The Securities and Exchange Board of India (SEBI) has approved the regulatory framework on ESG (Environmental, Social and Governance) disclosures, ratings and investing, the fineprints of the amendments are yet to be released. “The capital market regulator could either introduce ‘quantitative thresholds’ as they believe would be material or allow individual listed Indian Inc to
Requirement of accounting software having audit trail w.e.f. 1 April 2023 1. Introduction. The Companies Act, 2013 (the Act) permits companies to maintain their books of accounts in electronic mode also, instead of keeping in physical form. Further, Rule 3 of the Companies (Accounts) Rules, 2014 (the Rules) prescribes the detailed manner in which books
Securities and Exchange Board of India (‘SEBI’) has in its Board Meeting dt: March 29, 2023 has in principally approved following amendment: A. BRSR Related: Introduction of BRSR Core: In order to enhance the reliability of ESG disclosures SEBI has introduced the concept of BRSR (Business Responsibility and Sustainability Report) Core. It contains a limited
Securities and Exchange Board of India (“SEBI”) had issued Consultation papers in 2022-2023 on proposed amendments to SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 [‘LODR Regulations”] on various topics. Now SEBI has in its board meeting dt: March 29, 2023 approved most of these propositions. A status report alongwith brief of respective consultation paper
Whether applications for avoidance of preferential transactions, maintainable after approval of resolution plan? High Court determines – In the matter of Tata Steel BSL Ltd (“Appellant”) Vs. Venus Recruiter Private Ltd. & Ors (“Respondent”) passed in the Delhi High Court dated January 13, 2023 SEBI orders lifting of corporate veil on all KMPs in the
MMJC insights dated 15 March, 2023 covers the following: Sr. No Particulars SEBI Corner New Compliance starting from April 1, 2023 Introduction of Issue Summary Document (ISD) and dissemination of issue advertisements SEBI tightens the norms for companies opting buyback via stock exchange mechanism SEBI asks Investors to link PAN with