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Tuesday, December 2, 2008

Dec 2, 2008 - Sensex closes 101 pts down

Equities witnessed a volatile session Tuesday. After wallowing in the red for major part of the session, the indices pulled back sharply to end off lows.

Market opened with a gap-down tracking other Asian peers after the US economy was officially said to be in recession. The worst hit were the interest rate-sensitive sectors, as traders eyed some financial stimulus from the government like easing in ECB norms and lowering of interest rates.

Automobile stocks were down as economic slowdown hit sales badly while shares of oil exploration companies fell as crude oil price eased to $47.85 per barrel, the lowest since May 2005 and almost $100 off the record peak of $147.27 reached in July.

Visitor's who read this post also read:
-Speak out about Mumbai terror attacks - now
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-BSE,DJIA, NSE, NASDAQ Closing rates
-Best of Christmas celebrations ideas for season
-Fortune 500 Companies List

National Stock Exchange’s Nifty closed at 2657.80, down 0.94 per cent or 25.10 points. The 50-share index hit an intra-day high of 2672.90 and low of 2570.70.

BSE Midcap Index declined 1.41 per cent and BSE Smallcap Index fell 1.25 per cent.

Amongst the sectoral indices, BSE Realty Index was up 2.69 per cent, BSE FMCG Index closed 1.14 per cent and BSE Power Index ended 0.50 per cent up.

Among the worst hit sectors were BSE Auto Index down 3.44 per cent, BSE Consumer Durables Index falling 2.59 per cent and BSE Oil&gas Index shedding 2.24 per cent.

Gains in Reliance Infrastructure (5.37%), Bharti Airtel (3.05%), Jaiprakash Associates (2.76%), NTPC (2.46%), ITC (2.45%) and DLF (1.96%) helped indices close off lows.

Visitor's who read this post also read:
-Speak out about Mumbai terror attacks - now
-Why US Economy crashed
-BSE,DJIA, NSE, NASDAQ Closing rates
-Best of Christmas celebrations ideas for season
-Fortune 500 Companies List

Mahindra & Mahindra (-8.21%), Maruti Suzuki (-5.24%), Tata Consultancy Services (-5.21%), Larsen & Toubro (-3.46%), Sterlite Industries (-3.29%) and Reliance Industries (-3.10%) ended with significant losses.

Market breadth on BSE remained weak with 1,297 declines outnumbering 801 advances.

Monday, December 1, 2008

BSE | NSE | DJIA | Nasdaq rates at closing - December

The post provides closing rates details of Dow Jones Industrial Average(DJIA), NASDAQ, BSE (Bombay Stock Exchange), NSE (National Stock Exchange) on per day basis. You can check live DJIA ticker for latest Dow Jones Industrial Average Updates.

Note: The rates shown are according to indian standard calender (calender according to indian time).

For DJIA, S and P Closing rates click here

December 31, 2008 WEDNESDAY Closing rates/price
DOW JONES (DJIA Closing rates) - 8668.39 - Up^184.46
NASDAQ (Closing rates) - 1550.70 - Up^40.38
SENSEX (Closing rates) -9647.31 - Down(-68.85)
NIFTY (Closing rates) - 2959.15 - Down(-20.35)

December 30, 2008 TUESDAY Closing rates/price
DOW JONES (DJIA Closing rates) - 8483.93 - Down(-31.62)
NASDAQ (Closing rates) - 1510.32- Down(-19.92)
SENSEX (Closing rates) -9716.16 - UP^182.64
NIFTY (Closing rates) - 2979.50 - Up^57.30

December 29, 2008 MONDAY Closing rates/price
DOW JONES (DJIA Closing rates) - 8515.55 - Up^47.07
NASDAQ (Closing rates) - 1530.24 - Up^5.34
SENSEX (Closing rates) -9533.52 - Up^204.60
NIFTY (Closing rates) - 2922.20 - Up^64.95

December 24, 2008 WEDNESDAY Closing rates/price
DOW JONES (DJIA Closing rates) - 8419.49 - Down(-100.28)
NASDAQ (Closing rates) - 1521.54 - Down(-10.81)
SENSEX (Closing rates) -9568.72- Down(-118.03)
NIFTY (Closing rates) - 2916.85- Down(-51.80)

December 18, 2008 THURSDAY Closing rates/price
DOW JONES (DJIA Closing rates) - 8824.34 - Down(-99.80)
NASDAQ (Closing rates) - 1579.31- Down(-10.58)
SENSEX (Closing rates) -10076.43 - UP^361.14
NIFTY (Closing rates) - 3060.75 - Up^106.40

