Securities and Exchange Board of India (SEBI) has released the notification for the recruitment of Officer Grade A (Assistant Manager) in General, Legal, Information Technology, Engineering, Research and Official Language Stream. Eligible candidates can apply before 23-03-2020 (Extended Date:- 31-07-2020).

Stream Vacancies Educational Qualification
SEBI Vacancy Details
General 80 Master Degree in any discipline, Bachelors Degree in Law, Bachelors’ Degree in Engineering from a recognized university, CA/ CFA/ CS/ Cost Accountant.
Legal 6 (Backlog)
28
Bachelor’s Degree in Law from a recognized University/ Institute.
Information Technology 05 (Backlog)
17
Bachelor’s Degree in Engineering (Electrical/ Electronics/ Electronics And Communication/ Information Technology/ Computer Science) OR Masters in Computers Application OR Bachelor’s Degree in any discipline with a postgraduate qualification (minimum 2 years duration) in Computers/ Information Technology
Engineering (Civil) 01 (Backlog) Bachelor’s Degree in Civil Engineering from a recognized University/ Institute.
Engineering (Electrical) 01 (Backlog)
03
Bachelor’s Degree in Electrical Engineering from a recognized University/ Institute.
Research 01 (Backlog)
04
Master’s Degree in Statistics/ Economics/ Commerce/ Business Administration (Finance)/ Econometrics from a recognized University/ Institute.
Official Language 01 Master’s Degree in Hindi with English as one of the subjects at Bachelor’s Degree level or Master’s Degree in Sanskrit/ English/ Economics/ Commerce with Hindi as a subject at Bachelor’s Degree level from a recognized University/ Institute.


Age Limit:-
 30 years

Pay Scale:- Rs.28150 – 55600 per month

Application Fee
Unreserved/ OBC/ EWSs Rs.1000
SC/ ST/ PwBD Rs.100

The payment can be made by using only Debit Cards (Rupay/ Visa/ Master Card/ Maestro), Credit cards, Internet Banking, IMPS, Cash Cards/ Mobile Wallets.

How to Apply:-

  • Eligible candidates can apply online through Official Link.
  • Candidates can take the printout of the application form for future reference.


Selection Procedure:-
 Phase I (on-line screening examination), Phase II (on-line examination) and Phase III (Interview).

Notes:-

  • Canvassing in any form will disqualify the candidate.
  • Age relaxation will be given as per govt rules.
  • Application fee once paid will not be refunded.


Last date for Online Application Submission:- 
23-03-2020 (Extended Date:- 31-07-2020)
Availability of Call Letters on SEBI:- Will be intimated by email/ SMS
Date of Phase-I On-Line Examination:- 04-07-2020
Date of Phase-II On-Line Examination:- 23-08-2020

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SEBI has decided to provide similar relaxations in the eligibility conditions related to Fast Track Further Public Offer (FPO) as contained in the SEBI “ICDR Regulations. In Regulation 155(c) related to ‘eligibility conditions for fast track route’ is substituted stating that average market capitalisation of public shareholding of the issuer is at least Rupees 500 crores instead of Rs. 1000 crores in case of public issue. Further, Regulation 155(l) has been substituted, namely to capture the impact of audit qualifications, if any and where quantifiable, on the audited accounts of the issuer in respect of those financial years for which such accounts are disclosed, shall be appropriately disclosed and accounts accordingly restated, in the offer documents. All these temporary relaxations shall be valid for all the FPO’s that will be opened on or before March 31, 2021, and shall not applicable for issuance of warrants.

SEBI, vide circular dated 25 February 2020, had specified guidelines with regard to Margin obligations to be given by way of Pledge / Re-pledge in the Depository System. The provisions of this circular were to come into effect from 1 June 2020.

In view of the situation arising due to COVID-19 pandemic, lockdown imposed by the Government, representations received from the Depositories and the Clearing Corporations and that the changes to the systems and software development still under progress, SEBI has decided to extend the implementation date of the aforesaid circular to 1 August 2020. Accordingly, in terms of paragraph 12 of the circular, the trading member (TM) / clearing member (CM) shall be required to close all existing demat accounts tagged as ‘Client Margin / Collateral’ by 31 August 2020.

However, the provision as specified in paragraph 4 of the aforesaid circular regarding holding of Power of Attorney by TM / CM not to be considered as equivalent to the collection of margin by TM / CM in respect of securities held in the demat account of the client, shall be applicable from 1 June 2020.

Further, clarification provided with regard to paragraph 4 of annexure A that confirmation from the client / pledgor through OTP on mobile number / registered e-mail id or other verifiable mechanism, shall be required only once from the client / pledgor at the time of initial creation of pledge in favour of TM / CM and subsequent repledging by TM / CM shall not require any further confirmation from the client / pledgor.

