Retrospective application of beneficial circulars upheld, binding officers and granting post adjudication relief where adjudication occurred after cir...
Admissibility of Investigation Statements requires witness examination before the adjudicating authority; otherwise statements cannot sustain a penalt...
Transaction value and connected person treatment in excise valuation: proprietary concerns not inter connected undertakings, relief on valuation and c...
Specified securities on which lock-in cannot be created may be recorded by depositories as non-transferable for the applicable lock-in period, providing an operational mechanism for pledged shares under the ICDR Regulations. The framework requires issuers to align their Articles of Association, issue necessary intimations to concerned lenders or pledgees, and make suitable disclosures in offer documents. Depositories have also updated their systems and processes to support implementation. Stock exchanges, depositories, merchant bankers and issuers must ensure compliance with this lock-in mechanism for pledged shares.
Specified securities on which lock-in cannot be created may be recorded by depositories as non-transferable for the applicable lock-in period, providing an operational mechanism for pledged shares under the ICDR Regulations. The framework requires issuers to align their Articles of Association, issue necessary intimations to concerned lenders or pledgees, and make suitable disclosures in offer documents. Depositories have also updated their systems and processes to support implementation. Stock exchanges, depositories, merchant bankers and issuers must ensure compliance with this lock-in mechanism for pledged shares.
Note: It is a system-generated summary and is for quick reference only.
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