Knowledge Hub - MMJC - Page 3

Background Securities and Exchange Board of India (‘SEBI’) brought major amendments to Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015 [‘SEBI PIT’] with effect from April 1. 2019. With this amendment SEBI inter-alia introduced the concept of ‘Structured Digital Database’ to track flow of unpublished price sensitive information. Maintenance of Structured

In an Initial Public Offering (IPO), the object clause serves as a window into a company’s strategic priorities. This section of the Draft Red Herring Prospectus (DRHP) reveals how a company intends to allocate the proceeds from its public offering, and it holds particular significance for both the company and potential investors. For investors, understanding

Introduction Initial Public Offerings (IPOs) are often seen as a hallmark of success and a major milestone for Small and Medium Enterprises (SMEs). SMEs often embark on the journey of becoming publicly listed companies with great optimism, envisioning increased capital, enhanced credibility, and accelerated growth. However, the reality post-listing can be fraught with challenges. However,

Introduction Securities Exchange Board of India (SEBI) had vided its amendment notification dt: May 17, 2024, amended sub-regulation (2) of Reg 3 of SEBI (Listing Obligations and Disclosures Requirements) Regulation, 2015 (‘LODR’). Regulation 3 provides for applicability of LODR to entities who have listed various types of securities. In this write up we shall check

Introduction: The Ministry of Finance had notified Foreign Exchange Management (Overseas Investment) Rules, 2022 on August 22, 2022 in suppression of Foreign Exchange Management (Transfer or Issue of Any Foreign Security) Regulations, 2004. While the significant changes brought by the new framework included dispensing off the requirement of approval for deferred payment of consideration, write

Background Secretarial Standard-1 (“SS-1”), issued by the Institute of Company Secretaries of India (“ICSI”), provides guidance on various aspects of conducting board meetings, committee and general meetings. Question arises is whether SS-1 would apply to committees of the board of directors constituted under Companies act, 2013 [‘the Act’]? Introduction Clause 1.1 of SS-1 states as

Introduction Chapter XV of the Companies Act 2013 outlines the process for mergers and amalgamations, including the rights and duties of stakeholders. According to this chapter, a scheme of compromise or arrangement is presented to the Tribunal for approval by the company, its members, creditors, or the liquidator. Upon receiving the application and necessary documents,

Introduction: Chapter XV of the Companies Act 2013 outlines the process for mergers and amalgamations, including the rights and duties of stakeholders. According to this chapter, a scheme of compromise or arrangement is presented to the Tribunal for approval by the company, its members, creditors, or the liquidator. Upon receiving the application and necessary documents,

Remittances to International Financial Services Centres (IFSCs) under the Liberalised Remittance Scheme (LRS) The Authorised Dealer(AD) Banks prior to July 10, 2024 allowed resident individuals to remit funds to IFSCs under Liberalised Remittance Scheme(LRS) for the following purposes only: Making investments in IFSCs in securities except those issued by entities/ Companies resident in India (outside