Clipped from: https://www.business-standard.com/article/markets/fpis-rush-to-iron-out-operational-chinks-as-t-1-deadline-looms-122021100839_1.html The investors, through their custodian banks, have reached out to clearing corporations to push the deadline for equity trade confirmations to 9 a.m.
Category: IBC-SEBI
Assuming summary toxicity: SEBI’s new norms on related party transactions norms risk being a policy overkill – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/assuming-summary-toxicity-sebis-new-norms-on-related-party-transactions-norms-risk-being-a-policy-overkill/2429770/ Research by TARI shows over 51% of the financial fraud between 2012 to 2018—investigated by regulators and resulting in indictment—have used RPTs as
Sebi comes out with new disclosure format for abridged prospectus | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/sebi-comes-out-with-new-disclosure-format-for-abridged-prospectus-122020700884_1.html Under the rules, every application form for the purchase of any securities of a company needs to be accompanied by an abridged prospectus
Simplifying disclosures | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/simplifying-disclosures-122020802053_1.html Abridged prospectus will help retail investors The Securities and Exchange Board of India (Sebi) recently issued a new circular relating to the disclosure
KKR drags Mantri Developers to NCLT over ₹145-crore dues – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/services/property-/-cstruction/kkr-drags-mantri-developers-to-nclt-over-145-crore-dues/articleshow/89230341.cmsSynopsis The US PE firm’s real estate lending arm, KKR India Asset Finance, has filed an application with NCLT to start insolvency proceedings against
CaMoney raised from capital markets more important than banks in financing revival: Economic Survey – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/indicators/money-raised-from-capital-markets-more-important-than-banks-in-financing-revival-economic-survey/articleshow/89242323.cmsSynopsis “Risk capital (i.e. money raised from capital markets) has so far been more important than the banks in providing finance to the revival,”
Borrowers now try to resolve stress early: Economic Survey talks of behavioural change – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/borrowers-now-try-to-resolve-stress-early-economic-survey-talks-of-behavioural-change/articleshow/89246328.cmsSynopsis “Distressed assets have a life cycle and their value gradually declines with time. The fact that a corporate debtor may change hands has
Buy back shares, offer good premium, repeat. Can TCS give investors risk-free return this time, too? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/prime/money-and-markets/buy-back-shares-offer-good-premium-repeat-can-tcs-give-investors-risk-free-return-this-time-too/primearticleshow/88979536.cms SynopsisThis is the fourth share buyback by TCS in five years. The latest one is the largest at INR18,000 crore. When the company
Expectations from Budget 2022 vis-a-vis insolvency law – BusinessToday
Clipped from: https://www.businesstoday.in/union-budget-2022/opinion/story/expectations-from-budget-2022-vis-a-vis-insolvency-law-320860-2022-01-30 While the signs of legislative pro-activeness may have been apparent through these five years of IBC, only time will answer these instrumental questions
NCLAT dismisses Sivasankaran’s appeal against NCLT order on liquidation of Siva Industries – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/news/nclat-dismisses-sivasankarans-appeal-against-nclt-order-on-liquidation-of-siva-industries/article64944928.ece NCLT in September ordered liquidation of Siva Industries and rejected lenders’ proposal to withdraw the company from bankruptcy proceedings The National Company Law
Winding up of schemes only after majority unitholders’ nod: Sebi | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/winding-up-of-schemes-only-after-majority-unitholders-nod-sebi-122012800058_1.html Mutual fund trustees will be required to obtain the consent of the unitholders when the majority of the trustees decide to wind up
‘Remove MAT for troubled firms under resolution’ – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/exempt-cos-admitted-by-nclt-for-resolution-from-mat-edelweiss-arc-chief/article64941378.ece Edelweiss ARC seeks level playing field vis-a-vis other stressed asset investors A company admitted by the National Company Law Tribunal (NCLT) for resolution should
BharatPe to overhaul governance after co-founder row – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/indias-bharatpe-to-overhaul-governance-after-co-founder-row-sources/article64942828.ece An independent audit will assess if BharatPe’s senior executives make proper internal disclosures about personal investments and check for conflicts. MUMBAI, January 27
DHFL case: Piramal mulls legal options as NCLAT seeks CoC to consider 63 Moons’ plea – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/piramal-enterprises-ltd-will-continue-to-pursue-the-matter-as-multiple-legal-options-available/article64942898.ece Earlier, 63 Moons had petitioned NCLAT against Piramal regarding ascribing the value of recoverable assets Piramal Enterprises Ltd on Friday said it will
Cartelisation charges: SC rejects pleas of tyre makers CEAT, MRF & others – The Financial Express
Clipped from: https://www.financialexpress.com/industry/cartelisation-charges-sc-rejects-pleas-of-tyre-makers-ceat-mrf-others/2418990/ The SC, however, said the parties can challenge the final order passed by the CCI in accordance with law. The HC had in
DHFL case: Piramal mulls legal options as NCLAT seeks CoC to consider 63 Moons’ plea – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/piramal-enterprises-ltd-will-continue-to-pursue-the-matter-as-multiple-legal-options-available/article64942898.ece Earlier, 63 Moons had petitioned NCLAT against Piramal regarding ascribing the value of recoverable assets Piramal Enterprises Ltd on Friday said it will
Why Future Group has challenged insolvency proceedings in SC | Explained News,The Indian Express
Clipped from: https://indianexpress.com/article/explained/future-retail-supreme-court-loans-insolvency-proceedings-7742454/ Future Retail has moved the Supreme Court seeking protection from being declared a defaulter for failing to pay loan dues of Rs 3,494.56
Over a third of top-500 firms yet to split chair-and-MD post – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/over-a-third-of-top-500-firms-yet-to-split-post-of-chairman-mdceo/article64940255.ece Almost half the companies yet to comply with full SEBI provisions Over a third of the top 500 companies by market cap are
Over a third of top-500 firms yet to split chair-and-MD post – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/over-a-third-of-top-500-firms-yet-to-split-post-of-chairman-mdceo/article64940255.ece Almost half the companies yet to comply with full SEBI provisions Over a third of the top 500 companies by market cap are
SC stays SAT order directing Sebi’s AO to appear before it | Business Standard News
Clipped from: https://www.business-standard.com/article/current-affairs/sc-stays-sat-order-directing-sebi-s-ao-to-appear-before-it-122012401167_1.html A bench of Justices Vineet Saran and Aniruddha Bose issued notice on an appeal filed by the Securities and Exchange Board of India
aniltikotekar4sme.com 