Sebi Extends Nomination Deadline For Existing Trading, Demat Account Holders Till Sept 30
1 year, 11 months ago

Sebi Extends Nomination Deadline For Existing Trading, Demat Account Holders Till Sept 30

ABP News  

The Securities and Exchange Board of India on Tuesday extended the deadline till September-end for existing trading and demat account holders to provide choice of nomination or opt out of nomination. In July 2021, the Sebi asked all existing eligible trading and demat account holders to provide choice of nomination on or before March 31, 2022, failing which the trading and demat accounts would have been frozen for debits. Investors who are opening new trading and demat accounts from October 1, 2021 have the choice of providing nomination or opting out of nomination through a declaration form. The regulator allowed designated depository participants to grant FPI registration on the basis of scanned copies of application forms and supporting documents, according to a circular.

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History of this topic

SEBI Teams Up With DigiLocker To Tackle Unclaimed Assets And Boost Investor Protection
5 days, 18 hours ago

SEBI Teams Up With DigiLocker To Tackle Unclaimed Assets And Boost Investor Protection

ABP News  

The Securities and Exchange Board of India on Wednesday partnered with DigiLocker to help investors track their securities holdings and reduce unclaimed financial assets. This initiative, outlined in the SEBI’s circular titled "Harnessing DigiLocker as a Digital Public Infrastructure for Reducing Unclaimed Assets in the Indian Securities Market," aims to enhance investor protection and streamline access to financial holdings. By …

Demat Account Additions Hit 21-Month Low Amid Market Decline
1 week ago

Demat Account Additions Hit 21-Month Low Amid Market Decline

Deccan Chronicle  

The number of new demat account additions in India fell to a 21-month low of 2.3 million in February 2025, down from 2.8 million in January, as ongoing corrections in the equity market weighed on investor sentiment.Despite the slowdown, the total registered demat accounts in the country reached 190 million in February, according to an analysis by Motilal Oswal Financial …

Sebi allows Associations of Persons to open demat accounts. Here’s why
3 weeks, 6 days ago

Sebi allows Associations of Persons to open demat accounts. Here’s why

Live Mint  

The Securities and Exchange Board of India on Tuesday granted permission to Associations of Persons to open demat accounts in their own name. Through demat accounts, AoPs can hold mutual fund units, corporate bonds, and government securities. "Upon examination of the relevant legal provisions and after detailed deliberations with stakeholders, to foster and ensure ease of doing business, it has …

Sebi mulls tech-based measures to prevent unauthorised transaction in investors’ demat account
1 month ago

Sebi mulls tech-based measures to prevent unauthorised transaction in investors’ demat account

Live Mint  

New Delhi, Feb 18 To create a secure trading environment, markets regulator Sebi on Tuesday proposed to strengthen authentication using a SIM binding mechanism with mobile devices and the client's UCC similar to that of UPI payment applications. "The authentication mechanism for accessing the trading account has to be strengthened in order to ensure that only authorized users could execute …

As ₹500 crore of unclaimed wealth piles up, Sebi plans a streamlined returns process
1 month, 1 week ago

As ₹500 crore of unclaimed wealth piles up, Sebi plans a streamlined returns process

Live Mint  

For evidence of the financial immaturity of Indian investors you don’t need to dig beyond this data. The unclaimed funds or securities can also be transferred to a client’s nominee or legal heir if the client has passed away and their bank or demat account has been closed. The stock exchange too would be required to deploy such funds in …

Disclosure rules on related-party transaction
1 month, 1 week ago

Disclosure rules on related-party transaction

New Indian Express  

NEW DELHI: Markets regulator Sebi on Saturday introduced industry standards for the minimum information that listed entities are need to provide to the audit committee and shareholders when seeking approval for the related-party transactions. The Industry Standards Forum comprising representatives from three industry associations -- ASSOCHAM, CII and FICCI -- have formulated these standards for minimum information to be provided …

Sebi revises timelines for issuance of consolidated account statements for depositories
1 month, 1 week ago

Sebi revises timelines for issuance of consolidated account statements for depositories

Live Mint  

New Delhi, Feb 15 Capital markets regulator Sebi has revised the timelines for the issuance of Consolidated Account Statements by depositories to enhance compliance ease. Under the revised framework, in respect of half yearly CAS, Sebi decided that "the AMCs/MF-RTAs shall provide the data with respect to the common PANs to the depositories on or before 8th day of April …

