Articles and Updates

• Divya Vig -

Following the introduction of the Insurance Laws (Amendment) Bill, 2008, the Insurance Regulatory and Development Authority (the IRDA) has issued a set of corporate governance guidelines for insurance companies. As insurers in India are yet to be listed, corporate governance requirements prescribed under the listing agreements and regulations issued by the Securities and Exchange Board of India (SEBI) do not currently apply to them.

• Sawant Singh -

The Indian securities market regulator, the Securities and Exchange Board of India (SEBI), issued a circular on 21 July which introduced the new clause 28A to the listing agreement. The provision states: “The company agrees that it shall not issue shares in any manner which may confer on any person, superior rights as to voting or dividend vis-à-vis the rights on equity shares that are already listed.” Unsurprisingly the new clause has generated questions, discussion and debate in the Indian legal, securiti

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Microfinance is not quite so micro anymore and, as the potential to book profits from it grows, so does its potential for scandal. It is the latter that has prompted a scramble to regulate the sector.

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The Securities and Exchange Board of India’s (SEBI) updated list of Regulations reflect a synthesis of SEBI’s original objectives of protecting retail investors, cushioning the market from systemic risks and facilitating the formulation of more focused and specific regulatory directions, on the one side; and stakeholder concerns on the other.

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Flying in the face of prevailing negative sentiments about government inaction and policy paralysis, the central Ministry of Commerce and Industry recently came out with a flurry of notifications liberalizing the foreign direct investment (FDI) regime.