Tag: SEBI

SEBI introduces provisions for exit offer to dissenting shareholders

Friday March 18, 2016. BY Varsha G. Subramanian & J. Mandakini | Commercial/Corporate

Introduction The Companies Act, 2013 had introduced an exit option for those shareholders who do not agree with the change in the objects or terms of contract referred to in the prospectus[1] (“Dissenting Shareholders”). However,

SEBI v. Kishore R Ajmera: Voluminous trading in illiquid scrips

Thursday March 10, 2016. BY Varsha G Subramanian | Commercial/Corporate

Introduction The instant case involves five appeals filed by the Securities and Exchange Board of India (“SEBI”) against brokers and sub-brokers who have indulged in trading of illiquid scrips and artificially creating a high volume

Liberalisation of foreign exchange regulations

Tuesday February 24, 2015. BY | Policy

By Varsha G Subramanian Enhanced limit under the Liberalized Remittance Scheme (“LRS”) The Reserve Bank of India (the “RBI”) introduced LRS in 2004 to allow remittances outside India. Under the scheme, resident individuals are permitted

SEBI revamps insider trading regulations

Friday November 28, 2014. BY | Commercial/Corporate

By Varsha G Subramanian Introduction Insider trading refers to use of certain unpublished information related to a public listed company by a person for the purpose of transacting the securities of the company. Insider trading

Securities Laws (Amendment) Bill, 2014

Wednesday August 20, 2014. BY | Commercial/Corporate

By Maj. Aneesh Gurudas In the light of SEBI’s legal turf with the Sahara group, SEBI has been in dire need of enhanced powers to regulate the securities market. Adding fuel to the fire, the

Jet-Etihad deal – more clarity on “Control”

Wednesday May 21, 2014. BY | Commercial/Corporate

By Mehreen Zafar Securities and Exchange Board of India (“SEBI”) passed an Order[2] dated 08 May, 2014 concerning the matter of acquisition of shares of Jet Airways (India) Limited (“Jet“) by Etihad Airways PJSC (“Etihad“).

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