Explain what is Informal Guidance under SEBI (Informal Guidance) Scheme, 2013 and who can seek guidance from SEBI ?
CS Executive · Securities Laws and Capital Markets · PYQS · June 2019
Explain what is Informal Guidance under SEBI (Informal Guidance) Scheme, 2013 and who can seek guidance from SEBI ?
Answer & Explanation:
In the interests of better regulation of and orderly development of the securities market, SEBI has issued SEBI (Informal Guidance) Scheme 2003. The following persons may make a request for informal Guidance under the scheme: any intermediary registered with the SEBI. any listed company. any company which intends to get any of its securities listed and which has filed either a listing application with any stock exchange or a draft offer document with the SEBI or the Central Listing authority. any mutual fund trustee company or asset management company. any acquirer or prospective acquirer under the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 1997. (Now SEBI Takeover Regulations, 2011) The Guidance Scheme, further deals with various aspects such as the nature of request, fees to be accompanied along with request letter, disposal of requests, SEBI's discretion not to respond certain types of requests and confidentiality of requests, etc.
Topics: SEBI (Informal Guidance) Scheme, 2013
Related Questions in this Topic
- "The Stock Exchanges have a vital role to play in development of a country in general, and industrial growth of companie...
- Every intermediary of securities market has to apply to SEBI for grant of certificate to act as intermediary. Describe v...
- Ram purchased a 3 month call option for 100 shares in XYZ Ltd. at a premium of ₹ 30 per share, with an exercise price of...
- Write short notes on the followings: Post trade surveillance.
- Write short notes on the followings: Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs)