Entries by Staff Publication

Board interlock restrictions apply to existing IDs too

SEBI clarifies in recent informal guidance Sundaram Finance (applicant company) on 28th August, 2018 requested SEBI to issue informal guidance for getting clarity/better understanding of the wording use in new Regulation 17 (1A) and Regulation 25 (1) both of which use the word “continue” which is absent in Reg.16(1)(b)(viii). The below note give’s a summary  […]

The Supreme Court Aadhaar Verdict- Major blow to Fintech Companies

By Simran Jalan (simran@vinodkothari.com) Introduction The Supreme Court announced a landmark ruling in the case of Justice K.S. Puttaswamy (Retd.) & Anr. V. Union of India, W.P. (Civil) 494/2012 dated September 26, 2018.[1] (“Aadhaar Verdict”), the one which the entire country was looking forward to, relating to the constitutional validity of the Aadhaar card and the […]

Variable Capital Company: Singapore proposes a new way of making investments

Can India replicate this model? By Simran Jalan (finserv@vinodkothari.com) Introduction On March 23, 2017, Monetary Authority of Singapore (MAS) issued a consultation paper[1] for Singapore Variable Capital Companies. On September 10, 2018, the MAS tabled the Variable Capital Companies Bill (the “Bill”)[2] in Singapore Parliament. The Variable Capital Company (“VCC”) is a corporate structure that […]

Major recommendations of the Committee on Payment Systems on Payment and Settlement System Bill, 2018

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 […]