May, 2023 - MMJC

In March 2023, ED initiated a probe against BBC India for FDI cap breach under the Foreign Exchange Management Act (FEMA). Article Published in ETCFO delves into the the question can ministry clarifications via circulars which override regulations? An article published by ETCFO – written by Partner – Makarand Joshi Read more at:https://cfo.economictimes.indiatimes.com/news/tax-legal-accounting/eds-probe-against-bbc-india-how-it-questions-the-validity-of-fema-over-its-own-rules/100409801

Market regulator SEBI proposes to tighten norms for Unpublished Price Sensitive Information (UPSI) after it found a large number of corporates flouting current rules. “This would be U-turn from the correction SEBI had made in 2019 and the industry may need some time to set up a framework to identify UPSI as it is an

In a bid to expedite mergers, MCA announces a 60-day time limit for approval of mergers or amalgamations. “The amendment will improve the disposal rate of fast-track mergers and in turn, facilitate ease of doing business as it prescribes a time frame of a maximum of 60 days for the Regional Director under the MCA

The Securities and Exchange Board of India (Sebi) has barred Karvy Stock Broking (KSBL) and its chairman from accessing the securities market for seven years in a final order issued by SEBI. Alongwith Chairman – Independent directors – have been similarly restrained for two years and have been asked to pay a penalty of Rs 5 lakh