December 17, 2008 WEDNESDAY Closing rates/price
DOW JONES (DJIA Closing rates) - 8924.14 - Up^359.61
NASDAQ (Closing rates) - 1589.89 - Up^81.55
SENSEX (Closing rates) -9715.29 - Down(-261.69)
NIFTY (Closing rates) - 2954.35 - Down(-87.40)

December 16, 2008 TUESDAY Closing rates/price
DOW JONES (DJIA Closing rates) - 8564.53 - Down(-65.15)
NASDAQ (Closing rates) - 1508.35- Down(-32.38)
SENSEX (Closing rates) -9976.98 - UP^144.59
NIFTY (Closing rates) - 3041.75 - Up^60.55

December 15, 2008 MONDAY Closing rates/price
DOW JONES (DJIA Closing rates) - 8629.68 - Up^64.59
NASDAQ (Closing rates) - 1540.72 - Up^32.84
SENSEX (Closing rates) -9832.39 - Up^142.32
NIFTY (Closing rates) - 2981.20 - Up^0.19

December 13,14-2008 markets closed (Saturday and Sunday resp)

December 12, 2008 FRIDAY Closing rates/price
DOW JONES (DJIA Closing rates) - 8565.09 - Down(-196.33)
NASDAQ (Closing rates) - 1507.88 - Down(-57.60)
SENSEX (Closing rates) -9690.07 - UP^44.61
NIFTY (Closing rates) - 2921.35 - Up^1.20

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December 10, 2008 WEDNESDAY Closing rates/price
DOW JONES (DJIA Closing rates) - 8691.33 - Down(-242.85)
NASDAQ (Closing rates) - 1547.34 - Down(-24.40)
SENSEX (Closing rates) -9654.90 - UP^492.28
NIFTY (Closing rates) - 2928.25 - Up^144.25

December 9,2008 TUESDAY Markets closed on eve of Bakra Eid

December 8, 2008 MONDAY Closing rates/price
DOW JONES (DJIA Closing rates) - 8635.42 - Up^259.18
NASDAQ (Closing rates) - 1509.31 - Up^63.75
SENSEX (Closing rates) -9162.62 - Up^197.42
NIFTY (Closing rates) - 2784.00 - Up^69.60

December 5, 2008 FRIDAY Closing rates/price
DOW JONES (DJIA Closing rates) - 8635.42 - Up^259.18
NASDAQ (Closing rates) - 1509.31 - Up^63.75
SENSEX (Closing rates) -8965.20 - Down(-264.55)
NIFTY (Closing rates) - 2714.40 - Down(-73.60)

December 4, 2008 THURSDAY Closing rates/price
DOW JONES (DJIA Closing rates) - 8591.69 - Up^172.60
NASDAQ (Closing rates) - 1492.38 - Up^42.58
SENSEX (Closing rates) -9222.65 - Up^475.22
NIFTY (Closing rates) - 2788.00 - Up^131.55

December 3, 2008 WEDNESDAY Closing rates/price
DOW JONES (DJIA Closing rates) - 8419.09 - Up^270.00
NASDAQ (Closing rates) - 1449.80 - Up^51.73
SENSEX (Closing rates) -8747.43 - Up^8.19
NIFTY (Closing rates) - 2656.45 - Down(-1.35)

December 2, 2008 TUESDAY Closing rates/price
DOW JONES (DJIA Closing rates) - 8149.09 - Down(-679.95)
NASDAQ (Closing rates) - 1398.07 - Down(-137.50)
SENSEX (Closing rates) -8739.24 - Down(-100.63)
NIFTY (Closing rates) - 2657.80 - Down(-25.10)

December 1, 2008 MONDAY Closing rates/price
DOW JONES (DJIA Closing rates) - 8829.04 - Up^102.43
NASDAQ (Closing rates) - 1535.57 - Up^3.47
SENSEX (Closing rates) -8839.87 - Down(-252.85)
NIFTY (Closing rates) - 2682.90 - Down(-72.20)

Also see previous 6 months closing rates for analyzing market:
BSE NSE DJIA November closing rates
DJIA, BSE, NSE, S and P October closing rates
DJIA, BSE, NSE, NASDAQ-September 2008 closing rates
DJIA, BSE, NSE, NASDAQ-August Closing rates
DJIA, BSE, NSE, NASDAQ-July Closing rates
DJIA, BSE, NSE, NASDAQ-June Closing rates
DJIA, BSE, NSE, NASDAQ-May Closing rates
DJIA, BSE, NSE, NASDAQ-April Closing rates
DJIA, BSE, NSE, NASDAQ-February Closing rates

Tuesday, November 25, 2008

BSE's Certificate on Currency Futures

Bombay Stock Exchange or BSE's certificate on Currency Futures(BCCF)

note : all the links here after opens in new window

EXAMINATION PLAN & CERTIFICATION

Securities and Exchange Board of India (SEBI) has introduced trading in currency futures. The Exchange has introduced certification examination on Currency Futures.

