January, 2025 - MMJC - Page 2

Introduction. As far as the corporate structure of business is concerned, the most important feature is that the company is owned by shareholders and is managed by the board of directors appointed by the shareholders. Even though the board manages the company, the owners of the company, that is, shareholders have control over the company

‘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. With a view to enhance the cashflow management and financial growth of Micro, Small and Medium enterprises (MSMEs), section 15 of Micro Small and Medium Enterprises Development Act 2006 (MSMED Act 2006) mandates all the businesses who buy goods and services from MSMEs to make payment to such MSMEs within 45 days from date

Introduction Section 133 of the Companies Act 2013 (‘the Act’) authorises Ministry of Corporate Affairs (‘MCA’) in consultation with National Financial Reporting Authority (‘NFRA’) to prescribe the accounting standards to be followed by companies while preparing the financial statements. Accordingly, MCA had notified accounting standards prescribed by Institute of Chartered Accountants of India (‘ICAI’) on

Background ESG Rating Providers [ERP’] are rating agencies registered with SEBI. ERPs provide ratings on all ESG factors of a listed entity. SEBI vide its master circular dt: May 16, 2024[1] stated that ERPs must have efficient systems to track material developments related to environmental, social and governance factors to ensure ESG ratings. Material development

Q1. What all quarterly filings are required to be filed as part of Integrated Filing (Financials)? Integrated Filing (Financials)comprises of Financial results and financial statements submitted to stock exchanges under Regulation 33 of SEBI (LODR). Statement of Related Party Transactions as per reg. 23(9) of SEBI LODR. Statement of Impact of Audit Qualifications Statement of

SEBI vide circular dated 31 December 2024[1] notified the framework for integrated filing. Integrated filing as a concept was notified by SEBI vide its Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Third Amendment) Regulations, 2024 amendment notification dated 12 December, 2024[2]. Pursuant to this Bombay Stock Exchange and National Stock Exchange

Introduction Related Party Transactions is a common phenomenon among all the companies. Related party transactions are subject to higher scrutiny as they inherently involve conflict of interest. Related party transactions subject to various approvals within the company depending on the legal framework applicable to the company. Transactions brought before the members of the company are