On 14 February 2023, ITA GVT issued MEF rules on controlled companies boards. ITA GVT announced public shareholdings directive of Minister of Economy and Finance. Re procedures to appoint members of corporate bodies of ministry owned companies. Directive registered with the Court of Auditors on 9 February 2023 with number 128. Overview It amends the…
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In this Story, Short Sellers are not the Bad Guy
There’s been a deluge of press about the collapse of Adani Group after a report from Hindenburg Research which accuses Adani Group of read more .
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Taiwan – EXC Investment Holding Company
On 10 February 2023, TAI TPEX amended supplemental rules governing applications by group enterprises for TPEX listing of stock, to protect rights, interests of shareholders. Issuing company should submit a checklist completed by the recommending securities firm when applying for OTC listing, to prevent shell investment holding companies. Also made the same changes to rules…
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India – SEBI Issuer Articles of Association
On 9 February 2023, IND SEBI clarified re time frame for amending articles. IND SEBI issued a circular to clarify on the compliance by the first-time issuers of debt securities under SEBI issue and listing of non-convertible securities, regulations 2021. Clarification Some first-time issuers in the process of preparing for their first listed privately placed…
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India – Overseas Short Selling Cause of Adani Collapse
A government probe into the collapse of Adani market capital revealed overseas short selling in shares of Adani is responsible for the $100B rout.
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Rulefinder Alerts to Temporary Short Selling Bans
On 9 February, Rulefinder alerted to new temporary short selling bans in S Korea. These new short selling bans are effective 10 February 2023.
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