BSE Training Institute conducts a test of 100 marks consisting of 60 questions. The questions are objective type having multiple choices, with a provision of negative marks for wrong answers.

BCCF is awarded to only those candidates who obtain a minimum of 60% marks.

There is no minimum eligibility criterion for taking the test.

Register Online | Test Centers details | Programme Schedule

Persons interested in taking the test in Mumbai may approach the BTI with 4 passport size colour photographs and a DD of Rs. 674.00 drawn in favour of "Bombay Stock Exchange, Limited" payable at Mumbai.

BSE | NSE closing rates november 2008

Persons interested in taking the test at any of the following centres other than Mumbai may approach the respective centres with 4 passport size colour photographs and a DD ofRs. 674.00 drawn in favour of "Bombay Stock Exchange, Ltd." and payable at the respective centre.

OBJECTIVES OF THE TEST

To educate about the functioning of currency futures markets, the features of various products, the classification of products, the regulatory framework and the margining mechanism.

TEST SYLLABUS
Introduction to futures

Characteristics of derivatives, Underlying assets (Equity Bonds/loans, Foreign Currency, and Commodity) Need for derivatives, Types of derivatives and comparison between them, Forwards/ Futures/ Options, Participants in derivatives market (Hedgers, Speculators, Arbitrageurs), product design.



Principles of trading and hedging with Currency Futures
Terminology - Spot, future price, contract specifications, contract cycle, expiry date, settlement date, basis, mark to market, Contract specification for currency futures, Tick size, Types of orders, Trading strategies, Hedging Strategies, Initial, Maintenance Margins, Executing and Clearing, Execution, Matching confirmation, Clearing Mechanism, Settlement, Settlement price, Settlement cycle, Cash Vs. Physical delivery, "Open interest" and "Trading volumes".


Risk management systems and procedures

Types of risks (Counter-party or credit risks, Market or price risks, Liquidity risks, Legal and regulatory risks, Operating risks), Risk identification and measurement, Methods of risk control (Position limits, VAR, Margins, Operating Procedures and systems etc.), Separation of trading, settlement, accounting and risk control functions, Internal control structure and Management Information System, Regulatory and external reporting. Clearing corporation.

Regulatory aspects, Accounting and taxation

SCRA/Regulatory changes made and required, SEBI Act, LC. Gupta Committee report, Bye laws and special regulatory requirements of the derivatives market, Rights and obligations in broker-client relationships, Accounting of derivatives (Treatment of margins, Valuation and accounting of closing position), Taxation of derivatives. Surveillance measures

Role of RBI

The introduction and role of RBI in regulating the Currency futures market.

TARGET AUDIENCE
Dealers in Currency Futures, Derivatives Dealers, Stock Brokers, High Net Worth Investors, Custodians, Mutual Funds, Portfolio Managers, Insurance Companies, Banks, Financial Institutions and Management Students.

DURATION & TIME

120 minutes

FEES
FOR APPEARING AT MUMBAI CENTER

Rs. 674.00 payable through DD in favour of "Bombay Stock Exchange, Limited" payable at Mumbai per participant per attempt inclusive of test workbook, Service Tax and Education Cess.

FOR APPEARING AT REGIONAL / BSE INVESTOR SERVICE CENTERS AT NEW DELHI, AHMEDABAD, RAJKOT, KOLKATTA, CHENNAI AND COCHIN.

Rs. 674.00 payable through DD in favour of "Bombay Stock Exchange, Limited" payable at the respective center as stated above per participant per attempt inclusive of test workbook, Service Tax and Education Cess.

Examination Registration Form | Test Scedule download

EXAMINATION COORDINATOR

Meera Kittur
E-mail: meera.kittur@bseindia.com
Phone: 22721233 / 34 extn. 8199 / 8856.

Certification Examination (outside Mumbai) for 75 or more candidates:

For conducting Certification Examination for 75 or more candidates, contact:
Piyush Shelat
E-mail: piyush.shelat@bseindia.com
Phone: 22721233 / 34 extn. 8197, 8199.

