Entries by Team Corplaw

Downstream investment to be treated at par with FDIs

January 31, 2025 /2 Comments/in , /by

Introduction The Master Direction on Foreign Investment in India, recently updated on January 20, 2025, goes beyond a mere consolidation of the recent amendments in the Foreign Exchange Management (Non-debt Instruments) Rules, 2019 (‘NDI Rules’), providing clarifications in several areas of legislative silence.  One of the key  areas of clarification include the rules around downstream […]

Affixing Vicarious Liability on Directors: See a Breakthrough

January 18, 2025 /0 Comments/in , , /by

Introduction: It is well established that a company, being an artificial legal entity, conducts its day-to-day operations through a collective body of individuals known as the Board of Directors. This body bears direct responsibility for the company’s functioning and decision-making. Consequently, in instances of default, both the company and its directors are often held accountable. […]

SEBI approves cartload of amendments 

December 20, 2024 /0 Comments/in , , , , , /by

– Team Corplaw | corplaw@vinodkothari.com SEBI in its Board meeting dated December 18, 2024, has approved amendments pertaining to BRSR, HVDLEs, DTs, SMEs, Intermediaries, etc.  This article gives a brief overview of the approved amendments. Ease of Doing Business for BRSR Immediate actionables for Listed entities: Debenture Trustee (‘DT’) Regulations: VKCo comments: In addition to […]

Technical hiccups in payments: Is it a default and impact the credit rating?

December 4, 2024 /0 Comments/in , /by

SEBI Circular prescribes uniform approach to be ensured by CRAs Vinita Nair, Senior Partner & Palak Jaiswani, Manager | corplaw@vinodkothari.com Default in payment of interest or redemption amounts has far reaching repercussions for an issuer of debt securities. A delay of 1 day even of 1 rupee (of principal or interest) from the scheduled repayment […]

RBI & SEBI roll out process for reclassification of FPI’s holding to FDI

November 15, 2024 /0 Comments/in , , , /by

– Vinita Nair, Senior Partner & Prapti Kanakia, Manager | corplaw@vinodkothari.com | November 15, 2024 Classification of foreign investments as Foreign Direct Investment (‘FDI’) or foreign portfolio investment is critical for determining the compliance applicable. A person resident outside India may hold foreign investment either as FDI or as foreign portfolio investment in any particular […]