June, 2024 - MMJC

Despite incurring losses in FY24, several firms have proposed paying dividends, pending shareholder approval. Interestingly, promoters hold stakes ranging from 20% to 75% in these firms, making them significant beneficiaries of the dividend payouts in certain cases. Under the Companies Act, there are no specific restrictions on dividend payments in the presence of standalone profits.

SEBI’s new rules introduce a “Trading Plans” framework to make insider trading more transparent and compliant.  This comes after a consultation paper issued in November 2023 to streamline the process. “With this change SEBI also brings flexibility in implementing trading plans under exceptional circumstances, thereby offering relief for KMPs and CXOs holding stock options. It

The ministry of corporate affairs (MCA) has slapped penalties totaling Rs 8,14,200 on Samsung Display Noida Private Ltd, its managing director Seung Kyu Lee and three others for alleged violation of the significant beneficial owner (SBO) norms under the Companies Act, 2013. This is the third such instance in two months when the RoC penalised

Under new Sebi’s rule, these companies will have to ‘confirm, deny, or clarify any reported event or information in the mainstream media that is not general in nature and that indicates that rumours of an impending specific material event’ are circulating amongst the investing public within 24 hours from the reporting of the information. “The