The time has come for listed companies and other market participants, intermediaries and service providers to revisit their internal codes of conduct under the Insider Trading Regulations. The Securities and Exchange Board of India (“SEBI”) has vide notification dated 15th January 2015 published the SEBI (Prohibition of Insider Trading) Regulations 2015 (“New PIT Regulations”) replacing... Continue Reading →
MCA strengthens collaborative CSR
The MCA vide a notification dated January 19, 2015 has made changes to the Companies (Corporate Social Responsibility Policy) Rules, 2014. The copy of the notification available on the MCA Website is an unpublished copy and the same will come into effect upon its publication in the official gazette. Previously, the board of directors of... Continue Reading →
Opening up of Pharma Sector vis-à-vis Medical Devices for FDI
Toeing the ‘Make in India’ initiative of the Government of India, the Ministry of Commerce and Industry released yesterday PN 2 of 2015 (to come into effect from 21st January 2015) in relation to Foreign Direct Investment (“FDI”) in manufacture of medical devices. Presently investment in greenfield pharmaceutical projects is permitted fully without government intervention.... Continue Reading →
Companies Act (Amendment) Bill, 2014: An update
In our previous post, we discussed the changes proposed to be brought about by an amendment to the Companies Act, 2013. At the time the text of the Amendment Bill had not been circulated and information was only available through a Press Release. The draft bill is now in the public domain and can be... Continue Reading →
Companies (Amendment) Bill, 2014
After the last draft notification on the proposed exemptions to private companies in June 2014, two days ago, the Union Cabinet, approved the introduction of the Companies (Amendment) Bill, 2014 in Parliament to make certain amendments in the Companies Act, 2013. The Companies Act, 2013 was notified in two phases where a total of 280... Continue Reading →
Through the looking glass: Revised Insider Trading Regulations
The SEBI board meeting minutes (“SEBI Press Release”) describe the sweeping changes released by SEBI with respect to SEBI (Prohibition of Insider Trading) Regulations (“1992 PIT Regulations”). SEBI (as the spectator) in seeking to eliminate asymmetry of information and capacity to deal in securities, through its reforms to the insider trading regulations and to ensure a... Continue Reading →
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