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Business Responsibility & Sustainability Reporting (‘BRSR’), which was voluntary as a part of the regulatory provisions for the top 1000 listed entities (by market capitalization) for FY 2021 – 22, is now all set to become mandatory from FY 2022–23 onwards. BRSR is intended to serve as a single focal point for all non-financial disclosures […]
– Ajay Kumar KV, Manager & Himanshu Dubey, Executive [corplaw@vinodothari.com] From a little-known word and a preserve of a select few finance professionals, the term Special Purpose Acquisition Companies (SPACs) is today a buzzword. The regulators across the globe are taking necessary actions to enable SPACs to raise money from investors – jurisdictions like the […]
By Harsh Juneja | Executive ( corplaw@vinodkothari.com) IPO Market Heating up After facing economic crisis owing to the Covid-19 pandemic in March, 2020, a thunderstorm of IPOs strikes India’s Primary Markets. Since July 2020, a total of 48 Initial Public Offers (IPOs) have been issued which includes companies like Burger King, Zomato and Indigo Paints. […]
Sharon Pinto, Manager, corplaw@vinodkothari.com Introduction Proxy advisors are entities that undertake research on corporate governance norms and practices followed across different corporates. They formulate their policies based on their research and appropriately established benchmarks. The proxy advisory firms play a role in strengthening the corporate governance as investor clients access the reports and recommendation of […]
Sharon Pinto, Manager, corplaw@vinodkothari.com Introduction The Board of directors of a Company typically comprises of executive and non-executive directors. The Board is supported by the Key Managerial Personnel (‘KMP’) and senior management i.e. personnel of the company who are members of its core management team excluding Board of Directors comprising all members of management one […]
-Independence becomes stricter! Payal Agarwal, Executive ( payal@vinodkothari.com ) Updated on 6th August, 2021 Introduction The concept of independent directors was first introduced in the Desirable Corporate Governance Code issued by the Confederation of Indian Industry[1] followed by the recommendation in the Corporate Governance Committee constituted by SEBI and headed by Mr. Kumar Mangalam Birla[2] […]
Companies with listed but privately placed debt paper not to be regulated as ‘listed company’. FCS Vinita Nair | Senior Partner, Vinod Kothari & Company With an intent to promote listing of securities and bond market, Ministry of Corporate Affairs (MCA) in consultation with Securities and Exchange Board of India (SEBI), intended to exclude certain […]
-Financial Services Division (finserv@vinodkothari.com) RBI has issued the Revised Regulatory Framework for NBFCs, effective from October 1, 2022. Highlights of prescribed framework can be accessed at this link. Introduction Systemic risk of NBFCs has been an issue for discussion, specifically in India as there have been some major NBFC failures, and the issue of inter-connectivity between […]
| SEBI seeks transparency from listed entities in times of COVID crises Shaifali Sharma | Vinod Kothari and Company corplaw@vinodkothari.com Introduction The impact of COVID-19 on companies is evolving rapidly not only in India but all over the world. In times of increased volatility and uncertainty in the capital market, detailed information regarding any material […]
Munmi Phukon and Tanvi Rastogi corplaw@vinodkothari.com Introduction Ministry vide its Notification[1] dated 5th June, 2015 issued certain modifications/ exemptions/ exceptions for Government Companies on certain provisions of the Companies Act, 2013. One such exemption was with respect to the provisions pertaining to related party transactions (RPTs). Vide the said Notification, Government Companies were provided relaxation […]