On 27th October 2023 and 9th November 2023 respectively, Ministry of Corporate Affairs (MCA) notified LLP of third amendment rules and LLP SBO rules. As per these rules, the LLPs are required to maintain register of partners and disclose to the Registrar of Companies (ROC)about the holders of beneficial interest other then registered partners and
‘Shareholders are de jure owners, and directors are de facto owners in a company’. This is an old saying explaining the position of shareholders and directors in a company. But off late, with more and more complex corporate structures being introduced in the capital markets for owning shares in a company, regulatory focus has been
Introduction: The Central Government in exercise of the powers conferred by clauses (aa) and (ab) of sub-section (2) of section 46 of the Foreign Exchange Management Act, 1999 (42 of 1999) (Hereinafter referred to as “FEMA 1999”) notified the Foreign Exchange Management (Non-debt instruments) Rules, 2019 [NDI Rules 2019] in supersession of the Foreign Exchange
This issue of MMJC insights covers the following: Insolvency Dilemmas: NCLAT’s Verdict on Section 185 Compliance in CIRP Claims Uncovering Regulatory Authority: Understanding the Sources of Regulatory Action Deciphering the Commencement of UPSI in Acquisition Scenarios: A Comprehensive Analysis Significance of CSR committee; a walk through. Land Border Approval: Implications of the 22 April 2020
After the markets regulator Sebi approved introducing a fixed price process for delisting companies from stock exchanges, market experts welcomed the move saying that in the earlier book-building regime listing had become a no-exit entry. “It is a good initiative by Sebi considering all those entities who attempted delisting in the past few years and were unsuccessful.
Securities Exchange Board of India (‘SEBI’) vide its circular dtd June 25,2024 has come up with second amendment to SEBI (Prohibition of Insider Trading) regulations, 2015 (‘SEBI PIT’). The effective date of this amendment is ninetieth day from the date of publication in the Official Gazette which shall be September 23, 2024. About Trading Plans