Author Archive for: vishesh
Entries by Staff Publication
Further relief for corporates announced by the FM – amid Covid-19
Vinod Kothari & Company corplaw@vinodkothari.com
Companies under IBC-quarantine, get GST-rebirth
-Vinod Kothari [vinod@vinodkothari.com] Resolution is not a re-birth of an entity – it is simply like nursing a sick entity back to health. It is almost akin to putting the company under a quarantine – immune from onslaught of creditor actions, while the debtor and/or the creditors prepare a revival plan. The objective is that […]
SEBI relaxes timelines at the time of disruption caused by COVID-19
Vinod Kothari & Company corplaw@vinodkothari.com Below is a short snippet of the relaxed timelines issued by the securities market regulator in the wake of the disruption caused by COVID-19.
Is capital relief allowed for on-balance sheet securitisations?
Timothy Lopes, Executive, Vinod Kothari Consultants finserv@vinodkothari.com Non-Banking Financial Companies (NBFCs) have been actively involved in the securitisation market, being one of its major participants at the originating as well as investing front. One of the key motivation of a securitisation transaction is its ability to take the loans off the books of the originator, […]
CSR funds may be used for COVID-19 relief, clarifies MCA
Team Vinod Kothari & Company | corplaw@vinodkothari.com Updated on 29th March, 2020 Like all other public agencies, MCA has been taking a series of steps in the wake of the rapidly spreading COVID-19 and issued clarification[1] on spending of CSR funds for COVID 19 stating that the amount spent on COVID-19 by companies will count […]
Reckoning banks’ loans to NBFCs for on-lending to priority sectors for PSL targets
-Financial Services Division (finserv@vinodkothari.com) The Master Direction – Priority Sector Lending – Targets and Classification[1] issued by the Reserve Bank of India (RBI) mandates Scheduled Commercial Banks (SCBs) to lend a specified percentage of their Adjusted Net Bank Credit (ANBC) to the specified ‘needy’ sectors called the Priority Sectors. Further, in order to assist […]
COVID-19 preparedness: some questions on MCA Form CAR-2020
Vinod Kothari and Company; corplaw@vinodkothari.com Updated as on 23rd March, 2020 All companies and LLPs must have, by now, got mailers from the Ministry of Company Affairs about COVID-19 preparedness, and the need to file a web based form CAR 2020 i.e. Company Affirmation of Readiness towards COVID 19. The MCA circular is nothing but […]
Remunerating NEDs and IDs in low-profit or no-profit years
Ambika Mehrotra corplaw@vinodkothari.com The role of non-executives (NEDs) and independent directors (IDs) in an organization in bringing their unbiased views, transparency and good governance in the corporate culture has already been recognized globally. The NEDs including IDs are not typically engaged in the day-to-day management but their responsibilities inter-alia include monitoring of the functioning of […]