Clipped from: https://www.business-standard.com/article/opinion/rationalising-regulation-121051201470_1.html Sebi’s proposals are in line with changing investor landscape The Securities and Exchange Board of India (Sebi) has released a discussion paper indicating
Category: IBC-SEBI
Sebi catches up with changing corp landscape – The Financial Express
lipped from: https://www.financialexpress.com/opinion/sebi-catches-up-with-changing-corp-landscape/2250970/ ‘Person in control’ instead of ‘promoter’ as key person, change in lock-in period for promoters’ stake nod to new-age companies So, it is
Towards greater audit transparency – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/towards-greater-audit-transparency/article34544659.ece By adopting tracking of this accounting function, India has taken a key step to ensure that financial systems remain fraud-free To bring in
Premature on promoters – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/it-is-not-time-yet-for-sebi-to-relax-its-vigilance-on-promoters-and-their-group-entities/article34544269.ece It is not time yet for SEBI to relax its vigilance on promoters and their group entities For long, the Securities Exchange Board
CSR spending: Corporates told to create accounting ‘liability’ for unspent amounts – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/policy/csr-spending-corporates-told-to-create-accounting-liability-for-unspent-amounts/article34536833.ece CA Insitute’s clarification follows MCA’s diktat on fulfilling ‘obligation’ Close on the heels of the Ministry of Corporate Affairs (MCA) requiring companies to
Socially relevant – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/ensuring-that-only-credible-social-enterprises-use-the-social-stock-exchanges-is-the-right-approach/article34536978.ece Ensuring that only credible social enterprises use the social stock exchanges is the right approach With the technical group set up by the
Siva Industries: Creditors to scrap bankruptcy process of Siva Industries – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/creditors-to-scrap-bankruptcy-process-of-siva-industries/articleshow/82563723.cms Synopsis–The creditors, which include State Bank of India and Malaysia’s Maxis Communications Bhd, the former owner of telecom operator Aircel, have accepted Sivasankaran’s
Redefining corporate ownership: SEBI prefers ‘controlling shareholders’ to ‘promoters’ – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/markets/stock-markets/redefining-corporate-ownership-sebi-prefers-controlling-shareholders-to-promoters/article34537354.ece?homepage=true With PEs and institutions in control, difficult to identify promoter group In a move with implications for many corporate houses, market regulator SEBI
Sebi plans to ease post-IPO lock-in for promoters, amend key definition | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/sebi-plans-to-ease-post-ipo-lock-in-for-promoters-amend-key-definition-121051101115_1.html Regulator mulls replacing concept of ‘promoter’ with ‘person in control’ The regulator has said the definition of “promoter” is wide-ranging and needs to
‘Pre pack resolution process has some serious pitfalls’ – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/news/national/pre-pack-resolution-process-has-some-serious-pitfalls/article34533196.ece?homepage=true Financial institutions may forfeit the ‘golden hours’ available for putting the entity back on track, says Bijoy Pulipra The Pre Pack Insolvency Resolution
bad debt–SBI’s Padma Nair to be NARC’s first CEO – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/sbis-padma-nair-to-be-narcs-first-ceo/articleshow/82551131.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis The NARC will aggregate the bad loans and transfer them to a step-down asset management company (AMC) which will manage the assets
NCLT admits insolvency petition against textile company Sintex Industries – The Economic Times
lipped from: https://economictimes.indiatimes.com/industry/cons-products/garments-/-textiles/nclt-admits-insolvency-petition-against-textile-company-sintex-industries/articleshow/82549700.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis Sintex is the largest debtor taken to the NCLT since the one year moratorium on filing fresh cases ended in March. Lenders tried
Jaypee Infra insolvency: NBCC, Suraksha submit revised bids – The Economic Times
lipped from: https://economictimes.indiatimes.com/industry/indl-goods/svs/construction/jaypee-infra-insolvency-nbcc-suraksha-submit-revised-bids/articleshow/82551233.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis New Delhi, May 11 () State-owned NBCC and Suraksha group, which are in the race to acquire Jaypee Infratech under the insolvency resolution
Sebi makes dividend distribution policy must for top 1,000 listed cos – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/sebi-makes-dividend-distribution-policy-must-for-top-1000-listed-cos/articleshow/82550334.cmsSynopsis The regulator has also put in place a framework in relation to applicability, constitution and role of the Risk Management Committee (RMC) and
Near-resolution assets may not go to bad bank amid Covid-19 pandemic | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/near-resolution-assets-may-not-go-to-bad-bank-amid-covid-19-pandemic-121051100040_1.html ARC expected to be functional next month Where there is a resolution likely in one or two months, and the order of the
SEBI moves to ringfence client collateral from broker default – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/markets/stock-markets/sebi-moves-to-ringfence-client-collateral-from-broker-default/article34529490.ece Markets regulator proposes to build a mechanism for reporting, dissemination and usage of information pertaining to collateral other than securities collateral Two decades
A bit too socially restrictive, SEBI – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/a-bit-too-socially-restrictive-sebi/articleshow/82464311.cmsSynopsis The classification of eligible activities should be flexible, within limits. And, indeed, these should target underprivileged groups. However, there is no reason to
SEBI notifies relaxed norms for listing start-ups- Business today
Clipped from: https://www.businesstoday.in/current/economy-politics/sebi-notifies-relaxed-norms-for-listing-start-ups/story/438542.html The regulator has reduced the period of holding of 25 per cent of pre-issue capital of the issuer company by eligible investors to
Good start – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/opinion/editorial/good-start/article34481710.ece RBI has started on corporate governance overhaul at private banks, but the approach is piecemeal The last two years have seen crises unfolding
MCA allows more time gap between two board meetings – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/news/national/mca-allows-more-time-gap-between-two-board-meetings/article34473303.ece Gap may extend to 180 days against 120 days allowed earlier Resurgence of Covid-19 cases during the ongoing second wave has prompted the
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