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October 2, 2024
SEBI Board Meeting 30 September, 2024 – Amendment relevant for entities having their Non-Convertible Securities Listed
Amendment in SEBI LODR relevant for entities having their non-convertible securities listed. Single Filing system: SEBI Board has given an in-principle approval for introduction of single filing system for listed entities to file relevant reports, documents etc. on one exchange which will be automatically disseminated at the other exchange(s). Actionable: BSE and NSE vide its
October 2, 2024
SEBI Board Meeting 30 September, 2024 – Amendment relevant for entities having their specified Securities Listed
Amendment in SEBI LODR relevant for entities having their specified securities listed: 1. Single Filing system: The SEBI Board has given an in-principle approval for introduction of single filing system for listed entities to file relevant reports, documents etc. on one exchange which will be automatically disseminated at the other exchange(s). Actionable: BSE and NSE
October 2, 2024
Change in form MSME-1 – Exhaustive disclosure framework!
Introduction: In its constant endeavour to bring ease of doing business, the Ministry of Corporate Affairs (MCA) has been in the process of shifting all the e-forms from V2 version of MCA portal to V3 version of the Portal wherein all the forms are in the format of web based forms. MCA has already shifted
October 1, 2024
Sebi board meet: Rights issue to be completed within 23 working days
Capital markets regulator SEBI has approved norms to enable faster rights issue along with the flexibility of allotment to specific investors and giving an investment opportunity to existing shareholders. Under the new norms, the rights issue should be completed in 23 working days from the date of issuer’s Board meeting approving rights issue, as against
October 1, 2024
SEBI’s new rules from November 1: UPI now mandatory for bids up to ₹5 lakh in public debt issues
The Securities and Exchange Board of India (SEBI) has introduced new rules aimed at simplifying the process of applying for public issues of debt securities. From November 1, individual investors applying through intermediaries for amounts up to ₹5 lakh will be required to use the Unified Payments Interface (UPI) for fund blocking. This decision is
October 1, 2024
Sebi okays new product bridging MF, PMS
The Securities and Exchange Board of India (SEBI) said the new investment product will be introduced under the existing mutual funds framework, after a meeting of its board in Mumbai. The new asset class will offer flexibility in portfolio construction. Makarand M. Joshi, founder MMJC & Associates, a corporate compliance firm, said Sebi’s decision to
September 26, 2024
Proposed amendment to SEBI LODR Regulations, 2015 with respect to allowing only electronic mode for payment of dividend or interest or redemption or repayment amounts
Introduction: The Securities and Exchange Board of India (‘SEBI’) recently published a Consultation Paper on September 20, 2024, proposing amendments to the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘LODR Regulations’). This amendment is focused on transitioning to a fully electronic mode of payment for dividend, interest, redemption, or repayment amounts by listed entities.
September 26, 2024
Usage of UPI by individual investors for making an application in public issue of securities through intermediaries
Introduction On September 24, 2024, the Securities and Exchange Board of India (‘SEBI’) issued a circular to streamline the application process for public issues of debt securities, non-convertible redeemable preference shares, municipal debt securities, and securitized debt instruments with that of public issue of equity shares and convertibles. The circular mandates the use of Unified
September 26, 2024
MMJC Insights
This issue of MMJC insights covers the following: Reducing Food Wastage: A Vital ESG Initiative for Companies Whether consolidation of Limited Liability Partnership [‘LLP’] is necessary? Deciphering Stock Exchange’s observation in giving NOC to draft schemes of arrangement. The Post-Listing Challenges of SMEs Overseas Investment in financial services For detailed insights – click here
September 24, 2024
Disclosure for utilization of issue proceeds for Listed Entities on NSE EMERGE
Introduction National Stock Exchange of India (‘NSE’), vide its circular dtd September 5, 2024 (‘Present Circular’) has come up with an additional disclosure requirement which has been addressed specifically to all listed entities on NSE EMERGE platform (‘Listed Entities’) listed w.e.f. April 1, 2023, onwards. The Present Circular has mentioned that every Listed Entity must