Sebi-registered non-bank brokers can directly access NDS-OM: RBI
1 month, 2 weeks ago

Sebi-registered non-bank brokers can directly access NDS-OM: RBI

The Hindu  

The RBI on Friday said non-bank brokers registered with market-regulator Sebi can directly access NDS-OM, an electronic trading platform for secondary market transactions in government securities, on behalf of their clients. "With a view to widening access, it has been decided that non-bank brokers registered with SEBI can directly access NDS-OM, on behalf of their clients," the Reserve Bank of …

Sebi cancels registration of 4 stock brokers
1 month, 3 weeks ago

Sebi cancels registration of 4 stock brokers

Live Mint  

New Delhi, Markets regulator Sebi on Wednesday cancelled the registration of four stock brokers Single Window Securities, Sunness Capital India, GACM Technologies and Infotech Portfolio after they failed to meet the registration requirements. In its orders, Sebi said that four stock brokers were granted registrations subject to certain conditions, including the condition that they continue to be members of a …

Government invites application for SEBI chief post
1 month, 3 weeks ago

Government invites application for SEBI chief post

The Hindu  

The Government on Monday invited applications for the post of Chairman of the Securities and Exchange Board of India. The current SEBI chairperson Madhabi Puri Buch's three-year term ends on February 28. “The chairperson will receive a pay equivalent to a secretary to the Government of India which is ₹5,62,500 per month,” the The ministry also said that keeping in …

SEBI proposes mandatory issuance of new securities in demat form post stock split, mergers
2 months, 1 week ago

SEBI proposes mandatory issuance of new securities in demat form post stock split, mergers

Live Mint  

To encourage demat holding of securities, Sebi on Tuesday proposed mandating listed companies to issue securities only in demat form following stock split, consolidation of face value of shares, and merger or demerger. Considering this, while Sebi is encouraging holding of securities in demat form by the investors, at present a few investors hold securities in physical form. Accordingly, to …

Mutual fund investors can now nominate up to 10 individuals. Details here
2 months, 1 week ago

Mutual fund investors can now nominate up to 10 individuals. Details here

India Today  

The Securities and Exchange Board of India has revamped mutual fund nomination rules, introducing flexibility and transparency for investors. From March 1, 2025, Sebi’s revised guidelines allow mutual fund investors to nominate up to 10 individuals, aiming to address issues of unclaimed assets and improve asset management in cases of investor incapacity or death. Sebi has also simplified the asset …

Sebi proposes using DigiLocker to help heirs claim mutual funds
3 months, 2 weeks ago

Sebi proposes using DigiLocker to help heirs claim mutual funds

India Today  

The Securities and Exchange Board of India has proposed leveraging DigiLocker, a government-backed digital document storage platform, to streamline processes and reduce unclaimed assets in the securities market. AUTOMATIC UPDATES FOR ASSET TRANSMISSION Sebi's proposal includes automatic updates to a DigiLocker user’s account status upon their demise, based on data from the Registrar General of India or KYC Registration Agencies. …

Sebi proposes revisions to custodian regulations
4 months, 1 week ago

Sebi proposes revisions to custodian regulations

Live Mint  

The Securities and Exchange Board of India has issued a consultation paper seeking feedback on proposed updates to the Sebi Regulations, which govern the operations of custodians in the Indian securities market. Given the importance of custodians in ensuring smooth market operations, especially for institutional investors, the consultation paper proposes several changes to enhance regulatory oversight and operational resilience. Sebi …

Qualified stockbrokers must offer UPI block or 3-in-1 trading facility from Feb
4 months, 1 week ago

Qualified stockbrokers must offer UPI block or 3-in-1 trading facility from Feb

Live Mint  

The Securities and Exchange Board of India on Monday mandated all qualified stockbrokers to provide their clients with a unified payments interface for blocking funds or a 3-in-1 trading system to trade in the secondary markets. From 1 February 2025, all qualified stockbrokers must offer either the UPI-blocked trading facility or the integrated 3-in-1 trading account. A UPI block mechanism …

Sebi's Demat Reform: A Step Towards Financial Inclusion for Collective Entities
5 months ago