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SEBI vide press release 20 March 2020 had decided to take some measures to ensure orderly trading and settlement, effective risk management, price discovery and maintenance of market integrity which were effective for a period of month w.e.f 23 March 2020 and subsequently extended to 28 May 2020 vide press release 20 April 2020. SEBI has now decided to extended these measures up to 25 June 2020.

https://www.sebi.gov.in/media/press-releases/may-2020/regulatory-measures-introduced-by-sebi-to-continue-in-view-of-ongoing-uncertainty_46702.html

Advisory on disclosure of material impact of COVID-19 pandemic on listed entities under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

 
1. The CoVID 19 pandemic and the consequent lockdown restrictions imposed by national governments has impacted businesses not only in India but all over the world . In view of the same, SEBI has granted several relaxations  to the listed entities in terms of timelines for filing of various reports/ di sclosures under LODR Regulations
 
2. While such a lockdown and disruption is unforeseen and beyond the control of the entities , such events can lead to distortions
in the market due to the gap s in information available about
the operations of a  listed  entity . Hence, it is important for
a listed entity to ensure that all available information about the impact of these events on the company and its operations
is communicated in a timely and cogent manner to its investors and stakeholders  
3. Various provisions under the LODR Regulations already require listed entities to disclose material events which have a bearing on its performance / operations. These provisions are reiterated  below –
Read More 

SEBI vide circular no. SEBI/HO/CFD/CMD1/CIR/P/2020/81 dated 14.05.2020 relaxed listed entities for whom the deadline to comply with MPS (Minimum Public Shareholding) requirements falls between the period from March 1, 2020 to August 31, 2020. Recognized Stock Exchanges are advised not to take any penal action as envisaged in the October 10, 2017 circular against such entities in case of non-compliance during the said period.

Penal actions, if any, initiated by Stock Exchanges from March 1, 2020 till date for non-compliance of MPS requirements by such listed entities may be withdrawn.

This Circular shall come into force with immediate effect. The Stock Exchanges are advised to bring the provisions of this circular to the notice of all listed entities that have issued specified
securities and also disseminate on their websites

Kindly refer to the link for SEBI Circular

https://www.sebi.gov.in/legal/circulars/may-2020/relaxation-from-the-applicability-of-sebi-circular-dated-october-10-2017-on-non-compliance-with-the-minimum-public-shareholding-mps-requirements_46669.html

Sebi eases compliance requirement for rights issues

Markets regulator Sebi on Wednesday gave certain relaxations to companies from compliance with procedural norms pertaining to rights issues opening up to July 31 amid the coronavirus lockdown.

Read more at-

https://www.livemint.com/market/stock-market-news/sebi-eases-compliance-requirement-for-rights-issues-11588769119312.html

Read circular at-

https://www.sebi.gov.in/legal/circulars/may-2020/relaxations-relating-to-procedural-matters-issues-and-listing_46652.html  

    Background
    The Central Government recently notified Sections 230(11) and 230(12) of the Companies Act, 2013 (“Act ”), which deal with takeover offers in unlisted companies
    on 3 rd February, 2020 . Section 230 of the Act provides for arrangements between a company and its creditors or
    members or any class of them, specifying the procedure to be followed to make such a compromise or arrangement. The newly
    – notified Section 230(11) states that in the case of unlisted companies any compromise or arrangement may include a takeover offer made in the prescribed manner, while in case of listed  companies takeover offers must be made as per regulation prescribed by Securities and Exchange Board of India. Section 230(12) permits a party aggrieved by the takeover offer to make an application, bringing its grievance before the National Company Law Tribunal (NCLT). The Ministry of Corporate Affairs has also amended the Companies (Compromises, Arrangements and Amalgamations) Rules, 2016 (CAA Rules) and the NCLT Rules, 2016, corresponding to the above provisions
    Read More :
     

    Sub: Relaxation in compliance with requirements pertaining to Mutual Funds
    1.
    SEBI vide circular no
    SEBI/HO/IMD/DF3/CIR/P/
    2020/ 47 dated March 23, 2020
    had temporarily relaxed certain compliance requirements and
    extend ed the timelines for compliance.
    2. Further, based on the representation s received from AMFI, it has been decided to grant the following relaxations specified in SEBI (Mutual Funds) Regulations, 1996 and circulars issued thereunder:
    a) The effective date of implementation of certain policy initiatives have been extended as under
     

    SEBI/HO/CFD/CMD1/CIR/P/2020/71 April 23, 2020
    To
    All listed entities that have listed their specified securities
    All Recognized Stock Exchanges
    All Depositories
    Madam / Sir,
    Subject: Relaxation in relation to Regulation 44(5) of the SEBI (Listing Obligations and Disclosure
    Requirements) Regulations, 2015 (‘LODR’) on holding of Annual General Meeting (AGM) by top 100 listed entities by market capitalization, due to the COVID –19 pandemic  1. Regulation 44(5) of the LODR requires top 100 listed entities by market capitalization to hold their Annual General Meeting (AGM) within a period of five months from the date of closing of the financial year. SEBI vide Circular dated March 26, 2020 (SEBI/HO/CFD/CMD1/CIR/P/2020/48) had
    relaxed this requirement by one month for listed entities whose financial year ends on March 31, 2020.
    2. Subsequently, the Ministry of Corporate Affairs (MCA) vide Circular No.18/2020 dated April 21, 2020 has clarified that “…if the companies whose financial year (other than the first financial year) has ended on December 31, 2019 hold their AGM for such financial year within a period of nine months from the closure of the financial year (i.e., by September 30, 2020), the same will not be treated as a violation.”
    3. Accordingly, regulation 44(5) of the LODR is relaxed whereby the top 100 listed entities by market capitalization whose financial year ended on December 31, 2019 may hold their AGM within a period of nine months from the closure of the financial year (i.e., by September 30, 2020).
    4. This Circular shall come into force with immediate effect. Stock Exchanges are advised to bring the provisions of this circular to the notice of all listed entities that have issued specified securities and also disseminate on their websites.
    5. The Circular is issued in exercise of the powers conferred under Section 11(1) of the Securities and Exchange Board of India Act, 1992 read with Regulations 101 and 102 of the LODR and the
    relaxations contained herein are subject to the provisions of the Companies Act, 2013 and rules made thereunder.
    6. This Circular is available at www.sebi.gov.in under the link “LegalCirculars”.