Thursday, February 16, 2012

SEBI EASES NEW NORMS-KEY CHANGES


  • Sale and lock - in restrictions lifted for insurance firms and mutual funds subscribing to preferential issues.
  • Advertisement code amended, made more principle - based.
  • Definition of advertisement broadened to influence investment decisions of any investor.
  • Minimum investment amount under PMS increased to Rs 25 lakh from Rs 5 lakh.
  • Reservation in rights / bonus issues only to  compulsorily convertible debt holders.
  • Valuation norms for liquid funds tightened

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