Securities and Exchange Board of India vide its notification dt: May 17, 2024 notified amendment to SEBI (PIT) Regulations, 2024. This amendment is effective from May 17, 2024. Below is the comparison of old vs new provision: Old provision New provision (e) “generally available information” means information that is accessible to the public on a
This issue of MMJC Insights covers the following: Managing CSR Obligations: A Legal Perspective on Ongoing Projects Empowering Education: A Holistic Approach by Corporates Navigating the ESG Landscape: Trends and Insights for the Next Decade FDI reforms in Space Sector Materiality Dynamics: Policies Across Top Nifty Companies Explored Beyond Dates: Understanding Event-Based Compliance for 2024-25
The April issue of CTC covers the following: In the matter of Rajiv Sharma (Petitioner) Versus Registrar of Companies (ROC), Mumbai (Respondent), Bombay High Court order dated 9 February 2024. Final Order in the matter of Vedanta Ltd regarding non-payment of dividend to Cairn UK Holdings Limited In the matter of M/s EPC Constructions India
The MMJC insights dated 30 April, 2024 covers the following: The Power of Writs: Protecting Rights under the Indian Constitution and Companies Act 2013 Restriction on transferability of shares – How far reasonable? Deciphering Stamp Duty: Analyzing the Supreme Court’s Verdict on Share Capital Augmentation The case within the CIRP that illustrates the contrast between
Introduction: The constitutional validity of Electoral Bond scheme and the amendments made by Finance Act, 2017 to relevant laws were challenged before the Hon’able Supreme Court of India. After hearing all the concerned parties including the Government of India and the State Bank of India who was authorized to issue electoral bonds, the Hon’able Supreme
This issue of MMJC insights covers the following: BSE and NSE mandates updation of corporate groups by listed companies. Whether ex-promoter/directors are eligible to submit a Resolution Plan under Section 29A of the IBC if no disqualification is attached? In the matter of Vishram Narayan Panchpor – Resolution Professional of Blue Frog Media Private Limited/Appellant
This issue of MMJC Insights covers the News Updates and Amendments for the months of February and March. It also includes the following articles: Aligning Sustainable Development Goals and Corporate Social Responsibility in India The Double-Edged Sword of Excessive Innovation: The Rise of ESG Warning letter or caution letter issued by SEBI – An Analysis
Introduction Securities and Exchange Board of India (Prohibition of Insider Trading), Regulations 2015 [‘PIT 2015’] defines ‘Unpublished Price Sensitive Information (UPSI)’ as follows: Unpublished Price Sensitive Information means any information relating to company or its securities that is not generally available which upon becoming generally available is likely to materially affect the price of securities
Introduction: Para B, Part A, of Scheule III of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘LODR Regulations’) listed companies are required to disclose to the stock exchanges about the ‘Pendency of any litigation (s) or dispute (s) or the outcome thereof which may have an impact on the
Treasury buy back is a kind of buy back in which the shares although purchased (bought back) by the issuing company, are not extinguished and are retained with an idea to sell it at an opportune time. Section 67 of Companies Act, 2013 (“the Act”) puts a prohibition on company to purchase its own shares.