Author Archive for: vishesh
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Entries by Vinod Kothari Consultants
Sparsh July’ 2018
August 13, 2018 /0 Comments/in Sparsh /by Vinod Kothari ConsultantsCryptocurrency on the path to Legalisation?
August 13, 2018 /0 Comments/in Financial Services /by Vinod Kothari ConsultantsBy Vineet Ojha (finserv@vinodkothari.com) From conservative investors to cryptocurrency enthusiasts, cryptocurrency has been the hot button issue. In the tech world, a common phrase is “that’s so crazy it just might work”, and hence, an open-source, unregulated, P2P currency has been thriving for the better part of the last decade. The Indian regulators have not […]
Disqualification Before The Deadline: Seemingly A Never Ending Debate!
August 12, 2018 /0 Comments/in Companies Act 2013 /by Vinod Kothari ConsultantsBy Pammy Jaiswal, Partner & Smriti Wadehra, Assistant Manager corplaw@vinodkothari.com Background While MCA has been on a spree to disqualify lakhs of directors on the Board of companies across the nation, the aggrieved directors have been knocking the doors of High Courts and Supreme Courts for getting some sort of relief in this regard. It is […]
Dictated decision-making: IBBI expects to usher effective decision-making in creditors’ committee meetings
August 11, 2018 /0 Comments/in Insolvency and Bankruptcy /by Vinod Kothari ConsultantsBy Vinod Kothari (resolution@vinodkothari.com) The recent IBBI circular[1] dated 10-08-2018 makes an interesting reading. While it is lamenting the fact that the hard timeline-bound regime of the insolvency process will lead to unintended corporate mortality if the bank representatives attending the creditors’ committee (CoC) meetings are not empowered to decide, the amusing undertone is that […]
Revised, stringent private placement framework becomes effective: a step-by-step guide to compliance
August 8, 2018 /8 Comments/in Amendments to the Companies Act 2013, Companies Act 2013 /by Vinod Kothari ConsultantsCS Vinita Nair, Partner, Vinod Kothari & Company corplaw@vinodkothari.com Substitution of Section 42 was one of the major amendments proposed under Companies (Amendment) Act, 2017. MCA on August 7, 2018 enforced Section 10 of Companies (Amendment) Act, 2017 amending Section 42 of Companies Act, 2013 (‘Act, 2013’) with effect from 7th August, 2018. MCA […]