Newsletter - MMJC - Page 6

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

Introduction: In an era where data drives our digital existence, the need for robust data protection legislation is more pressing than ever before. With the attempt to do justice to Article 21 of the Indian Constitution, Section 43A  of the Information Technology Act, 2000 stands repealed and the Digital Personal Data Protection Act, 2023 (“Act“) seeks

Introduction Environmental, Social, and Governance (ESG) principles have gained significant traction in the corporate world, representing a fundamental shift towards more sustainable and socially responsible business practices. ESG factors evaluate a company’s impact on the environment, its commitment to social responsibility, and its governance practices. While ESG offers numerous benefits, it is not without its

Introduction: “The highest education is that which does not merely give us information but makes our life in Harmony with all existence.”- Rabindranath Tagore In today’s world, education is more important than ever, especially in rural areas where it is difficult for children to access quality education. Many children in rural areas lack access to

Why the Fair Practices Code? The primary business activity of a Non-Banking Financial Company (NBFC) is to grant loans to its customers. NBFCs and other financial institutions adopt different means to attract the borrowers to scale up their business. With a view to protect the rights of the borrowers and to ensure proper conduct of