logo
logo

Swift e-Bulletin

Introduction

Edition 23/21-22

Week – September 06th to September 10th

Quote for the week:

“The man who does not read good books has no advantage over the man who cannot read them.” 

  -Mark Twain

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 and Exchange Board of India (“SEBI”) and critical judgements and orders passed by the  SEBI, High Court and Supreme Court.

The Regulatory authorities provided various updates/relaxations, some of which being:

  1. SEBI amends SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 (“LODR Regulations”)

We have prepared a comprehensive summary for quick reference of the aforesaid updates and Judgements / orders issued during the week of September 06, 2021 to September 10, 2021.

 

Thank you,

Swift team

Table of Contents

REGULATORY UPDATES

SEBI UPDATES

  1. SEBI introduces shorter trade settlement cycle vide Circular dated September 07, 2021
  2. SEBI amends SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 (“LODR Regulations”) vide Gazette Notification dated September 07, 2021
  3. SEBI amends SEBI (Certification of Associated Persons in the Securities Markets) Regulations, 2007 (“CAPSM Regulations”) vide Gazette Notification dated September 07, 2021

JUDGEMENTS/ ORDERS

SEBI

  1. SEBI barred 85 entities from the capital markets for manipulating the company's share price
  2. SEBI impose penalty on M/s Anurodh Merchandise Private Limited for not making disclosure under SEBI (SAST) Regulations, 2011

HIGH COURT

  1. Dispute arose between ‘ITMA Hotels’ and ‘Ammyts Interior’ over two separate work orders regarding non-payment of the Running Account Bills (RA Bills)

SUPREME COURT

  1. Delhi Metro Rail Corporation Ltd. (“DMRC”), proposed implementation of the Airport Metro Express Line project in New Delhi

 

logo

About Swift

Swift India Corporate Services LLP (“Swift”) (Formerly known as SwiftIndiaInc Corporate Services Private Limited) established in the year 2005, is an associate entity of Nishith Desai Associates — Legal & Tax Counseling Worldwide (legal and tax consulting firm).

We are a team of professionals with rich corporate, legal and secretarial backgrounds. We are a premier corporate compliance firm that caters to the needs and demands of our global clients. Swift aims to provide quick and pragmatic corporate solutions alongside high-quality compliances.

  

 

Swift India Corporate Services LLP

 

Regd. Office: 91-92 B, Mittal Court, Nariman Point, Mumbai 400 021, India

LLPIN: AAH-4705, registered under the Limited Liability Partnership Act, 2008

Tel +91 22 6669 5000, Fax +91 22 6669 5001

 


www.swiftindiallp.com