Newsletter - MMJC - Page 14

Introduction As we are all aware, Ministry of Corporate Affairs [MCA] is in the process of easing the compliances with the help of technology. Also efforts are being made to automate the process of form verification by ROC in order to reduce the time taken for completion of processes. The latest of such initiatives is

FAQs on Prohibition of Insider Trading: With an objective to provide greater clarity on several concepts related to the SEBI (PIT) Regulations, 2015, as also to shed more light on the nuances of various requirements of the regulations, SEBI has issued comprehensive Frequently Asked Questions (FAQs) on April 29, 2021, which consolidated all the FAQs

Requirement of accounting software having audit trail w.e.f. 1 April 2023 1. Introduction. The Companies Act, 2013 (the Act) permits companies to maintain their books of accounts in electronic mode also, instead of keeping in physical form. Further, Rule 3 of the Companies (Accounts) Rules, 2014 (the Rules) prescribes the detailed manner in which books

Securities and Exchange Board of India (‘SEBI’) has in its Board Meeting dt: March 29, 2023 has in principally approved following amendment: A. BRSR Related: Introduction of BRSR Core: In order to enhance the reliability of ESG disclosures SEBI has introduced the concept of BRSR (Business Responsibility and Sustainability Report) Core. It contains a limited

Securities and Exchange Board of India (“SEBI”) had issued Consultation papers in 2022-2023 on proposed amendments to SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 [‘LODR Regulations”] on various topics. Now SEBI has in its board meeting dt: March 29, 2023 approved most of these propositions. A status report alongwith brief of respective consultation paper

Securities and Exchange Board of India (“SEBI”) has issued two Consultation papers on proposed amendments to SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 [‘LODR Regulations”]. One consultation paper was released on February 20, 2023 on below aspects:- Streamlining Disclosures by Listed Entities, and Strengthening Compliance with LODR Regulations Another consultation paper was released on

1. Background: Securities and Exchange Board of India (‘SEBI’) and Stock Exchanges have been penalizing and warning Listed Entities to maintain a functional website and contents in accordance with Regulation 46 and Regulation 62 of SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2015 (‘SEBI (LODR) Regulations) for Equity Listed and Non-Convertible Securities Listed Entities respectively.

Securities and Exchange Board of India (‘SEBI’) vide its notification dt: February 7, 2023 has brought in SEBI (Buyback of Securities) (Amendment) Regulations, 2023. This is effective from thirtieth day of notification of amendment in official gazette i.e. effective of amendment is March 9, 2023. A. Calculating maximum limit of buyback: For calculating maximum limit

Every listed entity is mandated to maintain Minimum Public Shareholding (“MPS”) under Rule 19(2)(b) and 19A of the Securities Contracts (Regulation) Rules, 1957 read with Regulation 38 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“LODR Regulations”). In case of listed entities whose MPS falls below the prescribed threshold,

Securities and Exchange Board of India (“SEBI”) has amended Securities and Exchange Board of India (Issue and Listing of Non-Convertible Securities) Regulations, 2021 (“SEBI ILNCS”) by way of its amendment notification dt: February 3, 2023. The highlights of this amendment are as follows:- Debenture trustees already have powers to appoint nominee director on the board