September, 2024 - MMJC

Introduction: The Securities and Exchange Board of India (‘SEBI’) recently published a Consultation Paper on September 20, 2024, proposing amendments to the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘LODR Regulations’). This amendment is focused on transitioning to a fully electronic mode of payment for dividend, interest, redemption, or repayment amounts by listed entities.

Introduction On September 24, 2024, the Securities and Exchange Board of India (‘SEBI’) issued a circular to streamline the application process for public issues of debt securities, non-convertible redeemable preference shares, municipal debt securities, and securitized debt instruments with that of public issue of equity shares and convertibles. The circular mandates the use of Unified

Introduction National Stock Exchange of India (‘NSE’), vide its circular dtd September 5, 2024 (‘Present Circular’) has come up with an additional disclosure requirement which has been addressed specifically to all listed entities on NSE EMERGE platform (‘Listed Entities’) listed w.e.f. April 1, 2023, onwards. The Present Circular has mentioned that every Listed Entity must

This article is relevant for those entities who have their equity and non-convertible securities and entities who have listed non-convertible securities only. Securities and Exchange Board of India (‘SEBI’) vide its amendments Notification No. SEBI/LAD-NRO/GN/2024/190 July 10, 2024 (‘July 2024 amendment’)[1], added a new sub regulation (7) to regulation 23 of SEBI (Issue and Listing

Ministry of Corporate Affairs recently came out with Notification No. G.S.R 555(E). dated 9 September 2024 allowing Foreign Holding Company to merge in Indian Wholly Owned Subsidiary Company with RBI Approval and following the Process under section 233 of the Companies Act, 2013 and rule 25 and 25A of Companies (Compromises, Arrangements and Amalgamations) Rules,2016.

The Ministry of Finance on 12 September, 2024 had notified Foreign Exchange (Compounding Proceedings) Rules, 2024 (herein after referred to as “the Rules”) in suppression of Foreign Exchange (Compounding Proceedings) Rules, 2000. The major modifications introduced by the ministry through the Rules include: 1, Revision in the limits/ designations of RBI officials to decide on

The Securities and Exchange Board of India (SEBI), through a consultation paper dated August 29, 2024, seeks public feedback on the necessity of maintaining records of mandatory communications by entities regulated by SEBI. Currently, SEBI-regulated entities are required to communicate various types of information to stakeholders. However, only a limited category of these communications must

The Securities and Exchange Board of India (‘SEBI’) vide consultation paper dated September 3,2024 aims to gather public feedback on proposed changes to the SEBI Informal Guidance Scheme, 2003. The proposed revisions are intended to expand the scheme’s scope, adjust the fees, and streamline various processes. The SEBI Informal Guidance (IG) Scheme was introduced in

Introduction: SEBI vide its circular dated August 22, 2024[1] bearing no. SEBI/HO/DDHS/DDHS-PoD-2/P/CIR/2024/114 (“Amendment Circular”) has made an amendment in the Securities and Exchange Board of India Master Circular for Infrastructure Investment Trusts (InvITs) (“Master Circular”) dated May 15, 2024. SEBI vide its consultation paper dated May 09, 2024 had invited comments from the public on