Sebi's Demat Reform: A Step Towards Financial Inclusion for Collective Entities

Live Mint  

India is taking significant steps towards financial inclusion and regulatory simplification with the Securities and Exchange Board of India (Sebi) proposing a key reform for non-corporate entities. The proposal allows Associations of Persons (AoPs) to open demat accounts in their names for holding non-equity securities. This reform aims to enhance the ease of doing business for entities such as housing …

SEBI Cancels Registration Of 39 Stock Brokers, 7 Commodity Brokers, And 22 Depository Participants For Non-Compliance
6 months, 3 weeks ago

SEBI Cancels Registration Of 39 Stock Brokers, 7 Commodity Brokers, And 22 Depository Participants For Non-Compliance

Live Law  

The Securities and Exchange Board of India has cancelled the registration of 39 stock brokers, seven commodity brokers, and 22 depository participants. SEBI clarified that these brokers and depository participants remain accountable for any actions taken or omitted during their tenure as registered entities. According to these regulations, stock brokers must maintain membership with a recognized exchange, and depository participants …

Demat accounts & mutual fund portfolios won't be frozen for not giving nomination details : SEBI
9 months, 2 weeks ago

Demat accounts & mutual fund portfolios won't be frozen for not giving nomination details : SEBI

Hindustan Times  

Demat accounts and mutual fund portfolios won't be frozen for not submitting nomination, SEBI announced today. Security holders can also receive dividend, interest or redemption payment as well as to lodge grievance or avail any service request, even if 'choice of nomination' is not submitted, SEBI wrote, adding that payments including dividend, interest or redemption payments which are currently withheld …

SEBI Mandates Direct Transfer Of Securities To Client Demat Accounts
9 months, 2 weeks ago

SEBI Mandates Direct Transfer Of Securities To Client Demat Accounts

Live Law  

The Securities and Exchange Board of India has issued new guidelines mandating the direct transfer of securities to clients' demat accounts by clearing corporations. The existing practice involves brokers pooling securities received in payout and then crediting them to respective client demat accounts. Under the new guidelines, clearing corporations are required to provide a mechanism for trading members/clearing members to …

SEBI mulls revamping nominations framework to reduce unclaimed assets in securities market
1 year, 1 month ago

SEBI mulls revamping nominations framework to reduce unclaimed assets in securities market

The Hindu  

Capital markets regulator Securities and Exchange Board of India on February 2 proposed revamping the nominations framework in a bid to reduce unclaimed assets in the securities market as well as smoothen the process for claiming the assets by surviving successors of the deceased investors. Such revamped nomination facilities will operate without affecting the prevalent systems of law governing transmission …

Sebi to implement facility of ‘voluntary blocking’ of trading accounts
1 year, 2 months ago

Sebi to implement facility of ‘voluntary blocking’ of trading accounts

Live Mint  

Securities and Exchange Board of India has planned to offer the facility of voluntary freezing or blocking of the ‘Trading Accounts’ by clients as it is available in Demat accounts, ATMs, and Credit Cards. In a circular on Friday, the stock market regulator said, “It has been observed that at times, suspicious activities are noticed by the investors but the …

SEBI extends deadline to add nominees in mutual funds, demat accounts to June 2024
1 year, 2 months ago

SEBI extends deadline to add nominees in mutual funds, demat accounts to June 2024

India TV News  

Business news: Markets regulator the Securities and Exchange Board of India today extended the deadline to June 30, 2024 for demat and mutual fund account holders to provide a nomination. "Based on representations received from the market participants, for ease of compliance and investor convenience, it has been decided to extend the last date for submission of 'choice of nomination' …

Last date to add nominee in mutual funds, demat account is December 31: Check process here
1 year, 3 months ago

Last date to add nominee in mutual funds, demat account is December 31: Check process here

Hindustan Times  

All mutual fund investors must take note that December 31, 2023 is the last day for you to add and update the nominee in your mutual fund and demat account, according to the rules updates by the Securities and Exchange Board of India. The deadline to add nominee to your demat account is December 31 SEBI has made it mandatory …

Alternative investment funds in a fix as SEBI’s demat deadline of Oct 31 looms: Report
1 year, 5 months ago

Alternative investment funds in a fix as SEBI’s demat deadline of Oct 31 looms: Report

Live Mint  

Alternative investment funds are in a fix over the market regulator’s diktat to dematerialise units of funds with a corpus of ₹500 crore or more by October 31, reported Business Line. The industry may reach out to the Securities and Exchange Board of India seeking extension of timeline, grandfathering of existing investments and exemption for funds whose life is ending …

