MMJC Insights - MMJC

MMJC insights dated 20 July, 2023 covers the following:

1. Is that True? Verification of Market Rumours made Mandatory.
2. Press Releases to Stock Exchange– Whether material information? Whether UPSI?
3. Understanding SEBI’s Material Event Thresholds: Enhancing Disclosure Standards for Market Integrity
4. In the matter of CG Power and Industrial Solutions Limited – Adjudication order dated April 20,2023
5. Order of the ROC, Gujarat, Dadra & Nagar Haveli dated April 28, 2023  In the matter of M/s. Sun Pharmaceutical Industries Limited
6. Non-constitution of Nomination & Remuneration committee; ROC penalizes MD and exonerates CS – Order of ROC, RoC Delhi, dated June 27, 2023 In the matter of PTC Financial Services Limited
7. Failure to allot the shares or refund monies against the money deposited towards purchase of shares is a financial debt under IBC? In the matter of Katepalli Venkateswara Rao (Petitioner) Vs. M/s Bio Green Papers Ltd (Respondent) in the order passed by National Company Law tribunal (NCLT) Hyderabad Bench dated May 30, 2023
8. Ministry of Finance (MOF) pulls reins on International Credit Card Use under LRS back peddled.

For detailed insights – please follow the link:

https://www.mmjc.in/wp-content/uploads/2023/08/MMJC-Insights-20-July.pdf