Clipped from: https://www.business-standard.com/article/markets/biocon-controversy-sebi-s-insider-trading-laws-may-need-an-overhaul-121071800765_1.html?utm_source=Spotlight&utm_medium=website&utm_campaign=Premium_11072018 Sebi regulations define “insider” as a company associate who is trading in the company’s shares based on unpublished price sensitive information (UPSI) to
Category: IBC-SEBI
IBA to soon move application to RBI for setting up Rs 6,000-cr bad bank – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/iba-to-soon-move-application-to-rbi-for-setting-up-rs-6000-cr-bad-bank/articleshow/84519198.cmsSynopsis With registration of the company, the process for putting an initial capital of Rs 100 crore is on as per the guidelines, the
10 things you must do before buying an IPO, but nobody tells you about them – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/10-things-you-must-do-before-buying-an-ipo-but-nobody-tells-you-about-them/articleshow/84495747.cmsSynopsis With a large number of IPOs lined up for the coming months, Calendar 2021 is believed to be a record year for investing
A new economy moment: As startups line up IPOs, it’s learning time for retail investors and entrepreneurs –times of india
lipped from: https://timesofindia.indiatimes.com/blogs/toi-edit-page/a-new-economy-moment-as-startups-line-up-ipos-its-learning-time-for-retail-investors-and-entrepreneurs/K Ganesh The writer runs GrowthStory, a venture builder platform There is a lot of buzz around startup IPOs lined up in Indian bourses.
CBI books Fedderes Electric and Engineering Limited, its promoters in bank fraud case – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/india/cbi-books-fedderes-electric-and-engineering-limited-its-promoters-in-bank-fraud-case/articleshow/84477906.cmsSynopsis The agency has alleged that the company produced fabricated account books, misrepresented figures to borrow funds and siphoned off various loan proceeds. The
SEBI nixes margin requirement for sellers in the cash segment – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/markets/stock-markets/sebi-nixes-margin-requirement-for-sellers-in-the-cash-segment/article35370937.ece Brokers just need to tell depositories to block the shares intended to be sold SEBI has eased margin related processes for those selling
Punting on bankruptcy – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/punting-on-bankruptcy/article35347573.ece?homepage=true Improving disclosures on IBC stocks will curb insider trading and protect small investors Stocks of companies undergoing corporate insolvency resolution process (CIRP) have
Banks may encounter legal hurdles in invoking personal guarantees | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/banks-may-encounter-legal-hurdles-in-invoking-personal-guarantees-121071401447_1.html Experts say most promoters don’t register assets under their names Some foreign banks hire detectives to gather information on promoters’ assets stashed overseas,
Monsoon session: Pre-pack insolvency, bank privatisation top agenda – The Financial Express
Clipped from: https://www.financialexpress.com/economy/monsoon-session-pre-pack-insolvency-bank-privatisation-top-agenda/2289600/ The government will also seek Parliament’s nod for the Deposit Insurance and Credit Guarantee Corporation (Amendment) Bill to give time-bound access to depositors
Regulations must remove the fetters on asset reconstruction companies – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/regulations-must-remove-the-fetters-on-asset-reconstruction-companies/articleshow/84389152.cmsSynopsis An ARC should not be limited to buying and selling financial securities, but must be free to buy and sell the underlying assets
RBI may tweak rules to reduce ARCs’ cash outgo when buying stressed assets – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/rbi-may-tweak-rules-to-reduce-arcs-cash-outgo-when-buying-stressed-assets/article35287042.ece?homepage=true The lowering of the ‘skin in the game’ requirement will encourage ARCs to step up purchase of bad loans – Getty Images/iStockphoto The
Banks to invoke sureties given by promoters of 17 defaulting cos – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/banks-to-invoke-sureties-given-by-promoters-of-17-defaulting-cos/article35287233.ece?homepage=true In May, the SC upheld the amendment to the Insolvency and Bankruptcy Code that allowed lenders to invoke the personal guarantees of promoters
Accounting Standard for share-based payments for certain corporates – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/policy/coming-soon-accounting-standard-for-share-based-payments-for-certain-corporates/article35265318.ece?homepage=true It will be part of the set of ‘Accounting Standards’ and not part of Ind AS Small corporates with annual turnover less than
Exchanges announce host of safeguards for investors in cos under IBC | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/exchanges-announce-host-of-safeguards-for-investors-in-cos-under-ibc-121070901045_1.html Bourses to tag firms, ask brokers to alert clients who place orders in such stocks; RPs asked to make disclosures after NCLT oral
Debt resolution plan: Exchanges give firms 30 minutes to inform them of NCLT order – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/markets/stock-markets/bse-nse-initiate-steps-to-deal-with-info-asymmetry-on-cos-undergoing-insolvency-resolution-process/article35230303.ece?homepage=true Move to curb insider trading In a bid to curb speculative trading, stock exchanges have mandated listed companies undergoing insolvency processes to inform
Multidisciplinary firms a reality after MCA nod – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/multidisciplinary-firms-a-reality-after-mca-nod/article35238002.ece CA firms can rope in cost accountants, company secretaries, actuaries to offer various services Legal decks have been cleared for audit firms to
Bankruptcy process needs a re-look | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/bankruptcy-process-needs-a-re-look-121070801514_1.html A mechanism is needed to ensure bank-led resolution- not the NCLT- is the first resort for lenders Bankers are finding out that the National
Termination of telecom licence will kill RCom resolution, Deloitte tells bankruptcy court – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/telecom/telecom-news/termination-of-telecom-licence-will-kill-rcom-resolution-deloitte-tells-bankruptcy-court/articleshow/84246107.cmsSynopsis Under the IBC proceedings, RCom’s committee of creditors in March 2020 had cleared a resolution plan that would see asset reconstruction firm UVARCL
Insolvency law’s aim is business rejig, not recovery: M S Sahoo, chairman, IBBI – The Economic Times
lipped from: https://economictimes.indiatimes.com/news/economy/policy/insolvency-laws-aim-is-business-rejig-not-recovery-m-s-sahoo-chairman-ibbi/articleshow/84137210.cmsSynopsis BC has only one objective, that is, reorganisation. It reorganises the affairs of a company to rescue it if its business is viable
Jaypee Infra insolvency Case: IRP Anuj Jain files Suraksha group’s resolution plan with NCLT
Clipped from: https://economictimes.indiatimes.com/industry/services/property-/-cstruction/jaypee-infra-insolvency-irp-anuj-jain-files-suraksha-groups-resolution-plan-with-nclt/articleshow/84231983.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis On June 23, financial creditors of Jaypee Infratech Ltd (JIL) picked Mumbai-based Suraksha group over state-owned NBCC for taking over the insolvent firm,
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