SEBI prolongs the nomination deadline for demat accounts until December 31. All you need to know
1 year, 5 months ago

SEBI prolongs the nomination deadline for demat accounts until December 31. All you need to know

Live Mint  

Individual Demat account holders now have until December 31 to either nominate a beneficiary or choose to opt out by submitting a declaration form. As per SEBI's regulation, new investors are required to either nominate their securities or explicitly opt out of nomination by submitting a declaration form when establishing trading and Demat accounts. In a circular issued on March …

Mutual fund folios, demat account-related deadlines: 5 changes in place from October 1
1 year, 5 months ago

Mutual fund folios, demat account-related deadlines: 5 changes in place from October 1

Hindustan Times  

In October, several significant changes are set to take place in the personal finance and administrative landscape of the country. Mutual fund folios nomination: The deadline to designate nominees for all existing mutual fund folios, including jointly-held ones, is September 30, 2023. Sebi nomination deadline for demat, trading accounts: The cutoff date for eligible existing trading and demat account holders …

Sebi extends deadline to add nominees for demat account holders till December-end
1 year, 5 months ago

Sebi extends deadline to add nominees for demat account holders till December-end

India TV News  

Capital markets regulator Sebi on Tuesday extended the deadline by three months to December-end for existing demat account holders to provide choice of nomination or formally opt out of nomination through a declaration form. Earlier, the deadline for existing eligible trading and demat account holders to provide a choice of nomination was on or before September 30. Further, Sebi has …

SEBI suggests maintaining a distance between intermediaries and ‘finfluencers’. Here are 4 key reasons
1 year, 6 months ago

SEBI suggests maintaining a distance between intermediaries and ‘finfluencers’. Here are 4 key reasons

Live Mint  

The Securities and Exchange Board of India has introduced a proposal to limit interactions between its regulated entities and unregistered “finfluencers”. SEBI said in its consultation paper, “No SEBI registered intermediaries/regulated entities or their agents/representatives shall, directly or indirectly, have any association/relationship in any form, whether monetary or non-monetary, for any promotion or These proposed regulations would mandate that SEBI-regulated …

SEBI (Settlement Proceedings) Amendment Regulations, 2023 | SEBI Empowers Panel Of Whole Time Members For Settlement Proceedings
1 year, 7 months ago

SEBI (Settlement Proceedings) Amendment Regulations, 2023 | SEBI Empowers Panel Of Whole Time Members For Settlement Proceedings

Live Law  

In a significant development, the Securities and Exchange Board of India has introduced an amendment to the Securities and Exchange Board of India Regulations, 2018, via the Securities and Exchange Board of India Regulations, 2023. The Securities and Exchange Board of India has exercised its powers under Section 15JB of the Securities and Exchange Board of India Act, 1992, Section …

SEBI Amends Securities Contracts (Regulation) (Stock Exchanges And Clearing Corporations) Regulations, 2018
1 year, 7 months ago

SEBI Amends Securities Contracts (Regulation) (Stock Exchanges And Clearing Corporations) Regulations, 2018

Live Law  

Securities and Exchange Board of India has issued a notification on July 24, 2023, introducing amendments to the Securities Contracts Regulations, 2018. The newly introduced regulations, titled the "Securities Contracts Regulations, 2023," have been formulated by SEBI in exercise of the powers conferred by sections 4, 8A, and 31 of the Securities Contracts Act, 1956, read with sections 11 and …

SEBI Introduces Alternate Dispute Resolution Amendment Regulations 2023
1 year, 8 months ago

SEBI Introduces Alternate Dispute Resolution Amendment Regulations 2023

Live Law  

The Securities and Exchange Board of India issued a notification on July 3, 2023, introducing amendments to the Alternative Dispute Resolution Mechanism Regulations. Amendments to the Securities and Exchange Board of India Regulations, 1996: A new regulation, 17A, is inserted, stating that all claims, differences, or disputes between a custodian and its client shall be submitted to a dispute resolution …

National Securities Depository Limited (NSDL) files DRHP with SEBI for IPO
1 year, 8 months ago

