On 26 November 2024, the central government in India announced several proposals aimed at reforming the insurance sector, including raising the FDI limit for Indian insurance companies from 74% to 100%. Comments on the proposed amendments should be submitted by 10 December 2024 eMail to consultation-dfs@gov.in Government Office Memorandum is available here.
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Australia – ASIC Fines for Substantial Shareholding Reporting Failure
On 20 November 2024, AST ASIC said Mr Hatch was convicted and sentenced for failing to disclose his substantial shareholding in Copper Strike Limited and providing false information. He was sentenced to six months imprisonment, released immediately upon paying a AUD 2,000 fine; conditional release requires good behavior for 12 months. Pleaded guilty to authorizing…
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18 November 2024 – Poland Fines for Substantial Shareholding Failures
Poland Fines for Substantial Shareholding Failures
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18 November 2024 – India SEBI Fines 7 for Substantial Shareholding Failures
India SEBI Fines 7 for Substantial Shareholding Failures
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6 November 2024 – Netherlands AFM Fines for Failure to Report Substantial Shareholdings
Netherlands AFM Fines for Failure to Report Substantial Shareholdings
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India- SEBI Research Analyst Reporting Re:Shareholding
On 25 October 2024, IND SEBI issued a circular on the periodic reporting format for research analysts and proxy advisers as per the Research analysts regulations, 2014. Recognized BSE Limited as Research analyst administration and supervisory body. RAs and PAs must submit comprehensive reports covering organizational structure and compliance framework and the details of all…
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