In a recent regulatory development, the Securities and Exchange Board of India (SEBI) introduced an amendment aimed at bolstering corporate governance by enhancing the accountability of independent directors (IDs). This crucial change mandates that when an independent director resigns, they must provide a resignation letter explicitly stating the reasons for the exit, with a stipulation
This issue of MMJC Insights covers the latest amendments/news and the following articles: From Physical to Digital: Rule 9B and the Dematerialization of Securities of Private Companies The Comprehensive Role of Merchant Bankers in the IPO Process: A Project Management Perspective SEBI’s Insider Trading Combat: Navigating the Terrain of the Structured Digital Database Transitioning to
Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015 inserted regulation 37A with effect from June 15, 2023. Regulation 37A provides for compliances to be done by a listed company while carrying out sale, lease, or disposal of an undertaking outside scheme of arrangement. Section 180(1)(a) of Companies Act, 2013 also
This issue of MMJC Insights covers the News and Amendment issued in the month of Jan and articles which are as follows: Beyond Separate Entities: Understanding the Corporate Veil Doctrine SEBI Compliance Unveiled: Non- Standard disclosures of KMP Resignation amid SEBI’s Regulatory Framework Upholding Compliance: The Compliance Officer’s Role in Adhering to the Code of
Unifying Protection: Internal Committee across multiple locations The Sexual Harassment of Women at Workplace (Prevention, Prohibition, and Redressal) Act, 2013 (“POSH Act”) was implemented to safeguard women from workplace sexual harassment, aiming to prevent and address complaints related to such incidents. Formation of the Internal Committee in accordance with the POSH Act, employers or establishments
BSE circular on Waiver Application Procedure and Deviation Discretion: Key Updates and Compliance Requirements Bombay Stock Exchange (‘BSE’) vide notice no. 20240101-18 dated January 1, 2024, has come up with a circular (‘BSE circular’). The BSE circular specifically refers to previous directives from the Securities and Exchange Board of India (SEBI), specifically SEBI circular SEBI/HO/CFD/CMD/CIR/P/2020/12
This issue of the CTC journal consists of the following: ROC adjudication order by ROC Delhi in the matter of VALOR ADVISORY (INDIA) PRIVATE LIMITED Order dated 16 November 2023. ROC adjudication order in the matter of BMM TESTLABS INDIA PRIVATE LIMITED, ROC Delhi, order dated 8 November 2023 Order of the Securities Appellate Tribunal
This issue of MMJC insights covers the following: Reshaping Investor Grievance Redressal: A detailed Analysis Mandatory Listing of Non-Convertible Debt Securities by Listed Entities SEBI’s Informal Guidance on Contra Trade Provisions Streamlining Investor Affairs: SEBI’s Progressive Measures in Securities Transmission and Reporting SEBI’s Roadmap for Debt Market Development: Tackling Compliance Issues Corporate Social Responsibility and
The Securities and Exchange Board of India (Sebi) has proposed a significant revamp of the “trading plan” framework, which would allow insiders to trade their company shares with greater flexibility. The proposed changes include the elimination of the “black-out” period, a reduction in the cool-off period, and relatively lenient price limits. As employee stock options
This issue of MMJC insights along with the news updates/amendments covers the following: BSE circular prohibiting transfer of shares and dividend belonging to notified parties to Investors Education and Protection Fund Revision in the Eligibility Criteria for Migration of SME Companies to BSE Main Board Eligibility Criteria for Listing on BSE – SME Platform E-commerce,