Search and seizure: abatement of earlier search bars use of prior seized material in later search-based assessments; relief limited to new documents f...
Admission of additional evidence under remand rules must await a meaningful remand report; failure to do so breaches natural justice and mandates rema...
Export Obligation Discharge Certificates for EPCG compliance cannot be questioned by Customs unless DGFT adjudicates and cancels them, so demands quas...
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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