The Securities and Exchange Board of India (SEBI) issued a Consultation Paper (‘CP’) on August 22, 2024 seeking public comments on the clarification of the term “pecuniary relationship” in the context of eligibility of a DT to provide DT services. Background Under Regulation 13A of the DT Regulations an entity cannot be appointed as a DT if: a). Regulation 13A:
Consultation Paper on measures towards Ease of Doing Business and streamlining compliance requirements for Non- Convertible securities – review of LODR Regulations Background Hon’ble Finance Minister in her consecutive budget speeches had proposed to increase depth of debt market and had also asked all regulators to bring in ease of doing business though consultative approach.
Consultation paper on proposal to Replace ‘Consent Letter’ with ‘Debenture Trustee Agreement’ under the NCS Regulations, 2021 The Securities and Exchange Board of India (‘SEBI’), through its consultation paper dated August 17, 2024, has proposed an amendment to the Securities and Exchange Board of India (Issue and Listing of Non-Convertible Securities) Regulations, 2021 (‘NCS Regulations’).
Securities Exchange Board of India (‘SEBI’) vide its circular dtd August 5,2024 has come up with Consultation Paper proposing to streamline and reduce timelines of bonus issue enabling T+2 trading of shares post record date (T Day). Existing provision: Presently, as per regulation 295(1) of SEBI (Issue of Capital and disclosure requirement) (‘ICDR’) regulation 2018
Introduction: One among the multiple objectives of adopting technology by Ministry of Corporate Affairs (MCA) is, to reduce human intervention in the process and make it smoother and more efficient. One step taken in this regard by MCA is introduction of CPACE for processing the strike off applications of the companies. MCA has now given
Introduction: One important tool for Government of India in bringing ease of doing business is leveraging technology. Government of India has been working hard to bring in technology to reduce human intervention and speed up processes that are vital for smooth functioning of businesses. One such initiative was introduction of e-adjudication mechanism for adjudicating cases
Consultation Paper on proposed amendments to the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015 to rationalize the scope of the expression ‘connected person’, while not increasing compliance requirements The Securities and Exchange Board of India (‘SEBI’) via consultation paper dtd July 29,2024 has proposed amendments to the Securities and Exchange
Introduction Scheme of mergers, demergers, and various other arrangements (herein after “Corporate Restructuring”) involving listed entities are seen increasing at a greater pace in recent times. Listed entities involved in scheme of arrangement have to seek No Objection letter from stock exchanges[i]. Corporate Restructuring involving listed entities which are SEBI Registered Intermediaries and certain individuals
Introduction. The Ministry of Corporate Affairs (‘MCA’) has been relentlessly striving to make the life of corporates easier by reducing the complexity of legal compliances. One such effort taken by MCA is, shifting of important e-forms to MCA V3 portal. Under this ongoing process of shifting the e-forms to new portal, MCA has shifted three
The Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘SEBI LODR’) lays down the provisions for effective corporate governance and fair disclosures by listed companies in India. On July 8, 2024, SEBI vide its SEBI LODR (Second amendment) regulation 2014 [LODR second amendment’] notified an amendment providing an option to debt-listed