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Knowledge Hub - MMJC - Page 29
May 18, 2023
Centre announces 60-day time limit for approval of mergers!
In a bid to expedite mergers, MCA announces a 60-day time limit for approval of mergers or amalgamations. “The amendment will improve the disposal rate of fast-track mergers and in turn, facilitate ease of doing business as it prescribes a time frame of a maximum of 60 days for the Regional Director under the MCA
May 15, 2023
MMJC Insights
MMJC insights issue dated 15 May, 2023 consists of following: Index Sr. No Particulars MCA Corner 1. Introduction of C-Pace Restructuring 2. Withdrawal of the scheme of merger and ultimate exercising authority SEBI Corner 3. High Value Debt Listed Entities: Anomalies for Disclosures in Annual Report 4. Introduction of Legal Entity Identifier (LEI) for issuers
May 4, 2023
SEBI Bars Karvy Stock Exchange
The Securities and Exchange Board of India (Sebi) has barred Karvy Stock Broking (KSBL) and its chairman from accessing the securities market for seven years in a final order issued by SEBI. Alongwith Chairman – Independent directors – have been similarly restrained for two years and have been asked to pay a penalty of Rs 5 lakh
May 1, 2023
MMJC insights dated 1 May, 2023
This issue of MMJC insights covers the following: Sr. No Particulars SEBI Corner 1 Balancing Act: The Importance of Insider Trading Regulations in promoting Fairness and Prosperity. 2 FAQS on SEBI PIT Regulations 3 Need and Relevance of ‘Omnibus Approval’ in case of Related Party Transactions 4 ROC faces brunt for not approving e-form in
April 30, 2023
CTC Publications – April
The April edition of the Chamber of Tax Consultants covers the following: Adjudication Order in the Matter of Anbronica Technologies Private Limited dated 1 March 2023, ROC – Delhi Calcutta High Court order – In the matter of Surendra Kumar Singhi (Petitioner) vs. Registrar of Companies, West Bengal (Respondent) dated 20 January 2023. Adjudication order
April 19, 2023
Strike off finally centralized and zoomed up!
Introduction As we are all aware, Ministry of Corporate Affairs [MCA] is in the process of easing the compliances with the help of technology. Also efforts are being made to automate the process of form verification by ROC in order to reduce the time taken for completion of processes. The latest of such initiatives is
April 17, 2023
ZEE insider trading: Punit Goenka pays Rs 50 lakh to settle case
Mr. Punit Goenka MD & CEO of ZEEL was alleged that he has failed to put in place adequate internal controls within the company to identify UPSI and failed to identify the said information as UPSI. Makarand Joshi, founder Partner of #MMJC Commented – “So far, it has been observed that SEBI has been initiating legal actions
April 17, 2023
MMJC Insights
This issue of MMJC insights covers the following: Sr. No Particulars MCA Corner 1 Registrar of Companies on Enforcement mode? 2 Purpose and Effect of obtaining disclosure in Form MBP-1 3 ROC orders for violation of section 134 (3) (Board’s Report) of the Act IBC Corner 4 An unsuccessful resolution applicant has no locus standi
April 6, 2023
FAQs on Prohibition of Insider Trading
FAQs on Prohibition of Insider Trading: With an objective to provide greater clarity on several concepts related to the SEBI (PIT) Regulations, 2015, as also to shed more light on the nuances of various requirements of the regulations, SEBI has issued comprehensive Frequently Asked Questions (FAQs) on April 29, 2021, which consolidated all the FAQs
April 1, 2023
MMJC Insights
This Issue of MMJC Insights covers the following: Sr. No Particulars SEBI Corner 1. Additional affirmations by Practicing Company Secretaries (PCS) in Annual Secretarial Compliance Report (‘ASCR’) 2. Manner of filing financial results as required under regulation 33 of SEBI (LODR) Regulations, 2015 3. Common and simplified norms for processing investor’s service requests by RTA’s