Knowledge Hub - MMJC

May 30, 2023

CTC Publications – May

The May edition of the Chamber of Tax Consultants covers the following: Delhi High Court order – In the matter of TEQ GREEN POWER PRIVATE LIMITED (petitioner) versus REMC LIMITED (respondent) dated 21 March, 2023 The adjudication order of SEBI – in the matter of Shilpi Cable Technologies Limited. In the matter of M/s. Punjabi

May 23, 2023

ED’s probe against BBC India: How it questions the validity of FEMA over its own ..

In March 2023, ED initiated a probe against BBC India for FDI cap breach under the Foreign Exchange Management Act (FEMA). Article Published in ETCFO delves into the the question can ministry clarifications via circulars which override regulations? An article published by ETCFO – written by Partner – Makarand Joshi Read more at:https://cfo.economictimes.indiatimes.com/news/tax-legal-accounting/eds-probe-against-bbc-india-how-it-questions-the-validity-of-fema-over-its-own-rules/100409801

May 19, 2023

SEBI tightens norms for price sensitive information after study finds corporates flouting rules.!

Market regulator SEBI proposes to tighten norms for Unpublished Price Sensitive Information (UPSI) after it found a large number of corporates flouting current rules. “This would be U-turn from the correction SEBI had made in 2019 and the industry may need some time to set up a framework to identify UPSI as it is an

May 18, 2023

Centre announces 60-day time limit for approval of mergers!

In a bid to expedite mergers, MCA announces a 60-day time limit for approval of mergers or amalgamations. “The amendment will improve the disposal rate of fast-track mergers and in turn, facilitate ease of doing business as it prescribes a time frame of a maximum of 60 days for the Regional Director under the MCA

May 15, 2023

MMJC Insights

MMJC insights issue dated 15 May, 2023 consists of following: Index Sr. No Particulars MCA Corner 1. Introduction of C-Pace Restructuring 2. Withdrawal of the scheme of merger and ultimate exercising authority SEBI Corner 3. High Value Debt Listed Entities: Anomalies for Disclosures in Annual Report 4. Introduction of Legal Entity Identifier (LEI) for issuers

May 4, 2023

SEBI Bars Karvy Stock Exchange

The Securities and Exchange Board of India (Sebi) has barred Karvy Stock Broking (KSBL) and its chairman from accessing the securities market for seven years in a final order issued by SEBI. Alongwith Chairman – Independent directors – have been similarly restrained for two years and have been asked to pay a penalty of Rs 5 lakh

May 1, 2023

MMJC insights dated 1 May, 2023

This issue of MMJC insights covers the following: Sr. No Particulars SEBI Corner 1 Balancing Act: The Importance of Insider Trading Regulations in promoting Fairness and Prosperity. 2 FAQS on SEBI PIT Regulations 3 Need and Relevance of ‘Omnibus Approval’ in case of Related Party Transactions 4 ROC faces brunt for not approving e-form in

April 30, 2023

CTC Publications – April

The April edition of the Chamber of Tax Consultants covers the following: Adjudication Order in the Matter of Anbronica Technologies Private Limited dated 1 March 2023, ROC – Delhi Calcutta High Court order – In the matter of Surendra Kumar Singhi (Petitioner) vs. Registrar of Companies, West Bengal (Respondent) dated 20 January 2023. Adjudication order

April 17, 2023

ZEE insider trading: Punit Goenka pays Rs 50 lakh to settle case

Mr. Punit Goenka MD & CEO of ZEEL was alleged that he has failed to put in place adequate internal controls within the company to identify UPSI and failed to identify the said information as UPSI. Makarand Joshi, founder Partner of #MMJC Commented – “So far, it has been observed that SEBI has been initiating legal actions

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