listed company

The Ministry of Corporate Affairs (MCA) has decided to relax the norms for companies to maintain minimum paid-up capital. According to the Companies Act 1956, the minimum paid-up capital for a private company is Rs 1 lakh and for a listed company Rs 5 lakh. According to official sources, while a company can be set up with any amount, but within a time-frame of two years it should raise the capital to Rs 1 lakh and Rs 5 lakh for unlisted and listed companies, respectively.. Full Article

The World Bank defines accountability as “the obligation of power-holders (those who hold political, financial or other forms of power) to take responsibility and answer for their actions”. It defines social accountability as “the broad range of actions and mechanisms (beyond voting) that citizens and their organisations can use to hold societal power-holders (such as the state) to account, as well as actions on the part of government, civil society, media and othe.. Full Article

The single-most important regulation in India, governing the acquisition of shares or control in an Indian listed company is the SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 1997, or the Takeover Code. In the backdrop of changing needs of a dynamic Indian economy surging at a growth pace of more than 7 per cent over the last few years, this code has been tested during many a corporate takeover battle in India, observes Girish Vanvari, Executive Dire.. Full Article

The Institute of Company Secretaries of India (ICSI) has recommended to the Government that the maximum number of listed companies where one can be a director be restricted to seven. ICSI has also mooted capping the tenure of independent directors at six years. In its report on ‘Strengthening Corporate Governance Framework' submitted to the Corporate Affairs Minister, Mr Salman Khursheed, ICSI suggested a clear demarcation of the roles and responsibilities of the Chair.. Full Article

Markets regulator SEBI has decided to allow companies to auction their shares in a follow-on public offer (FPO) to qualified institutional buyers (QIBs) at differential prices above the floor, while retail investors will get shares at the floor price. Full Article

I recently heard that MTN will ask for Dual listing if Merger or takeover deal between Bharti and MTN happens. I wondered what this is all about as we haven’t witnessed such listing in India in past and neither I found  any provisions of dual listing in our country’s law although government official some times [...] Full Article

SEBI Committee on Disclosures and Accounting Standards (SCODA) has recommended mandatory rotation — every five years — of the partners of the audit firms signing the accounts of a listed company. Full Article

The Securities and Exchange Board of India (Sebi) may have finally found the solution to deal with companies defaulting on payment of listing fees. The market regulator is considering a proposal, whereby companies below a certain threshold of paid-up capital will be asked to make a one-time lumpsum payment to the stock exchanges, on which [...] Full Article