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October, 2024 - MMJC
October 25, 2024
MMJC Insights
This issue of MMJC insights covers the following: Aligning Object Clauses with Strategic Goals: Industry-Wise Insights Officer in Default – When is he liable for penalty? Directors’ remuneration – Aligning it with shareholders expectation (Part -1) Director’s remuneration – aligning it with shareholders expectation (Part -2) Harnessing CSR Funds for Sustainable Waste Management: A Guide
October 22, 2024
Role of CS in Viksit Bharat
The article highlights the evolving role of Company Secretaries (CS) in supporting India’s “Viksit Bharat” vision by 2047, particularly in the areas of corporate governance, ESG (Environmental, Social, and Governance) reporting, and compliance. CS professionals play a key role in ensuring transparency, bridging gaps between investors and management, and driving sustainable practices in the corporate
October 22, 2024
IFSCA: The Growing Future For Company Secretaries
The article discusses the role of the International Financial Services Centre Authority (IFSCA) in India’s financial landscape and highlights emerging opportunities for Company Secretaries (CS) in this sector. It emphasizes how IFSCA’s regulatory framework has opened doors for CS professionals in various fields, such as finance, insurance, and fintech, fostering their growth in both practice
October 22, 2024
Deciphering the second amendment to Companies (Adjudication of penalty Rules) 2014
Introduction: With an intention to provide Clarity on Pending Proceedings before Adjudicating Officer (AO) or Regional Director (RD) as of 16 September2024, the Ministry of Corporate Affairs (MCA) has through an amendment to Companies (Adjudication of Penalties) Rules, 2014 (AOP rules) inserted a proviso to rule 3A of the principle rules. Background: The MCA amended
October 15, 2024
MMJC Insights
This issue of MMJC insights covers the following: Is Nominee Director liable to retire by rotation? Understanding Shorter Notice Consent in calling Annual General Meeting? Are Listed companies making disclosures updating material development? Section 14 of IBC in no manner impact invocation of Bank Guarantee during pendency of the Moratorium Further, this issue also covers
October 14, 2024
Excerpts in form of FAQs – NSDL and CDSL webinar on PAN freezing held on September 24, 2023 – Relevant for companies newly listed entities who are doing PAN freezing at designated depository level for the first time
Q.1. From when is PAN freezing required to be done? Even if the company closes the trading window from any date prior to end of quarter automated freezing at the Designated depository will start from first day of every quarter only. Company will continue to have to track trading of days starting from window closure
October 14, 2024
Prevention of Sexual Harassment (PoSH): A
Global Outlook
Today, PoSH stands not only as a legal framework but as a testament to evolving workplace culture—an indispensable shield of inclusivity and equality, now recognized as the cornerstone of ethical corporate governance. With movements like #MeToo shaking the foundations of industries worldwide, the PoSH law has become the lighthouse guiding organizations toward a future where
October 14, 2024
Rumor Gyaan
While the law sets specific guidelines for compliance, the industry’s maturity, experience, and wisdom shape how these regulations are understood and implemented in practice. Compliance, therefore, becomes a balanced mix of legal mandates and practical insights. The MMJC team prepared a data report on the parameters triggering rumor verification in the industry based on our
October 8, 2024
SEBI’s Extended Relaxation on Compliance with LODR Regulations
SEBI’s Extended Relaxation on Compliance with LODR Regulations The Securities and Exchange Board of India (‘SEBI’) has issued a new circular dtd October 3,2024 extending certain compliance relaxations under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘LODR Regulations’) for listed entities. SEBI had previously issued relaxations on October 7, 2023, for: Regulation 36(1)(b):
October 7, 2024
SEBI Circular on Reduction in Timeline for Listing of Debt Securities and Non-Convertible Redeemable Preference Shares (‘NCRPS’)
1. Introduction: On September 26, 2024, the Securities and Exchange Board of India (‘SEBI’) issued a circular aimed at reducing the timeline for listing debt securities and non-convertible redeemable preference shares (‘NCRPS’). The present circular vide SEBI/HO/DDHS/DDHS-PoD-1/P/CIR/2024/129, outlines the introduction of a shortened listing timeline of T+3 working days, replacing the existing T+6 working days