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Knowledge Hub - MMJC - Page 26
March 31, 2023
SEBI Consultation Paper on Streamlining Disclosures by Listed Entities and Strengthening Compliance With SEBI LODR Regulations
Securities and Exchange Board of India (“SEBI”) had issued Consultation papers in 2022-2023 on proposed amendments to SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 [‘LODR Regulations”] on various topics. Now SEBI has in its board meeting dt: March 29, 2023 approved most of these propositions. A status report alongwith brief of respective consultation paper
March 30, 2023
CTC Publication – March 23
Whether applications for avoidance of preferential transactions, maintainable after approval of resolution plan? High Court determines – In the matter of Tata Steel BSL Ltd (“Appellant”) Vs. Venus Recruiter Private Ltd. & Ors (“Respondent”) passed in the Delhi High Court dated January 13, 2023 SEBI orders lifting of corporate veil on all KMPs in the
March 18, 2023
MMJC Insights – 15 March 2023
MMJC insights dated 15 March, 2023 covers the following: Sr. No Particulars SEBI Corner New Compliance starting from April 1, 2023 Introduction of Issue Summary Document (ISD) and dissemination of issue advertisements SEBI tightens the norms for companies opting buyback via stock exchange mechanism SEBI asks Investors to link PAN with
February 28, 2023
Chamber of Tax Consultants (CTC) Publication – Feb 2023
Companies Act, 2013 ROC levied penalty on Auditors for non-reporting of non-compliance of audit report – In the matter of Sonasuman Constech Engineers Private Limited – Adjudication order passed by ROC Patna, dated 04.01.2023 Taking cue from the non-filing of annual returns by the company over all the years since incorporation, ROC assumed that the
February 28, 2023
MMJC Insights dated 27 Feb, 2023
MMJC insights dated 27 Feb, 2023 covers the following: Sr. No Particulars Restructuring: 1. Can Equity Shares be converted into Redeemable Preference Shares?? FEMA Corner 2. Online Gaming or Gambling? Companies Act 3. Rules :- In conflict with the Act or a pillar to count on 4. Filing of Certain forms in physical mode with
February 23, 2023
Consultation Papers on Proposed amendments in SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Securities and Exchange Board of India (“SEBI”) has issued two Consultation papers on proposed amendments to SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 [‘LODR Regulations”]. One consultation paper was released on February 20, 2023 on below aspects:- Streamlining Disclosures by Listed Entities, and Strengthening Compliance with LODR Regulations Another consultation paper was released on
February 15, 2023
MMJC Insights dated 15 Feb 2023
This issue of MMJC insights dated 15 Feb, 2023 covers the following: Sr. No Particulars MCA Corner 1 After effects of transit of e-forms from V2 portal of MCA to V3 portal 2 Responsibilities of Auditor & BOD is it in tandem? SEBI Corner 3 The new era of Climate Preservation Bonds 4 Clarifications for
February 10, 2023
Website – A strong focal for investor awareness
1. Background: Securities and Exchange Board of India (‘SEBI’) and Stock Exchanges have been penalizing and warning Listed Entities to maintain a functional website and contents in accordance with Regulation 46 and Regulation 62 of SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2015 (‘SEBI (LODR) Regulations) for Equity Listed and Non-Convertible Securities Listed Entities respectively.
February 8, 2023
Buybacks made more investor friendly
Securities and Exchange Board of India (‘SEBI’) vide its notification dt: February 7, 2023 has brought in SEBI (Buyback of Securities) (Amendment) Regulations, 2023. This is effective from thirtieth day of notification of amendment in official gazette i.e. effective of amendment is March 9, 2023. A. Calculating maximum limit of buyback: For calculating maximum limit
February 7, 2023
Additional methods prescribed by SEBI for achieving Minimum Public Shareholding
Every listed entity is mandated to maintain Minimum Public Shareholding (“MPS”) under Rule 19(2)(b) and 19A of the Securities Contracts (Regulation) Rules, 1957 read with Regulation 38 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“LODR Regulations”). In case of listed entities whose MPS falls below the prescribed threshold,