Newsletter - MMJC

Introduction In the journey of the Initial Public Offering (IPO) once the Draft offer Document is filed with the Stock Exchanges and Securities and Exchange Board of India (SEBI) it starts the continuous phase of disclosure. Under the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (ICDR Regulations), companies preparing for an IPO must

Securities and Exchange Board of India (‘SEBI’) vide its amendments notification dt: March 27, 2025, amended Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (amendment) Regulations, 2025 [LODR amendment’]. LODR amendment is effective immediately for High Value Debt Listed Entity [‘HVDLE’] (i.e. entities only having their principal outstanding non-convertible debt securities of 

Background The Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements) regulations, 2015 (‘SEBI LODR’) were amended with effect from 27th March 2025, vide SEBI LODR amendment regulations 2025 [‘LODR amendment’]. LODR amendment revamped provisions relating to High Value Debt Listed Entities (‘HVDLE’). HVDLE is an entity which has principal value of listed

Securities and Exchange Board of India (‘SEBI’) vide its amendment notification Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Amendment) Regulations, 2025 [‘LODR amendment’] dt: March 27, 2025, notified provisions for High Value Debt Listed Entities [‘HVDLE’]. HVDLE means an entity who has its listed non-convertible debt securities listed on a recognized

Section 133 of the Companies Act 2013 (‘the Act’) authorises the Ministry of Corporate Affairs (‘MCA’) in consultation with National Financial Reporting Authority (‘NFRA’) to prescribe the accounting standards to be followed by companies while preparing the financial statements. Accordingly, MCA had notified accounting standards prescribed by the Institute of Chartered Accountants of India (‘ICAI’)on 7th December 2009and

Introduction Section 134(3) of the Companies Act, 2013 [‘the act’] states that a report of the board of directors shall be attached to statements laid down before the company in the general meeting. Section 134(3), read with rule 8 of Companies (Accounts) Rules, 2014, also provides an inclusive list of items required to be disclosed in the board’s report

Introduction In recent years, India has seen a wave of IPOs, making it more important than ever for regulators to keep a close watch on company disclosures. For businesses looking to go public, this means they need to be completely transparent and provide accurate information. At the same time, merchant bankers must dive deeper into

IntroductionInitial Public Offerings (IPOs) have long been a cornerstone of the financial markets from decades, offering Companies a pathway to raise capital and to investors, an opportunity to participate in the growth story of emerging businesses. One of the most talked-about aspects of IPOs is the phenomenon of “listing gains” – the profit investors make

Introduction In India, the process of launching an Initial Public Offering (IPO) on main board of a recognised stock exchange is a significant milestone for any company looking to raise capital from the public. However, before a company, its promoters, or directors can embark on this journey, they must meet several stringent eligibility criteria set

Introduction Going public is a transformative journey for any company, bringing new responsibilities, higher scrutiny, and the need for stronger governance structures. SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (LODR) and the Companies Act, 2013 mandate listed entities to constitute key board committees to ensure compliance, risk management, and investor protection. For companies preparing