By Nikita Snehil | nikita@vinodkothari.com The term ‘Fair market value’ has been used hundreds of times in the Income Tax Act, 1961, however, the same has also been given due weightage under the Companies Act, 2013. The present Article intends to explain the meaning of the term ‘Fair Market Value’, its significance and its relevance […]
By Pammy Jaiswal, (pammy@vinodkothari.com) & Nikita Snehil (nikita@vinodkothari.com) The SEBI had constituted the Issue of Capital & Disclosure Requirements Committee (‘ICDR Committee) under the Chairmanship of Mr. Prithvi Haldea in June, 2017, to review the ICDR Regulations. The ICDR Committee suggested certain policy changes which were taken to the Primary Market Advisory Committee (‘PMAC’) of […]
By Abhirup Ghosh, abhirup@vinodkothari.com & Nikita Snehil, nikita@vinodkothari.com Proper flow of funds within an organisation can be termed as the lifeline of the organization. In the course of the operation, each and every organization stands in need of money over and above their capital. Therefore, in order to meet the financial needs, they are bound to […]
By Smriti Wadehra (corplaw@vinodkothari.com) Introduction SEBI vide its circular dated December 01, 2015[1] had introduced system driven disclosure in securities market. Under this initiative, a system was developed involving the Stock Exchanges, Depositories and Registrars and Share Transfer Agents (RTAs) for generating system based disclosures under Takeover Regulations and Insider Trading Regulations based on acquisition […]
Anita Baid, Senior Manager (anita@vinodkothari.com) Rajeev Jhawar, Executive (finserv@vinodkothari.com) Section 2(45) of the Companies Act, 2013 defines a Government Company as – “any company in which not less than fifty-one per cent of the paid-up share capital is held by the Central Government, or by any State Government or Governments, or partly by […]
By Yutika Lohia, (yutika@vinodkothari.com) (finserv@vinodkothari.com) Introduction The income tax laws of our country have witnessed a lot vicissitudes over the years. Responding to the changing reforms as well as practices, the law makers have always tried to pace up with the dynamic economy. Chartered Accountants, in India, are widely accepted as tax professionals and in […]
By Richa Saraf (richa@vinodkothari.com) Resolution process can be regarded as a mega- restructuring for which an insight into the ranking of claims of various creditors is pertinent. In most of the resolution plans, we can see that the financial creditors are paid a particular value as settlement of claims, and no specific provision exists as […]
By Munmi Phukon, Principal Manager, Vinod Kothari & Company (corplaw@vinodkothari.com) MCA vide notification dated May 7, 2018[1] has notified 28 Sections of the Companies (Amendment) Act, 2017 (Amendment Act) in Phase III. The same has been made effective from May 7, 2018[2]. SEBI also, pursuant to the recommendations made by Uday Kotak Committee Report, notified […]
Nidhi Bothra Sikha Bansal finserv@vinodkothari.com Transitioning into GST, assessing its impact on business and taking appropriate measures to bring about tax neutrality/ efficiency are the prime concern for all and sundry. GST also has an impact on the securitisation transactions in India which now happens to be Rs. 84,000 crores odd industry. In this Chapter […]