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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

Introduction Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements), Regulations, 2015 [‘SEBI LODR’] requires disclosure of material events or information to stock exchanges. Materiality for disclosure of events or information to stock exchanges is determined pursuant to Reg. 30(4) of SEBI LODR[1]. There are certain events specified in Para A, Part A

Background Securities and Exchange Board of India (Prohibition of Insider Trading), Regulations 2015 [‘SEBI PIT’] does not specify whether trading of designated persons and their immediate relatives needs to be tracked post their resignation. Securities and Exchange Board of India [‘SEBI’] in their FAQs dt: March 31, 2023[1] has at FAQ no. 48 stated that,

Facts of the case: Glenmark Life Sciences Ltd (‘GLS’) is a public limited company listed on stock exchange on August 6, 2021. Glenmark Pharmaceuticals Ltd [GPL’] was holding 82.34% of GLS as on date of listing. Nirma Ltd (‘Acquirer’) decided to acquire 75% of shares of GLS from GPL by way of share purchase agreement

Introduction The Compliance Officer under the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015 [‘PIT Regulations’] is responsible for administering the code of conduct and other requirements under PIT Regulations1. The Model Code of Conduct, as per PIT Regulations, states that the compliance officer would be responsible for closing the trading

Introduction Securities and Exchange Board of India (‘SEBI’) (Prohibition of Insider Trading) (Second Amendment) Regulations 2015 introduces revised provisions relating to Trading Plans[‘TP’]. A comprehensive newsletter on this amendment has already been published in MMJC Insights, detailing the changes. In this newsletter we shall further analyzes the implications for listed companies of the revised provisions relating