Entries by Staff Publication

SEBI’s move towards bringing a balanced Board Structure

-By Kirti Sharma (corplaw@vinodkothari.com) Background The Securities and Exchange Board of India vide its Board Meeting held on 28th March 2018 has accepted some of the recommendations of the Uday Kotak Committee on Corporate Governance. One of such accepted recommendations was the recommendation for separation of the role of Chairperson and MD/CEO for top 500 listed […]

Resolution Plans to Subsume Statutory Dues?

By Shikha Bansal & Richa Saraf (resolution@vinodkothari.com) The Insolvency and Bankruptcy Code, 2016 facilitates drawing up resolution plans for corporate debtors who has defaulted in making payment to its creditors. The resolution plan is approved by a committee of creditors consisting of a class of creditors (called financial creditors) of the corporate debtor. The resolution […]

Resolution Professional vis-à-vis Board of Directors: Governance of Insolvent Companies

– By Shikha Bansal (resolution@vinodkothari.com) The Securities and Exchange Board of India (“SEBI”) has issued a “Discussion Paper on Compliance with SEBI Regulations by Listed Entities undergoing Corporate Insolvency Resolution Process under the Insolvency and Bankruptcy Code, 2016”[1] on 28th March, 2018. The Discussion Paper proposes certain modifications in the applicable regulatory framework to facilitate […]