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March, 2024 - MMJC
March 20, 2024
MMJC Insights
This issue of MMJC Insights covers the News Updates and Amendments for the months of February and March. It also includes the following articles: Aligning Sustainable Development Goals and Corporate Social Responsibility in India The Double-Edged Sword of Excessive Innovation: The Rise of ESG Warning letter or caution letter issued by SEBI – An Analysis
March 19, 2024
Deciphering the start date of UPSI: Navigating the variations
Introduction Securities and Exchange Board of India (Prohibition of Insider Trading), Regulations 2015 [‘PIT 2015’] defines ‘Unpublished Price Sensitive Information (UPSI)’ as follows: Unpublished Price Sensitive Information means any information relating to company or its securities that is not generally available which upon becoming generally available is likely to materially affect the price of securities
March 16, 2024
Navigating the Regulatory Landscape: Harmonizing provisions of SEBI (LODR) and Section 42A of Arbitration and Conciliation Act, 1996
Introduction: Para B, Part A, of Scheule III of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘LODR Regulations’) listed companies are required to disclose to the stock exchanges about the ‘Pendency of any litigation (s) or dispute (s) or the outcome thereof which may have an impact on the
March 12, 2024
Can a Private Limited Company do a Treasury
Buy Back of Shares?
Treasury buy back is a kind of buy back in which the shares although purchased (bought back) by the issuing company, are not extinguished and are retained with an idea to sell it at an opportune time. Section 67 of Companies Act, 2013 (“the Act”) puts a prohibition on company to purchase its own shares.
March 12, 2024
Upholding Corporate Integrity: The Evolution of Independent Directors’ Accountability
In a recent regulatory development, the Securities and Exchange Board of India (SEBI) introduced an amendment aimed at bolstering corporate governance by enhancing the accountability of independent directors (IDs). This crucial change mandates that when an independent director resigns, they must provide a resignation letter explicitly stating the reasons for the exit, with a stipulation