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Knowledge Hub - MMJC
May 2, 2024
MMJC Insights
The MMJC insights dated 30 April, 2024 covers the following: The Power of Writs: Protecting Rights under the Indian Constitution and Companies Act 2013 Restriction on transferability of shares – How far reasonable? Deciphering Stamp Duty: Analyzing the Supreme Court’s Verdict on Share Capital Augmentation The case within the CIRP that illustrates the contrast between
April 25, 2024
Unraveling Electoral Bonds: Legal Implications of the Supreme Court’s Judgment
Introduction: The constitutional validity of Electoral Bond scheme and the amendments made by Finance Act, 2017 to relevant laws were challenged before the Hon’able Supreme Court of India. After hearing all the concerned parties including the Government of India and the State Bank of India who was authorized to issue electoral bonds, the Hon’able Supreme
April 16, 2024
MMJC Insights
This issue of MMJC insights covers the following: BSE and NSE mandates updation of corporate groups by listed companies. Whether ex-promoter/directors are eligible to submit a Resolution Plan under Section 29A of the IBC if no disqualification is attached? In the matter of Vishram Narayan Panchpor – Resolution Professional of Blue Frog Media Private Limited/Appellant
March 20, 2024
MMJC Insights
This issue of MMJC Insights covers the News Updates and Amendments for the months of February and March. It also includes the following articles: Aligning Sustainable Development Goals and Corporate Social Responsibility in India The Double-Edged Sword of Excessive Innovation: The Rise of ESG Warning letter or caution letter issued by SEBI – An Analysis
March 19, 2024
Deciphering the start date of UPSI: Navigating the variations
Introduction Securities and Exchange Board of India (Prohibition of Insider Trading), Regulations 2015 [‘PIT 2015’] defines ‘Unpublished Price Sensitive Information (UPSI)’ as follows: Unpublished Price Sensitive Information means any information relating to company or its securities that is not generally available which upon becoming generally available is likely to materially affect the price of securities
March 16, 2024
Navigating the Regulatory Landscape: Harmonizing provisions of SEBI (LODR) and Section 42A of Arbitration and Conciliation Act, 1996
Introduction: Para B, Part A, of Scheule III of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘LODR Regulations’) listed companies are required to disclose to the stock exchanges about the ‘Pendency of any litigation (s) or dispute (s) or the outcome thereof which may have an impact on the
March 12, 2024
Can a Private Limited Company do a Treasury
Buy Back of Shares?
Treasury buy back is a kind of buy back in which the shares although purchased (bought back) by the issuing company, are not extinguished and are retained with an idea to sell it at an opportune time. Section 67 of Companies Act, 2013 (“the Act”) puts a prohibition on company to purchase its own shares.
March 12, 2024
Upholding Corporate Integrity: The Evolution of Independent Directors’ Accountability
In a recent regulatory development, the Securities and Exchange Board of India (SEBI) introduced an amendment aimed at bolstering corporate governance by enhancing the accountability of independent directors (IDs). This crucial change mandates that when an independent director resigns, they must provide a resignation letter explicitly stating the reasons for the exit, with a stipulation
February 20, 2024
MMJC Insights
This issue of MMJC Insights covers the latest amendments/news and the following articles: From Physical to Digital: Rule 9B and the Dematerialization of Securities of Private Companies The Comprehensive Role of Merchant Bankers in the IPO Process: A Project Management Perspective SEBI’s Insider Trading Combat: Navigating the Terrain of the Structured Digital Database Transitioning to
February 13, 2024
Implementation of Regulation 37A – SEBI
(Listing Obligation and Disclosure
Requirements) Regulations, 2015
Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015 inserted regulation 37A with effect from June 15, 2023. Regulation 37A provides for compliances to be done by a listed company while carrying out sale, lease, or disposal of an undertaking outside scheme of arrangement. Section 180(1)(a) of Companies Act, 2013 also