Statutory transfer formalities invalidated alleged share and property transfers, while retrospective record manipulation constituted oppression and mi...
Provisional attachment of laundered funds and equivalent-value property sustained, with statutory protection limited to pension, gratuity and providen...
Insolvency moratorium does not shield company officers from cheque dishonour prosecution for liability arising before corporate insolvency proceedings...
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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