Author Archive for: vishesh
Entries by Vinod Kothari Consultants
Bitcoins in trouble?
Vallari Dubey finserv@vinodkothari.com Bitcoin as a virtual currency has seen its ups and downs, and quite recently, a surge in the graph of the currency, tells us an interesting story. Amidst the growth of crypto-currency market worldwide, much has been said about plenty of risk that bitcoin brings with itself.
FAQs on Disqualification of Directors under Companies Act, 2013
By Team Vinod Kothari & Company (corplaw@vinodkothari.com) This version is dated October 3, 2017 ________________________________________________________________________________ Continuing the crackdown on shell companies, MCA in its Press Release[1] issued on September 6, 2017, expressed that the government will soon take steps against the directors of the shell companies which have not filed returns for three or more […]
First Information Utility set up under IBC
National E-Governance Services Ltd. receives final nod from IBBI Vallari Dubey resolution@vinodkothari.com The Insolvency and Bankruptcy Board of India (“IBBI”) has granted the final approval to National e-Governance Services Ltd. (NeSL), allowing it to become the first information utility (“IU”) under the Insolvency and Bankruptcy Code, 2016 (“the Code”). Earlier in June, 2017, IBBI […]
APPLICATION UNDER SARFAESI- A Liberal Approach by the Supreme Court
By Richa Saraf, (legal@vinodkothari.com)
DECIPHERING “DISPUTE” IN INSOLVENCY AND BANKRUPTCY CODE
By Richa Saraf, (legal@vinodkothari.com) -Mobilox Innovations Pvt. Ltd. v. Kirusa Software Pvt. Ltd.[1]
SEBI’s Yet Another Move to Ensure Minimum Public Shareholding
By Parul Bansal, (corplaw@vinodkothari.com) Background With the development of the economic conditions of the country, various investors including the retail investors are stepping into the securities market with the intention to earn higher return on their investments which has lead to large portion of their income being invested in shares, bonds or securities of listed […]
Plight of a Power of Attorney Holder Vis-À-Vis Insolvency Proceedings
By Richa Saraf, (legal@vinodkothari.com) –Palogix Infrastructure Pvt. Ltd. v. ICICI Bank Ltd.[1] The Hon’ble National Company Law Appellate Tribunal (NCLAT) has held that ‘Power of Attorney’ holders are not authorized to present Insolvency Application under Section 7, 9 and 10 of the Insolvency and Bankruptcy Code, 2016 (IBC). It is only authorized representatives, duly authorized […]