As some of the recent IPOs including those of new-age technology, e-commerce, and fintech companies have come under pressure, the SEBI is tightening regulations to avoid an exodus of investors. A cap has also been imposed on the quantum of funds that can be raised for use in future acquisitions. Our brief client presentation highlights these points.
India tightens beneficial ownership disclosure requirements
Download .pdf India’s Ministry of Corporate Affairs (the “MCA”) has notified the Companies (Management and Administration) Second Amendment Rules, 2023 (the “Amendment Rules”), which amend Rule 9 of the Companies (Management and Administration) Rules, 2014 (the...