Entries by Staff Publication

SEBI introduces enhanced disclosure and standardized reporting for AIFs

Timothy Lopes, Executive, Vinod Kothari Consultants Pvt. Ltd. finserv@vinodkothari.com SEBI has vide circular dated 5th February, 2020[1] introduced a standard Private Placement Memorandum (PPM) and mandatory performance bench-marking for Alternative Investment Funds (AIF). The move is part of SEBI’s initiative to streamline disclosure standards in the growing AIF space. The changes are made based on […]

NBFC Allied Activities: Corporate Insurance Agency and Mutual Fund Distribution

– Harshil Matalia, Executive, Vinod Kothari Consultants Pvt Ltd finserv@vinodkothari.com Introduction Non-Banking Financial Companies (NBFCs) are companies that are principally engaged in financial activities. Financial activities include the activities that result into creation of financial assets in the books of the company or generation of financial income for the company undertaking such activity. NBFCs can […]

SEBI brings in revised norms for Portfolio Managers

Timothy Lopes, Executive, Vinod Kothari Consultants Pvt. Ltd. finserv@vinodkothari.com The securities market regulator has recently introduced the new SEBI (Portfolio Managers) Regulations, 2020 (PMS Regulations), bringing in several changes to the Portfolio Management industry, including doubling the ticket size for investments and increasing the net-worth requirement of Portfolio Managers. The Portfolio Management Services (PMS) industry […]

Recent Developments in Corporate Laws

In its stride to achieve transparency, good governance, and ease of doing business, the Government has time and again introduced amendments, proposed new ideas in the corporate laws. The very recent example of such changes are (a) Changes in RPTs proposed in LODR; (b) Minority Squeeze outs under Companies Act; and (c) introduction of Winding-up […]

Comparative Analysis of provisions enabling majority shareholders to squeeze out minorities

Harshil Matalia, Executive, Vinod Kothari & Company corplaw@vinodkothari.com Introduction Squeezing out minority shareholders has gradually become an area of intense interest and scrutiny. With the recent set of notifications, Ministry of Corporate Affairs (MCA) has opened yet another way of squeezing out minority shareholders. The MCA has recently notified[1] sub section (11) and (12) of […]