2014 with retrospective effect from April 20, 2007 rescinding the earlier circulars on the same issue. The Regulations lay down the substantive procedure for settlement of administrative and civil proceedings. It provides for settlement in monetary as well as non-monetary terms or…

Optionality Clauses in FDI Instruments

The Reserve Bank of India has finally cleared the dust and permitted optionality clauses in equity shares and compulsorily and mandatorily convertible preference shares/debentures issued to a person resident outside India under the Foreign Direct Investment Scheme. An optionality clause will oblige the buy-back of securities from the foreign investor by Indian promoters/residents at the…

Note on draft SEBI (Research Analyst) Regulations, 2013

The Draft SEBI (Research Analyst) Regulations, 2013 was issued on 29 November, 2013. Before the draft regulations, research analysts have been subjected to disclosure requirements under the SEBI (Prohibition of Insider Trading) Regulations, 1992 and the Code of Corporate Disclosure Practices for Prevention of Insider Trading. The draft regulations provide for Registration and regulation of…

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