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Knowledge Hub - MMJC - Page 25
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 19, 2023
Strike off finally centralized and zoomed up!
Introduction As we are all aware, Ministry of Corporate Affairs [MCA] is in the process of easing the compliances with the help of technology. Also efforts are being made to automate the process of form verification by ROC in order to reduce the time taken for completion of processes. The latest of such initiatives is
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
April 17, 2023
MMJC Insights
This issue of MMJC insights covers the following: Sr. No Particulars MCA Corner 1 Registrar of Companies on Enforcement mode? 2 Purpose and Effect of obtaining disclosure in Form MBP-1 3 ROC orders for violation of section 134 (3) (Board’s Report) of the Act IBC Corner 4 An unsuccessful resolution applicant has no locus standi
April 6, 2023
FAQs on Prohibition of Insider Trading
FAQs on Prohibition of Insider Trading: With an objective to provide greater clarity on several concepts related to the SEBI (PIT) Regulations, 2015, as also to shed more light on the nuances of various requirements of the regulations, SEBI has issued comprehensive Frequently Asked Questions (FAQs) on April 29, 2021, which consolidated all the FAQs
April 1, 2023
MMJC Insights
This Issue of MMJC Insights covers the following: Sr. No Particulars SEBI Corner 1. Additional affirmations by Practicing Company Secretaries (PCS) in Annual Secretarial Compliance Report (‘ASCR’) 2. Manner of filing financial results as required under regulation 33 of SEBI (LODR) Regulations, 2015 3. Common and simplified norms for processing investor’s service requests by RTA’s
March 31, 2023
Quantitative threshold as proposed in Sebi consultation paper may lead to disclosure overload, warns expert
The Securities and Exchange Board of India (SEBI) has approved the regulatory framework on ESG (Environmental, Social and Governance) disclosures, ratings and investing, the fineprints of the amendments are yet to be released. “The capital market regulator could either introduce ‘quantitative thresholds’ as they believe would be material or allow individual listed Indian Inc to
March 31, 2023
Requirement of accounting software having audit trail w.e.f. 1 April 2023
Requirement of accounting software having audit trail w.e.f. 1 April 2023 1. Introduction. The Companies Act, 2013 (the Act) permits companies to maintain their books of accounts in electronic mode also, instead of keeping in physical form. Further, Rule 3 of the Companies (Accounts) Rules, 2014 (the Rules) prescribes the detailed manner in which books
March 31, 2023
‘SEBI’ Board Meeting dt: March 29, 2023
Securities and Exchange Board of India (‘SEBI’) has in its Board Meeting dt: March 29, 2023 has in principally approved following amendment: A. BRSR Related: Introduction of BRSR Core: In order to enhance the reliability of ESG disclosures SEBI has introduced the concept of BRSR (Business Responsibility and Sustainability Report) Core. It contains a limited