Articles and Updates

• Sawant Singh -

The Indian securities market regulator, the Securities and Exchange Board of India (SEBI), issued a circular on 21 July which introduced the new clause 28A to the listing agreement. The provision states: “The company agrees that it shall not issue shares in any manner which may confer on any person, superior rights as to voting or dividend vis-à-vis the rights on equity shares that are already listed.” Unsurprisingly the new clause has generated questions, discussion and debate in the Indian legal, securiti

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Microfinance is not quite so micro anymore and, as the potential to book profits from it grows, so does its potential for scandal. It is the latter that has prompted a scramble to regulate the sector.

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The Securities and Exchange Board of India’s (SEBI) updated list of Regulations reflect a synthesis of SEBI’s original objectives of protecting retail investors, cushioning the market from systemic risks and facilitating the formulation of more focused and specific regulatory directions, on the one side; and stakeholder concerns on the other.

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Flying in the face of prevailing negative sentiments about government inaction and policy paralysis, the central Ministry of Commerce and Industry recently came out with a flurry of notifications liberalizing the foreign direct investment (FDI) regime.

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The recent enactment of the Banking Laws (Amendment) Act,2012, and the Enforcement of Security Interest and Recovery of Debts Laws (Amendment) Act, 2012, should provide a stimulus to this sector.