The Securities and Exchange Board of India (‘SEBI’) vide consultation paper dated September 3,2024 aims to gather public feedback on proposed changes to the SEBI Informal Guidance Scheme, 2003. The proposed revisions are intended to expand the scheme’s scope, adjust the fees, and streamline various processes. The SEBI Informal Guidance (IG) Scheme was introduced in
Introduction: SEBI vide its circular dated August 22, 2024[1] bearing no. SEBI/HO/DDHS/DDHS-PoD-2/P/CIR/2024/114 (“Amendment Circular”) has made an amendment in the Securities and Exchange Board of India Master Circular for Infrastructure Investment Trusts (InvITs) (“Master Circular”) dated May 15, 2024. SEBI vide its consultation paper dated May 09, 2024 had invited comments from the public on
This issue of MMJC insights covers the following: From Waste to Wealth: Addressing India’s Waste Management Challenges Is it necessary to file LLP BEN 2 if BEN-2 or LLP BEN-2 is already filed? Role and responsibilities of Nominee director – An analysis Audiovisual (AV) presentation of disclosures made in Public Issue Offer Documents Are Listed
The Securities and Exchange Board of India (SEBI) issued a Consultation Paper (‘CP’) on August 22, 2024 seeking public comments on the clarification of the term “pecuniary relationship” in the context of eligibility of a DT to provide DT services. Background Under Regulation 13A of the DT Regulations an entity cannot be appointed as a DT if: a). Regulation 13A:
Consultation Paper on measures towards Ease of Doing Business and streamlining compliance requirements for Non- Convertible securities – review of LODR Regulations Background Hon’ble Finance Minister in her consecutive budget speeches had proposed to increase depth of debt market and had also asked all regulators to bring in ease of doing business though consultative approach.
Consultation paper on proposal to Replace ‘Consent Letter’ with ‘Debenture Trustee Agreement’ under the NCS Regulations, 2021 The Securities and Exchange Board of India (‘SEBI’), through its consultation paper dated August 17, 2024, has proposed an amendment to the Securities and Exchange Board of India (Issue and Listing of Non-Convertible Securities) Regulations, 2021 (‘NCS Regulations’).
Securities Exchange Board of India (‘SEBI’) vide its circular dtd August 5,2024 has come up with Consultation Paper proposing to streamline and reduce timelines of bonus issue enabling T+2 trading of shares post record date (T Day). Existing provision: Presently, as per regulation 295(1) of SEBI (Issue of Capital and disclosure requirement) (‘ICDR’) regulation 2018
This issue of MMJC insights covers the following: Scrutiny of Compliance with Accounting Standards by Registrar of Companies. Material Related Party Transactions – Proxy advisory perspective of Disclosure and legal concerns Material Related Party Transactions – Proxy Advisory perspective of Governance concerns The Vital Role of Company Secretaries in Championing ESG Compliance “FIT & PROPER”
Introduction: One among the multiple objectives of adopting technology by Ministry of Corporate Affairs (MCA) is, to reduce human intervention in the process and make it smoother and more efficient. One step taken in this regard by MCA is introduction of CPACE for processing the strike off applications of the companies. MCA has now given
Introduction: One important tool for Government of India in bringing ease of doing business is leveraging technology. Government of India has been working hard to bring in technology to reduce human intervention and speed up processes that are vital for smooth functioning of businesses. One such initiative was introduction of e-adjudication mechanism for adjudicating cases