MMJC Insights - MMJC

This issue of MMJC insights covers the following Amendments:

1. Amendment to SEBI – Prohibition of Insider Trading Regulations
2. Amendment in SEBI – Substantial Acquisition of Shares and Takeovers Regulations
3. Amendment to SEBI – LODR regulations
4. Amendments to SEBI – Issue of Capital and Disclosure Requirements Regulation
5. Amendment introduced in Insolvency Resolution Process and Liquidation Process.

Case laws discussed:

1. Non-compliances and irregularities or any illegal act already committed by the company cannot be ratified under the umbrella of “Scheme of Arrangements” as envisaged under Section 230-232 of the Companies Act, 2013
2. In the matter of Ashique Ponnamparambath (the Appellant) Suspended Director of the Corporate Debtor,  M/s Platino Classic Motors (India) Pvt Ltd  Vs. The Federal Bank Limited (Respondent) order passed by the National Company Law Tribunal (NCLAT) Chennai dated 19^th July, 2021

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