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Introduction:SEBI has released a Consultation Paper proposing changes to the ICDR Regulations, 2018, and the SBEB & SE Regulations, 2021. The objective is to streamline the IPO process, clarify ESOP rules for startup founders, and ensure regulatory consistency. These changes will significantly impact how IPO-bound companies navigate regulatory compliance and corporate governance. Let’s break down

Industry Standards Forum (‘ISF’) has clarified on the applicability of Related Party Transactions’ [‘ISF RPT Standards’] for approval of related party transactions that have been taken or would be taken from audit committee or shareholders for transactions commencing or continuing beyond April 1, 2025. This clarification is notified by Bombay Stock Exchange and National Stock

Introduction The Securities and Exchange Board of India (SEBI) introduced significant amendments to the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations,2015 (LODR) on December 12, 2024 [‘LODR third amendment’]. This article provides as to how companies should align their annual general meeting notice and annual report disclosure from April 1,

In a significant move to strengthen the SME IPO ecosystem, the Securities and Exchange Board of India (SEBI) has rolled out major amendments to the SME IPO framework under the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (ICDR). These changes come after a consultation paper was released on November 19, 2024, followed by

Background: Securities and Exchange Board of India (‘SEBI’) vide its consultation paper dt: May 18, 2023, and November 9, 2024, had proposed to align definition of Unpublished Price Sensitive Information (‘UPSI’) with list of material events / information as per schedule III of SEBI (Listing Obligations and Disclosure Requirements) regulation, 2015 [‘SEBI LODR’]. SEBI in

Background:The Industry Standards on “Minimum information to be provided for Review of the Audit Committee and Shareholdersfor Approval of a Related Party Transaction (RPT)” (‘RPT Industry Standards‘) released by SEBI vide its circulardated February 14, 2025 revamps the minimum information required to be placed before the audit committee andshareholders, wherever required, for approval of a

Introduction Schemes of mergers, demergers, and various other arrangements (hereinafter “Corporate Restructuring”) involving listed entities have been seen increasing at a greater pace in recent times. Listed entities involved in the scheme of arrangement have to seek a No Objection letter from stock exchanges1. Corporate Restructuring involving listed entities, SEBI Registered Intermediaries, and certain individuals