PROPOSED CHANGES TO RISK MANAGEMENT COMMITTEE

Authored by Praveen Pandian Earlier in December 2020, SEBI had issued a consultation paper regarding Risk Management Committee which we had summarized here. SEBI at its Board Meeting dated 25th March 2021 approved the following amendments to SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 in relation to applicability, constitution and role of the Risk … Read more

ANNUAL SECRETARIAL COMPLIANCE REPORT

Authored by Aishwarya Lakshmi V.M Background: As per Regulation 24A of SEBI (LODR) Regulations, 2015, every listed entity and its material unlisted subsidiaries shall undertake secretarial audit and annex with its annual report, a secretarial audit report given by a company secretary in practice. As per SEBI Circular No.CIR/CFD/CMD1/27/2019 dated February 08th 2019, the annual … Read more

AMENDMENTS TO ANNUAL RETURN UNDER COMPANIES ACT

Authored by Praveen Pandian Brief Background on Annual Return under Companies Act, 2013: An annual return is a yearly return to be filed by all the companies with the Registrar of Companies, certifying the compliances with the provisions of companies act and in which the companies are required to make detailed disclosures such as details … Read more

CAN AN OFFER FOR BUY BACK BE WITHDRAWN?

Authored by Aishwarya Lakshmi VM In the matter of: Thomas Cook (India) Limited Date of the order: 11.02.2021. Provisions involved (a) Regulation 28 of SEBI (Buy Back of Securities) Regulations, 2018.[i] (b) Regulation 24(i)(d) of SEBI (Buy Back of Securities) Regulations, 2018.[ii] (c) Regulation 5(ii) of SEBI (Buy Back of Securities) Regulations, 2018.[iii] (d) Sections … Read more

SEBI INFORMAL GUIDANCE- PURCHASE AND SALE OF SHARES INTER SE INSIDERS DURING CLOSURE OF TRADING WINDOW

Authored by Praveen Pandian Applicant: KCP Limited. Date of the Guidance: 08.02.2021. Factual Background: 1. KCP Limited (hereinafter referred to as Applicant) is a Public Limited Company, whose equity shares are listed on National Stock Exchange and permitted to trade on BSE Ltd. 2. Jeypore Sugar Co Limited (hereinafter referred to as JSCL) (now in … Read more

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