April, 2025 - MMJC - Page 3

Background Securities and Exchange Board of India (‘SEBI’) brought major amendments to Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015 [‘SEBI PIT’] with effect from April 1. 2019. With this amendment SEBI inter-alia introduced the concept of ‘Structured Digital Database’ to track flow of unpublished price sensitive information. Maintenance of Structured

In an Initial Public Offering (IPO), the object clause serves as a window into a company’s strategic priorities. This section of the Draft Red Herring Prospectus (DRHP) reveals how a company intends to allocate the proceeds from its public offering, and it holds particular significance for both the company and potential investors. For investors, understanding

Introduction Initial Public Offerings (IPOs) are often seen as a hallmark of success and a major milestone for Small and Medium Enterprises (SMEs). SMEs often embark on the journey of becoming publicly listed companies with great optimism, envisioning increased capital, enhanced credibility, and accelerated growth. However, the reality post-listing can be fraught with challenges. However,

Introduction Securities Exchange Board of India (SEBI) had vided its amendment notification dt: May 17, 2024, amended sub-regulation (2) of Reg 3 of SEBI (Listing Obligations and Disclosures Requirements) Regulation, 2015 (‘LODR’). Regulation 3 provides for applicability of LODR to entities who have listed various types of securities. In this write up we shall check