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Cyril Amarchand Mangaldas (CAM) advised Brigade Enterprises Limited (“Brigade”) as its legal counsel on the issuance of equity shares
Terms such as ‘Bilateral Memorandum of Understanding’, ‘Control’, ‘Designated depository participant’, and ‘International Financial Services Centre’ have been added to the 2000 Regulations.
The provision made vide 2024 Amendment Regulations would not apply to associations through a specified digital platform.
Respondents have not shown any active role of petitioner in the capacity of the promoter, in the management of the company, Shrenuj, and any role and obligation factually fastened on petitioner in the various compliance which are required to be undertaken under SEBI (LODR) Regulations, at the time of freezing of his demat accounts.
SEBI penalizes Anil Ambani for siphoning of funds from public listed companies, RHFL
As petitioner filed reply to the show cause notice and had already questioned the appointment of KPMG as Forensic Auditor and the Report, he is free to pursue the matter before SEBI in accordance with law.
To enable the users to have access to the provisions of all applicable circulars in one place, SEBI has previously issued a Master Circular dated 22-05-2024 for Stockbrokers.
CAM played crucial role, provided comprehensive legal counsel and strategic guidance to ensure the successful execution of the transaction.
Through the 2024 Amendment Regulations, changes have also been made to the ‘Conditions for Category I and II Alternative Investment Funds.
Apart from provisions for market abuse, the 2024 Amendment Regulations also direct asset management companies to establish a whistle-blower policy which must provide a confidential channel to raise concerns about fraud, unfair practices, etc.
The 2024 Regulations have amended various provisions of the 2018 Regulations including provisions for disclosure of shareholding patterns and the constitution of Core Settlement Guarantee Fund Committee.
Cyril Amarchand Mangaldas (CAM) advised Vedanta Limited on a qualified institutions placement (“QIP”) of its equity shares, aggregating to INR 8500 crores.
by Vaibhav Singh†, Radhika Indapurkar†† and Manas Kotak†††
The Committee shall identify the number of investors and database of investors, and also determine the amount to be refunded to each investor. An Escrow Account with a bank designated by SEBI, shall be opened and all sale proceeds shall be deposited in that interest-bearing account.
As per the Regulations, the manager may offer unit-based employee benefit scheme based on the units of Real Estate Investment Trusts subject to compliance with Chapter IVA.
Previously, ‘liquid asset’ included low-risk assets such as cash, fixed deposits, government securities, treasury bills, and repo on government securities.
The 2024 Regulations amend the obligations of the issuers to include fixing a record date for payment of interests, dividends, etc.
The 2024 Regulations have been notified to modify Regulation 52 of the 2015 Listing Obligations and Disclosure Requirements issued by SEBI.
A Master Circular in the form of a compilation of provisions of all relevant circulars for surveillance of securities market was last issued on 23-03-2023.
The SEBI (Mutual Funds) (Amendment) Regulations, 2024 amends the Seventh Schedule of the 1996 Regulations.