Entries by Staff Publication

Fresh set of conditions for strategic investments in REITs and InvITs

By Saloni Mathur , (finserv@vinodkothari.com) The SEBI vide its circular dated 18th January 2018[1](‘Circular’) issued guidelines on participation by the strategic investors in InVIT’s and REIT’s. These guidelines have been issued in pursuance to the powers conferred on SEBI as per the provisions of the section 11(1) of the Securities and Exchange Board of India […]

GST Council brings down the rate of GST on used cars, besides others

By Abhirup Ghosh, (abhirup@vinodkothari.com, finserv@vinodkothari.com) The GST Council met for the 25th time on 18th January, 2018 to modify the GST law in order to tackle the difficulties being faced in the market. The Council recommended several changes to the law among and one of the change that has can cause a significant impact on […]

An Insight on Direct Selling Guidelines, 2016 Pyramid Schemes vis-a-vis MLM

By Saloni Mathur (finserv@vinodkothari.com) Introduction There has been a shift in the paradigm of the performance of the direct selling agents. The role and responsibilities of the direct selling agents have witnessed a revolution, where they are required to comply with certain codes as prescribed by the government from time to time, and follow certain […]

Rights of Defaulting Promoters to submit Resolution Plan

Vallari Dubey resolution@vinodkothari.com   In the matter of RBL Bank Ltd. v. MBL Infrastructures Ltd., Order of NCLT dated 18th December, 2017. Background of the Case: In the case of RBL Bank Ltd. v. MBL Infrastructures Ltd.[1] a resolution plan, submitted by the promoter was rejected after the Insolvency and Bankruptcy (Amendment) Ordinance, 2017 (‘Ordinance’), […]