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SEBI (Issue and Listing of Debt Securities) (Amendment) Regulations 2018

Securities and Exchange Board of India Notification dated the 9th October, 2018 :-

No. SEBI/LAD-NRO/GN/2018/42.- In exercise of the powers under section 30 of the Securities and Exchange Board of India Act, 1992 (15 of 1992), the Board hereby makes the following Regulations to further amend the Securities and Exchange Board of India (Issue and Listing of Debt Securities) Regulations, 2008, namely:-

1. These Regulations may be called the Securities and Exchange Board of India (Issue and Listing of Debt Securities) (Amendment) Regulations, 2018.

SEBI (Issue & Listing of Securitised Debt Inst. & Security Receipts) (2nd Amend.) Reg. 2018

Securities and Exchange Board of India Notification dated 9th October, 2018 and published in the Official Gazette on 9th October, 2018:

No. SEBI/LAD-NRO/GN/2018/43 .— In exercise of the powers conferred by section 31 read with section 17A of the Securities Contracts (Regulation) Act, 1956 (42 of 1956) and section 30 read with sections 11 and 12 of the Securities and Exchange Board of India Act, 1992 (15 of 1992), the Board hereby makes the following Regulations to further amend the Securities and Exchange Board of India (Issue and Listing of Securitised Debt Instruments and Security Receipts) Regulations, 2008, namely:-

1. These Regulations may be called the Securities and Exchange Board of India (Issue and Listing of Securitised Debt Instruments and Security Receipts) (Second Amendment) Regulations, 2018.

SEBI (Issue & Listing of Non-Conv. Redeemable Pref. Shares) (Amd.) Reg. 2018

Securities and Exchange Board of India Notification dated the 09th October, 2018 and published in the Official Gazette on 9th October, 2018:

No. SEBI/LAD-NRO/GN/2018/44 .— In exercise of the powers conferred by sub-section (1) of section 30 of the Securities and Exchange Board of India Act, 1992 (15 of 1992), the Board hereby makes the following Regulations to further amend the Securities and Exchange Board of India (Issue and Listing of Non-Convertible Redeemable Preference Shares) Regulations, 2013, namely:-

1. These Regulations may be called the Securities and Exchange Board of India (Issue and Listing of Non-Convertible Redeemable Preference Shares) (Amendment) Regulations, 2018.

CBIC clarifies on reports of pending GST refunds published in media

Oct 12, 2018: CBIC has informed that - it has been noticed that unverified reports of pending GST refunds on account of exports are published in the print media by trade bodies. These figures being put out in the public domain are exaggerated and thus inaccurate. It is a fact that a large number of exporters have been granted refunds so far while a few claims are still pending owing to deficiencies found in the claims.

In this regard, it is clarified that about 92.68% (Rs 38,824 crore) of the total IGST refund claims (Rs. 41,889 crore) transmitted to Customs from GSTN as on date have already been disposed. The remaining claims amounting to Rs. 3065 crores are held up on account of various deficiencies which have been communicated to exporters for remedial action.

Eligible Foreign Entities (EFEs) participation in commodity derivatives market

SEBI Circular No. SEBI/HO/CDMRD/DMP/CIR/P/2018/134 dated 9th October 2018, reads as follows:

1. Currently, foreign entities are not permitted to directly participate in the Indian commodity derivatives market, even if they import/export various commodities from/to India. Such entities by virtue of their actual exposure to the various commodities in Indian market, are valuable stakeholders in the value chain of such commodities, and are also exposed to price uncertainty of Indian commodity markets. Therefore these foreign entities should be enabled to hedge their price risk in the Indian commodity derivatives market.

SEBI (Appt. of Administrator & Procedure for Refunding to Investors) Reg. 2018

Securities and Exchange Board of India (SEBI) Notification No. SEBI/LAD-NRO/GN/2018/39 dated 3rd October 2018, has made and notified the Securities and Exchange Board of India (Appointment of Administrator and Procedure for Refunding to the Investors) Regulations, 2018, in exercise of the powers conferred by section 30 read with sub-section (1) of section 11 and section 28A of the Securities and Exchange Board of India Act, 1992 (15 of 1992), section 23JB of the Securities Contracts (Regulations) Act, 1956 and section 19-IB of the Depositories Act, 1996. They shall come into force on the date of their notification in the Official Gazette.

Securities Contracts (Reg.) (Stock Exchanges & Clearing Corp.) Reg. 2018

Securities and Exchange Board of India (SEBI), vide Notification No. SEBI/LAD-NRO/GN/2018/41 dated 3rd October 2018, has made and notified the Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations 2018, in exercise of the powers conferred by sections 4, 8A and 31 of the Securities Contracts (Regulation) Act 1956, read with sections 11 and 30 of the Securities and Exchange Board of India Act, 1992.
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