SEBI Regulations: SEBI Regulations

Sebi guidelines for participants: Sebi guidelines for participants Application for grant of certificate of registration 1.An application for the grant of a certificate of regst in form E. through depository,accompanied by fee of rupees 5000. 2.The depository then forward this app to board within 30 days to certify that participant comply with the eligibility criteria 3.The board can reject an incomplete application,giving reasonable opportunity of being heared .

PowerPoint Presentation: Consideration of app for grant of registration Requirements are as follow: A)The applicant belong to one of the following categories: 1.A public financial inst as defined in sec 4a of cos act 1956 2.Scheduled banks 3.Rbi approved foreign bank operating in india 4.State financial corp 5.Inst engaged in providing

fin services,promoted by any of the above mentioned inst 6.Custodians of securities,registered with sebi 7.A clearing corp or clearing houses of stock exchanges

PowerPoint Presentation: 8)Stock brokers registerd with sebi 9)Non banking financial companies,having a net worth of not less than rupees 50 lacs . Grant of cert of regst . 1)The participant shall pay the regst fee of rupess 1 lac within 15 days of depository receipt of intimation from board. 2)The part. Shall comply with the provisions of act. 3)The depository shall hold a cert of commencement of business. 4)The cert of regst will be valid for 5 years.

PowerPoint Presentation: Agreement by participant Every participant shall enter an agreement with beneficial owner as disussed below: 1)Separate a/c 2)Statement of account 3)Transfer or withdrawal by beneficial owner 4)Connectivity 5)Reconciliation 6)Returns 7)Record of services Code of conduct for participants

Sebi regulations for the issuer: Sebi regulations for the issuer Agreement by issuer with the depository Manner of handling share registry work : shall be maintained at a single point i.e. either in-house by the issuer or by share transfer agent registered with board. Redressal of investor grievances : within 30 days The issuer shall maintain the record of certificates of securities which have been dematirialised Every issuer should furnish appropriate info to depository at the time & manner specified in law. Every issuer shall submitt audit report on a quarterly basis to depository.

Sebi guidelines for depository : Sebi guidelines for depository Application for registration 1) An application in form A shall be furnished to sebi along with fee of rs.50,000. 2) The board may reject an incomplete application,by giving opportunity of being heard. 3)The sponsor shall remove within 30 days the objections indicated by board and furnish all the clarification personally. Who can be a depository? 1 )A public fin inst 2)A scheduled bank

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3)A foreign bank operating in india with approval of RBI 4)A recognised stock exchange 5)A body corporate engaged in providing in services where minmum 75% of capital is owned by above mentioned institutions 6)An inst engaged in providing fin services set up by central govt 7)A clearing house Cond. For grant of regst 1) The dep shall pay reg fee of 25 lacs to sebi 2) It shall comply with provisions of law 3) The dep shall nt carry any activity other than dep 4)The dep has to pay annual fee of rupees 10 lac

PowerPoint Presentation: Application for the grant of cert of coomencement of business - after obtaining cert of registration,the dep shall apply for such cert within 1 year.the board shall take into account following : 1) The dep has net worth of not less than 100 crores 2) The bye laws have been approved by board 3)It has strong automatic data processing systems 4)The cert of commenecement is in the interest of investors 5)The board shall make physical verification of infrastructure facilities and systems established by dep.

PowerPoint Presentation: Obligations of depositories 1)Systems & procedures 2)Connectivity 3)Transfer to be affected only after payment 4)Withdrawal by paricipant 5)Internal monitoring,review & evaluation of system 6)External monitoring,review & evaluation of system 7)Insurance against risks 8)Records to be maintained 9)cooperation with other entities Post-Merger HR and Cultural Issues

When two companies merge to form a new business entity, many human resources and corporate culture issues arise. Typically, companies that plan for these things prior to the merger work through them more effectively. The goal of the post-merger stage is to establish a new business operation, flow and culture as quickly as possible. Small businesses may have an advantage in that fewer employees are affected than is typically the case with larger organizations. One of the most challenging HR issues following a merger is the attitudes of the employees. Depending on the effect the merger has on their jobs, employees can become worried, disgruntled or resentful. Some may have resentment if friends or colleagues were let go following the merger. Others are worried about how their jobs may change. Change is a major cause of stress for most people, and job roles often change significantly. New Norms

Every organization has a unique cultural makeup. The shared norms and values in a company evolve over time, are typically guided by leaders and are perpetuated by employees. When two entities combine, they bring two distinct cultures. HR professionals must diligently work to build a new organizational culture without forcing employees to give up key values and rituals they have enjoyed. Many newly merged companies conduct more regular employee meetings and try to organize company activities during the first few months. Compensation and Benefits Whichever organizations leadership remains in charge following the merger often influences the direction of pay and benefits in the new company. Generally, if employees gain or experience consistency in pay and benefits, issues are minimized. If some employees are asked to take pay decreases or face significant benefits cuts, complaining and low morale will likely result. Team-Building Integrating employees from the merging organizations is critical to maintaining or improving production and performance quickly following the merger. The first step is to introduce new colleagues and give them ample time and opportunity to bond. Team-building activities and scheduled department meetings strengthen rapport and enable work groups to formulate new ways of doing things.