For further details, contact:
E-mail: training@bseindia.com
Phone: 22721126 / 27, 22721233 / 34 Ext.: 8199 / 8856 / 8197 / 8464

Wednesday, November 19, 2008

ASBA - Investment friendly way of investing in IPO's

Bombay Stock Exchange Ltd. (BSE) has developed an interface for the banks to participate in the ASBA (Application Supported by Blocked Amounts) process. This new initiative is in the area of IPO payments as proposed by the capital markets regulator, Securities and Exchange Board of India (SEBI).

The objective of introducing ASBA is to ensure that the investor's funds leave his bank account only upon allocation of shares in public issues. The ASBA process also ensures that only the requisite amount of funds are debited to the investor's bank account on allotment of shares. In this mechanism, the need for refunds is completely obviated.

Using this interface the banks, participating in the IPO process would be able to upload the bids with respect to their customers, into the electronic book of BSE. The interface facilitates not only the controlling branch but also the designated branches of the banks to directly upload the bids into the electronic book at BSE. The ASBA application has been successfully tested with eleven banks.

The list of SCSBs are as below. For details of designated branches click on respective banks below:

Axis Bank
Bank of Baroda
Corporation Bank
HDFC Bank
ICICI Bank Ltd
IDBI Bank Limited
Kotak Mahindra Bank
State Bank of Bikaner & Jaipur
State Bank of India
Union Bank of India
Yes Bank Limited

Sunday, November 16, 2008

BSE Sensex Companies list - latest

BSE sensex consists of 30 of the india's biggest companies covering almost every industry type ranging from Cement industry, Information technology, Telecom sector companies, Infrastructure companies etc so we can say that BSE Sensex is indian DJIA or is same to india as DJIA is to US. Sensex was constituted to imitate DJIA of US. Daily Sensex rates of closing are very important for the analysts who deal with Indian Shares markets including BSE and NSE.

My other posts related to indian Stock Markets are :

Registered Stock Exchanges of whole India (includes regional Stock Exchanges also)
Companies listed on BSE(Comprehensive list)
Companies listed in all BSE categories

However Sensex index is the most important Indian Index when compared to all the other Indian Stocks as sensex consists of largest indian congloremates and business groups.

Following is the list of companies listed on BSE SENSEX there are total 30 companies in all which are listed on BSE.

S.no | Company Name | TYPE/SECTOR | ADJ Factor | Company Code |

1 | ACC | Housing related | 0.60 | 500410 |

2 | BHEL | Capital Goods | 0.35 | 500103 |

3 | Bharti Airtel | Telecom | 0.35 | 532454 |

4 | DLF Universal Limited | Housing related | 0.15 |532868 |

5 | Grasim Industries | Diversified | 0.75 | 500300 |

6 | HDFC | Finance | 0.85 | 500010 |

7 | HDFC Bank | Finance | 0.85 | 500180 |

8 | Hindalco Industries | Metal, Metal Products & Mining | 0.70 | 500440 |

9 | Hindustan Uni Lever | FMCG | 0.50 | 500696 |

10 | ICICI Bank | Finance | 1.00 | 532174 |

11 | Infosys | Information Technology | 0.85 | 500209 |

12 | ITC Limited | FMCG | 0.70 | 500875 |

13 | Jaiprakash Associates | Housing related | 0.60 | 532532 |

14 | Larsen & Toubro | Capital Goods | 0.90 | 500510 |

15 | Mahindra and Mahindra | Transport Equipments | 0.80 | 500520 |

16 | Maruti Udyog | Transport Equipments | 0.50 | 532500 |

17 | NTPC | Power | 0.15 | 532555 |

18 | ONGC | Oil and Gas | 0.20 | 500312 |

19 | Ranbaxy Laboratories | Healthcare | 0.70 | 500359 |

20 | Reliance Communications | Telecom | 0.35 | 532712 |

21 | Reliance Industries | Oil & Gas | 0.50 | 500325 |

22 | Reliance Infrastructure | Power | 0.65 | 500390 |

23 | Satyam Computer Services | Information Technology |0.95 | 500376 |

24 | State Bank of India | Finance | 0.45 | 500112 |

25 | Sterlite Industries | Metal, Metal Products & Mining | 0.40 | 500900 |

26 | TCS | Information Technology | 0.25 | 532540 |

27 | Tata Power | Power | 0.70 | 500400 |

28 | Tata Steel | Metal, Metal Products & Mining | 0.70 | 500470 |

29 | Tata Motors | Transport Equipments | 0.60 | 500570 |

30 | Wipro | Information Technology | 0.20 | 507685 |


Biggset Sensex falls in a single day :

