SEBI Refutes Hindenburg’s Claims, Highlights Ongoing Adani Probe, and Reaffirms Its Commitment to Transparency

Press Release No.17/2024, Dated: 11.08.2024 SEBI takes note of the Hindenburg Research report dated August 10, 2024, and advises investors to exercise caution. SEBI refutes claims of inaction against Adani Group, citing ongoing and completed investigations, and clarifies that any regulatory changes follow a rigorous consultation process. SEBI also emphasizes its commitment to transparency, investor […]

Revenue Recognition and Contracts with Customers under Ind AS 115 – Objective | Scope | Recognition

Ind AS 115, Revenue from Contracts with Customers, is an Indian Accounting Standard that provides a comprehensive framework for recognizing revenue. It requires entities to follow a five-step process: identifying the contract with a customer, identifying the performance obligations, determining the transaction price, allocating the transaction price to the performance obligations, and recognizing revenue when […]

SEBI Eases REITs/InvITs Nomination Rules Where Nominee Director Appointment Is Allowed Under Debenture Trustee Norms

Circular No. SEBI/HO/DDHS/DDHS-PoD-2/P/CIR/2024/108; Dated: 06.08.2024 Earlier, SEBI notified a master circular for REITs and InvITs dated May 15, 2024, allowing eligible unitholders to nominate only one Unitholder Nominee Director, subject to the unitholding of such eligible unitholders exceeding the specified threshold. Market participants have requested that clarity be provided on the availability of the right […]

MCA Launches E-Adjudication Platform | New Rule 3A Mandates E-Adjudication for Penalty Proceedings Under Cos Act

Notification No. G.S.R. 476(E)., Dated 05.08.2024 The MCA has amended the Companies (Adjudication of Penalties) Rules, 2014, whereby a new rule 3A- “Adjudication Platform” has been inserted. Under new rule, all proceedings (including issuing notices, filing replies or documents, presenting evidence, holding hearings, attending witnesses, passing orders, and paying penalties) of the adjudicating officer and […]