The term Key Managerial Personnel (KMP) is defined under the Companies Act, 2013 (the Act), SEBI Listing Obligations and Disclosure Regulations (LODR), and under the SEBI Issue of Capital and Disclosure Regulations (ICDR). The term KMP under the Act and the SEBI LODR covers Managing Director (MD), Chief Executive Officer (CEO), Whole-time Director (WTD), Chief
This issue of MMJC insights covers the following: Minimum review items while approving Related Party Transactions Non-compliance with provisions of SEBI – ICDR Regulations Is KMP defined under Materiality Policy? Book Debt V. Loan – in context of Sec. 185 – How to decide Whether a transaction is a loan or not?” Holding of General
Unpublished Price Sensitive Information (‘UPSI’) means any information, relating to a company or its securities, directly or indirectly, that is not generally available which upon becoming generally available, is likely to materially affect the price of the securities and shall, ordinarily including but not restricted to (i) financial results; (ii) dividends; (iii) change in capital
This covers the following cases: An interesting case to discuss the question – Whether Class of Equity shares can be converted into preference shares? Independent Directors who were diligent in performing duties and asked appropriate questions to management on critical aspects cannot be considered as a part of conspiracy/fraud For a detailed case law summary