BUSINESS
SEBI turns heat on ‘pump and dump’ perpetrators
Prompt action and stiff penalties in a ‘pump and dump’ case reveal the regulator’s concern and determination to root out such harmful practices
BUSINESS
The illusory world of independent directors
Independent directors should maintain a distance from the company, its promoters and the management; but the irony is that they are nominated and appointed by the promoters
BUSINESS
India’s shareholders are using their empowerment to the fullest now
Over time, rules and provisions have evolved to give public shareholders enough power to have a say in major matters of the company
BUSINESS
How well do corporate governance, laws work against preventing corporate frauds?
A recent SEBI ruling about a company allegedly involved in fraudulent transactions and siphoning off funds through related party transactions has some lessons
BUSINESS
Market bonanza for ESOP holders, issuers, but don’t ignore the risks
Employees and employers may find the going great as rising equity valuations boost ESOPs, but they need to insulate from the inevitable market fall when it happens
BUSINESS
SEBI, NFRA together an effective force against accounting irregularities in listed companies
A recent order by the capital market regulator shows reliance on the accounting regulator’s report. Company finance executives, audit committees and even boards should take note
BUSINESS
Wake-up call for independent directors after stiff penalty imposed by SEBI
Independent directors, tragically for corporate governance, seem unaware of the elaborate role expected of them and the risks they face
BUSINESS
The tax twists that emerge on disgorgement of illegitimate profits
When SEBI punishes wrongdoers by asking them to disgorge illegal gains, it raises an important issue of treatment of income tax on these gains as well
BUSINESS
Is an HUF structure a no-brainer for managing taxes and assets? Warts you should be aware of
In an era where joint families are no longer the norm and even in nuclear families couples prefer to keep finances separate, combining it in a HUF can lead to grief later on
BUSINESS
Cooling period for independent directors: Is there a loophole?
Government and regulators should be on the alert. A 3-year cooling period after two 5-year terms for independent directors will take place in 2024. But companies are searching for a way out by @JayantThakur
BUSINESS
Has the ban on electoral bonds solved the problem of election expenditure?
Eliminating political corruption requires a deep cleanse that can encourage businesses to support the right causes for a better future for the country
BUSINESS
SEBI's intervention to address market 'froth' takes it into uncharted territory
Regulatory warnings have the power to make investors doubt their own due diligence behind their investments. While SEBI is justified in warning on small, midcap segments, shouldn’t it wait until it has gathered enough evidence or if it has to then disclose its findings?
BUSINESS
Stock options trading settlement scheme 2024 – a never ending saga?
It will soon be a decade since these transactions took place but there is no sign of the issue attaining closure. There are lessons in it for future cases
BUSINESS
How effective is SEBI’s advisory to MFs on small and midcap fund schemes?
The regulator’s nudge and getting adequate disclosures may not be enough to protect small investors and instead, some direct intervention may be need of the hour
BUSINESS
Company boards to see major churn in 2024 as independent directors may vacate office
The Companies Act 2013 says independent directors can have two terms of five years each, a deadline which may end in 2024
BUSINESS
Does SEBI’s action against TV experts have a basis in law?
In cases such as insider trading or front-running, specific and general regulations exist to prosecute offenders. But in this case, is there a legal or even a commercial basis?
BUSINESS
Why laws on independent directors need to be tailored to suit Indian conditions
The CII Guidelines on independent directors fail to deal with two elephants in the room, as they are modelled on western principles
BUSINESS
MCA seeks to shine light on hidden owners of companies
Notices have gone out to companies and their directors asking them to identify real owners of significant holdings. What changes can this bring about?
BUSINESS
PMLA needs an urgent review to make it less draconian
The money laundering law’s wide embrace has the potential to make it an obstacle in the ease of doing business in the country
BUSINESS
SEBI needs to nip the Baaps of Scams in the bud
A cursory search on any social media site will get us innumerable ‘educators’ and finfluencers actively courting viewers. The fact that finfluencers can easily swindle the public must be dealt with by SEBI effectively
BUSINESS
SEBI’s guidelines on material event disclosures a boon for shareholders
This is a good move for investors to be abreast of material events but a company’s job on the compliance front has become much tougher
BUSINESS
Is SEBI finally getting tough on insider trading?
It has always pursued insider trading cases with vigour but in a few cases has levied stiff penalties, in a departure from past trends
BUSINESS
Fractional shares – a risky experiment?
The proposal of allowing fractional share issue by companies won’t be lapped up by companies. Firms can issue bonus shares to bring the price down or even Differential Voting Rights shares at a discount
BUSINESS
MCA proposes a tough and separate regime for large unlisted companies
A separate regime for unlisted companies is a good idea but has to be executed carefully and most importantly, an independent regulator should oversee the regime
