SEBI

Manner of dealing with companies undergoing Corporate Insolvency Resolution Process – NSE

The Exchange shall issue a detailed guidance note to CIRP companies and the Resolution Professional (RP) on compliance and disclosure requirements as per SEBI LODR Regulations, which will be uploaded on the Exchange website, an email shall be sent to all the companies which are under CIRP informing them about the guidance note.

The guidance note provides that the Resolution Professional has to comply with SEBI LODR Regulations and in compliance, shall disclose the fact of approval of resolution plan on oral pronouncement or otherwise of the Order on immediate basis and not later than 30 minutes. Additionally, the Resolution Professional shall inform through the Exchange platform any impact on the existing holders / investors of listed securities, on areas such as status of listing, the value of holding of existing holders, write off/ cancellation/ extinguishment of existing equity shares/ preference shares/ debentures, etc. without any payment to such holders, where applicable.

Further, the guidance note provides that the Companies/ the Resolution Professional shall be guided by the provisions of the SEBI LODR Regulations and shall maintain the confidentiality of the resolution plan until details are not submitted on the Exchange Platform.

Manner of dealing with companies undergoing Corporate Insolvency Resolution Process – NSE Read Post »

SEBI specifies qualified financial market participants entities, which may enter into qualified financial contracts notified by any regulatory authority – SEBI/LAD-NRO/GN/2021/24 dt. 12.05.2021

SEBI under the Bilateral Netting of Qualified Financial Contract Act, 2020 specifies the Mutual Fund registered with SEBI; and Alternative Investment Fund registered with SEBI as qualified financial market participants, which subject to the provisions as may be specified by the SEBI, may enter into qualified financial contracts notified by any regulatory authority as specified in the First Schedule.

SEBI specifies qualified financial market participants entities, which may enter into qualified financial contracts notified by any regulatory authority – SEBI/LAD-NRO/GN/2021/24 dt. 12.05.2021 Read Post »

Where the public shareholding in a listed company falls below as specified limit under Securities Contracts (Regulation) Rules, 1957 as a result of implementation of the resolution plan approved under section 31 of the of the Code – G.S.R. 675(E) dt. 24.07.2018

MINISTRY OF FINANCE(Department of Economic Affairs)NOTIFICATIONNew Delhi, the 24th July, 2018 G.S.R. 675(E).—In exercise of the powers conferred by section

Where the public shareholding in a listed company falls below as specified limit under Securities Contracts (Regulation) Rules, 1957 as a result of implementation of the resolution plan approved under section 31 of the of the Code – G.S.R. 675(E) dt. 24.07.2018 Read Post »

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