Informal Guidance - SEBI

Who can request for Informal Guidance?	Intermediary registered with SEBI
	Listed Company
	Company intending to get its shares listed and who has filled listing application or draft offer
	Mutual fund trustee company
	Asset Management Company
	Acquirer or Prospective Acquirer
Forms of Informal Guidance	No Action Letters: SEBI indicates that the Department would or would not recommend any action under any Act
	Interpretive Letters: Department of SEBI provides an interpretation of a specific provision of any Act, Rules, Regulations, Guidelines
Fees for Informal Guidance	Every application shall be accompanied with a fees of Rs. 25,000
Disposal of Request	Request is to be disposed off within 60 days. Department may give a hearing or conduct an interview if it feels necessary to do so.
Rejection of Application	Application may be rejected if any condition is not complied with
	Application money will be refunded after deducting Rs. 5000 as processing fees
Confidentiality of Request	Request to give the application a confidential treatment can be made by the applicant
	The period of confidential treatment will not exceed 90 days
	Department will communicate the applicant if no special treatment can be given
	In case of such communication applicant may withdrew the application within 30 days of communication