Entries by Vinita Nair Dedhia

Maintenance of security cover for secured debt made transparent by SEBI

Debenture trustees responsible for monitoring the security cover and covenants effective October 1, 2022 – Vinita Nair, Senior Partner | corplaw@vinodkothari.com Background Securities and Exchange Board of India (‘SEBI’) is carrying out radical changes in relation to monitoring the security cover and covenants with respect to listed debt securities. Recently, SEBI amended SEBI (Listing Obligations […]

Lost in Layers: lower threshold for subsidiaries under ODI norms raises concern

Vinita Nair, Senior Partner | Vinod Kothari & Company | corplaw@vinodkothari.com It is quite common for entities to have subsidiaries in India and outside India in order to undertake business activities. The norms for incorporating a subsidiary in India is mainly governed by provisions of Companies Act, 2013 (‘CA, 2013’) and also the FDI norms […]

Revised ODI Norms: A step towards greater clarity & liberalization?

FCS Vinita Nair | Senior Partner, Vinod Kothari & Company | corplaw@vinodkothari.com Investments by Indian entities outside India is a very common phenomenon and several companies have presence outside India by virtue of forming a Joint Venture (‘JV’) and Wholly Owned Subsidiaries (‘WOS’). While the intent is to permit investment overseas, however, with reasonable fetters […]

Trading window restrictions get hardwired as trading freeze at PAN level for DPs

SEBI extends the requirement to all listed entities in phased manner Vinita Nair & Aisha Begum Ansari | Vinod Kothari & Company | corplaw@vinodkothari.com July 20, 2023 (Updated as on March 30, 2024) Background SEBI (Prohibition of Insider Trading) Regulations, 2015 (‘PIT Regulations’) inter-alia prohibits trading by a Designated Person (‘DP’) when the trading window […]