Clipped from: https://www.business-standard.com/article/companies/asian-paints-promoters-come-under-fire-for-related-party-transactions-121112400842_1.html Board failed to mitigate conflict of interest, says proxy advisory firm Ingovern The Dani family, one of the promoters of India’s largest paint
Category: IBC-SEBI
SEBI asks exchanges, depositories, clearing corps to disclose complaint data on websites – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/markets/sebi-asks-exchanges-depositories-clearing-corps-to-disclose-complaint-data-on-websites/article37662653.ece Under the disclosure, the entities will have to reveal complaints received during the month, those carried forward, and the average time taken to
Ingovern wants Asian Paints promoters removed from board – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/ingovern-wants-asian-paints-promoters-removed-from-board/article37661765.ece?homepage=true Shareholder advisor cites allegations of related-party transactions and conflict of interest Shareholder advisor firm Ingovern has sought the removal of Asian Paints (APL)
IBBI organises awareness programmes for IT Dept officers – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/ibbi-organises-awareness-programmes-for-it-dept-officers/article37573433.ece Covered deliberations on various provisions of the Code like the issues relating to moratorium, filing of claims, resolution plans, among others The Insolvency
What are the rights of shareholders in India? – The Financial Express
Clipped from: https://www.financialexpress.com/money/what-are-the-rights-of-shareholders-in-india/2373632/ When one thinks of shareholders’ rights, the concern is always about the small retail shareholder, and much less, about large institutional shareholders. Promoters
Jindal Saw likely to acquire Sathavahana Ispat under the IBC route – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/indl-goods/svs/steel/jindals-holding-company-siddeshwari-tradex-likely-to-acquire-sathavahana-ispat-under-the-ibc-route/articleshow/87834401.cmsSynopsis P R Jindal unit raises Rs 500 crore from Edelweiss managed fund, ECL at 25% IRR for 5 years to acquire distressed steel
NCLT approves decison to liquidate Sterling International Enterprises – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/nclt-approves-decison-to-liquidate-sterling-international-enterprises/article37607914.ece Sterling International Enterprises Ltd is part of the The Sandesaras group The National Compay Law Tribunal (NCLT) has given its go-ahead to liquidate
Whether CIRP Initiated can be Against A Company Strike off by ROC?–TAXGURU.IN
Clipped from: https://taxguru.in/corporate-law/cirp-initiated-strike-company-roc.html Elektrans Shipping Pte Ltd. Vs Pierre D’silva (NCLAT Delhi) Initiation of Corporate Insolvency Resolution Process (CIRP) under section 7 and 9 of the Insolvency
Pratip Chaudhuri’s arrest: A case of too many laws and too little justice – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/india/arrest-of-former-sbi-chairman-a-case-of-too-many-laws-and-too-little-justice/articleshow/87825988.cmsSynopsis “They had a warrant and told me I had to come with them and I will know about the case only after I
Tighter norms – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/opinion/editorial/sebis-view-to-regulate-ipo-proceeds-use-is-welcome-but-curbs-on-large-investors-may-not-fly/article37545718.ece SEBI’s view to regulate IPO proceeds’ use is welcome. But curbs on large investors may not fly The slew of ‘new-age’ businesses that
Primary protection | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/primary-protection-121111701489_1.html Sebi proposes tighter rules for IPOs The Securities and Exchange Board of India’s Primary Market Advisory Committee (PMAC) has released a new set
pnb housing finance: SAT allows PNB Housing Finance to withdraw appeal in Carlyle deal – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/sat-allows-pnb-housing-finance-to-withdraw-appeal-in-carlyle-deal/articleshow/87764324.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis Soon after the preference issue of shares was announced in May this year, controversy erupted with regard to the valuation of the shares
IPO: SEBI mulls 90-day lock-in for anchor investors as confidence booster – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/markets/stock-markets/ipo-sebi-mulls-90-day-lock-in-for-anchor-investors-as-confidence-booster/article37527504.ece?homepage=true Market regulator SEBI has proposed a 90-day lock-in for anchor investors. Instead of imposing this on all anchor investors, a SEBI panel suggested
The biggest mistake we made was we did not go to the bankers before going court: Hemant Kanoria – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/the-biggest-mistake-we-made-was-we-did-not-go-to-the-bankers-before-going-court/article37505131.ece?homepage=true Former promoter of SREI Group spoke on how the group companies landed in the CIRP net “In hindsight, the biggest mistake we made
T+1 settlement cycle to go long way in protecting investors: Sebi chief – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/markets/stock-markets/t1-settlement-cycle-to-go-long-way-in-protecting-investors-sebi-chief/article37498722.ece?homepage=true T+1 means that market trade-related settlements will need to be cleared within one day of the actual transactions are done The decision to
All you wanted to know about Fed’s dot plot – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/columns/slate/all-you-wanted-to-know-about/article37383122.ece The much-feared taper is finally here. The Federal Reserve on Wednesday last week announced that it will reduce its asset purchases by $15
Now, companies can have ‘differential voting rights’ – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/business-laws/now-companies-can-have-differential-voting-rights/article37269025.ece SEBI has announced the framework for public issuance of ordinary shares by issuer companies having promoters holding Superior Voting Right shares Crafted for
Investors are willing to back disruptors. Policy, regulatory environment must help unicorns to grow and flourish | The Indian Express
Clipped from: https://indianexpress.com/article/opinion/editorials/paytm-nykaa-ipo-share-market-7618759/ Investors, both private and public, are increasingly willing to back disruptors, taking a longer view. The policy/regulatory environment also needs to be conducive,
Short and sweet – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/the-road-map-for-implementing-the-t1-settlement-appears-practical-and-feasible/article37441428.ece?homepage=true The road-map for implementing the T+1 settlement appears practical and feasible It is heartening to note that market infrastructure institutions — including stock
‘Permissible unless prohibited’ is the position of the law – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/business-laws/permissible-unless-prohibited-is-the-position-of-the-law/article36813086.ece National Company Law Tribunal allowing conversion of equity shares into preference shares is laudable Paving way for corporates to give structured exit to