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Search results: Listing Obligations and Disclosure Requirements

The fragile position of independent directors of banks, Sumit P and Asima Ghosh, HSA Advocates

The fragile position of independent directors of banks

By Sumit P and Asima Ghosh, HSA Advocates
The improvement of corporate governance norms of banks has been on the agenda for many years. However, after egregious irregularities and misconduct at the highest levels were found at some well-known banks and non-banking...
Cryptocurrencies unchained

Cryptocurrencies unchained?

By Anu Tiwari and Anindita Bhowmik, Cyril Amarchand Mangaldas; Rajiv Luthra and Anirudh Gotety, L&L Partners
Since the Supreme Court overturned India's ban on cryptocurrencies, trading volumes have increased exponentially and home-grown crypto startups have blossomed. But the government has yet to establish a regulatory regime, and reports of another...
Indian-Law-Firm-Awards-2021-logo

Indian Law Firm Awards 2021

Vandana Chatlani reports India has faced a terrible year battling the covid-19 pandemic. Companies and law firm offices shut shop. Homes were turned into work spaces, and lawyers relied on technology to stay connected. Investments in...
Revised regulations on due diligence for listed debentures, Sawant Singh, Aditya Bhargava and Sristi Yadav, Phoenix Legal

Revised regulations on due diligence for listed debentures

By Sawant Singh, Aditya Bhargava and Sristi Yadav, Phoenix Legal
In November 2020, the Securities and Exchange Board of India (SEBI) issued a circular on due diligence to be carried out by debenture trustees on security for listed debentures. The circular prescribed additional obligations...
debt market Aditya Vikram Dua,Aniket Sawant,SNG & Partners

Trustees to be watchdogs in the debt market

By Aditya Vikram Dua and Aniket Sawant, SNG & Partners
With the aim of improving protection and transparency for investors in debt markets, the Securities and Exchange Board of India (SEBI) by its circulars of 8 October 2020 significantly amended the SEBI (Debenture Trustees)...
SEBI Phoenix legal

SEBI’s awkward two-step on recent changes

By Sawant Singh and Aditya Bhargava,Phoenix Legal
The Securities and Exchange Board of India (SEBI) recently introduced a series of changes to protect investors in listed issuance debt securities. The precursor to these changes was a little noticed amendment to the...
relief

Slowing the free fall

Taking stock of the relief measures deployed by regulators to soften the impact of the lockdown. Gautam Kagalwala reports With the COVID-19 outbreak, the government has been fighting on two fronts. It has introduced a...
deals

Deals of the Year 2019

India Business Law Journal reveals the most significant deals and disputes of 2019 and the law firms that worked tirelessly to bring them to fruition The best transactions for the past year in India came...
Total

Adani Gas sells large stake to Total

Total and Adani have signed definitive agreements to deepen their partnership to supply and market natural gas in India. Total will acquire a 37.4% stake in Adani Gas for ₹61 billion (US$864 million). The...
independent directors

Risky proposition

The role of an independent director is an unenviable one, argues Nitin Mittal To be, or not to be, that is the dilemma a number of independent directors are grappling with these days. In the Punjab...
inside-out-Ashwinee-Oturkar

Inside out

Ensuring compliance with amended insider trading regulations. By Ashwinee Oturkar At the turn of the year, the Securities and Exchange Board of India (SEBI) notified amendments to the country’s insider trading regulations, bringing about some...
Venkatesh-Vijayaraghavan-and-Akshaya-Iyer-SR-Associates-2

Independent directors: Staying mindful of liabilities

By Venkatesh Vijayaraghavan and Akshaya Iyer, S&R Associates
The role of independent directors has recently come into sharp focus in India, as lax oversight has led to crises at large listed companies. Independent directors should be aware of and mitigate potential liabilities. Liabilities Directors...
Deals of the year 2018 | India Business Law Journal

Deals of the Year 2018

India Business Law Journal reveals the most important deals and disputes of 2018 and the law firms behind them. Gautam Kagalwala reports Last year mingled pleasure with pain for debt-strapped India, and many of the...
Tanya-Aggarwal-and-Lakshmi-Pradeep-S&R-Associates

Information sharing under SEBI’s insider trading rules

By Tanya Aggarwal and Lakshmi Pradeep, S&R Associates
The Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015 (PITR), prohibits communication of unpublished price sensitive information (UPSI) to any person except where it is in furtherance of legitimate purposes,...

