CAIRR Update January 23, 2020

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CAIRR Update January 23, 2020

January 23, 2020

Summary of circulars issued by SEBI and IBBI on 22/01/2020

1. SEBI notifies revised penalty rates and Standard Operating Procedure (SOP) for suspension and revocation of trading of specified securities for non-compliance by listed entities under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015


Pursuant to the amendments to Listing Regulations and to further streamline the Standard Operating Procedure for dealing with non-compliances, SEBI has notified revised Penalty amounts for non-compliance with specified provisions of LODR. The circular has also laid down the SOP for the stock exchanges to adhere to in moving a scrip of non-compliant listed entity to Z category/suspension of trading/ revocation of suspension and also the criteria and time-frame for each such action.

(Read more…)

2. Revised Guidelines for Technical Standards for the Performance of core services and other services under the Insolvency and Bankruptcy Board of India (Information Utilities) Regulations, 2017


IBBI has notified revised guidelines under Regulation 13(1) for technical standards to be adhered to in performing core services by the Information Utility service provider. The details of amendments made to the aforesaid regulation are integrated in our free-to-use website for your ready reference.

                                                                                                                                                                               (Read more…)

By | 2020-01-23T18:31:18+00:00 January 23rd, 2020||0 Comments

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