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Knowledge Hub - MMJC - Page 17
July 4, 2024
Land Border Approval: Implications of the 22nd April 2020 Amendment on ESOP.
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
July 2, 2024
MMJC Insights
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
July 1, 2024
Trading Plan provisions revamped!
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
June 27, 2024
More than 20 loss making firms paid dividends in FY24
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.
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