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July, 2023 - MMJC
July 31, 2023
MMJC Insights
MMJC insights dated 31 July, 2023 covers the following: MCA starts enforcement for Register of Contracts or Arrangements (MBP-4) miss-outs. ECB from Land Border Sharing Companies Extending framework for restricting trading by Designated Persons (“DPs”) by freezing PAN at security level to all listed companies in a phased manner Search and Seizure of records of
July 27, 2023
Shedding Light: Initiating the disclosure of Material Events and Information
To enable investors to make well-informed investment decisions, timely, adequate, and accurate disclosure of information on an ongoing basis is of utmost importance. Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (hereinafter referred to as “LODR Regulations” or “LODR”), requires listed entities to disclose material events or information to the stock exchanges. The
July 27, 2023
Is that True? Verification of Market Rumours made Mandatory.
Background: Generally speaking, verification of reported events or information which may have material effect on the listed entity is essential to avoid establishment of a false market sentiment or impact on the securities of the entity. In recent years, a growing influence on market sentiments is being noticed of not just print media, but also
July 27, 2023
Understanding SEBI’s Material Event Thresholds: Enhancing Disclosure Standards for Market Integrity
Background: Regulation 30(1) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements), Regulations, 2015 [‘LODR Regulations’] requires listed entities to disclose material information to stock exchanges. Regulation 30(4) states the criteria that listed entities should see to determine what would be considered as material information /event. Earlier barring certain events / information
July 27, 2023
Press Releases to Stock Exchange– Whether material information? Whether UPSI?
Concerns on disclosures by listed entities through Press Release: Securities and Exchange Board of India (‘SEBI’) on May 18, 2023, through a consultation paper[1] had proposed changing the definition of Unpublished Price Sensitive Information [‘UPSI’] as provided under Regulation 2(1)(n) of SEBI (Prohibition of Insider Trading) Regulations, 2015 [‘SEBI PIT’]. This proposal was based on
July 20, 2023
MMJC Insights
MMJC insights dated 20 July, 2023 covers the following: Is that True? Verification of Market Rumours made Mandatory. Press Releases to Stock Exchange– Whether material information? Whether UPSI? Understanding SEBI’s Material Event Thresholds: Enhancing Disclosure Standards for Market Integrity In the matter of CG Power and Industrial Solutions Limited – Adjudication order dated April 20,2023
July 13, 2023
Breach of Confidence in Contracts: Understanding the Legal Implications
Many times, we come across agreements or contracts that do not provide for confidentiality clauses. Does this mean that the Parties to the agreement are not bound to protect the secrecy of the agreement? The principle of breach of confidence can rescue the aggrieved party in such untoward situations. This write-up expounds on this principle