MMJC INSIGHTS - MMJC

This issue of MMJC insights covers the following:

1. Insider Trading Post-Resignation: SEBI regulations mandate maintaining updated contact details of designated persons post-resignation for one year. Companies should track any insider trades involving unpublished price-sensitive information (UPSI).
2. UPSI Start Date in Fundraising: UPSI begins when fund-raising activity gains substantial probability and material information arises, as interpreted in SEBI adjudications for Shalimar Paints and DEN Networks.
3. MOA Compliance: Companies must align business activities with their Memorandum of Association (MOA). Deviations, as seen in Aegis Lifesciences and Eveready Industries cases, can lead to penalties.
4. FEMA Compounding Powers: RBI handles contraventions under FEMA, with compounding authority delegated based on the monetary scope and nature of violations.
5. Diversity and Gender Equality: Emphasis on gender parity in “Viksit Bharat” vision, fostering diversity and inclusion. Corporate initiatives like BRSR reporting and participation in the Bloomberg Gender Equality Index signify progress.

The issue also covers Media comments shared by our Partner – Mr. Makarand Joshi and other news updates/ amendments.

For detailed insights click here.