tag:blogger.com,1999:blog-3202774368551476669.post6647466653640035179..comments2023-09-15T16:21:31.980+05:30Comments on INDIAN CORPORATE LAW: Companies (Amendment) Bill 2016: An AnalysisUmakanth Varottilhttp://www.blogger.com/profile/12438677982004444359noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-3202774368551476669.post-1110003270935951532016-08-04T23:06:42.338+05:302016-08-04T23:06:42.338+05:301)Provisioning relating to forward dealing and ins...1)Provisioning relating to forward dealing and insider trading to be omitted from The Companies Act 2013, the bill proposed... is it because such provisions already exist in SEBI Act? hence, insider trading will be dealt with according to SEBI Act provisions? Is it OK (given the corporate governance issue) that is omits insider trading from the Co Act? What's the rationale?<br />2)Restrictions on layers of subsidiaries is removed....will there be any potential problem of round tripping/ structured transactions that violate rules(again, corporate governance issue).<br />3) Kindly clarify test of materialty for pecuniary interest for testing independence for directors. Kindly clarify so that a layperson can understand.<br /><br />many thanks for writing this article, very insightful and informative!sankha.nbhttps://www.blogger.com/profile/11780675339117921807noreply@blogger.com