By Vishes Kothari & Simran Jalan (finserv@vinodkothari.com) Introduction Major reforms are being proposed to the Payments and Settlement Systems Act, 2007 so as to be able to catch up with the fast changing payments landscape in the country. An Inter-Ministerial Committee was constituted in October, 2017 to finalise the draft bill called the Payment and Settlement […]
– Shares required to be credited in personal demat accounts of nominee holders CS Vinita Nair (corplaw@vinodkothari.com) To view this article, please visit https://www.moneylife.in/article/implementation-issues-of-compulsory-demat-for-wholly-owned-subsidiaries/55381.html
-imposes a complete prohibition on a fugitive economic offender By Munmi Phukon (corplaw@vinodkothari.com) SEBI on 11th September, 2018 has notified the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) (Second Amendment) Regulations, 2018[1]. The key changes are highlighted below: Chapter I- Preliminary [Reg. 2(1)]- Definitions Clause (j)- Frequently traded shares As per […]