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TMI BlogSECURITIES AND EXCHANGE BOARD OF INDIA (INFORMAL GUIDANCE) SCHEME, 2003X X X X Extracts X X X X X X X X Extracts X X X X ..... urities and Exchange Board of India established under section 3 of the Act; (c) Department means a Department of SEBI and includes a Division of SEBI; (d) Scheme means the SEBI (Informal Guidance Process) Scheme, 2003; 3.2 Words and expressions not defined in this Scheme shall have the same meaning as have been assigned to them under the Act or the Securities Contracts (Regulation) Act, 1956 or the Companies Act, 1956, or any statutory modification or re-enactment thereof, or any rules or regulations made thereunder, as the case may be. 1 [ 4 The following persons may make a request for informal guidance under the scheme: any intermediary registered with the Board under section 12 of the Act; any listed company : ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ent of SEBI; and, iv. It shall describe the request, disclose and analyse all material facts and circumstances involved and mention all applicable legal provisions. 7. SEBI may dispose off the request as early as possible as and in any case not later than 60 days after the receipt of the request. The Department may give a hearing or conduct an interview if it feels necessary to do so. The requestor shall be entitled only to the reply. The internal records or views of SEBI shall be confidential. 8. SEBI may not respond to the following types of requests: i. those which are general and those which do not completely and sufficiently describe the factual situation; ii. those which involve hypothetical situations; iii. thos ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... communication will not be available to the public until the expiration of the specified period. c. If it appears to the Department that the request for confidential treatment should be denied, the requestor will be so advised and such person may withdraw the letter or written communication within 30 days of receipt of the advise, in which case the fee, if any, paid by him would be refunded to him. d. In case where a request has been withdrawn under clause (c), no response will be given and the letter or written communication will remain in the SEBI files but will not be made available to the public. e. If the letter or written communication is not withdrawn, it shall be available to the public together with any written staff respo ..... X X X X Extracts X X X X X X X X Extracts X X X X
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