Newsletter - MMJC - Page 6

BSE has introduced detailed guidelines to merchant bankers for drafting SME IPO offer document to ensure transparency, compliance, and investor protection. These updates are designed to simplify the process and improve the quality of disclosures, making it easier for investors to make informed decisions. Effective from 18 November, 2024 Here’s everything you need to know

Introduction This Guidance Note has been prepared to assist merchant bankers in the preparation and submission of offer documents for SME Initial Public Offerings (IPOs). The guidance provided herein outlines the key regulatory requirements, compliance standards, and best practices that merchant bankers must adhere to when preparing the offer documents. It aims to help ensure

Date: December 5, 2024 The Securities and Exchange Board of India (SEBI) has rolled out a significant initiative to simplify how Merchant Bankers handle their due diligence records during public issues. To ensure smoother record maintenance, SEBI is introducing an online Document Repository platform managed by stock exchanges. This platform allows Merchant Bankers to upload

In a move to simplify compliance, SEBI has withdrawn the requirement to deposit 1% issue size available to public for subscription as deposit with designated stock exchange by the issuer company. What Was the Provision? Under Regulation 38(1) of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (ICDR), issuer companies were required to deposit

Introduction SEBI has proposed 26 reforms to improve the framework governing SMEs under the SEBI (ICDR) Regulations, 2018, and the SEBI (LODR) Regulations, 2015. These reforms aim to enhance transparency, governance, and investor protection while encouraging growth in the SME sector. Detailed Key Proposals PART I: SME provisions under ICDR A.SME IPO Process: I. Increase

Ministry of Micro, Small and Medium Enterprises Notification dated 7 November, 2024 Now all companies registered under the Companies Act, 2013 with a turnover of more than ₹ 250 crore and all Central Public Sector Enterprises shall be required to get themselves onboarded on the Trade Receivables Discounting System platforms (TReDS) by 31 March 2025.

Applicability of SDD compliance certificate: 1. Whether listed entities to whom reg. 24A of SEBI (LODR) [viz. submitting Annual Secretarial Compliance Report [‘ASCR’]] are applicable are required to submit separate certificate on maintenance of Structural Digital Database [‘SDD’] every quarter? No. Listed entities to whom corporate governance provisions are applicable have to confirm SDD maintenance

Introduction: With an intention to provide Clarity on Pending Proceedings before Adjudicating Officer (AO) or Regional Director (RD) as of 16 September2024, the Ministry of Corporate Affairs (MCA) has through an amendment to Companies (Adjudication of Penalties) Rules, 2014 (AOP rules) inserted a proviso to rule 3A of the principle rules. Background: The MCA amended

Q.1. From when is PAN freezing required to be done? Even if the company closes the trading window from any date prior to end of quarter  automated freezing at the Designated depository will start from  first day of every quarter only. Company will continue to have to track trading of days starting from window closure

While the law sets specific guidelines for compliance, the industry’s maturity, experience, and wisdom shape how these regulations are understood and implemented in practice. Compliance, therefore, becomes a balanced mix of legal mandates and practical insights. The MMJC team prepared a data report on the parameters triggering rumor verification in the industry based on our