Newsletter - MMJC

The Securities and Exchange Board of India (SEBI) continues to strengthen investor protection in the Indian securities market. SEBI circulars issued on May 07, 2024 (Master Circular for RTAs ) and May 14, 2025 (Investor Charter for RTAs ) highlight SEBI’s ongoing commitment to enhancing transparency, efficiency, and grievance redressal mechanisms for investors dealing with

Introduction This newsletter summarizes informal guidance from SEBI regarding the interpretation of “material pecuniary relationship” under Regulation 16(1)(b)(iv) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (LODR Regulations). The guidance was provided in response to a query from InfoBeans Technologies Limited concerning an independent director’s consultancy arrangement with a US-based subsidiary Background of

Introduction: This newsletter summarizes key points from a recent informal guidance letter issued by the Securities and Exchange Board of India (SEBI) regarding the interpretation of the SEBI (Prohibition of Insider Trading) Regulations, 2015 (PIT Regulations. The guidance was provided in response to a request from Century Plyboards (India) Limited, a company whose equity shares

Background Securities and Exchange Board of India (Prohibition of Insider Trading), regulations, 2015 [‘PIT’] vide its amendment notification dt: March 12, 2025, amended the definition of ‘Unpublished Price Sensitive Information’ as per reg. 2(1)(n) of PIT [‘UPSI’]. Post this amendment events that are ordinarily considered as UPSI have increased from five events to sixteen events.

The Securities and Exchange Board of India (SEBI) has issued a consultation paper on April 30, 2025, proposing a major amendment to the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (ICDR Regulations).Making it mandatory for a wider group of pre-IPO shareholders to convert their physical shares into electronic (demat) form before the company

Introduction In the journey of the Initial Public Offering (IPO) once the Draft offer Document is filed with the Stock Exchanges and Securities and Exchange Board of India (SEBI) it starts the continuous phase of disclosure. Under the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (ICDR Regulations), companies preparing for an IPO must

Securities and Exchange Board of India (‘SEBI’) vide its amendments notification dt: March 27, 2025, amended Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (amendment) Regulations, 2025 [LODR amendment’]. LODR amendment is effective immediately for High Value Debt Listed Entity [‘HVDLE’] (i.e. entities only having their principal outstanding non-convertible debt securities of 

Background The Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements) regulations, 2015 (‘SEBI LODR’) were amended with effect from 27th March 2025, vide SEBI LODR amendment regulations 2025 [‘LODR amendment’]. LODR amendment revamped provisions relating to High Value Debt Listed Entities (‘HVDLE’). HVDLE is an entity which has principal value of listed

Securities and Exchange Board of India (‘SEBI’) vide its amendment notification Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Amendment) Regulations, 2025 [‘LODR amendment’] dt: March 27, 2025, notified provisions for High Value Debt Listed Entities [‘HVDLE’]. HVDLE means an entity who has its listed non-convertible debt securities listed on a recognized

Section 133 of the Companies Act 2013 (‘the Act’) authorises the Ministry of Corporate Affairs (‘MCA’) in consultation with National Financial Reporting Authority (‘NFRA’) to prescribe the accounting standards to be followed by companies while preparing the financial statements. Accordingly, MCA had notified accounting standards prescribed by the Institute of Chartered Accountants of India (‘ICAI’)on 7th December 2009and