Media - MMJC - Page 4

The opinion of our partner – Mr. Makarand Joshi about SEBI’s Proposal to bring buying and selling of mutual fund schemes under the Prohibition of Insider Trading Regulation (PIT) Insider trading refers generally to buying or selling a security, in breach of fiduciary duty on the basis of material, non-public information about a security. Covering unlisted

The opinion of our partner – Mr. Makarand Joshi about SEBI’s decision w.r.t. separation of position was covered in Money Control, Business World, Live Mint, Economic Times, Financial Express & Aisa Pacific.  The existing corporate governance framework is very strong and day by day enforcement is also becoming stronger. Hence, the separation of MD and Chairman

Recently, SEBI has issued a Consultation Paper on Environmental, Social, and Governance (ESG) Rating Providers for Securities Markets and proposes to accredit ESG Rating Providers (ERP)s for the purpose of assigning ESG ratings. Our Partner Makarand Joshi shared his views – This initiative will give a lot of transparency and confidence on the impact made by ESG

SEBI in the Board Meeting held on 28 Sept 2021 approved changes in RPT framework in LODR.  Views of our Partner – Makarand Joshi got covered in the Week, Mint, Hindustan Times, DT, Republic World, Outlook India  He believes that these changes may trigger concerns in minds of some corporates  Various cases and a recent ruling by

On Tuesday 14 Sept 2021 shares of Zee Entertainment jumped nearly 40% after investors sought the removal of its three directors, including its chief executive. Invesco Developing Markets Fund and OFI Global China Fund LLC, with a combined 17.9% stake in the company, called for an extraordinary general meeting of shareholders to remove Punit Goenka, Manish

In a bid to empower independent directors of listed companies, market regulator SEBI has overhauled rules relating to their appointment, removal, and remuneration aimed at giving more say to shareholders while reducing the influence of promoters. Makarand Joshi, founding partner, MMJC and Associates LLP, said, “SEBI has given more teeth to independent directors since both

At a time when many companies are looking to list on the stock exchanges through an initial public offer (IPO), the Securities and Exchange Board of India (SEBI) has relaxed the norms related to the lock-in of shares held by promoters of such companies. “The change in regulatory framework for the promoter and promoter group

The Reserve Bank of India (RBI) has tightened norms for the appointment and functioning of auditors in commercial banks and non-banking finance companies (NBFCs). The role of auditors has been questioned whenever bank frauds have happened in the past including the PNB scam, YES Bank, IL&FS and DHFL episodes.  The irregularities, in most cases, happened over

In a bid to curb speculative trading, stock exchanges have mandated listed companies undergoing insolvency processes to inform them within 30 minutes of an NCLT approving their debt resolution plan. Makarand Joshi, Partner, MMJC, said market speculation begins immediately after the IBC bidding process starts and continues till the resolution plan is approved. Tight secrecy