Authored by Adit N Bhuva & Praveen Pandian 1. Board Meeting- Minimum gap between two Board meetings: Ministry of Corporate Affairs (MCA) had vide its General Circulars dated 03rd May 2021 extended the gap for conducting Board Meetings as specified under section 173 of Companies Act, 2013 by a period of sixty days (60 days) … Read more
Authored by Padma Akila DATE(S) OF ORDER: 15th April 2021 PURPORTED CONTRAVENTION COMMITTED: One of the directors of the Company traded in its scrip during the window closure period without taking pre-clearance for executing trades, leading to violation of Cl. 4.2.2 and 4.3.1 of Code of Conduct for Prevention of Insider Trading (COC) of the … Read more
Authored by Aishwarya Lakshmi V.M In the matter of: Money Booster
Authored by Aishwarya Lakshmi V.M. Applicant: PayTM Money Limited Date of the guidance: 09.04.2021 Factual Background: 1. The Applicant is a non-individual SEBI registered Investment Adviser and is also carrying on the business of stock broking and depository participant. 2. The Applicant also offers execution services to its clients inter alia including Asset Management Companies … Read more
Authored by Adit Bhuva We had in our article, discussed the SEBI
Authored by Adit Bhuva BACKGROUND: In 2015, the regulatory framework for Institutional Trading Platform (ITP) was put in place vide amendment to SEBI (Issue of Capital and Disclosure Requirement) Regulations, 2009, (
Authored by Padma Akila Recent growth in the startup sector, with the local modern ventures going overseas, the government through the Department for Promotion of Industry and Internal Trade (DPIIT), had made startup friendly amendments to the various intellectual property rules. In our previous articles we had summarized the amendments featuring provisions and rules for … Read more
Authored by Padma Akila In our earlier article we had summarised the decision of the AO in the WhatsApp leak case wherein the financial results of companies like Bata India Limited, Asian Paints Limited, Mindtree Limited & Wipro Limited among others were forwarded through WhatsApp by certain individuals (
Authored by Aishwarya Lakshmi V.M SEBI at its action-packed Board Meeting held on 25th March 2021 approved several changes to the securities law regime in India. One of the crucial regulations within the domain of SEBI is the SEBI (Listing Obligation and Disclosure Requirement) Regulations, 2015 [hereinafter, LODR]. With a view to maintain consistency throughout … Read more
Authored by Aishwarya Lakshmi V.M In our earlier article on the consultation paper circulated by SEBI for re-classification of promoters, we had outlined the changes that SEBI had proposed in it. At its action-packed Board Meeting held on 25th March 2021, the mater relating to this was tabled, and SEBI has approved certain amendments based … Read more
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