MCA plan to cap pay puts outside directors in a bind

By Harish Kumar, L&L Partners
The Ministry of Corporate Affairs (MCA) on 5 November 2018 called for public comments on a slew of proposed amendments to the Companies Act, 2013, with a view to strengthen the corporate governance framework...

SEBI clarifies on transfer of securities

The Securities and Exchange Board of India (SEBI) issued a press release on 10 August that provides clarifications with respect to amendments to regulation 40 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations,...

Guidelines for InvITs

The Securities and Exchange Board of India (SEBI) has introduced guidelines for listed infrastructure investment trusts (InvITs) registered under the SEBI (Infrastructure Investment Trusts) Regulations, 2014, allowing institutional investors to raise capital by way...
Debt-securities-guidelines-issued-for-REITs,-INVITs

Debt securities guidelines issued for REITs, INVITs

The Securities and Exchange Board of India (SEBI) issued a notification on 13 April providing guidelines for issuance of debt securities by real estate investment trusts (REITs) and infrastructure investment trusts (InvITs). On 15...

SEBI pricing norms for merger schemes

By Promode Murugavelu and Karthika Menon, Shardul Amarchand Mangaldas & Co
Listed companies undertaking schemes for compromises and arrangements have to comply with conditions prescribed by the Securities and Exchange Board of India (SEBI). The framework for this is set out in a circular issued...

AZB, JSA advise on Alibaba’s acquisition in Zomato

Food delivery app Zomato has received an investment of US$200 million from Alibaba’s affiliate Ant Small and Micro Financial Services Group (Ant). Info Edge (India), which operates the job website Naukri and a key investor...
Deals-of-the-Year-2017

Deals of the Year 2017

India Business Law Journal showcases the most significant deals of 2017 and the law firms behind them. Nandini Lakshman reports The overarching theme in India in 2017 was demonetization. It ravaged the economy, slackened the...
India-Capital-market-lawyers

Bull run?

IPOs have returned with a bang, but are they a true indicator of an improved economy? Gautam Kagalwala looks at the reasons for the revival of primary markets and the role of the regulator The...
Puja Sondhi, Sumeet Singh, Shardul Amarchand Mangaldas on Minority investments in listed companies

Key concerns for minority investors in listed companies

By Puja Sondhi and Sumeet Singh, Shardul Amarchand Mangaldas
Private equity and other investors (strategic or otherwise), while making minority investments in a listed company (listco), have to navigate a myriad of regulations including the Securities and Exchange Board of India (Listing Obligations...
Shruti Rajan and Rohan Banerjee, Cyril Amarchand Mangaldas

Board evaluation: A step towards greater governance

By Shruti Rajan and Rohan Banerjee, Cyril Amarchand Mangaldas
Quis custodiet ipsos custodes? (Who will guard the guardians?) – Juvenal Since the introduction of clause 49 in the Listing Agreement more than a decade ago, the Securities and Exchange Board of India (SEBI) has...

Exemption for holding company-subsidiary merger

With effect from 15 February, listed entities are exempt from filing a draft scheme of arrangement in the case of a merger between a holding company and its wholly owned subsidiary in order to...
A photo of Vijai Mathur and Saiyam Chaturvedi from Link Legal India Law Services on an article about upside sharing agreements

Corporate governance and upside sharing agreements

By Vijai Mathur and Saiyam Chaturvedi, Link Legal India Law Services
Upside sharing agreements (otherwise referred to as compensation agreements) are arrangements which are sometimes entered between an investor (usually a private equity investor) and the promoters and/or management of a listed company with an...
Iqbal Khan and Tanavi Mohanty Companies to face SEBI’s tightened merger regime

Companies to face SEBI’s tightened merger regime

By Iqbal Khan and Tanavi Mohanty, Shardul Amarchand Mangaldas
The Securities and Exchange Board of India (SEBI), in its meeting on 14 January, proposed revisions to the regulatory framework governing the merger of an unlisted company with a listed company. The existing regime comprises (a)...
deals of the year 2016 India business law journal

Deals of the year 2016

India Business Law Journal showcases the most significant deals and disputes of 2016 and reveals the legal advisers who guided them. By Nandini Lakshman With the Bombay Stock Exchange’s benchmark Sensex dipping by over 9% in the 2015-16 fiscal...

