Newsletter - MMJC - Page 8

Introduction Stock exchanges play a crucial role in ensuring the fair and efficient functioning of capital markets. One important aspect of their responsibility is reviewing and approving schemes of arrangement proposed by companies. These schemes, often designed to facilitate corporate restructuring, mergers, acquisitions, and other significant changes in a company’s corporate structure. In addition to

Listing Obligations and Disclosure Requirements (LODR), 2015: Enhancing Transparency and Disclosure in Corporate Affairs A. Introduction: On June 14, 2023, the markets regulator notified the SEBI (Listing Obligations and Disclosure Requirements) (Second Amendment) Regulations, 2023 (“LODR”). These amendments are in tandem with the consultation papers that were formerly released by SEBI. The objective of these

Annual Secretarial Compliance Report for FY 2022-23 now to be filed in XBRL Format Regulation 24A(2) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements), Regulations, 2015 provides that a listed entity shall submit an annual secretarial compliance report within 60 days from the end of financial year. SEBI vide circular

1. Introduction: There are multiple ways of raising funds: One amongst those is Private Placement. Whenever a company acquires finance from a specified group of persons against issuance of securities of the company, this corporate action is called private placement. The conditions and compliances relating to the private placement are discussed in section 42 of

The Triumphant Rise of ESG Compliances: Pioneering a Sustainable Future Introduction In a world plagued by unprecedented environmental challenges and social inequalities, a powerful movement has emerged, reshaping the landscape of business and finance. Enter the era of Environmental, Social, and Governance (ESG) compliances – a holistic approach that transcends mere profit-seeking and heralds a

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