National Securities Depository Limited (NSDL) files DRHP with SEBI for IPO

Live Mint  

National Securities Depository Limited a SEBI registered market infrastructure institution offering a wide range of products and services to the financial and securities markets in India has filed its Draft Red Herring prospectus with the Securities and Exchange Board of India. The company plans to raise funds via Initial Public Offering through issue of equity shares of face value Rs. …

SEBI bars IIFL Securities from taking new clients for 2 years
1 year, 9 months ago

SEBI bars IIFL Securities from taking new clients for 2 years

Live Mint  

Market regulator Securities and Exchange Board of India on Monday barred IIFL Securities from taking new clients for 2 years. In its probe, Sebi found that IIFL has misused the funds of its credit balance clients for settlement of its proprietary trades as well as the trades of its debit balance clients from April 2011 to June 2014, and the …

Sebi asks AMCs to file final offer documents digitally
1 year, 10 months ago

Sebi asks AMCs to file final offer documents digitally

Live Mint  

As part of ‘go green’ initiative, markets regulator Securities and Exchange Board of India Tuesday directed asset management companies to file final offer documents only digitally and there would be no requirement of filing of physical copies of the same with Sebi. The markets regulator said to safeguard the interests of investors in securities market, all new fund offers will …

Important update for demat, mutual funds nominations - Details
1 year, 11 months ago

Important update for demat, mutual funds nominations - Details

India TV News  

The original deadline for linking PAN to Aadhaar, demat, and mutual fund nominations was March 31, 2023. The deadline for linking PAN and Aadhaar As per a press release issued by the Central Board of Direct Taxes on March 28, 2023, individuals can now link their Permanent Account Number with Aadhaar without any negative consequences, as the deadline for integration …

Sebi Extends Nomination Deadline for Existing Trading, Demat Account Holders Till Sep 30
1 year, 11 months ago

Sebi Extends Nomination Deadline for Existing Trading, Demat Account Holders Till Sep 30

News 18  

Capital markets regulator Sebi on Tuesday extended the deadline till September-end for existing trading and demat account holders to provide choice of nomination or opt out of nomination. In July 2021, the Securities and Exchange Board of India asked all existing eligible trading and demat account holders to provide choice of nomination on or before March 31, 2022, failing which …

Demat Accounts To Be Frozen If Nomination Not Filed By This Deadline. Know How To Apply
2 years ago

Demat Accounts To Be Frozen If Nomination Not Filed By This Deadline. Know How To Apply

ABP News  

If you have not added any nomination to your demat account, then make sure you do it before March 31 as investors not meeting the deadline will see trading and demat accounts frozen for debits. In July 2021, Sebi had asked all existing eligible trading and demat account holders to provide a choice of nomination. In case of new investors …

Explained | How is the stock market regulated in India?
2 years, 1 month ago

Explained | How is the stock market regulated in India?

The Hindu  

The story so far: On February 10, the Supreme Court asked the Securities and Exchange Board of India and the government to produce the existing regulatory framework in place to protect investors from share market volatility. The SCRA empowers SEBI to recognise stock exchanges, prescribe rules and bye laws for their functioning, and regulate trading, clearing and settlement on stock …

Demat Account Holders: Two-Factor Authentication Deadline Ends Today. Know How To Enable
2 years, 5 months ago

Demat Account Holders: Two-Factor Authentication Deadline Ends Today. Know How To Enable

ABP News  

New Delhi: If you hold a Demat account and want to continue using the account, then you have only a day left to enable two-factor authentication. Demat account owners must enable two-factor authentication by 30 September 2022, the NSE stated. On June 14, the National Stock Exchange issued a notification saying that two-factor authentication can be done using biometric authentication …

Sebi bars 3 individuals from securities market for illegal investment advisory
2 years, 6 months ago

Sebi bars 3 individuals from securities market for illegal investment advisory

Live Mint  

Markets regulator Securities and Exchange Board of India on 31 August banned three individuals from the securities markets for providing unauthorised investment advisory services. The latest proceedings took place after SEBI issued a show cause notice dated 31 July, 2021 to RNS Global Capital and its proprietors' -- Lakhan Chouhan, Rohit Soni and Shivani Thakur -- alleging that they were …

SEBI attaches demat, bank accounts of individual in Acclaim Industries case
2 years, 8 months ago

