Any Company at the time of offering its securities to the Indian Public is bound to comply strictly with the plethora of rules and regulation prescribed by the SEBI as well as various Stock Exchanges. Therefore, once a Company is listed on a Stock Exchange, numerous monthly, quarterly, half-yearly, and annually, documents are to be filed. For non-filing of returns, SEBI has prescribed heavy penalties therefore a Company has to be very prompt and punctual in filing these returns. In this category we provide the following services:
1. Liaison with Securities & Exchange Board of India (SEBI):
For various reasons a Company is required to liaison with SEBI mainly for the investment related matters. We can also represent the Company before the adjudicating office of SEBI regarding many matters, and appear before the SEBI Appellate Tribunal (SAT) against orders.
2. Stock Exchanges & on going compliances of listing agreement
We provide elegant advice to the company on various clauses of listing agreement, and also chalk out Annual Compliance Program (ACP). We extend expert counsel to the listed companies on various provisions of Substantial Acquisition of shares and takeover guidelines, and also the Insider Trading Regulations under the SEBI Act.
3. Liaison with the Share Transfer Agents
Under the SEBI Act, a Company has to appoint a Share Transfer Agent for handling the shareholders related activities. Indian Stock Exchanges now permit issue of shares by a Company only in the electronic format. Still there bulk of shares in all companies, which are yet to be converted into the electronic format. The Registrars & Share Transfer Agent (R & T) is an authorized and registered agency with the SEBI, which is empowered to handle this function for a Company. These R & T agencies work in the interest of the investors and answerable to SEBI if any thing goes wrong with respect thereto.
4. Acting in advisory capacity
Acting in expedient advisory capacity with respect to the functioning of various committees to be constituted by the Board such as Audit Committee, Remuneration Committee, Share Transfer / Investor Grievances Committee etc
Corporate bodies in India have recently started recognizing the importance of Corporate Governance. The Government authorities such as SEBI Stock exchanges have also made it compulsory for the companies to follow rules and regulations relating to the Corporate Governance. There are many requirements relating to the disclosures on various aspects of the Company, formation of the committees etc. The following committees are required to be formed by a listed Company:
Audit Committee
Transfer Committee
Remuneration Committee
Investors Grievance Committee
5. Advising a Listed Company on
De-listing of its shares from one or more Stock Exchanges under rules prescribed by the SEBI
SEBI Substantial Acquisition of Shares and Takeover Regulations 1997 (SAST)
SEBI (Prohibition of Insider Trading) Regulations 1992
Preferential Allotment of shares Regulations
SEBI (Issue of Sweat Equity) Regulations,2002
SEBI Disclosure & Investor Protection Guidelines 2000
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