SEBI Introduces New Framework For Unaffected Price Determination And Market Rumour Verification

The Securities and Exchange Board of India (SEBI) has rolled out framework aimed at regulating the impact of market rumours on stock prices. This framework, announced on May 21, 2024, introduces stringent guidelines for calculating the unaffected price of transactions and mandates listed entities to verify market rumours when significant price movements occur. Framework for...

Companies Can Retain DVR Shares with Differential Voting & Dividend Rights Issued Before SEBI's Restrictive Circular: SEBI

The Securities and Exchange Board of India (SEBI) has clarified that companies can retain Differential Voting Rights (DVR) shares with their original differential voting and dividend rights, provided these shares were issued before SEBI's restrictive circular of July 2009. Jagatjit Industries Limited (JIL), a public limited company engaged in the production of alcoholic beverages,...

2.33 Million Hectares Of Tree Cover Lost Since 2000| NGT Takes Suo Moto Action, Seeks Response From Centre Govt

The principal bench of National Green Tribunal (NGT) has sought response from the Central Pollution Control Board (CPCB), Union Ministry of Environment, Forest and Climate Change (MoEFCC), the Survey of India (SOI) and the to a newspaper report stating "India lost 2.33 million hectares of tree cover since 2000".Chairperson Justice Prakash Shrivastava, Justice Arun Kumar Tyagi and Dr. A....

Chief Justice Of J&K High Court Administers Oath Of Office To Justice Wasim Sadiq Nargal

The Chief Justice of High Court of Jammu & Kashmir and Ladakh, Justice N Kotiswar Singh on Wednesday administered the oath of office to Justice Wasim Sadiq Nargal as Additional Judge of the High Court of Jammu & Kashmir and Ladakh, in the Chief Justice's Court Room.The oath taking ceremony was attended at Jammu by Justice Atul Sreedharan, Justice Rajesh Oswal, Justice Vinod...

Music Composer Ilaiyaraja Sends Legal Notice To Makers Of “Manjummel Boys” Movie Over Alleged Unauthorised Use Of Song From “Guna” Movie

Legendary music composer Ilaiyaraja has sent a legal notice to the producers of the Malayalam movie “Manjummel Boys” in connection with the alleged unauthorized and improper use of the song “Kanmani Anbodu Kadhalan” from the 1991 movie “Guna”. Ilaiyaraja, who composed the song, claimed that being the first owner of his original musical works, he holds absolute rights,...

Pune Porsche Car Accident Case | JJB Remands Minor Accused To Observation Home Till June 5

The Juvenile Justice Board, Pune today cancelled the bail granted to the teenager accused of driving the Porsche car involved in a collision which caused deaths of two persons, and remanded him to an observation home till June 5, 2024, PTI reported.The JJB had granted bail to the minor driver on Sunday. The bail conditions required him to visit the Regional Transport Office, study traffic...

SEBI Introduces Changes to Market Capitalisation Computation and Rumour Verification Regulations

The Securities and Exchange Board of India (SEBI) has announced significant modifications to its Listing Obligations and Disclosure Requirements (LODR) regulations, affecting how market capitalisation of listed companies is computed and introducing new protocols for market rumour verification. Revised Market Capitalisation Computation Method SEBI has shifted from a single-day...

SEBI Issues Show Cause Notices to Seven Adani Group Companies for Regulatory Violations In Fiscal Year 2024

In the fiscal year 2024, seven out of the ten listed companies of the Adani Group were issued show cause notices by the Securities and Exchange Board of India (SEBI). These notices, which were issued during the fourth quarter stated violations including non-compliance with listing agreements and related party transaction norms. Despite these allegations, the companies reported that...

SEBI Issues Comprehensive Master Circular For ESG Rating Providers

The Securities and Exchange Board of India (SEBI) has released a Master Circular specifically aimed at Environmental, Social, and Governance (ESG) Rating Providers (ERPs). This circular, announced on July 12, 2023, consolidates existing guidelines and regulations under the Securities and Exchange Board of India (Credit Rating Agencies) Regulations, 1999 (CRA...

SEBI Amends Buy-Back Regulations To Exclude Material Price Movements

The Securities and Exchange Board of India (SEBI) has introduced amendments to the SEBI (Buy-Back of Securities) Regulations, 2018, via the SEBI (Buy-Back of Securities) (Amendment) Regulations, 2024. These changes, effective from May 17, 2024, focus on excluding the impact of material price movements and confirmed events when determining the volume-weighted average market price...

Kerala Court Directs Patanjali Ayurved's Baba Ramdev And Managing Director To Appear Before It In Misleading Advertisements Case

A Kerala Court has directed Patanjali Ayurved Co-founder Baba Ramdev and its Managing Director Acharya Balkrishna to appear before it on June 03, 2024 in a case of publishing misleading advertisements in English and Malayalam newspapers.The order was issued by Judicial First-Class Magistrate Court in Kozhikode. The Drugs Inspector, Office of the Assistant Drugs Controller, Kozhikode filed...

Kerala High Court Judge Writes To Advocates' Association Seeking Recommendations For Expeditious Disposal Of Pending Cases

Kerala High Court judge Justice Devan Ramachandran, being the Chairperson of the 'Arears Committee' and 'Committee For Making Recommendations For Expeditious Disposal Of Cases Pending In High Court', has sought recommendations from the Kerala High Court Advocates Association (KHCAA) to expedite the disposal of pending cases.Justice Ramachandran sought the support and cooperation of the Bar...