Sebi mulls expanding scope of unpublished price-sensitive information, ET LegalWorld
To enhance transparency in market disclosures, Sebi is looking to broaden the scope of Unpublished Price Sensitive Information (UPSI) by including proposed fundraising activities, restructuring plans, and one-time bank settlements. In its consultation paper, Sebi has proposed that only agreements, including shareholder, joint venture and family settlement, that affect the management and control of the […]
Delhi High Court clarifies Scope of “patent illegality” in Arbitration; upholds limited grounds for challenging awards, ET LegalWorld
The Delhi High Court has held that the ground of “patent illegality” is applied when there is a contravention of the substantive law of India, the Arbitration Act, or the rules applicable to the substance of the dispute. Thus, the term “patent illegality” does not apply to legal violations that are unrelated to matters of […]
SCOPE gets SEBI nod to launch USD 50 mn Venture Capital Fund, Legal News, ET LegalWorld
Start-up networking platform SCOPE has received market regulator SEBI nod to launch a USD 50 million venture capital fund which will invest in high-potential startups in the fintech and gaming sectors with a focus on India and the US, the company said on Friday. SCOPE’s venture capital fund will offer investments ranging from USD 500,000 […]
Sebi mulls expanding scope of informal guidance scheme, raises fees, ET LegalWorld
Capital markets regulator Sebi on Friday proposed changes to the informal guidance scheme to expand the list of applicants that can seek guidance under the plan and enhance the fee for making an application. In its consultation paper, Sebi has proposed that stock exchanges, clearing corporations, depositories and managers of a pooled investment vehicle registered […]