MMJC Insights

July 20, 2023

MMJC insights dated 20 July, 2023 covers the following:

  • Is that True? Verification of Market Rumours made Mandatory.
  • Press Releases to Stock Exchange– Whether material information? Whether UPSI?
  • Understanding SEBI’s Material Event Thresholds: Enhancing Disclosure Standards for Market Integrity
  • In the matter of CG Power and Industrial Solutions Limited – Adjudication order dated April 20,2023
  • Order of the ROC, Gujarat, Dadra & Nagar Haveli dated April 28, 2023  In the matter of M/s. Sun Pharmaceutical Industries Limited
  • Non-constitution of Nomination & Remuneration committee; ROC penalizes MD and exonerates CS – Order of ROC, RoC Delhi, dated June 27, 2023 In the matter of PTC Financial Services Limited
  • Failure to allot the shares or refund monies against the money deposited towards purchase of shares is a financial debt under IBC? In the matter of Katepalli Venkateswara Rao (Petitioner) Vs. M/s Bio Green Papers Ltd (Respondent) in the order passed by National Company Law tribunal (NCLT) Hyderabad Bench dated May 30, 2023
  • Ministry of Finance (MOF) pulls reins on International Credit Card Use under LRS back peddled.

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