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Knowledge Hub - MMJC - Page 12
June 27, 2024
Stock trading gets easier for company insiders in India
SEBI’s new rules introduce a “Trading Plans” framework to make insider trading more transparent and compliant. This comes after a consultation paper issued in November 2023 to streamline the process. “With this change SEBI also brings flexibility in implementing trading plans under exceptional circumstances, thereby offering relief for KMPs and CXOs holding stock options. It
June 22, 2024
MMJC Insights
This issue of MMJC Insights covers the news updates and amendments for the month of June and following articles: The Evolution of Corporate Social Responsibility (CSR) Mandates in India: A Comprehensive Analysis Harnessing the Power of CSR Funds: Transforming Environmental Challenges through an ESG Lens Women Empowerment through CSR: Statistical Insights Analysis of disclosures made
June 20, 2024
MCA penalises Samsung Display Noida for breach of Companies Act norms
The ministry of corporate affairs (MCA) has slapped penalties totaling Rs 8,14,200 on Samsung Display Noida Private Ltd, its managing director Seung Kyu Lee and three others for alleged violation of the significant beneficial owner (SBO) norms under the Companies Act, 2013. This is the third such instance in two months when the RoC penalised
June 13, 2024
CTC – May 2024
The May issue of CTC Journal covers the following case: Adjudication order dated 1 April 2024 by ROC Hyderabad in the matter of Premier Energies Limited Securities Exchange Board of India’s Adjudication Order in the Matter of Prabhu Steels Industries Limited For a detailed summary of cases click here
June 13, 2024
Material Price Movement
In the ever-evolving market landscape, staying informed about material price movements is essential for complying with Rumour Verification protocols. To aid this process, the Stock Exchange has introduced a specific formula for calculating Material Price Movement (MPM). We have developed several scenarios and case studies to illustrate the application of this formula, helping in understanding
June 1, 2024
Top 100 companies to verify market rumours promptly starting June 1
Under new Sebi’s rule, these companies will have to ‘confirm, deny, or clarify any reported event or information in the mainstream media that is not general in nature and that indicates that rumours of an impending specific material event’ are circulating amongst the investing public within 24 hours from the reporting of the information. “The
June 1, 2024
“Insolvency Dilemmas: NCLAT’s Verdict on Section 185 Compliance in CIRP Claims”
“Insolvency Dilemmas: NCLAT’s Verdict on Section 185 Compliance in CIRP Claims” NCLAT Delhi, in the matter of AVJ Heights Apartment Owners Association Vs. India Infoline Finance Ltd have dealt with the question where financial contract which was not in compliance of certain provisions of the Companies Act, 2013 can be admitted as a claim under
May 31, 2024
MMJC Insights
The MMJC insights dated 31 May 2024 cover the following: The Crucial Role of a Company Secretary in CSR Audits: Navigating Corporate Social Responsibility with Precision. Disclosures from Value Chain Partners – Navigating the challenges and embracing the rewards Can the company go into liquidation if the corporate guarantee by the company is not invoked?
May 29, 2024
Disclosure of Senior management – Annual report 23-24
Securities and Exchange Board of India(SEBI) vide its amendment notification dt: June 15, 2023 notified Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements), (Second Amendment) Regulations, 2023. Vide this amendment SEBI provides that listed companies will now have to disclose particulars of senior management including the changes therein since the close of
May 21, 2024
Amendment to SEBI LODR Regulations!
SEBI has vided its gazette notification dt: May 18, 2024, amended Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements), Regulations, 2015. These amendments were approved in SEBI board meeting held on March 15, 2024. Below are brief of the amendments: Amendments effective from May 18, 2024 Rumour verification Reg. 30(11): Rumour verification