The Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘SEBI LODR’) lays down the provisions for effective corporate governance and fair disclosures by listed companies in India. On July 8, 2024, SEBI vide its SEBI LODR (Second amendment) regulation 2014 [LODR second amendment’] notified an amendment providing an option to debt-listed
This issue of MMJC Insights covers news updates/amendments and the following articles: Shareholding v/s Beneficial Ownership Role of Compliance Officer – Relevance of Standard Operating Procedures for compliance under SEBI (PIT) Regulations 2015 Remittances to International Financial Services Centres (IFSCs) under the Liberalised Remittance Scheme (LRS) Breaking Barriers: Advancing Gender Equality in India Inc. through
The June issue of the CTC journal covers the following cases: In the matter of Iskon Infra Engineering Pvt Ltd (Appellant) vs. Central Bank of India Respondent at the National Company Law Appellant Tribunal (NCLAT) dated 1 April, 2024 In The Matter of Hiran Valiyakkil Lal and Others vs. Hardoll Enterprises LLP, and Others. NCLT
The Securities and Exchange Board of India (‘SEBI’) constituted an Expert Committee on August 24, 2023, under the chairmanship of Shri S.K. Mohanty. The primary objective of this Committee being to facilitate ease of doing business for listed entities in India by harmonizing the provisions of the Issue of Capital and Disclosure Requirements (‘ICDR’) and
On 27th October 2023 and 9th November 2023 respectively, Ministry of Corporate Affairs (MCA) notified LLP of third amendment rules and LLP SBO rules. As per these rules, the LLPs are required to maintain register of partners and disclose to the Registrar of Companies (ROC)about the holders of beneficial interest other then registered partners and
‘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: The Central Government in exercise of the powers conferred by clauses (aa) and (ab) of sub-section (2) of section 46 of the Foreign Exchange Management Act, 1999 (42 of 1999) (Hereinafter referred to as “FEMA 1999”) notified the Foreign Exchange Management (Non-debt instruments) Rules, 2019 [NDI Rules 2019] in supersession of the Foreign Exchange
This issue of MMJC insights covers the following: Insolvency Dilemmas: NCLAT’s Verdict on Section 185 Compliance in CIRP Claims Uncovering Regulatory Authority: Understanding the Sources of Regulatory Action Deciphering the Commencement of UPSI in Acquisition Scenarios: A Comprehensive Analysis Significance of CSR committee; a walk through. Land Border Approval: Implications of the 22 April 2020
Securities Exchange Board of India (‘SEBI’) vide its circular dtd June 25,2024 has come up with second amendment to SEBI (Prohibition of Insider Trading) regulations, 2015 (‘SEBI PIT’). The effective date of this amendment is ninetieth day from the date of publication in the Official Gazette which shall be September 23, 2024. About Trading Plans
Despite incurring losses in FY24, several firms have proposed paying dividends, pending shareholder approval. Interestingly, promoters hold stakes ranging from 20% to 75% in these firms, making them significant beneficiaries of the dividend payouts in certain cases. Under the Companies Act, there are no specific restrictions on dividend payments in the presence of standalone profits.