Entries by Staff

SEBI’s revised framework brings relaxation under buy-back norms

– Promotes tender offer while holding back significant corporate slimming proposals – Payal Agarwal, Deputy Manager (payal@vinodkothari.com) Distribution of profits to shareholders may take up various forms, as also discussed in Distribution of accumulated profits to shareholders. One such manner of distribution is “buying back” the existing securities of the company from the shareholders. In […]

SEBI notifies amendments in LODR for NCS entities Scheme of Arrangement | Submission of financial results & line items | Transfer to IPEF for unclaimed NCS amounts by body corporate

Ajay Ramanathan, Executive | Read our related resources : SEBI LODR amendments: Minority say in independent directors, added regulations for debt issuersSEBI rationalizes ID appointment and removal process for first term Re-appointment process to be rationalized post amendment in CA, 2013 SEBI rationalizes ID appointment and removal process for first term Re-appointment process to be […]

SEBI LODR amendments: Minority say in independent directors, added regulations for debt issuers

Pammy Jaiswal | Partner | Vinod Kothari and Company (pammy@vinodkothari.com) Background Following the various recommendations provided by the Primary market Advisory Committee (PMAC), SEBI in its board meeting held on 30th September, 2022 discussed several proposals including the agenda to review the process for independent directors’ (IDs) appointment, re-appointment or removal,  introducing the need to […]

Getting material on “material” events and information

SEBI issues consultation paper on Reg. 30 of LODR Regulations  Payal Agarwal, Assistant Manager (payal@vinodkothari.com)  [This version: 15th November, 2022] The importance of transparency and timely dissemination of material information for a listed entity needs no emphasis, since these events and information have a direct bearing on the price discovery of the securities of the […]