Newsletter - MMJC - Page 14

Introduction: Regulation 30 of the Securities Exchange Board of India (Listing Obligation and Disclosure Requirement), Regulations, 2015 (‘SEBI LODR’) read with Schedule III of SEBI LODR provides for disclosure of events or information by listed entities to stock exchanges. This regulation casts responsibility on the listed entities to make disclosures of any event or information

Securities and Exchange Board of India [‘SEBI’] vide its circular dt: December 31, 2024 notified norms for implementation of recommendations of expert committee for facilitating ease of doing business. Following are brief points notified by SEBI in this regard: Integrated Filing: SEBI has notified norms for Integrated Filing of financials and Governance. Integrated Filing Financials

Evolution of UPSI: The definition of Unpublished Price Sensitive Information (UPSI) under SEBI’s regulations has evolved significantly to enhance sensitivity about price sensitive information and prohibition of insider trading. As per the Securities and Exchange Board of India (SEBI) Prohibition of Insider Trading Regulations, (PIT) 2015, UPSI initially covered material events in accordance with the

Securities and Exchange Board of India (SEBI) reviewed the Small and Medium Enterprises (SME) framework under SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 [‘ICDR’], and applicability of corporate  governance  provisions  under  SEBI  (Listing Obligations and Disclosure Requirements) Regulations, 2015 [‘LODR’] on SME companies and gave an in-principle approval for amendments to the ICDR

In the latest third amendment of FY 25 to LODR, several important changes have been introduced to strengthen corporate governance, better transparency norms, and streamline processes for equity listed entities in India. These initiatives, put forward by SEBI also aim to improve ease of doing compliance while warranting better participation of Board and Key Managerial personnel. Here’s a look at the impact of key changes in LODR read

Introduction The Bombay Stock Exchange (‘BSE’) and National Stock Exchange (‘NSE’) has introduced a streamlined process to refund 1% security deposit kept with the Designated Stock Exchange (DSE) by companies whose IPOs got listed before May 18, 2024. This new Joint Standard Operating Procedure (SOP) is issued pursuant to circular of Securities and Exchange Board

Securities and Exchange Board of India (‘SEBI’) vide its amendment notification dt: December 4, 2024, has made effective amendment to definition of Connected Person as approved by the SEBI Board at its meeting held on September 30, 2024. Pursuant to this amendment ‘relatives’ of connected persons would be considered deemed connected persons. Prior to the

BSE has introduced detailed guidelines to merchant bankers for drafting SME IPO offer document to ensure transparency, compliance, and investor protection. These updates are designed to simplify the process and improve the quality of disclosures, making it easier for investors to make informed decisions. Effective from 18 November, 2024 Here’s everything you need to know

Introduction This Guidance Note has been prepared to assist merchant bankers in the preparation and submission of offer documents for SME Initial Public Offerings (IPOs). The guidance provided herein outlines the key regulatory requirements, compliance standards, and best practices that merchant bankers must adhere to when preparing the offer documents. It aims to help ensure

Date: December 5, 2024 The Securities and Exchange Board of India (SEBI) has rolled out a significant initiative to simplify how Merchant Bankers handle their due diligence records during public issues. To ensure smoother record maintenance, SEBI is introducing an online Document Repository platform managed by stock exchanges. This platform allows Merchant Bankers to upload