| |
SEBI issues clarification of "shareholder having trading rights" (22 Apr 2008)
The interpretation of the term “shareholder having trading rights” under Securities Contracts (Regulation) (Manner of Increasing and Maintaining Public Shareholding in Recognised Stock Exchanges) Regulations, 2006, was clarified in order to ensure that at least fifty-one percent of equity share capital of recognised stock exchange is held by the public.
|
Market investigation into BAA airports: UK Competition Commission cals for more evidence (22 Apr 2008)
BAA’s common ownership of seven airports in the UK may not be serving well the interests of either airlines or passengers, the Competition Commission (CC) has suggested in its interim report on its investigation into the market for the supply of airport services by BAA in the UK.
|
OFT and CC launch joint review of merger guidelines (21 Apr 2008)
The Competition Commission (CC) and the Office of Fair Trading (OFT) are to work together on a joint review of their respective guidelines for substantive merger analysis and assessment.
|
SEBI allows mutual funds to go for net settlement of government securities transactions (16 Apr 2008)
To further develop the debt market, SEBI has now decided to allow mutual funds to sell government securities contracted for purchase in DVP III mode for government securities market in accordance with the guidelines issued by Reserve Bank of India in this regard.
|
Khaitan walks tall in M&A (15 Apr 2008)
Khaitan and Co. was ranked as Asia''''s fourth biggest legal advisor for M&A deals in 2007. The firm played an active role in 17 announced M&A deals worth about 17.82 billion US$, including 13 completed deals worth 17.41 billion US$.
|
Prem Chand Gupta makes ritual statement on constitution of CCI (15 Apr 2008)
Every session of Parliament for the last two years has required Prem Chand Gupta to provide answers regarding the much awaited Competition Commission. A similar statement was made today in the Rajya Sabha regarding its composition, and true to form, nothing new has been revealed.
|
Auction for sale (re-issue) of 6.57 per cent Government stock under Market Stabilization (11 Apr 2008)
Government of India have announced the sale (re-issue) of "6.57 percent Government Stock, 2011" under Market Stabilization Scheme for a notified amount of Rs. 3,000 crore (nominal). The Government Stock will be sold through price based auction using multiple price method.
|
Changes to Clause 49 of the Listing Agreement (10 Apr 2008)
SEBI had received requests/suggestions to bring about clarifications on certain provisions of the clause.
|
Corporate Manslaughter and Corporate Homicide Act comes into force in UK (04 Apr 2008)
Under the new law companies, organisations and, for the first time, government bodies face a criminal offence and larger fines if they are found to have caused death due to their gross corporate health and safety failures.
|
Sebi restores administration of Bhubaneshwar stock exchange (03 Apr 2008)
The Securities and Exchanges Board of India has restored the administration of the Bhubaneshwar Stock Exchange to the newly reconsituted Board.
|