Category: Payaswini Upadhyay
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Should investors be subjected to “gift-tax” when subscribing to listed shares?
Listed companies generally issue the shares at SEBI mandated floor price. However, allotment of shares due to procedural requirements can happen only after a month or more resulting in stock price run up and notional gains This run up in market price may inadvertently be caught under ambit of “gift tax”, which seeks to tax…
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SEBI Reaffirms Its Linde Order: Non-Cash Deal Terms Must Be Valued
SEBI Reaffirms Its Linde Order: Non-Cash Deal Terms Must Be Valued July 30, 2024 Authors: Shreejith R & Payaswini Upadhyay What? SEBI reiterates its order against Linde India; finds the company in violation of related party provisions under the Listing Regulations Linde had entered into a joint venture with Praxair, its unlisted associate. They also…
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SEBI vs Hindenburg: Separating The Law From The Noise
SEBI issues show-cause notice to Hindenburg, alleges violation of securities laws and fraud Hindenburg in its public response calls SEBI’s notice as ‘non-sense’ and lacking substance ….
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The Road To Take-Private In India: What’s The Most Efficient Route For Deal-Making?
Fixed price delisting debuts as an alternative to RBB, but lackluster in the absence of counter-offer ability Reverse Book Building (RBB) made a bit more palatable with easing of counteroffer mechanics, yet route continues to remain inadequate ….
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IPO-Bound Companies: SEBI Sees Private Equity’s POV
IPO-Bound Companies: SEBI Sees Private Equity’s POV June 27, 2024 Authors: Anirudha Sapre & Payaswini Upadhyay What? SEBI, in an advisory to merchant banks, has allowed for investor protection rights of a shareholder (such as board seat, veto, pre-emptive rights etc) to continue till the company is listed SEBI’s earlier advisory [dated May 29] required…
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Telangana High Court’s GAAR Ruling: Much Ado About Nothing?
NEWSWIRE NewsWire aims to deliver a comprehensive range of perspectives on regulatory developments, landmark judicial decisions, governance, and policy matters. We believe in the strength of collaboration to provide insights that are both actionable and well-considered.NewsWire aims to deliver a comprehensive range of perspectives on regulatory developments, landmark judicial decisions, governance, and policy matters. We…