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Current Affairs PDF June 2012 Page 35The correct answer is a) Sheep25. The first Filmfare awards function was held ata) Metro Theatre of Mumbaib) Thane Theatre of Mumbaic) Ashoka Theatre of Mumbaid) Sane Theatre of MumbaiThe correct answer is a) Metro Theatre of MumbaiECONOMYE-VOTING MANDATORY FOR TOP 500 LISTED COMPANIES OF BSE & NSE:SEBIThe capital market regulator Securities and Exchange Board of India (SEBI) on 26 June 2012made it mandatory for top 500 listed companies to hold e-voting with an objective to widenshareholder participation in key decisions. SEBI’s decision on e-voting is to be implemented in aphased manner. The implementation will begin by subjecting the top 500 listed companies atthe Bombay Stock Exchange and the National StockExchange based on market capitalization to e-voting.The structural changes like scrutiny of audit reports aswell as e-voting are expected to benefit the capitalmarket in the medium term.Securities and Exchange Board ofIndia (SEBI)SEBI also decided to create a Qualified Audit Report review Committee (QARC) represented byaccounting regulator ICAI (Institute of Chartered Accountants of India) and stock exchanges.The committee would be responsible for processing qualified annual audit reports filed by thelisted entities with stock exchanges. The committee will be expected to study reports whereaccounting irregularities have been pointed out by Financial Reporting Review Board of theInstitute of Chartered Accountants of India (ICAI-FRRB).The regulator relaxed norms for Offer for Sale (OFS). OFS is a new route introduced by SEBI inearly 2012 to help companies increase their public shareholding. A minimum gap of two weeksbetween two OFS issuances was permitted by SEBI.SEBI made it easier for promoters of listed companies to dilute their stake and comply withpublic holding rules by 2013.As specified by SEBI, private sector companies and also the stateownedcorporations is required to have a minimum public holding of 25% by August 2013.In the SEBI board meeting, the regulator also announced a simpler share auction mechanismthat would help listed companies to attract investors. It provided institutional investors withthe option of applying for shares either with 100% margin or with a lesser margin to be fixed bywww.jagranjosh.comPage35Current Affairs PDF June 2012