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Knowledge Hub - MMJC - Page 19
March 20, 2024
MMJC Insights
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
March 19, 2024
Deciphering the start date of UPSI: Navigating the variations
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Securities and Exchange Board of India (Prohibition of Insider Trading), Regulations 2015 [‘PIT 2015’] defines ‘Unpublished Price Sensitive Information (UPSI)’ as follows: Unpublished Price Sensitive Information means any information relating to company or its securities that is not generally available which upon becoming generally available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
March 16, 2024
Navigating the Regulatory Landscape: Harmonizing provisions of SEBI (LODR) and Section 42A of Arbitration and Conciliation Act, 1996
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
March 12, 2024
Can a Private Limited Company do a Treasury
Buy Back of Shares?
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.
March 12, 2024
Upholding Corporate Integrity: The Evolution of Independent Directors’ Accountability
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
February 20, 2024
MMJC Insights
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
February 13, 2024
Implementation of Regulation 37A – SEBI
(Listing Obligation and Disclosure
Requirements) Regulations, 2015
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
February 1, 2024
MMJC Insights
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
January 25, 2024
Unifying Protection: Internal Committee across multiple locations
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
January 6, 2024
BSE circular on Waiver Application Procedure and Deviation Discretion: Key Updates and Compliance Requirements
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