–Anita Baid and Richa Saraf (legal@vinodkothari.com) Introduction With the evolution of technology, the way of executing documents have also evolved. With the increasing demand for modern, convenient methods for entering into binding transactions, electronic agreements and electronic signature have gained a lot of momentum in recent years. Technological developments have not only changed the […]
By Kanakprabha Jethani | Executive Vinod Kothari Consultants P. Ltd. (kanak@vinodkothari.com) Personal loans by NBFCs are mostly extended as revolving lines of credit. Most of these facilities are originated by use of online apps. The lender will be quite keen, if there were no regulatory obstacles, to provide this line of credit by way of […]
Munmi Phukon | Principal Manager, Vinod Kothari & Company corplaw@vinodkothari.com Introduction SEBI on 22nd October, 2019 came out with a Circular to provide for the Framework for listing of Commercial Papers (CPs). The Circular is based on the recommendations of the Corporate Bonds & Securitization Advisory Committee (CoBoSAC) chaired by Shri H. R. Khan which […]
-Sikha Bansal (resolution@vinodkothari.com) In India, the provisions for schemes of compromises/arrangements have formed a part of the Indian Companies Act, 1913 and then the successors – the Companies Act, 1956/2013 following the English law. After Sick Industrial Companies (Special Provisions) Act, 1985 (‘SICA’) was enacted, it was not possible to invoke the provisions relating to […]
[A brief discussion on the Report of the Working Group on Group Insolvency] – Priya Udita (resolution@vinodkothari.com) With group structures holding prominence in business landscape of India, there has been a need to frame a holistic group insolvency framework. There are cases where the stakeholders may maximise their interests and the possibility of revival of […]