Entries by Staff Publication

Update 30.01.2019- Clarification on Applicability of Rotation principles on a company as per Section 139 of the Companies Act 2013

Clarification on Applicability of Rotation principles on a company as per Section 139 of the Companies Act 2013 where the company ceases to fall under the ambit of Rotation principles in subsequent years- This is regarding the applicability of Rotation principles on a company as per Section 139 of the Companies Act 2013 where the company […]

Servicing Asset and Servicing Liability: A new by-product of securitization under Ind AS 109

By Beni Agarwal (finserv@vinodkothari.com) Securitisation has gained popularity in India in the recent times, however, one more concept that has grown parallel to it is, direct assignment. In fact, at times, direct assignments have overpowered securitisation in the Indian market[1]. Financial institutions have been using these extensively to address their liquidity issues. However, if there […]

SEBI proposes to liberalise norms for REITs & InvITs

By Simran Jalan (simran@vinodkothari.com) Introduction Infrastructure Investment Trusts (InvITs) is an innovative vehicle that allows investors to invest in infrastructure assets. It was established with an objective of easing out the liquidity crunch in the infrastructure space. Real Estate Investment Trusts (REITs) has been one of the most important vehicles for making collective investments in […]

Update 28.01.2019- Consultation paper for amendment of SEBI InvITs Regulation, 2014 and SEBI REITs Regulation, 2014

– The following are the proposals for amendment: Reduction in the minimum allotment and trading lot for publicly issued InvITs and REITs-  REITS INVITS Current regulatory framework ·         Minimum subscription in an initial offer and a follow- on offer from any investor shall be Rs. 2 lakhs. ·         The prescribed trading lot for the purpose of trading of units of the REIT […]

MCA requires reporting of ‘what is not a deposit’!

By Munmi Phukon, (munmi@vinodkothari.com)   Introduction The Ministry on 22nd January, 2019, issued a Notification[1] prescribing certain amendments in the Companies (Acceptance of Deposits) Rules, 2014 which have been made effective from the same date. Undoubtedly, the amendments are of much significance. However, what remained unrevealed is, the intent. What do these amendments talk about? […]

Classification and reclassification of financial instruments under Ind AS

By Team IFRS & Valuation Services (ifrs@vinodkothari.com) (finserv@vinodkothari.com) Background As India moves into Indian Accounting Standards (Ind AS), one standard which the accountants will be wary about is the Ind AS 109: Financial Instruments. This standard is an adaption of the International Financial Reporting Standard 9.  Ind AS 109 specifically provides for the manner in […]