India - Capital Markets Snapshots.

Legal News & Analysis – Asia Pacific - India - Capital Markets - Regulatory & Compliance

4 August, 2020

 

 

  • Mauritius Based Entities now Eligible for Registration as Category I FPI

    The Securities and Exchange Board of India (‘SEBI’), has on April 7, 2020, amended the SEBI (FPI) Regulations, 2019 for expanding the scope of entities that are eligible to be Category I FPIs (‘Cat I FPIs’)...

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  • Operational Framework for Transactions in Defaulted Debt Securities

    Based on representations received from market participants and investors to allow transactions in debt securities where redemption amount has not been paid on maturity/redemption date (‘Defaulted Debt Securities’), SEBI...

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  • Relaxation of Time Gap between Board and Audit Committee Meetings

    By its Circular dated March 19, 2020, SEBI had relaxed the requirement of maximum time period of 120 days between two board meetings or two audit committee meetings of listed entities for the period between December 1, 2019 and June 30, 2020...

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  • Relaxations and Amendments to SEBI ICDR Regulations

    Rights Issue

    In light of the COVID-19 pandemic, SEBI has, by way of its Circular dated May 6, 2020, provided certain relaxations under the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018...

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  • Extension of Timeline for Filings for AIFs and VCFs

    SEBI Circular dated March 30, 2020 extended the due dates for regulatory filings for alternative investment funds (‘AIFs’) and venture capital funds (‘VCFs’) for the period ending March 31, 2020 and April 30, 2020 by two months over and above the timelines...

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  • Clarifications on Audit Requirement for AIFs

    SEBI has, by way of its Circular dated June 12, 2020, issued certain clarifications in relation to the Circular on disclosure standards for AIFs issued by SEBI on February 5, 2020. Some of the key clarifications are...

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  • Amendments to the InvIT and REIT Regulations

    SEBI has, by way of two Circulars both dated June 16, 2020, amended the SEBI (Infrastructure Investment Trusts) Regulations, 2014 (‘InvIT Regulations’) and the SEBI (Real Estate Investment Trusts) Regulations, 2014...

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  • SEBI Informal Guidance in the Matter of India Infrastructure Trust

    SEBI has, by way of an ‘interpretive letter’ to India Infrastructure Trust dated March 12, 2020, clarified the following with respect to certain provisions of the InvIT Regulations...

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  • Amendments to KYC Guidelines to Facilitate Use of Technology

    By its Circular dated April 24, 2020, with a view to improve the ease of doing business in the securities market, SEBI has provided that KYC can be completed through online/ app based Know Your Client (‘KYC’), in-person verification through video, online submission...

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  • SEBI Guidelines on Regulatory Sandbox Framework

    SEBI has, by its Circular dated June 5, 2020, introduced a framework for a ‘Regulatory Sandbox’. Under this framework, entities that are regulated by SEBI will be granted certain facilities and flexibilities to experiment with financial technology solutions in a live environment and on a limited set of real customers for a limited time frame...

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  • Other Key Developments

    Please refer to our Client Alerts dated April 2, 2020, May 11, 2020, May 16, 2020 and May 26, 2020 (accessible on our website hereherehere and here) for other key updates relating to Captial Markets...

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For further information, please contact:

 

Zia Mody, Partner, AZB & Partners

zia.mody@azbpartners.com