Withdrawal of Buyback Offer due to COVID 19: Thomas Cook India Ltd case

By Shivanjali Shukla, Student at Jindal Global Law School

On 12th February 2021, the Securities and Exchange Board of India (SEBI) approved Thomas Cook India to withdraw its buyback offer. This was a rare move by SEBI. The reasoning given by the company for withdrawing the offer was the deterioration in the financial position of the company due to the COVID 19 pandemic which had led to the situation where it was impossible to perform the buyback.

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Never-ending Controversy of Investor Advisers’ Implementation Services & Fees

By Gaurav Pingle, Practising Company Secretary ( gp@csgauravpingle.com )

Introduction

Regulation 22A was introduced to the SEBI (Investment Advisers) Regulations, 2013 (‘SEBI (IA) Regulations’) by an amendment introduced in 2020. The said regulation relates to ‘Implementation of advice or execution’. This article is an analysis of the provisions relating to the newly introduced Regulation – Implementation of advice or execution by Investment Advisers (IAs) along with an analysis of several interpretative letters under SEBI (Informal Guidance) Scheme, 2003.

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India’s Bid Towards the Revival of Equity Overseas Listing

Anisha Sarkar, Student at SNDT Women’s University Law School

The primary advantages of integration of Indian securities market with the global capital market are two-fold— firstly, it offers companies alternative jurisdictions, beyond their domestic sphere, to raise capital, garner a global presence in the world economy and access sophisticated market participants; secondly, it creates a geographically diversified investment portfolio for investors across the globe that enables the mitigation of systematic investment risks. While the outcome of such internationalization is favorable, it presents a series of legal challenges, hence thrusting the herculean task of framing regulations upon the financial regulatory authorities, that provide liberty to Indian companies to list their stocks across jurisdictions without compromising on the country’s domestic interests. 

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