ICSI - Compliance Certificate by Practicing Company Secretary (PCS) for listing of Small & Medium Enterprises (SMEs)

In recognition of the role of SMEs in economic development of the country, Securities and Exchange Board of India (SEBI) and the Stock Exchanges have laid down a conducive regulatory framework for raising resources by SMEs from the market, keeping in view the interests of investors. According to the framework, a SME meeting with the norms of listing on SME Platform of a Stock Exchange can raise resources from the market.

Recognition to Members of ICSI under SEBI (Investment Advisers) Regulations, 2013

SEBI has issued SEBI (Investment Advisers)Regulations, 2013 on January 21,2013, requiring yearly audit of Compliance by Members of ICSI.

Regulation 19 (3) reads as under :

“An investment adviser shall conduct yearly audit in respect of compliance with these regulations from a member of Institute of Chartered Accountants of India or Institute of Company Secretaries of India.”

Attach: Text of SEBI (Investment Advisers) Regulations, 2013

Supreme Court asks Sahara to pay up; refuses urgent hearing

A bench, headed by CJI Altamas Kabir, on Tuesday told the Sahara group that it would have to pay Rs 10,000 crore, the next tranche of money due to investors, as directed by the top court in its December 5, 2012, order. 

"You have to pay," Justice Kabir said, when senior counsel Ram Jethmalani sought urgent hearing of an application seeking to have the deadline extended for submitting to SEBI papers relating to over three crore investors. 

Sebi hikes deposit for brokers

Market regulator Sebi on Wednesday increased the minimum deposit that a stock broker should maintain to trade on the bourses up to Rs 50 lakh from Rs 10 lakh earlier. The hike was mainly aimed at putting in a safeguard for all those brokers who offer high frequency algorithmic trading — the buy-sell transactions that are initiated by computers rather than through human intervention.