Newsletter - MMJC - Page 11

Securities and Exchange Board of India vide its notification dt: May 17, 2024 notified amendment to SEBI (PIT) Regulations, 2024. This amendment is effective from May 17, 2024. Below is the comparison of old vs new provision: Old provision  New provision (e) “generally available information” means information that is accessible to the public on a

Introduction: The constitutional validity of Electoral Bond scheme and the amendments made by Finance Act, 2017 to relevant laws were challenged before the Hon’able Supreme Court of India. After hearing all the concerned parties including the Government of India and the State Bank of India who was authorized to issue electoral bonds, the Hon’able Supreme

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

Unifying Protection: Internal Committee across multiple locations The Sexual Harassment of Women at Workplace (Prevention, Prohibition, and Redressal) Act, 2013 (“POSH Act”) was implemented to safeguard women from workplace sexual harassment, aiming to prevent and address complaints related to such incidents. Formation of the Internal Committee in accordance with the POSH Act, employers or establishments

BSE circular on Waiver Application Procedure and Deviation Discretion: Key Updates and Compliance Requirements Bombay Stock Exchange (‘BSE’) vide notice no. 20240101-18 dated January 1, 2024, has come up with a circular (‘BSE circular’). The BSE circular specifically refers to previous directives from the Securities and Exchange Board of India (SEBI), specifically SEBI circular SEBI/HO/CFD/CMD/CIR/P/2020/12

Introduction: The concept of registered owner and beneficial owner within the context of a company has a well-established history. The Ministry of Corporate Affairs (MCA) has consistently underscored the importance of compliance with these provisions under the Companies Act of 2013. Recognizing the substantial relevance of these roles under various legal frameworks, the MCA has

“MCA’s Commitment to Business-Friendly Regulations: Rule Amendments and NSWS” Introduction: The honorable finance minister of India has been time and again emphasizing on the efforts taken by the Ministry of Corporate Affairs (MCA) towards the ease of doing business. The MCA has simplified thousands of compliances and has also de-criminalized several of them. In its

INTRODUCTION When it comes to getting approvals for Merger/ Demerger / Capital reduction (hereinafter “Restructuring”) from National Company Law tribunal (NCLT), things are now getting complex from the perspective of compliances under the Companies Act, 2013 and rules made thereunder.   During clearances from Regional Director and Official liquidator (Herein after “Regulator”) in case of

Regulation 50B of SEBI (Issue and Listing of Non-Convertible Securities) Regulations, 2021 (‘NCS Regulations’) read with Chapter XII of the NCS Master Circular dt: July 7, 2023 [‘NCS Master Circular’] on ‘Fundraising by issuance of debt securities by large corporates’ (‘LC Chapter’), inter-alia, mandates LCs to raise a minimum 25% of their incremental borrowings in