Product Updates

Markets regulator  Sebi  today said its new guidelines do not bar  investors  from holding  shares  in the physical form even after December 5. The clarification comes after the Sebi received several calls concerning the applicability of its directive. The regulator, in July, had said that transfer of shares of listed companies has to essentially be in dematerialised mode from December 5. The new amendment does not prohibit the investor from holding the shares in physical form, investor has the option of holding shares in physical form even after December 5, 2018," the Securities and Exchange Board of India (Sebi) said in a statement. The new rule is not applicable for transfer of title of shares by way of inheritance or succession and interchanging of the order of name of shareholders. Besides, the regulator said that any investor who is desirous of transferring shares, which are held in physical form, after December 5 can do so only after the shares ...

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Markets regulator SEBI has relaxed initial public offer (IPO) norms to allow companies to announce the price band two days before an offering. At present, the price band has to be announced five working days before the initial share sale opens for subscription. The markets watchdog also said that financial disclosures will need to be made for three years, compared with the earlier five years, the Securities and Exchange Board (SEBI) said in a notification dated September 11.

*Information regarding Insurance changes applicable from September 2018* 1. The government has only made 3 years *third party Insurance* on brand new vehicles mandatory. 2. You can still buy only 1 year full insurance on your brand new vehicle. 3. No changes in Insurance of existing vehicles. The Insurance of existing Vehicles shall be renewed annually. 4. You have following three options in Insurance when you purchase a brand new vehicle OPTION 1 - Purchase 3 years stand alone Third party Insurance (only third party) OPTION 2 - Purchase 3 years full Insurance (very expensive option , not recommended) OPTION 3 - Purchase  1 year full insurance plus 3 years Third party Insurance. RECOMMENDED - OPTION 3 *Benefits of option 3* 1. The third party premium you pay in advance will be deducted from your premium at the time of your first and second renewals. So no extra cost. 2. Government increases third party rates every financial year , so you will beat the price hike. 3. You...

NCD Public issue of *Tata Capital Financial Services Limited * Issue Size: *₹ 7,500 Crores* Instrument: *Secured Redeemable Non-Convertible Debentures and Unsecured, Subordinated, Redeemable, Non-Convertible Credit Rating: "CRISIL AAA / Stable"  by CRISIL; and "CARE AAA; Stable by CARE* Listing:*Proposed to be listed on BSE & NSE* Issuance Mode: *Demat* Face Value: *₹ 1000* Mode Of Application: *ASBA/Non ASBA* Issue Opening Date: *10th September 2018*

Tender close - 21 sept Settlement - 3rd October