On 16 February 2023, IND SEBI issued master circular on takeover procedures, formats. IND SEBI issued master circular for procedures and formats under SEBI (substantial acquisition of shares and takeovers) regulations, 2011 (takeover regulations). Follows IND SEBI March 2022 on the system driven disclosures. Overview Enables stakeholders to have access to provisions of applicable circulars […]
On 9 February 2023, the FSC publicly announced the sanctioning of five firms for naked short selling.
On 17 February 2023, Rulefinder alerted to new temporary short selling bans in S Korea. These short selling bans will be in effect on 20 February 2023.
On 14 February 2023, IND SEBI amended infrastructure investment trusts rules. IND SEBI issued the infrastructure investment trusts amendment regulations, 2023. Amend SEBI infrastructure investment trusts (InvITs) regulations, 2014, which are now renamed SEBI (infrastructure investment trusts) regulations, 2020. Key Provisions Amendments are made to clauses concerning changes in control of ownership or in controlling […]
On 14 February 2023, ITA GVT issued MEF rules on controlled companies boards. ITA GVT announced public shareholdings directive of Minister of Economy and Finance. Re procedures to appoint members of corporate bodies of ministry owned companies. Directive registered with the Court of Auditors on 9 February 2023 with number 128. Overview It amends the […]
On 10 February 2023, TAI TPEX amended supplemental rules governing applications by group enterprises for TPEX listing of stock, to protect rights, interests of shareholders. Issuing company should submit a checklist completed by the recommending securities firm when applying for OTC listing, to prevent shell investment holding companies. Also made the same changes to rules […]