The top ten single-day falls of the Sensex have occurred on the following dates :

  1. January 21, 2008 --- 1,408.35 points
  2. Oct 24, 2008---1070.63 points
  3. March 17, 2008 --- 951.03 points
  4. January 22, 2008 --- 857 points
  5. February 11, 2008 --- 833.98 points
  6. May 18, 2006 --- 826 points
  7. October 10,2008 --- 800.10 points
  8. March 13, 2008 --- 770.63 points
  9. December 17, 2007 --- 769.48 points
  10. March 31, 2007 --- 726.85 points
  11. October 06, 2008 --- 724.62 points
  12. October 17, 2007 --- 717.43 points
  13. September 15, 2008 --- 710.00 points
  14. January 18, 2007 --- 687.82 points
  15. November 21, 2007 --- 678.18 points
  16. August 16, 2007 --- 642.70 points
  17. June 27, 2008 --- 600.00 points

Tuesday, November 11, 2008

Investment in the equity shares of (BSEL) Bombay Stock Exchange Limited

Attensions to the investors: read for investing in shares of BSEL (Bombay Stock Exchange Limited)
1.1
Attention of the investors is invited to the Securities Contracts (Regulation) (Manner of Increasing and Maintaining Public Shareholding in Recognised Stock Exchanges) Regulations, 2006, (hereinafter 'the Regulations'), notified by Securities and Exchange Board of India (SEBI) on 13th November,2006.

1.2 Chapter III of the Regulations inter-alia stipulates the shareholding restrictions and eligibility criteria for holding equity shares in the recognized Stock Exchange as under:

1.2.1 Shareholding and transferability restrictions
Regulation 8 (1) of the Regulations provides that no person shall, directly or indirectly, acquire or hold more than five per cent in the paid up equity capital of a recognised stock exchange at any time after commencement of these regulations.

1.2.2 Eligibility criteria for persons acquiring or holding more than one per cent equity shares in a recognised stock exchange

Regulation 9. (1) of the Regulations provides that no person shall, either individually or together with persons acting in concert with him, acquire and/or hold more than one per cent of the paid up equity capital of a recognised stock exchange after commencement of these regulations, unless he is a fit and proper person and has taken prior approval of the SEBI for doing so.

Further, regulation 9(2) provides that for the purpose of sub-regulation (1), a person shall be deemed to be a fit and proper person if -

  1. such person has a general reputation and record of fairness and integrity, including but not limited to -
    1. financial integrity;
    2. good reputation and character; and
    3. honesty.
  2. such person has not incurred any of the following disqualifications -
    1. the person or any of its whole time directors or managing partners has been convicted by a Court for any offence involving moral turpitude or any economic offence, or any offence against the securities laws;

    2. an order for winding up has been passed against the person;
    3. the person or any of its whole time directors or managing partners has been declared insolvent and has not been discharged;

    4. an order, restraining, prohibiting or debarring the person, or any of its whole time directors or managing partners from dealing in securities in the capital market or from accessing the capital market has been passed by the Board or any other regulatory authority and a period of three years from the date of the expiry of the period specified in the order has not elapsed;

    5. any other order against the person or any of its whole time directors or managing partners which has a bearing on the capital market, has been passed by the Board or any other regulatory authority and a period of three years from the date of the order has not elapsed;

    6. the person has been found to be of unsound mind by a Court of competent jurisdiction and the finding is in force; and
    7. the person is financially not sound.

In terms of regulation 9(3) If any question arises as to whether a person is a fit and proper person, the SEBI's decision on such question shall be final.

2.1 Under the BSE (Corporatisation and Demutualisation) Scheme, 2005 the Exchange has to ensure that "Public" other than shareholders having trading rights continuously hold at least 51% of equity shares of the Exchange.

2.2 In terms of regulation 2 (h) of the Regulations "public" includes any member or section of the public but does not include any share holder of the recognised stock exchange having trading rights therein or any associate of such shareholder;

2.3 According to the clarification received from SEBI vide MRD/DSA/SE/Cir-09/08 dated April 17, 2008 the term "shareholder having trading rights' mentioned in the Regulations would mean a shareholder who has a trading interest in the stock exchange, whether directly or indirectly through a person having trading rights.

