Admissibility of electronic evidence bars undervaluation demands where printouts, retracted statements and no cross-examination leave the case unprove...
Limitation in oppression and mismanagement proceedings: prior knowledge of removal and dilution barred the challenge, with valuation directions upheld...
Insolvency professional agency governance rules amended to add nominee directors, tighten independent director eligibility, and regulate managing dire...
The circular mandates PCMs to include Annexure 3 in System Audits and submit information on major/minor NCs as per Annexure 4. The System Audit report, including compliance with SEBI/CCs guidelines and the status of previous observations, must be presented to the PCM's Governing Board and communicated to CCs within a month of audit completion. CCs are advised to create a uniform penalty structure for timely submission and closure of audit observations. Effective immediately, the first audit is for FY 2023-24. Issued u/s 11(1) of SEBI Act, 1992, the circular aims to protect investors and regulate the securities market. Available on SEBI's website.
The circular mandates PCMs to include Annexure 3 in System Audits and submit information on major/minor NCs as per Annexure 4. The System Audit report, including compliance with SEBI/CCs guidelines and the status of previous observations, must be presented to the PCM's Governing Board and communicated to CCs within a month of audit completion. CCs are advised to create a uniform penalty structure for timely submission and closure of audit observations. Effective immediately, the first audit is for FY 2023-24. Issued u/s 11(1) of SEBI Act, 1992, the circular aims to protect investors and regulate the securities market. Available on SEBI's website.
Note: It is a system-generated summary and is for quick reference only.
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