Entries by Staff Publication

New KYC norms for directors make a cell-phone and email mandatory for directors

Vinod Kothari vinod@vinodkothari.com 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 […]

Investor awareness by BSE & NSE- forceful dematerialization

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

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, […]

Credit Cards and EMI Cards From an NBFC Viewpoint

By Vishes Kothari (vishes@vinodkothari.com) With the proliferation of retail lending NBFCs offering a variety of traditional and disruptive products, there has been the frequent question about NBFCs being able to issue credit cards. This question leads onto various further questions- for example, is a credit ‘card’ facility in virtual form also a credit card? Hence it […]

Enhanced ODI Limits for AIFs and VCFs

By Simran Jalan (corplaw@vinodkothari.com) Background The Securities and Exchange Board of India (SEBI) came out with a circular on July 3, 2018[1] (Circular) to liberalise the regulatory regime surrounding overseas investments by Alternative Investments Funds (AIF) and Venture Capitals Funds (VCF). However, before we delve further into the contents of the notification, let us have […]