Entries by Staff Publication

SAST amendments brought by SEBI

-imposes a complete prohibition on a fugitive economic offender By Munmi Phukon (corplaw@vinodkothari.com) SEBI on 11th September, 2018 has notified the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) (Second Amendment) Regulations, 2018[1]. The key changes are highlighted below: Chapter I- Preliminary [Reg. 2(1)]- Definitions Clause (j)- Frequently traded shares As per […]

Growth of factoring services in India

-An analysis of the current scenario By Simran Jalan (finserv@vinodkothari.com) What is factoring? Receivables form a major part of the current assets of a company and management of such receivables is the most important concern for the company. Factoring is a financial option for the management of receivables. It is a tool to obtain quick access […]

Moratorium during Liquidation: Scope And Effect

By Richa Saraf (resolution@vinodkothari.com) What is a moratorium? The term has been defined in Merriam Webster Dictionary to mean “legally authorized period of delay in the performance of a legal obligation or the payment of a debt; a waiting period set by an authority; or a suspension of activity. In Cambridge Dictionary, moratorium refers to a period of time during which a particular activity is stopped. In Insolvency and Bankruptcy […]

Reversibility of Liquidation Order?

By Richa Saraf (resolution@vinodkothari.com) Insolvency and Bankruptcy Code was framed with the object to provide opportunity for revival to an insolvent company, however, since the rising number of liquidation cases, as against resolution, is a cause of worry. “After more than a year of the Insolvency and Bankruptcy Code proceedings, there have been more liquidation cases than resolution of the non-performing […]