MMJC insights dated 1 May, 2023

May 1, 2023

This issue of MMJC insights covers the following:

Sr. NoParticulars
SEBI Corner
 1Balancing Act: The Importance of Insider Trading Regulations in promoting Fairness and Prosperity.
 2FAQS on SEBI PIT Regulations
 3Need and Relevance of ‘Omnibus Approval’ in case of Related Party Transactions
 4ROC faces brunt for not approving e-form in time
IBC Corner
 5Minority Debenture Holders can invoke necessary action/remedy against the Corporate Debtor in case of any event of default without waiting for any action initiated by the Majority Debenture Holder and the Debenture Trustee.   In the matter of Clearwater Capital Partners Singapore Fund IV Private Limited and Anr – Appellants vs Rajesh Estates and Nirman Private Limited – Respondent at National Company Law Tribunal (NCLT) Mumbai dated 24th March 2023.

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