Newsletter - MMJC - Page 14

Introduction: As per clause (b) of second proviso to sub-regulation (2) of regulation 23 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements), Regulations 2015 [‘SEBI LODR’], “related party transaction to which the subsidiary of a listed entity is a party but the listed entity is not a party, shall require prior

Object of the Issue: Commitment to purpose When companies raise funds through an Initial Public Offering (IPO) or other public issuance, they commit to specific goals for the use of these funds, known as the “Objects of the Issue.” According to Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) regulations, 2018

Introduction Para B, Part A, of Scheule III of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘LODR Regulations’) listed companies are required to disclose to the stock exchanges about the ‘Pendency of any litigation (s) or dispute (s) or the outcome thereof which may have an impact on the

Introduction: Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015 [‘PIT 2015’] mandates closure of trading window. Point 4 of Schedule B of PIT 2015 casts a responsibility on the compliance officer to close the trading window when he is of the opinion that designated persons are reasonably expected to have access

In the dynamic landscape of financial markets, integrity and transparency stand as linchpins. Guarding against unethical practices like insider trading remains a top priority for regulatory bodies worldwide. In India, the Securities and Exchange Board (SEBI) embarked on a transformative journey five years ago, unleashing a Structural Digital Database (SDD) aimed at severing the threads

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