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Background: Securities and Exchange Board of India (Prohibition of Insider Trading), Regulations 2015 [‘SEBI PIT’] does not specify whether trading of designated persons and their immediate relatives needs to be tracked post their resignation. Securities and Exchange Board of India [‘SEBI’] in their FAQs dt: March 31, 2023[1] has at FAQ no. 48 stated that,

Introduction: Compliance Officer under Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015 [‘PIT Regulations’] is responsible for administering the code of conduct and other requirements under these regulations[1]. The Model Code of conduct as per PIT Regulations states that compliance officer would be responsible for closure of trading window, granting pre-clearance,

Introduction As per schedule III, Part A, Para A, Point 1 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 [‘SEBI LODR’] disclosure of acquisition including incorporation of subsidiary, increase in stake of subsidiary etc needs to be disclosed to stock exchanges. It has been observed that many listed companies

Background: UPSI means any information that is likely to materially affect the price of the securities of the company[1]. It is important to identify and track UPSI within the organisation to comply with provisions of Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015 [‘SEBI PIT’] in that regard. Also, persons in

In our earlier article we have seen the governance issues pertaining remuneration to whole time directors. In this article we shall have a look at few more governance concerns relating to remuneration to whole time directors. 1.Skewed Remuneration and Unfair Practices: Skewed remuneration practices occur when compensation disproportionately favours certain directors, often promoters, without clear

Introduction: As per clause (b) of second proviso to sub-regulation (2) of regulation 23 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements), Regulations 2015 [‘SEBI LODR’], “related party transaction to which the subsidiary of a listed entity is a party but the listed entity is not a party, shall require prior

Object of the Issue: Commitment to purpose When companies raise funds through an Initial Public Offering (IPO) or other public issuance, they commit to specific goals for the use of these funds, known as the “Objects of the Issue.” According to Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) regulations, 2018

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

Introduction: Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015 [‘PIT 2015’] mandates closure of trading window. Point 4 of Schedule B of PIT 2015 casts a responsibility on the compliance officer to close the trading window when he is of the opinion that designated persons are reasonably expected to have access