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Latest from the Regulator - April 2025
Corporate Affairs Ministry Proposes Changes to Fast-Track Mergers
India's Ministry of Corporate Affairs has proposed amendments to widen the scope of fast-track mergers under Section 233 of the Companies Act, 2013. The objective is to simplify and speed up the merger approval process, improving ease of doing business. The ministry has delegated related powers to regional directors and is seeking public feedback on the proposed changes until May 5. These reforms align with the Union Budget's announcement to rationalize merger procedures and facilitate quicker corporate restructuring.
SEBI partners with DigiLocker to protect nominee interest after investor's death to reduce unclaimed assets
The Securities and Exchange Board of India (SEBI) has collaborated with cloud-based security platform DigiLocker to safeguard nominee interests and minimize unclaimed assets after an investor's death. This collaboration shows that the regulator is focusing on leveraging the security of the digital platform to offer investors its services. This initiative allows investors to store and share key investment details such as demat and mutual fund holdings through DigiLocker. In the event of the investor's demise, nominees will receive timely notifications, ensuring smoother transfer of assets. SEBI has mandated relevant market entities to integrate with DigiLocker for this purpose.
SEBI extends PAN freeze to immediate kin of insider trading norm violators
The Securities and Exchange Board of India (SEBI) has expanded its enforcement of the insider trading norms by extending the PAN freeze to the immediate kin of violators. This means that if an individual is found violating insider trading regulations, their immediate family members will also face restrictions on their trading activities. The move aims to curb the misuse of insider information and ensure stricter compliance with SEBI's regulations. This measure is part of SEBI's broader efforts to address insider trading issues and enhance market integrity.
The changes come after SEBI suspended Gensol Engineering and its promoters from trading in the markets after it found that funds borrowed for business purposes were misappropriated and faulty and fake disclosures about the loan default were made to credit rating agencies. The promoters were found to be trading in the stocks of Gensol through Wellray Solar, another related party of the company, SEBI found. BluSmart, an EV ride hailing service was among the related parties of Gensol.
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Institute of Directors India
Bringing a Silent Revolution through the Boardroom
Institute of Directors (IOD) is an apex national association of Corporate Directors under the India's 'Societies Registration Act XXI of 1860'. Currently it is associated with over 31,000 senior executives from Govt, PSU and Private organizations of India and abroad.
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Disclaimer: The opinions expressed in the articles/ stories are the personal opinions of the author. IOD/ Editor is not responsible for the accuracy, completeness, suitability, or validity of any information in those articles. The information, facts or opinions expressed in the articles/ speeches do not reflect the views of IOD/ Editor and IOD/ Editor does not assume any responsibility or liability for the same.