Issues in reclassification of listed companies’ promoters

By Roopal Kulsrestha and Komal Modi, Shardul Amarchand Mangaldas & Co
In India, a promoter is generally understood as a person in control of a company. A change in the promoter of a listed company is perceived as sufficiently significant to affect the company’s share...

Bombay Stock Exchange faces legal and regulatory hurdles

The Bombay Stock Exchange and the National Stock Exchange of India are gearing up for their own listings but they still face legal and regulatory hurdles. Nandini Lakshman reports For quite some time, the highly profitable stock exchanges...

SEBI amends listing obligations and disclosure requirements

The Securities and Exchange Board of India (SEBI) has amended the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, through the SEBI (Listing Obligations and Disclosure Requirements) (Second Amendment) Regulations, 2016. The amendment has...

FAQs on SEBI’s listing and disclosure rules

Last year, the Securities and Exchange Board of India (SEBI) notified the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Since then, SEBI has published multiple frequently asked questions (FAQs) to facilitate the listing process...

Deals of the Year 2015

India Business Law Journal showcases the most significant deals and disputes of 2015 and the legal advisers who guided them By Nandini Lakshman India saw more market activity in 2015 than in 2014 but choppy global markets...

Chasing capital

As India’s equity markets stir, Nandini Lakshman investigates some of the recent deals, reveals the law firms that guided them and asks what’s in store for cash-hungry companies It has been a modest but eventful...

Reinforcing obligations

New listing regulations are a step in the right direction. Priyanka Kumar and Sohrab Khushrushahi explain why The Securities and Exchange Board of India (SEBI) notified the Securities and Exchange Board of India (Listing Obligations...
A photo of Sawant Singh and Aditya Bhargava on the articleListing and disclosure rules consolidation: A good step?

Listing and disclosure rules consolidation: A good step?

By Sawant Singh and Aditya Bhargava, Phoenix Legal
The Securities and Exchange Board of India (SEBI) notified the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, on 2 September. The regulations are designed to consolidate all post-listing requirements applicable to entities that...
veritas stock

SEBI updates listing obligations and disclosure rules

On 2 September, SEBI published the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which come into effect on 1 December 2015. Two provisions, however, came into force with immediate effect. They are: Passing of...
india business law journal, deals of the year 2014

Deals of the Year 2014

India Business Law Journal showcases the most significant deals and disputes of 2014 and the legal advisers who guided them. Nandini Lakshman reports Over the past 12 months, traffic increased substantially on the Indian deal street....

Deals of the Year 2013

India Business Law Journal identifies and analyses the standout deals and disputes of 2013 and reveals the lawyers who guided them. By Nandini Lakshman The past year was one of the worst for the Indian economy...

Draft REIT regulations introduced

India’s securities regulator, the Securities and Exchange Board of India (SEBI), recently released the draft SEBI (Real Estate Investment Trusts) Regulations, 2013. Some of the key features are captured below. Investment Restrictions: Real estate investment...

Prosper or perish?

The US is fertile ground for Indian companies hungry to sow new seeds of investment. But without adequate knowledge, preparation and legal guidance, they could rake in more regrets than rewards Aliyah Shahid reports from...

New category created: the qualified foreign investor

By Mohit Gogia and Brajendu Bhaskar, S&R Associates
Until recently, only two categories of non-resident investors, namely, (i) foreign institutional investors (FIIs) and their sub-accounts registered with the Securities and Exchange Board of India (SEBI), and (ii) non-resident Indians (NRIs), were permitted...

Deals of the Year 2011

India Business Law Journal celebrates 50 of the most significant transactions and cases of 2011 and reveals the law firms that guided them to fruition Nandini Lakshman reports from Mumbai The global financial crisis may have...

Playing by which rules?

The imminent introduction of India’s new takeover code presents an opportunity for regulatory arbitrage Cyril Shroff and Amita Choudary report The acquisition of shares of a listed company in India is currently governed by the Securities...
Priti Suri,Proprietor,PSA

Corporate governance: A paradigm shift needed

By Priti Suri,PSA
Agreat deal has been written about corporate governance in India since the turn of the millennium, when the nation’s economy was gaining prominence on the world stage. It became a buzzword in boardrooms and...
capital markets

Fighting for funds

Market turbulence has forced many Indian corporates to re-evaluate their domestic and international capital-raising strategies. But in spite of the difficulties, there is no shortage of investors willing to gamble on India, Chris Crowe reports...