Introduction
Edition 36th 22-23
Week – December 19th to December 23rd
Quote for the week:
“Self-belief and hard work will always earn you success”
– Virat Kohli.
We welcome you to our weekly newsletter!
The ‘Swift e-Bulletin’ - weekly newsletter, covers all regulatory updates and critical judgements passed during the week. We hope that you liked our previous editions and found it to be of great value in its content. We want this newsletter to be valuable for you so, please share your feedback and suggestions to help us improve.
Further, various regulatory authorities have been proactive in bringing significant regulatory changes in recent challenging times. This week’s newsletter covers various circulars/notifications issued by certain regulatory authorities such as the securities Exchange Board of India (“SEBI”), Insolvency and bankruptcy Board of India (“IBBI”), International Financial Services Centres Authority (“IFSCA”) and orders from SEBI.
The Regulatory authorities provided various updates/relaxations, some of which being:
- SEBI vide Circular dated December 19, 2022 issued clarification on enhanced guidelines for debentures trustees and listed issuer companies on security creation and initial due diligence.
- IBBI vide Circular dated December 21, 2022 issued the Proforma for reporting the liquidator’s decision(s) when it is in variance with the Stakeholders’ Consultation Committee (SSC) under Regulation 31A of IBBI (Liquidation Process) Regulations, 2016.
We have prepared a comprehensive summary for quick reference of the aforesaid updates and Judgements / orders issued during the week of December 19th to December 23rd, 2022.
Thank you,
Swift team
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