Civil Procedure Code (CPC)

SEBI Meeting : Press Release 06.03.2010


SEBI Board Meeting

The Board met today in Mumbai and took the following decisions:
A. Margin Requirement in Public Issues
The Board decided that with effect from 1st May 2010, all types of investors would be required to bring in 100% of the application money as margin along with the application for securities in public issues. This would avoid inflated demand in public issues and provide level playing field to all investors subscribing for securities.
B. Reservation for Employees in Public/Rights Issues
The Board also decided that the reservation for employees in public/rights issues would be available to employees of subsidiaries and material associates of the issuer whose financial statements are consolidated with the issuer’s financial statements.
C. Reforms in Derivatives Market
The Board further decided in principle to allow the Stock Exchanges to introduce:
a. equity derivatives contracts with tenures upto 5 years;
b. derivative contracts on volatility indexes which have suitable track record, and
c. physical settlement of equity derivatives.

March 06, 2010
PR No.59/2010 3/7/2010




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