Highlights of SEBI head Bhave's media interaction post board meet
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K.Karthik Raja
Mar 5, 2008, 7:17:30 AM3/5/08
to Kences1
Highlights of SEBI head Bhave's media interaction post board meet
Wednesday, Mar 5
NEW DELHI - Following are the highlights from Securities Exchange
Board of India's chairman C.B. Bhave's media interaction after its
board meeting:
* To reduce fee charged to intermediaries by 50-80%.
* Reduced fee charged to intermediaries effective Apr 1.
* To look into cutting gap between IPO close, listing dates.
* Grey mkt for IPO to go dn if issue close, list date gap cut.
* May opt IPO investment in one go if close, list date gap cut.
* SEBI did not discuss pricing of IPOs today.
* Ad valorem fee for MFs to file NFOs cut to 0.005% from 0.03%.
* SEBI caps IPO offer document fee at 30 mln rupees.
* SEBI caps NFO offer document fee at 5 mln rupees.
* Did not take up issue of uniform face value for shares.
* OKs MoU between Madras Stock Exchange and NSE
* Have seen increase in FII registration post Participatory Notes ban.
www.kences1.blogspot.com
Wednesday, Mar 5
NEW DELHI - Following are the highlights from Securities Exchange
Board of India's chairman C.B. Bhave's media interaction after its
board meeting:
* To reduce fee charged to intermediaries by 50-80%.
* Reduced fee charged to intermediaries effective Apr 1.
* To look into cutting gap between IPO close, listing dates.
* Grey mkt for IPO to go dn if issue close, list date gap cut.
* May opt IPO investment in one go if close, list date gap cut.
* SEBI did not discuss pricing of IPOs today.
* Ad valorem fee for MFs to file NFOs cut to 0.005% from 0.03%.
* SEBI caps IPO offer document fee at 30 mln rupees.
* SEBI caps NFO offer document fee at 5 mln rupees.
* Did not take up issue of uniform face value for shares.
* OKs MoU between Madras Stock Exchange and NSE
* Have seen increase in FII registration post Participatory Notes ban.
www.kences1.blogspot.com
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