Entries by Team Corplaw

ODR Platform: extension of online grievance redressal mechanism

– Ankit Singh Mehar | Executive | corplaw@vinodkothari.com Online Dispute Resolution (ODR) in Indian Securities Market has been introduced by SEBI vide its circular dated July 31, 2023 read with corrigendum-cum-amendment circular dated August 4, 2023. In addition to SCORES, Investors/clients and Market Participants (MPs) now have an additional mechanism available for dispute resolution. This […]

SEBI rationalizes the framework for Large Corporates

Increased threshold, new incentive-disincentive framework instead of penalty Sharon Pinto, Senior Manager & Palak Jaiswani, Asst. Manager (corplaw@vindokothari.com) Updated on October 26, 2023 Background With an intent to promote the Corporate Bond market, SEBI had introduced the framework for borrowing by Large Corporates (‘LCs’) framework with effect from April 1, 2019 by way of circular […]

Silence no more golden: New regulatory regime forces top listed companies to respond to rumours

Vinod Kothari and Nitu Poddar (corplaw@vinodkothari.com) – Updated February 02, 2024 Come June 1, 2024, top 100 listed companies, and thereafter, effective from December 1, 2024 top 250 listed companies, will have to mandatorily respond to market rumours, and cannot keep a policy of maintaining their own silence. What is the intent and scope of this […]

Identifying Senior Managers: Listing rules may force companies to relook at the tag

Identification as a “senior management person” brings information needs as well as obligations  – Pammy Jaiswal and Mahak Agarwal Background The concept of Senior Management ( herein, ‘SM’, and senior management person or personnel as ‘SMP’ or ‘SMPs’) was not there under the regime of the Companies Act, 1956 and was first introduced under Section […]