Entries by Vinod Kothari Consultants

Can Liquidator’s Outreach Grab Guarantor’s Assets?

July 19, 2018 /0 Comments/in /by

By Sikha Bansal  & Shreya (resolution@vinodkothari.com)   *The Article was first posted on the IndiaCorpLaw Blog (https://indiacorplaw.in/2018/07/can-liquidators-outreach-grab-guarantors-assets.html) In Punjab National Bank v. Vindhya Vasini Industries Limited, [C.P. ( IB)-1170(MB)] the issue before the National Company Law Tribunal (“NCLT”), Mumbai Bench was whether a property belonging to the guarantor of the corporate debtor can be liquidated in […]

New KYC norms for directors make a cell-phone, email & DSC mandatory for directors

July 13, 2018 /0 Comments/in , , , /by

Vinod Kothari corplaw@vinodkothari.com   If you ever thought your life will be much better and tranquil without a cellphone on you, and without an email to stay connected, well, you may be right, but you cannot function as a director in companies. This is the fallout of the new DIR-3-KYC norms brought by the MCA[1]. […]

Investor awareness by BSE & NSE- forceful dematerialization

July 11, 2018 /0 Comments/in /by

By Munmi Phukon, Smriti Wadehra and Shreya Jain  corplaw@vinodkothari.com Currently, the provisions of Regulation 40 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, facilitate transfer of securities both in physical and dematerialized form. However, SEBI vide its notification dated 8th June, 2018 had notified the Securities and Exchange Board […]

Corporatisation Prospects for Unregistered Entities – Amendment in Section 366 of the Companies Act, 2013

July 10, 2018 /2 Comments/in , /by

By Pammy Jaiswal (corplaw@vinodkothari.com) Partner, Vinod Kothari and Company Background By virtue of the enforcement notification of MCA dated 5th July, 2018[1], the proposed change under section 75 of the Companies (Amendment) Act, 2017 (‘Amendment Act’) relating to section 366 of the Companies Act, 2013 (‘Act, 2013’) has been notified with effect from 15th August, […]