One of the most contentious amendments is insertion of a new proviso under Regulation 23 (2) prescribing that only independent directors, who are the members of the Audit Committee shall approve related party transactions.
Reg. 2(1)(n) the SEBI (Prohibition of Insider Trading) Regulations, 2015 ("PIT Regulations") defines UPSI which is an inclusive definition and includes certain information as financial results, dividends, change in capital structure, mergers, de-mergers, acquisitions, delistings, disposals and expansion of business and such other transactions, changes in KMP.
Amendments in the provisions of IDs in relation with Appointment, Resignation, Removal, D&O Insurance, Cooling–off period and Declaration by IDs.
The settlement cycle is shortened after keeping in view the requests from various stakeholders and discussions with Stock Exchanges, Clearing Corporations and Depositories.
With a view to making the disclosure more accurate and efficient, the NSE, in consultation with SEBI, has introduced a facility for filing RPTs in XBRL mode under regulation 23(9) of LODR Regulations, 2015.
Compounding is the settlement of an offence committed by the contravener by imposing a monetary penalty rather than going to litigation once the contravener admits to committing the offence.
Cabinet approves continuation of Centrally Sponsored Scheme for Fast Track Special Courts for further 2 years. 1023 Fast Track Special Court (FTSCs) to continue, including 389 exclusive POCSO Courts.
In its meeting dated 6th August 2021, the Securities and Exchange Board of India took six major decisions. Same has been discussed in this article.
The need of the circular is to protect the interest of investors in securities, to promote the development of, and to regulate the securities market.
SEBI has issued guidelines for non-convertible debentures with warrants products, whereby it made the electronic book platform mandatory for the non-convertible debt instruments portion of the issue.
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
O P Bagla & Co LLP
New Delhi
CA Inter
View Details
CAclubindia
