SEBI Board Meeting, 21.08.2019 -Press Release
2. Amendments to SEBI (Mutual Funds) Regulations 1996 Page 11 of 16 S. , 21.08.2019 -Press Release
No NEWS ON SECURITIES EXCHANGE BOARD OF INDIA 1. Markets regulator SEBI said companies in violation of disclosure regulations will have to pay a penalty of Rs 20,000 per day till the date of compliance. SEBI said that stock exchanges will impose fines in case of non-compliance with certain provisions of Issue of Capital and Disclosure (ICDR) Regulations. The fine will be applicable if the bonus issue is delayed beyond 15 days from the date of approval of the issue by the board of directors in cases where shareholders' approval for making the bonus issue is not required. The proposal for amendments to SEBI (Mutual Funds) Regulations, 1996 with respect to prudential norms for Investment and Valuation of Debt and Money Market instruments by Mutual Funds as detailed in the Press Release of the Board meeting held on June 27, 2019 subject to the following: The Board decided to give flexibility to mutual funds to invest in unlisted non-convertible debentures (NCDs) up to a maximum of 10% of the debt portfolio of the scheme subject to such investments in unlisted NCDs having simple structures as may be notified from time to time, being rated, secured and with monthly coupons. This shall be implemented in a phased manner by June 2020.