Tag: Securities Regulation
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SAT Order on Minimum Public Shareholding Norms
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SEBI Order on Public Shareholding Norms
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SEBI Clarifies on Schemes of Arrangement
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Public Shareholding Norms: Consequences of Non-Compliance
The June 2013 deadline for compliance by listed companies with the minimum public shareholding of 25% is looming closer. The deadline for compliance by public sector (government) listed companies to comply with the 10% minimum public shareholding will follow in August. Over the last few months, several companies have already reduced their promoter shareholding to…
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Extension of Date for Implementation of Modified ESOP Rules
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Supreme Court on “Market Abuse”
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SEBI Order in the Art Fund Case
Earlier this week, SEBI passed an order against Osian’s-Connoisseurs of Art Private Limited holding that the Osian Art Fund falls within the purview of the SEBI Act and the SEBI (Collective Investment Scheme) Regulations, 1999 (the CIS Regulations). Since the art fund had raised investments without registering with SEBI, it was ordered to wind up…
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SEBI Adjudication Order in the IPCL Insider Trading Case
SEBI’s adjudicating officer yesterday passed an order exonerating Mr. Manoj H. Modi (MHM) and Mrs. Smita M. Modi (SMM) for insider trading charges in connection with the shares of Indian Petrochemicals Corporation Limited (IPCL). It deals with two primary legal questions as they were applied to the facts of the case, i.e. (i) whether MHM…
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Corporate Communication Through Social Media
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