By Mayank Agarwal (finserv@vinodkothari.com) The 25th meeting of the GST Council held on 18th January, 2018 has shown that the Government has not turned a blind eye to the pleas of the industry and is willing to cooperate with them to make GST a more simplified and business-compliant structure of the Indirect Taxation System. The amount of […]
corplaw@vinodkothari.com *Quick Summary by CS Dheeraj Kr. Sharma of:* *1. Companies Incorporation (Amendment) Rules, 2018* *2. Companies Appointment and Qualification of Directors (Amendment) Rules, 2018* *3. Companies Registration Offices and Fees (Amendment) Rules, 2018* – INC-1 discarded. Now _Registration of Unique Name_*(RUN)* to be used for Reservation of Name and Change of Name of existing companies. […]
Vallari Dubey & Saloni Mathur finserv@vinodkothari.com corplaw@vinodkothari.com Introduction In the words of Mr. Nassim Nicolas Talib, “Bitcoin is the beginning of something great, a currency without a government, something necessary and imperative.”
By Saloni Mathur , (finserv@vinodkothari.com) The SEBI vide its circular dated 18th January 2018[1](‘Circular’) issued guidelines on participation by the strategic investors in InVIT’s and REIT’s. These guidelines have been issued in pursuance to the powers conferred on SEBI as per the provisions of the section 11(1) of the Securities and Exchange Board of India […]
By CS Nikita Snehil | (corplaw@vinodkothari.com) Manager | Vinod Kothari & Company The intent behind bringing the amendment in Companies Act, 2013 is to clear the ambiguities in the current provisions in order to strengthen the corporate governance and to help improve ease of doing business in the country. Therefore, in order to remove the […]
By Abhirup Ghosh, (abhirup@vinodkothari.com, finserv@vinodkothari.com) The GST Council met for the 25th time on 18th January, 2018 to modify the GST law in order to tackle the difficulties being faced in the market. The Council recommended several changes to the law among and one of the change that has can cause a significant impact on […]
Absenteeism in voting – an Oxymoron Nitu Poddar resolution@vinodkothari.com This note deals with the question whether, in determination of the assent at a Committee of Creditors in resolution proceedings, the votes of such creditors who (a) do not vote at all, at an electronic voting; or (b) abstain from voting at the meeting itself [collectively […]
By Saloni Mathur (finserv@vinodkothari.com) Introduction There has been a shift in the paradigm of the performance of the direct selling agents. The role and responsibilities of the direct selling agents have witnessed a revolution, where they are required to comply with certain codes as prescribed by the government from time to time, and follow certain […]
Vallari Dubey resolution@vinodkothari.com In the matter of RBL Bank Ltd. v. MBL Infrastructures Ltd., Order of NCLT dated 18th December, 2017. Background of the Case: In the case of RBL Bank Ltd. v. MBL Infrastructures Ltd.[1] a resolution plan, submitted by the promoter was rejected after the Insolvency and Bankruptcy (Amendment) Ordinance, 2017 (‘Ordinance’), […]