Archive for month: August, 2018
Director’s liability fines and penalties
/0 Comments/in Amendments to the Companies Act 2013, Companies Act 2013, Corporate Laws /by Vinod Kothari ConsultantsForeign Entities getting into Payment Systems in India
/0 Comments/in FEMA, Financial Services /by Vinod Kothari ConsultantsBy Vinita Nair, Vishes Kothari, Rajeev Jhawar & Simran Jalan
India is one of the most exciting markets for fintech startups. Several overseas entities, having already established businesses overseas, want to set up mobile wallets or payments systems in India. This makes them run into two laws, first by virtue of being an overseas entity desirous of moving funds in some form or the other into India, and second because it is entering the payment and settlement systems space. These bring complexities of foreign direct investment covered by Foreign Exchange Management Act, 1999, and nuances of skeletal, regulation-based law under Payment and Settlement Systems Act, 2007. This article intends to provide an easy-to-comprehend guide to the applicable regulations for overseas entities getting into payment systems in India. Read more →
Senior Management Official as Significant Beneficial Owner
/0 Comments/in Amendments to the Companies Act 2013, Companies Act 2013, Corporate Laws /by Vinod Kothari ConsultantsPooling of funds from public – Basic Concepts
/0 Comments/in Alternative investment Vehicles, Financial Services, SEBI /by Vinod Kothari ConsultantsIBC Second Amendment Bill : Salient Features
/0 Comments/in Insolvency and Bankruptcy /by Vinod Kothari ConsultantsMCA amends Cost Audit Rules in view of the GST requirements
/0 Comments/in Corporate Laws /by Vinod Kothari ConsultantsCircumstances where CIRP can be declared void after initiation
/0 Comments/in Insolvency and Bankruptcy /by Vinod Kothari ConsultantsRevised guidelines for companies to facilitate the claimant’s refund by IEPF Authority
/0 Comments/in Companies Act 2013 /by Vinod Kothari ConsultantsBy Nikita Snehil (corplaw@vinodkothari.com)
The Ministry of Corporate Affairs (‘MCA’) Vide its Notification[1] No. 07/05/2017-IEPFA, dated July 19, 2018 has revised and updated the guidelines for the company to facilitate the refund of the claims by IEPF Authority in light of the resubmission option provided in e-form IEPF-5.