Entries by Vinod Kothari Consultants

Checkpoints for filing e-form DIR 3 KYC

By Simran Jalan (corplaw@vinodkothari.com) Introduction: Pursuant to the Rule 12A and 11(2) and (3) of the Companies (Appointment and Qualification of Directors) Rules, 2014, every individual who are holding DIN/DPIN shall submit an e-form DIR 3 KYC to the Central Government on or before 31st August, 2018 for the purpose of updating the personal identification […]

Co-lending arrangement between Banks and NBFCs for PSL

By Simran Jalan (finserv@vinodkothari.com) Introduction The Reserve Bank of India (RBI), in its press release on ‘Statement on Developmental and Regulatory Policies’ dated August 1, 2018[1], sets out various policy measures. One of the initiatives introduced relates to co-origination of loans by the banks and NBFCs for lending to the priority sector. Before delving into […]

Abridged Board’s Report for Small Companies and OPC

By Simran Jalan (corplaw@vinodkothari.com) Background: MCA vide its notification dated July 31, 2018[1] has brought the Companies (Accounts) Amendment Rules, 2018 which broadly deals with two changes: Additional disclosures for companies other than small companies and OPCs; Abridged list of contents for small companies and OPCs Even though the aforesaid amendment in the said Rules […]

LOOK- BACK PERIOD VIS-À-VIS FRAUDULENT TRANSACTIONS

By Richa Saraf  (richa@vinodkothari.com) Sections 45, 49, 66, 69 of the Insolvency and Bankruptcy Code, 2016 requires and empowers the Liquidator to apply to the Adjudicating Authority for appropriate orders in case of any vulnerable transactions that the Liquidator comes across during the process of liquidation. Such transactions may either be with respect to breach […]