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 […]
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 […]
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 […]
– 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 […]
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? […]
By Resolution Team (resolution@vinodkothari.com) The following is our quick summary of the ruling of the Apex Court. We may be coming up with detailed write-ups later.
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 […]