Newsletter - MMJC

Introduction: The Ministry of Finance had notified Foreign Exchange Management (Overseas Investment) Rules, 2022 on August 22, 2022 in suppression of Foreign Exchange Management (Transfer or Issue of Any Foreign Security) Regulations, 2004. While the significant changes brought by the new framework included dispensing off the requirement of approval for deferred payment of consideration, write

Background Secretarial Standard-1 (“SS-1”), issued by the Institute of Company Secretaries of India (“ICSI”), provides guidance on various aspects of conducting board meetings, committee and general meetings. Question arises is whether SS-1 would apply to committees of the board of directors constituted under Companies act, 2013 [‘the Act’]? Introduction Clause 1.1 of SS-1 states as

Introduction Chapter XV of the Companies Act 2013 outlines the process for mergers and amalgamations, including the rights and duties of stakeholders. According to this chapter, a scheme of compromise or arrangement is presented to the Tribunal for approval by the company, its members, creditors, or the liquidator. Upon receiving the application and necessary documents,

Introduction: Chapter XV of the Companies Act 2013 outlines the process for mergers and amalgamations, including the rights and duties of stakeholders. According to this chapter, a scheme of compromise or arrangement is presented to the Tribunal for approval by the company, its members, creditors, or the liquidator. Upon receiving the application and necessary documents,

Remittances to International Financial Services Centres (IFSCs) under the Liberalised Remittance Scheme (LRS) The Authorised Dealer(AD) Banks prior to July 10, 2024 allowed resident individuals to remit funds to IFSCs under Liberalised Remittance Scheme(LRS) for the following purposes only: Making investments in IFSCs in securities except those issued by entities/ Companies resident in India (outside

Introduction:SEBI has released a Consultation Paper proposing changes to the ICDR Regulations, 2018, and the SBEB & SE Regulations, 2021. The objective is to streamline the IPO process, clarify ESOP rules for startup founders, and ensure regulatory consistency. These changes will significantly impact how IPO-bound companies navigate regulatory compliance and corporate governance. Let’s break down

Industry Standards Forum (‘ISF’) has clarified on the applicability of Related Party Transactions’ [‘ISF RPT Standards’] for approval of related party transactions that have been taken or would be taken from audit committee or shareholders for transactions commencing or continuing beyond April 1, 2025. This clarification is notified by Bombay Stock Exchange and National Stock

Introduction The Securities and Exchange Board of India (SEBI) introduced significant amendments to the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations,2015 (LODR) on December 12, 2024 [‘LODR third amendment’]. This article provides as to how companies should align their annual general meeting notice and annual report disclosure from April 1,