Entries by Staff Publication

Transfer of shares to IEPF- Is the Wait Over ?

By Pammy Jaiswal & Megha Saraf, (corplaw@vinodkothari.com) Introduction It seems that the prolonged postponement for transferring shares to IEPF is over. Ministry of Corporate Affairs (“MCA”) vide its Notification dated 13th October, 2017[1] has added yet another notification on Investor Education Protection Fund (“IEPF”), to its list. The Investor Education and Protection Fund Authority (Accounting, […]

GST and CSR Expenditure

Vallari Dubey finserv@vinodkothari.com   Introduction Indian companies, especially public and listed companies are actively engaged in Corporate Social Responsibility (“CSR”) activities. Moreover, since the introduction of Companies Act, 2013, the law has mandated compulsory CSR expenditure for a specific class of companies. In the recent months, with the advent of GST, life of corporates has […]

IBBI amends CIRP and FAST Track Regulations: intends to protect interest of stakeholders

09.10.2017 Vallari Dubey resolution@vinodkothari.com   IBBI has amended INSOLVENCY AND BANKRUPTCY BOARD OF INDIA (INSOLVENCY RESOLUTION PROCESS FOR CORPORATE PERSONS) REGULATIONS, 2017[1] (“CIRP Regulations”) and INSOLVENCY AND BANKRUPTCY BOARD OF INDIA (FAST TRACK INSOLVENCY RESOLUTION PROCESS FOR CORPORATE PERSONS) REGULATIONS, 2017[2] (“Fast Track Regulations”) vide its notification dated 5th October, 2017. The same shall be […]

SEBI Board approves amendments to REIT Regulations

By Shreya Routh, (finserv@vinodkothari.com) Introduction The SEBI in its Board Meeting on 18th September, 2017[1]approved several changes to the regulations issued for REITs. Before we start discussing the changes approved, let us quickly recap the way in which a REIT operates. REIT is a form of alternative investment vehicle. The working mechanism of a REIT […]

TIME LIMIT PRESCRIBED IN IBC- NOT MANDATORY

By Richa Saraf, (legal@vinodkothari.com) In the case of Surendra Trading Company v. JuggilalKamlapat Jute Mills CO. Ltd. &Ors.[1], the Apex Court was concerned with the correctness of the order passed by the National Company Law Appellate Tribunal (NCLAT) whereby it was held that the time of 7 (Seven) days prescribed in proviso to section 9(5) of […]