-Kanakprabha Jethani (kanak@vinodkothari.com) Background The Government of India had, in response to the crisis caused by the COVID-19 pandemic, announced an Emergency Credit Line Guarantee Scheme (ECLGS). Under the scheme, the Government undertook to guarantee additional facilities provided by Lending Institutions (LIs) to their existing borrowers[1]. These facilities were limited to business loans only. On […]
– To curb information asymmetry and risk of divulging UPSI Shaifali Sharma | Vinod Kothari and Company corplaw@vinodkothari.com Introduction Analyst and investor meets are one of the many ways of communicating and sharing information. Conducting periodical meetings, conferences, one-to-one meetings or con-calls with analysts or investors who wish to know more about the company, its […]
Permits submission through UPI mechanism and online interface -CS Henil Shah & CS Burhanuddin Dohadwala corplaw@vinodkothari.com Introduction In order to streamline the process in case of public issue of debt securities and to add an addition to the current Application Supported by Blocked Amount (‘ASBA’) facility. Securities and Exchange Board of India (‘SEBI’) vide its […]
–Megha Mittal (resolution@vinodkothari.com) In a first of its kind, the Hon’ble National Company Law Tribunal, Bengaluru Bench vide its order dated 16th November, 2020, in the matter of Synew Steel Private Limited[1], has ordered for direct dissolution from CIRP, thereby waiving off the mandatory requirement to undergo the liquidation process. The said order was inspired […]
Timothy Lopes – Senior Executive CS Harshil Matalia – Assistant Manager finserv@vinodkothari.com The year 2020 – ‘Year of […]
‘Technical’ contravention subject to minimum compoundable amount, format for public disclosure of compounding orders revised. – CS Burhanuddin Dohadwala | corplaw@vindkothari.com Introduction Compounding refers to the process of voluntarily admitting the contravention, pleading guilty and seeking redressal. It provides comfort to any person who contravenes any provisions of FEMA, 1999 [except section 3(a) of the Act] […]
FEMA (Non-Debt Instruments) Rules, 2019 requires to be aligned for few sectors. Bunny Sehgal | Associate | Vinod Kothari and Company corplaw@vinodkothari.com Introduction The Department for Promotion of Industry and Internal Trade (‘DPIIT’) issued the Consolidated FDI Policy, 2020 (‘FDI Policy, 2020’) on October 28, 2020[1] in supersession of all press notes/ press release/ clarifications/ […]
This article has been published in IBBI’s annual publication named Insolvency and Bankruptcy Board of India – A Narrative, (2020). See here
