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November, 2023 - MMJC
November 25, 2023
Market regulator Sebi proposes easing trading plans for company insiders
The Securities and Exchange Board of India (Sebi) has proposed a significant revamp of the “trading plan” framework, which would allow insiders to trade their company shares with greater flexibility. The proposed changes include the elimination of the “black-out” period, a reduction in the cool-off period, and relatively lenient price limits. As employee stock options
November 25, 2023
MMJC Insights
This issue of MMJC insights along with the news updates/amendments covers the following: BSE circular prohibiting transfer of shares and dividend belonging to notified parties to Investors Education and Protection Fund Revision in the Eligibility Criteria for Migration of SME Companies to BSE Main Board Eligibility Criteria for Listing on BSE – SME Platform E-commerce,
November 14, 2023
Anomalies in Identification and Monitoring of Changes in SBO
The requirement for disclosure of Significant Beneficial Owner (SBO) is an attempt to identify that individual who has the power to control the decisions taken in any company through the nonindividual shareholders in the company. Money laundering is a menace for all growing economies and all countries aim to have world class mechanisms to combat
November 14, 2023
Intricacies of SBO in the Context of Limited
Liability Partnership
Vide two notifications one dated 11 February 2022 and dated 27 October 2023 the compliances of significant beneficial owner (SBO) and disclosures of beneficial interest (BI), respectively, has been made applicable to all Limited Liability Partnership(s) (LLP). While making SBO and BI applicable to LLP, framework applicable to companies has been taken as a base
November 5, 2023
MMJC Insights
This issue of MMJC insights majorly covers the MCA and SEBI Amendments. This issue also covers the NEWS update and Compliance Due Dates for the month of November. The contents are as follows: India moves closer to 100% Dematerialization Enhancing Transparency: MCA Mandates LLPs to Declare Registered and Beneficial Owners India’s Ease of Doing Business:
November 1, 2023
Enhancing Transparency: MCA Mandates LLPs to declare Registered and Beneficial Owners
Introduction: The concept of registered owner and beneficial owner within the context of a company has a well-established history. The Ministry of Corporate Affairs (MCA) has consistently underscored the importance of compliance with these provisions under the Companies Act of 2013. Recognizing the substantial relevance of these roles under various legal frameworks, the MCA has