MMJC insights dated 31 July, 2023 covers the following: MCA starts enforcement for Register of Contracts or Arrangements (MBP-4) miss-outs. ECB from Land Border Sharing Companies Extending framework for restricting trading by Designated Persons (“DPs”) by freezing PAN at security level to all listed companies in a phased manner Search and Seizure of records of
To enable investors to make well-informed investment decisions, timely, adequate, and accurate disclosure of information on an ongoing basis is of utmost importance. Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (hereinafter referred to as “LODR Regulations” or “LODR”), requires listed entities to disclose material events or information to the stock exchanges. The
Background: Generally speaking, verification of reported events or information which may have material effect on the listed entity is essential to avoid establishment of a false market sentiment or impact on the securities of the entity. In recent years, a growing influence on market sentiments is being noticed of not just print media, but also
Background: Regulation 30(1) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements), Regulations, 2015 [‘LODR Regulations’] requires listed entities to disclose material information to stock exchanges. Regulation 30(4) states the criteria that listed entities should see to determine what would be considered as material information /event. Earlier barring certain events / information
MMJC insights dated 20 July, 2023 covers the following: Is that True? Verification of Market Rumours made Mandatory. Press Releases to Stock Exchange– Whether material information? Whether UPSI? Understanding SEBI’s Material Event Thresholds: Enhancing Disclosure Standards for Market Integrity In the matter of CG Power and Industrial Solutions Limited – Adjudication order dated April 20,2023
Many times, we come across agreements or contracts that do not provide for confidentiality clauses. Does this mean that the Parties to the agreement are not bound to protect the secrecy of the agreement? The principle of breach of confidence can rescue the aggrieved party in such untoward situations. This write-up expounds on this principle
The June edition of the Chambers of Tax Consultants covers the following: Adjudication Order of the ROC, Gujarat, Dadra & Nagar Haveli In the matter of M/s. Sun Pharmaceutical Industries Limited dated 28 April, 2023 Adjudication order of SEBI in the matter of CG Power and Industrial Solutions Limited dated 20 April, 2023 Supreme Court
This edition of MMJC insights dated 30 June, 2023 covers the following: SEBI notifies Annual Secretarial Compliance Report for Investment Managers of Infrastructure Investment Trusts (InvITs) SEBI notifies Compliance Report on Governance for Investment Managers of Infrastructure Investment Trusts (InvITs) SEBI Circular on online processing of investor service requests and complaints by Registrar and Transfer
Introduction Stock exchanges play a crucial role in ensuring the fair and efficient functioning of capital markets. One important aspect of their responsibility is reviewing and approving schemes of arrangement proposed by companies. These schemes, often designed to facilitate corporate restructuring, mergers, acquisitions, and other significant changes in a company’s corporate structure. In addition to
This issue of MMJC insights dated 15 June, 2023 covers the following: Informal Guidance in the context of Related Party Transactions under SEBI LODR, Regulations 2015. Informal Guidance by Securities and Exchange Board of India on continuous applicability of provisions of Corporate Governance in the context of applicability of Business Responsibility and Sustainability Reporting Whether