Clipped from: https://www.business-standard.com/article/economy-policy/a-quick-look-into-sebi-s-fresh-push-to-crackdown-on-insider-trading-121072701358_1.html?utm_source=Spotlight&utm_medium=website&utm_campaign=Premium_11072018 The market regulator recently raised the reward for providing credible information that leads to prosecution from Rs 1 crore to Rs 10 crore
Category: IBC-SEBI
Sebi chief Ajay Tyagi slams India Inc over poor disclosure standards | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/sebi-chief-ajay-tyagi-slams-india-inc-over-poor-disclosure-standards-121072801556_1.html Tyagi says the market regulator is examining free float in listed companies Ajay Tyagi, Chairman, Sebi The Securities and Exchange Board of India
Changes to DICGC Act: Deposit insurance cover gets stronger – The Financial Express
Clipped from: https://www.financialexpress.com/economy/changes-to-dicgc-act-deposit-insurance-cover-gets-stronger/2299587/ Customers to have access to deposits in 90 days if a bank goes bust; start-ups to benefit as a dozen offences by LLPs
NCLAT to hear FD holders’ plea in DHFL resolution case on Sept 16 – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/nclat-to-hear-fd-holders-plea-in-dhfl-resolution-case-on-sept-16/article35560086.ece Petitioners plan to move SC for interim protection The National Company Law Appellate Tribunal (NCLAT) has refused to grant a stay on the
Decoded: What is prepackaged insolvency resolution & how does process work? | Business Standard News
Clipped from: https://www.business-standard.com/article/specials/decoded-what-is-prepackaged-insolvency-resolution-how-does-process-work-121072701762_1.html The prepackage process for resolution has been popular in Europe and the US over the past decade To be eligible, a company must
A quick look into Sebi’s fresh push to crackdown on insider trading | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/a-quick-look-into-sebi-s-fresh-push-to-crackdown-on-insider-trading-121072701358_1.html The market regulator recently raised the reward for providing credible information that leads to prosecution from Rs 1 crore to Rs 10 crore
Sebi asks for ultimate beneficial owners’ information in Adani firms | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/sebi-asks-for-ultimate-beneficial-owners-information-in-adani-firms-121072800007_1.html The custodians are directed to provide information in 15 days Securities and Exchange Board of India The Securities and Exchange Board of India (Sebi) has
Insolvency pre-packs good for small firms – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/insolvency-pre-packs-good-for-small-firms/articleshow/84801682.cmsSynopsis Regulation should be light-touch, however, and pre-packs should cover larger companies. The government’s move to amend the insolvency law to allow pre-packaged insolvency resolution plans
All you wanted to know about collateral margin – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/columns/slate/all-you-wanted-to-know-about/article35545981.ece The Securities and Exchange Board of India (SEBI) came up with a fresh circular last week to strengthen the collateral margin reporting mechanism
IBC: 5 Years of IBC: Insolvency law has helped improve recoveries, but delays disappoint – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/5-years-of-ibc-insolvency-law-has-helped-improve-recoveries-but-delays-disappoint/articleshow/84740887.cmsSynopsis This May, the Insolvency and Bankruptcy Code (IBC) completed five years since it was passed by Parliament. It was a law envisaged to
Suraksha ARC promises to restart stalled Jaypee Infra projects soon | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/suraksha-arc-promises-to-restart-stalled-jaypee-infra-projects-soon-121072600691_1.html Will infuse working capital funds, deploy a new tech team to revive stalled work; plans to collect dues from home buyers and monetise
‘IPs can’t handle more than 10 cases at a time’ – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/ips-cant-handle-more-than-10-cases-at-a-time/article35523357.ece Professionals with 10 years of experience in law, management can also become IPs: IBBI Insolvency regulator IBBI has capped the number of assignments
Pre-packs for MSMEs: FM likely to introduce Insolvency Amendment Bill in LS on July 26 – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/pre-packs-for-msmes-fm-likely-to-introduce-insolvency-amendment-bill-in-ls-today/article35523550.ece Bill to replace ordinance issued in April Finance Minister Nirmala Sitharaman is likely to introduce a Bill in Lok Sabha on Monday to
CG Power: CBI files: Three CG Power auditors under scanner for signing off on fraudulent transactions – The Economic Times
Clipped from: https://economictimes.indiatimes.com/prime/corporate-governance/cbi-files-three-cg-power-auditors-under-scanner-for-signing-off-on-fraudulent-transactions/primearticleshow/84561258.cms SynopsisSharp & Tannan, Chaturvedi & Shah, and KK Mankeshwar & Co were auditors of CG Power in the years between FY15 and FY19.
Shared pain in sharing-economy stocks – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/markets/stock-markets/shared-pain-in-sharing-economy-stocks/article35514454.ece?homepage=true Underperformance since listing and delayed profitability timelines are common threads Like Zomato, sharing or gig economy businesses such as ride hailing, food delivery
The cases that landed some of India Inc’s top promoters and CEOs behind bars – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/company/corporate-trends/the-cases-that-landed-some-of-india-incs-top-promoters-and-ceos-behind-bars/articleshow/84709947.cms SynopsisThe bulk of these cases pertain to non-repayment of bank loans, other financial irregularities and money laundering (Yes Bank, Religare, Unitech), with a
SC junks PIL to declare that NCLT cannot act as appellate authority – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/india/sc-junks-pil-to-declare-that-nclt-cannot-act-as-appellate-authority/articleshow/84703358.cmsSynopsis “It is not necessary for this court to return any finding on the question sought to be raised in the abstract without any
Bankruptcy award: Why Videocon’s oil & gas biz could come into focus | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/bankruptcy-award-why-videocon-s-oil-gas-biz-could-come-into-focus-121072301501_1.html?utm_source=Spotlight&utm_medium=website&utm_campaign=Premium_11072018 Why the group’s oil and gas business could come into focus in the controversy over the bankruptcy award It is extremely unusual for
Govt changes rules related to incorporation of companies – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/govt-changes-rules-related-to-incorporation-of-companies/articleshow/84687761.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis Section 16 relates to rectification of a company name subject to various conditions, including that the government may direct changing a firm’s name
IBC: 5 years of IBC: Insolvency law has helped improve recoveries, but delays disappoint – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/5-years-of-ibc-insolvency-law-has-helped-improve-recoveries-but-delays-disappoint/articleshow/84658201.cms SynopsisThough the number of cases have been increasing, last fiscal was the first time the cases admitted slowed down year on year to
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