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August 21, 2024
Securities and Exchange Board of India’s Consultation Paper on streamlining the process and reduction in timelines of Bonus Issue (enabling T+2 trading of shares where T being record date)
Securities Exchange Board of India (‘SEBI’) vide its circular dtd August 5,2024 has come up with Consultation Paper proposing to streamline and reduce timelines of bonus issue enabling T+2 trading of shares post record date (T Day). Existing provision: Presently, as per regulation 295(1) of SEBI (Issue of Capital and disclosure requirement) (‘ICDR’) regulation 2018
August 20, 2024
MMJC Insights
This issue of MMJC insights covers the following: Scrutiny of Compliance with Accounting Standards by Registrar of Companies. Material Related Party Transactions – Proxy advisory perspective of Disclosure and legal concerns Material Related Party Transactions – Proxy Advisory perspective of Governance concerns The Vital Role of Company Secretaries in Championing ESG Compliance “FIT & PROPER”
August 10, 2024
Limited Liability Partnership’s Exit now shifted to Centre for Processing Accelerated Corporate Exit (CPACE)
Introduction: One among the multiple objectives of adopting technology by Ministry of Corporate Affairs (MCA) is, to reduce human intervention in the process and make it smoother and more efficient. One step taken in this regard by MCA is introduction of CPACE for processing the strike off applications of the companies. MCA has now given
August 10, 2024
Companies (Adjudication of Penalties) Amendment Rules, 2024 – effective from September 16, 2024
Introduction: One important tool for Government of India in bringing ease of doing business is leveraging technology. Government of India has been working hard to bring in technology to reduce human intervention and speed up processes that are vital for smooth functioning of businesses. One such initiative was introduction of e-adjudication mechanism for adjudicating cases
August 4, 2024
MMJC Insights
The MMJC insights issue dated 31 July 2024 covers the following: Importance of ESG Reporting for Organizations: Driving Sustainable Success Navigating the Challenges of ESG Reporting for Companies Disclosure of Senior Management – Annual Report 23-24. Appointment of Executive directors and approval of their remuneration – Proxy advisory perspective The Compliance Officer’s Role: Upholding the
July 31, 2024
Consultation Paper on proposed amendments SEBI PIT Regulations to rationalize the scope of the expression ‘connected person’, while not increasing compliance requirements
Consultation Paper on proposed amendments to the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015 to rationalize the scope of the expression ‘connected person’, while not increasing compliance requirements The Securities and Exchange Board of India (‘SEBI’) via consultation paper dtd July 29,2024 has proposed amendments to the Securities and Exchange
July 23, 2024
Budget 2024 skips review of the 45-day payment rule for MSMEs
Union Budget 2024: Even as the Union Budget 2024-25 announced a slew of measures aimed at boosting micro, small and medium enterprises, it gave a miss to an expected review of the new rule that mandates payments to these businesses within 45 days of receiving the good or service. “It is a welcome move for
July 22, 2024
“FIT & PROPER” Impact on Scheme of Mergers & Demergers
Introduction Scheme of mergers, demergers, and various other arrangements (herein after “Corporate Restructuring”) involving listed entities are seen increasing at a greater pace in recent times. Listed entities involved in scheme of arrangement have to seek No Objection letter from stock exchanges[i]. Corporate Restructuring involving listed entities which are SEBI Registered Intermediaries and certain individuals
July 19, 2024
Changes in forms MGT-6 and BEN-2 – An overview
Introduction. The Ministry of Corporate Affairs (‘MCA’) has been relentlessly striving to make the life of corporates easier by reducing the complexity of legal compliances. One such effort taken by MCA is, shifting of important e-forms to MCA V3 portal. Under this ongoing process of shifting the e-forms to new portal, MCA has shifted three
July 19, 2024
Debt listed Companies now allowed to Publish the financial results As QR Code
The Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘SEBI LODR’) lays down the provisions for effective corporate governance and fair disclosures by listed companies in India. On July 8, 2024, SEBI vide its SEBI LODR (Second amendment) regulation 2014 [LODR second amendment’] notified an amendment providing an option to debt-listed