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Knowledge Hub - MMJC - Page 23
July 27, 2023
Understanding SEBI’s Material Event Thresholds: Enhancing Disclosure Standards for Market Integrity
Background: Regulation 30(1) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements), Regulations, 2015 [‘LODR Regulations’] requires listed entities to disclose material information to stock exchanges. Regulation 30(4) states the criteria that listed entities should see to determine what would be considered as material information /event. Earlier barring certain events / information
July 20, 2023
MMJC Insights
MMJC insights dated 20 July, 2023 covers the following: Is that True? Verification of Market Rumours made Mandatory. Press Releases to Stock Exchange– Whether material information? Whether UPSI? Understanding SEBI’s Material Event Thresholds: Enhancing Disclosure Standards for Market Integrity In the matter of CG Power and Industrial Solutions Limited – Adjudication order dated April 20,2023
July 13, 2023
Breach of Confidence in Contracts: Understanding the Legal Implications
Many times, we come across agreements or contracts that do not provide for confidentiality clauses. Does this mean that the Parties to the agreement are not bound to protect the secrecy of the agreement? The principle of breach of confidence can rescue the aggrieved party in such untoward situations. This write-up expounds on this principle
June 30, 2023
CTC Publication – June
The June edition of the Chambers of Tax Consultants covers the following: Adjudication Order of the ROC, Gujarat, Dadra & Nagar Haveli In the matter of M/s. Sun Pharmaceutical Industries Limited dated 28 April, 2023 Adjudication order of SEBI in the matter of CG Power and Industrial Solutions Limited dated 20 April, 2023 Supreme Court
June 30, 2023
MMJC Insights
This edition of MMJC insights dated 30 June, 2023 covers the following: SEBI notifies Annual Secretarial Compliance Report for Investment Managers of Infrastructure Investment Trusts (InvITs) SEBI notifies Compliance Report on Governance for Investment Managers of Infrastructure Investment Trusts (InvITs) SEBI Circular on online processing of investor service requests and complaints by Registrar and Transfer
June 28, 2023
Tribunals soliciting reassessment of bourses approval in Zee Sony Merger raises Investors Anxiety.
Introduction Stock exchanges play a crucial role in ensuring the fair and efficient functioning of capital markets. One important aspect of their responsibility is reviewing and approving schemes of arrangement proposed by companies. These schemes, often designed to facilitate corporate restructuring, mergers, acquisitions, and other significant changes in a company’s corporate structure. In addition to
June 21, 2023
MMJC Insights
This issue of MMJC insights dated 15 June, 2023 covers the following: Informal Guidance in the context of Related Party Transactions under SEBI LODR, Regulations 2015. Informal Guidance by Securities and Exchange Board of India on continuous applicability of provisions of Corporate Governance in the context of applicability of Business Responsibility and Sustainability Reporting Whether
June 19, 2023
Listing Obligations and Disclosure Requirements (LODR), 2015: Enhancing Transparency and Disclosure in Corporate Affairs
Listing Obligations and Disclosure Requirements (LODR), 2015: Enhancing Transparency and Disclosure in Corporate Affairs A. Introduction: On June 14, 2023, the markets regulator notified the SEBI (Listing Obligations and Disclosure Requirements) (Second Amendment) Regulations, 2023 (“LODR”). These amendments are in tandem with the consultation papers that were formerly released by SEBI. The objective of these
June 15, 2023
Annual Secretarial Compliance Report for FY 2022-23 now to be filed in XBRL Format
Annual Secretarial Compliance Report for FY 2022-23 now to be filed in XBRL Format Regulation 24A(2) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements), Regulations, 2015 provides that a listed entity shall submit an annual secretarial compliance report within 60 days from the end of financial year. SEBI vide circular
June 14, 2023
ROC’s Vigilance on Private Placement Provisions: Imposing Penalties on Non-compliant Companies
1. Introduction: There are multiple ways of raising funds: One amongst those is Private Placement. Whenever a company acquires finance from a specified group of persons against issuance of securities of the company, this corporate action is called private placement. The conditions and compliances relating to the private placement are discussed in section 42 of