In a press conference conducted on May 17, 2020 by Finance Minister Nirmala Sitharaman,
it was stated that the COVID-19 related debts shall not form part of the default under the
Insolvency and Bankruptcy Code, 2016 (I&B Code).
SEBI has introduced an additional pricing option for preferential issues of frequently traded shares under the ICDR Regulations.
On May 20, 2020, SEBI issued an advisory (Circular) under SEBI (LODR) Regulations, 2015 to all listed entities regarding disclosure of material impact of Covid-19 on their financials.
On May 14, 2020, SEBI issued a circular (Circular) granting a one-time relaxation from strict enforcement of procedural requirements under Regulation 18(2) of the Takeover Regulations...
Khaitan & Co
The Securities and Exchange Board of India (SEBI), at its board meeting held on 25 June 2020, approved several significant changes to regulations governing listed companies.
The current situation caused by the COVID-19 pandemic is unprecedented and several listed companies have seen a reduction in their value due to the sharp fall in stock prices compared to the beginning of 2020.
M/s Rockwell Industries Limited (hereinafter referred as the Respondent/ Operational Creditor) filed an application for initiation of Corporate Insolvency Resolution Process...
SEBI has amended its ICDR Regulations in relation to pricing of preferential issues by companies having stressed assets. Consequent amendments have also been made to the Takeover Code...
Section 135 of Companies Act, 2013 (Act) requires companies to constitute a Corporate
Social Responsibility Committee (CSR Committee)...
April 8, 2020 – clarifies the procedure for passing ordinary and special resolutions amidst
Covid-19 outbreak (EGM Circular) and provides certain relaxations from provisions...
Khaitan & Co
The Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (Takeover Regulations)
S.S. Rana & Co. Advocates
Since our previous update dated April 28, 2020, the Securities and Exchange Board of India ("SEBI") has introduced further measures considering the COVID-19 outbreak.
On May 17, 2020, Ministry of Finance, Government of India (MoF) announced that Indian companies would now be allowed to list their shares directly in foreign stock exchanges.
SEBI issued a circular dated May 14, 2020 (2020 Circular) granting relaxation to listed companies from the applicability of 2017 Circular that required recognized stock exchanges to review...
Registrar, NCLT Delhi Bench issued Office Order dated May 12, 2020 directing that all new Applications under Section 7 of IBC have to be accompanied with a record of default obtained from...
The RBI has, vide a press release 2019-2020/2510 dated 17 June 2020, released proposed changes in the regulations applicable to HFCs for public comments.
King, Stubb & Kasiva
The nationwide lockdown announced by the Government of India due to COVID-19 has challenged the operations of various businesses in many ways.
The Law Point
The law of Specific Relief is an Act providing for an equitable remedy. In this, the court issues an order requiring a party to perform a specific act i.e. directs performing the contract as...
Khaitan & Co
The Securities and Exchange Board of India (SEBI) has granted certain significant relaxations with respect to new capital raises / preferential allotments ...
On 6 May 2020, SEBI permitted listed entities to dispatch the letter of offer in respect of rights issue of share to the shareholders through electronic mode due to the on-going situation arising out of COVID-19.