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...
SEBI has revised the Social Stock Exchange framework to ease fundraising by not for profit organizations. A not for profit organization may now remain registered on the SSE without raising funds for an extended period, subject to Social Stock Exchange approval. The minimum subscription threshold for issuance of Zero Coupon Zero Principal Instruments has also been relaxed where the funds can still be deployed in a viable and meaningful manner aligned with the disclosed object of the issue, and the Social Stock Exchange must conduct due diligence before in-principle approval. The circular also requires disclosure of how balance capital will be raised and the impact of under-subscription, with refund mandatory if the minimum subscription is not achieved.
SEBI has revised the Social Stock Exchange framework to ease fundraising by not for profit organizations. A not for profit organization may now remain registered on the SSE without raising funds for an extended period, subject to Social Stock Exchange approval. The minimum subscription threshold for issuance of Zero Coupon Zero Principal Instruments has also been relaxed where the funds can still be deployed in a viable and meaningful manner aligned with the disclosed object of the issue, and the Social Stock Exchange must conduct due diligence before in-principle approval. The circular also requires disclosure of how balance capital will be raised and the impact of under-subscription, with refund mandatory if the minimum subscription is not achieved.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4805
Join Channel
TaxTMI 
