NEWSLETTERS

Home >> News & Views >> Newsletter
03 Jan 2019

The Ministry of Electronics & Information Technology of the Government of India has, on December 24, 2018, issued draft of The Information Technology (Intermediaries Guidelines (Amendment)) Rules 2018, for public consultation. Intermediary means a person who on behalf of another receives, stores or transmits electronic records like internet service providers, search engines, online marketplaces, social media, network service providers, etc.

Share This :

03 Jan 2019

SEBI had earlier allowed the promoters and large investors to offer shares through Offer for Sale Mechanism, if their shares were of the top 200 companies by Market Capitalisation. Presently, vide above circular the SEBI has opened OFS Mechanism for companies with Market Capitalisation of Rs.1000 crores and above.

Share This :

28 Dec 2018

In the recent weeks it is observed by the Hon’ble Supreme Court of India that the “operational creditors” should also be given right to be part of Committee of Creditors(the“CoC”) of the Corporate Debtor undergoing Insolvency Resolution Process under The Insolvency and Bankruptcy Code, 2016 (the “IBC”).

Share This :

12 Dec 2018

One of the serious concerns for listed Companies is to meet with the regulatory mandates in an ever-changing regulatory environment. Many-a-times regulatory changes will have drastic impact on the business itself. The recent mandate introduced by SEBI directing Large Listed Entities (please see definition below) to mandatorily raise 25% through issuance of Debt Securities vide Circular bearing no. SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018 needs an examination in this background.

Share This :

07 Dec 2018

The Food Safety and Standards Authority of India (FSSAI) under the Ministry of Health and Family Welfare, Government of India, has notified Food Safety and Standards (Advertising and Claims) Regulations 2018. This regulation is intended to establish fairness in advertisements and claims of food products and making food businesses accountable.

Share This :

04 Dec 2018

SEBI has issued this circular to address hardships faced by Securities Holders which has emerged while transferring securities in physical mode. This assumes importance in the contextof mandating transfer of securities only in dematerialised form from April 01, 2019 by SEBI.

Share This :

03 Dec 2018

The Companies (Amendment) Ordinance, 2018 (“Ordinance”) was promulgated on November 2, 2018, and it amends thirty-one provisions of the Companies Act, 2013. The amendment introduced by the Ordinance is an implementation of the recommendations made by Injeti Srinivas Committee constituted for revising penal provisions of the Companies Act, 2013 (“Act” / Principal Act”).

Share This :

28 Aug 2018

While the due date of filing Annual KYC by persons holding DIN has been extended, the following note elaborates key issues relating to the KYC requirements. As part of updating its registry, Ministry of Corporate Affairs of India (MCA) would be conducting KYC of all Directors of all companies annually through the new eform viz. DIR-3 KYC.  The following are the Key Issues relating to the Annual KYC requirements:  Click to read more.

Share This :

09 Aug 2018

The SEBI Board in its June 21st meeting considered the proposal to discontinue the category of subbroker as market intermediary. The main reason for such a proposal is that, under current regulations and the procedure prescribed by the Stock Exchanges, there is no difference between the role and functioning of a Sub-Broker and that of an Authorised Person (AP).

Share This :

02 Aug 2018

In the matter of Nirmal N. Kotecha (Misc. Application 215/2018) August 1, 2018 The applicant in this case was restrained from dealing in the securities market in an ex-parte order dated April 23, 2009. The final order dated March 22, 2018 continued the restrain for a period of 14 years from the date of the ex-parte order. This order was passed pursuant to the investigation in the matter of Pyramid Saimara Ltd.

Share This :