Clipped from: https://www.business-standard.com/article/markets/sebi-objects-to-securities-appellate-tribunal-missing-key-member-121051301411_1.html Tribunal has taken opinion of senior counsel in the matter The SAT hears appeals against decisions that Sebi takes as securities market regulator
Category: IBC-SEBI
‘Promoter’ vs ‘person in control’: How will Sebi’s new proposal play out? | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/promoter-vs-person-in-control-how-will-sebi-s-new-proposal-play-out-121051301327_1.html The rationale behind replacing the concept of “promoter” with “person in control” is to absolve entities, which, in reality, don’t have any control
Auto-debit payment bounce rate increases again in April | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/second-covid-wave-auto-debit-payment-bounce-rate-increases-again-in-april-121051400052_1.html Experts say the rise may continue, given the lockdowns In absolute terms, in April of the 85.4 million auto-debit transactions initiated, 56.3 million
Independent Directors: Indian companies slow in changing board composition, notes IiAS – The Financial Express
Clipped from: https://www.financialexpress.com/industry/independent-directors-indian-companies-slow-in-changing-board-composition-notes-iias/2251635/ The report has said that 14% (70 companies) were non-compliant with board composition norms. Out of these 70 companies, 55 companies were PSUs.
Bankruptcy: NCLT delays compounded by lack of new appointments – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/bankruptcy-indias-struggling-lenders-need-to-brace-for-more-pain-ahead/articleshow/82605785.cms Synopsis–The government’s prepackaged resolutions for MSMEs is also likely to put further strain on the system. Bankers, lawyers, Insolvency and Bankruptcy Board of
Auto retailers’ lobby writes to FM, RBI governor to request loan moratorium – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/auto/auto-news/auto-retailers-lobby-writes-to-fm-rbi-governor-to-request-loan-moratorium/articleshow/82604831.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis Retailers, or dealers, make an upfront payment to automakers while purchasing vehicles and this is usually funded through loans with a payment cycle
Hiring for Debt Recovery Tribunals put on fast track – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/hiring-for-drts-put-on-fast-track/articleshow/82612485.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis A government official confirmed this and said it was looking to appoint around 27 administrators, both as registrars and deputy registrars, in Delhi,
Rationalising regulation | Business Standard Editorials
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
Rationalising regulation | Business Standard Editorials
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
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
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