Explanation: a shareholder having trading interest 'indirectly' in relation to a person having trading rights would be understood in the same manner as the term 'associate' is in relation to a shareholder having trading rights under regulation 2(1)(b) of the Regulations.

2.4 Attention of the Investors is also invited to the term "Associate" in relation to a shareholder having trading rights in a recognised stock exchange as defined in the Regulations.

In terms of regulation 2 (1) (b) of the Regulations "associate" in relation to a shareholder having trading rights in a recognised stock exchange means a person -

  1. who directly or indirectly, by himself or in combination with other persons, exercises control over such shareholder or holds substantial shares entitling not less than fifteen per cent of the voting rights in such shareholder being a body corporate; or

  2. over whom such shareholder, directly or indirectly, by itself or in combination with other persons, exercises control; or

  3. whose director or partner is also a director or a partner of such shareholder , being a body corporate or a partnership firm, as the case may be; or

  4. who is a holding company or subsidiary company of such shareholder or acompany under the same management as such shareholder; or

  5. who is a relative of the shareholder being a natural person under Schedule IA of the Companies Act, 1956 (1 of 1956); or
  6. who is a sub-broker of the shareholder in that stock exchange; or
  7. who acts in accordance with instructions of such shareholder in the exercise of voting rights and other rights in the recognised stock exchange, directly or indirectly.

3 Attention of the Investors is further invited to the term "Persons Acting in Concert" [for the purpose of regulation 9(1) of the Regulations] as defined under Securities & Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 (SAST Regulations)

In terms of regulation 2 (e) of the SAST Regulations "person acting in concert" comprises,-

  1. persons who, for a common objective or purpose of substantial acquisition of shares or voting rights or gaining control over the target company, pursuant to an agreement or understanding (formal or informal), directly or indirectly co-operate by acquiring or agreeing to acquire shares or voting rights in the target company or control over the target company,

  2. without prejudice to the generality of this definition, the following persons will be deemed to be persons acting in concert with other persons in the same category, unless the contrary is established :

    1. a company, its holding company, or subsidiary or such company or company under the same management either individually or together with each other;
    2. a company with any of its directors, or any person entrusted with the management of the funds of the company;
    3. directors of companies referred to in sub-clause (i) of clause (2) and their associates;
    4. mutual fund with sponsor or trustee or asset management company;
    5. foreign institutional investors with sub-account(s);
    6. merchant bankers with their client(s) as acquirer;
    7. portfolio managers with their client(s) as acquirer;
    8. venture capital funds with sponsors;
    9. banks with financial advisers, stock brokers of the acquirer, or any company which is a holding company, subsidiary or relative of the acquirer :

      Provided that sub-clause (ix) shall not apply to a bank whose sole relationship with the acquirer or with any company, which is a holding company or a subsidiary of the acquirer or with a relative of the acquirer, is by way of providing normal commercial banking services or such activities in connection with the offer such as confirming availability of funds, handling acceptances and other registration work;

    10. any investment company with any person who has an interest as director, fund manager, trustee, or as a shareholder having not less than 2 per cent of the paid-up capital of that company or with any other investment company in which such person or his associate holds not less than 2 per cent of the paid-up capital of the latter company.

Note: For the purposes of this clause "associate" means,-

1. any relative of that person within the meaning of section 6 of the Companies Act, 1956 (1 of 1956); and

2. family trusts and Hindu undivided families.

4.1 In view of the aforesaid provisions, any person desirous of acquiring the shares of Bombay Stock Exchange Limited (BSE) should adhere to the following conditions:

  1. That under the Regulations, there are restrictions on holding (either directly or indirectly) more than 5% of the paid up capital of the BSE;

  2. That under the Regulations there are restrictions on holding (either individually or together with persons acting in concert with him) more than 1% in the paid up equity capital of BSE without complying with "fit and proper" criteria.

4.2

In order to comply with the aforesaid provisions as stipulated by SEBI, investor(s) before acquiring equity share(s) of BSE, are hereby advised to disclose/declare in the prescribed format given hereunder to the Exchange, which inter alia include among other things:

  1. Whether such investor(s) is falling under the category of "Public" / "Trading Member of BSE" / "Associate of shareholder having trading rights in BSE";

  2. details of the persons with whom he is associated [in terms of regulation 2(1)(b) of the Regulations]; and

  3. details of the persons acting in concert [for the purpose of regulation 9(1) of the Regulations] with such investor(s) as defined under SAST Regulations.



To download DISCLOSURE AND DECLARATION FORM and shareholding pattern - Click here

 

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