-
- Quick Contact:
- +91 22 2167 8100
September, 2021 - MMJC
September 28, 2021
Sebi strengthens related party transactions rules; clears superior voting rights shares framework
SEBI in the Board Meeting held on 28 Sept 2021 approved changes in RPT framework in LODR. Views of our Partner – Makarand Joshi got covered in the Week, Mint, Hindustan Times, DT, Republic World, Outlook India He believes that these changes may trigger concerns in minds of some corporates Various cases and a recent ruling by
September 28, 2021
The Chamber of Tax Consultants September 2021
This covers the following cases: NCLT directs Reliance Home Finance to repay NCDs despite of the arguement that lenders of reliance entered into an Inter creditor agreement (ICA) to arrive at resolution plan as per RBI circular and such order will cause serious prejudice to the company and ICA lenders.. IDBI Trusteeship Services Limited (Petitioner/IDBI)
September 28, 2021
Limitation Period Restored to Pre-Covid era!
The Supreme Court of India had been extending the limitation period by passing various interim orders and has now finally decided to put an end to this keeping in mind the improved situation of COVID-19 in the country. Considering the reduction in the prevalence of COVID-19 virus and normalcy being restored Supreme Court of India
September 22, 2021
Compliances of High-Value Debt Listed Entity pursuant to SEBI LODR fifth Amendment
SEBI has vide its amendment notification dt: September 7, 2021 has amended the SEBI LODR Chapter IV and Chapter V. We would first understand the amendment under Chapter IV of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulation 2015 [‘LODR 2015’] and its implications Chapter IV of LODR 2015 is now
September 22, 2021
Does drone business fall under the Civil Aviation Sector?
The Drone business is a much talked about business in terms of regulatory funding, restrictions and otherwise. Also, our Honorable Prime Minister is expecting India to be a global drone hub by 2030 and that drone application will be ensured in transportation, logistics, defence, mining, infrastructure sectors, and more. Obviously for achieving this, Foreign Direct
September 18, 2021
CSR – What is the meaning of Utilisation
Background ‘Corporate’ is a concept of the modern world that has separate legal entity. Corporates are allowed to undertake business activities, earn profits, and are required to pay taxes also like any other citizen. As responsible citizens, corporates are also expected to meet their obligations towards society and the environment. Corporate Social Responsibility (‘CSR’) is
September 15, 2021
Nearly 5 Million zee shares amid turmoil
On Tuesday 14 Sept 2021 shares of Zee Entertainment jumped nearly 40% after investors sought the removal of its three directors, including its chief executive. Invesco Developing Markets Fund and OFI Global China Fund LLC, with a combined 17.9% stake in the company, called for an extraordinary general meeting of shareholders to remove Punit Goenka, Manish
September 7, 2021
The Chamber of Tax Consultants August 2020
This covers the following cases: The Riverdale Infrastructures Pvt Ltd (Appellant) vs. Kirloskar Ebara Pumps Ltd (Respondent No. 1/ R1/KEPL) Ebara Corporation (Respondent No. 2/R2/Ebara) Kirloskar Brothers Ltd. (Respondent No. 3 /R3/KBL) – NCLT Mumbai Bench – Order dated 26.05.2020 The ruling of Adjudicating Officer – SEBI In respect of Shreejesh Harindranath and Sandeep AC
September 7, 2021
The Chamber of Tax Consultants July 2020
This covers the following cases: The ruling of Adjudicating Officer – SEBI Name of the Case: In respect of Mr. Neeraj Agarwal and Ms. Shruti Vora in the matter of circulation of unpublished price sensitive information (UPSI) through whats app messages with respect to Ambuja Cements Ltd. State Bank of India (Appellant) vs. Metenere Ltd
September 7, 2021
Directors Compensation – Past, present and Future?
Provisions of Section 149, 197, and Schedule V of the Companies Act, 2013 (‘the Act’) deal with remuneration of Directors of the Company. Since the time Companies Act 1956 got replaced with Companies Act 2013, situation has been very dynamic as there have been as good as 20 changes in Section 197, Schedule V and