SEBI attaches demat, bank accounts of individual in Acclaim Industries case

Live Mint  

The Securities and Exchange Board of India on Thursday ordered attachment of bank accounts as well as share and mutual fund accounts of an individual to recover investors' dues totaling ₹73.58 lakh in the matter related to trading in Acclaim Industries shares. The recovery proceedings against Abhishek Mehta for ₹73.58 lakh includes interest of 12 per cent per annum i.e. …

Executive Director Vacancy At Securities And Exchange Board Of India (SEBI)
3 years ago

Executive Director Vacancy At Securities And Exchange Board Of India (SEBI)

Live Law  

Securities and Exchange Board of India invites applications for the post of Executive Director on a contract/ deputation basis. of Post: 01 Essential Qualification and Experience On Contract • Educational Qualification & Experience as on December 31, 2021: MBA/MMS with specialization in Finance / CA / CS / CFA / CWA / LLB / Post Graduation in Economics, Finance or …

Sebi Clears Various Amendments, Extends Lock-In Period Of Anchor Investors To 90 Days
3 years, 2 months ago

Sebi Clears Various Amendments, Extends Lock-In Period Of Anchor Investors To 90 Days

ABP News  

New Delhi: The Securities and Exchange Board of India board on Tuesday took a slew of amendments, including extension of the lock-in period for anchor investors to 90 days. “The existing lock in of 30 days shall continue for 50 per cent of the portion allocated to anchor investor and for the remaining portion, lock in of 90 days from …

SEBI makes announcement-Those opening new trading and demat accounts would get option for nomination
3 years, 8 months ago

SEBI makes announcement-Those opening new trading and demat accounts would get option for nomination

ABP News  

New Delhi: Markets regulator SEBI on Friday said that from October 1, investors opening new trading and demat accounts will be given the option of nomination. In addition to this, SEBI declared that all existing eligible trading and demat account holders will have the option of nomination by March 31, 2022. The account holder would have to sign nomination and …

Sebi Orders Attachment of Bank, Demat Accounts of KKDIL, Others
4 years, 2 months ago

Sebi Orders Attachment of Bank, Demat Accounts of KKDIL, Others

News 18  

New Delhi: Markets regulator Sebi has ordered attachment of bank accounts as well as share and mutual fund holdings of KKDIL Nidhi Ltd and some individuals to recover dues totalling over Rs 35 lakh. In an attachment notice on Tuesday, Sebi ordered attachment of bank as well as demat accounts of KKDIL and others to recover the pending dues. The …

SEBI eases compliance rules for processing of demat request, KYC application
4 years, 11 months ago

SEBI eases compliance rules for processing of demat request, KYC application

Firstpost  

Markets regulator SEBI on Thursday relaxed compliance norms for depository participants, stock brokers and share transfer agents with regard to the processing of demat request and KYC application amid the coronavirus pandemic New Delhi: Markets regulator SEBI on Thursday relaxed compliance norms for depository participants, stock brokers and share transfer agents with regard to the processing of demat request and …

SEBI extends deadline for comments on proposed relaxation in QIP
4 years, 11 months ago

SEBI extends deadline for comments on proposed relaxation in QIP

India TV News  

In the wake of coronavirus pandemic, Sebi has extended the deadline for public comments on proposed relaxation in norms with regard to six-month-gap between two QIPs, and delisting of a firm in case of its merger with listed holding firm till April 30. In addition, the deadline has been extended for submission of comments till this month-end on proposed e-voting …

Sebi asks brokers, fund houses, others to ensure compliance with prevention of unlawful acts
5 years, 1 month ago

Sebi asks brokers, fund houses, others to ensure compliance with prevention of unlawful acts

India TV News  

Capital markets regulator Sebi on Tuesday asked stock brokers, mutual fund houses and other market intermediaries to ensure strict compliance with the prevention of unlawful activities law. In a statement, Sebi advised market intermediaries to ensure compliance with instructions pertaining to UAPA or The Unlawful Activities Act. In addition, the regulator has asked market entities to ensure that accounts are …

Sebi comes out with framework for issuance of depository receipts
5 years, 5 months ago

Sebi comes out with framework for issuance of depository receipts

Live Mint  

Markets regulator Sebi on Thursday came out with a detailed framework for issuance of depository receipts, a move that will provide Indian companies increased access to foreign funds. A company proposing to make a public offer and list on a stock exchange, and also simultaneously plans to issue permissible securities or transfer such securities of existing holders, for the purpose …

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