Limiting the ever expanding scope of PG by excluding children-in-law Nitu Poddar, Partner | Nitu@vinodkothari.com The definition of “promoter-group” in ICDR Regulations, though longstanding, has been into the highlights lately post the SEBI FAQ dated April 25, 2025 which have reiterated the provisions of Reg 31(4) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 […]
– Nitu Poddar | corplaw@vinodkothari.com As per section 186(5), any investment has to be approved by the board in its meeting by all the directors present in the meeting. First proviso to section 179(3) allows delegation of power of the board with respect to investing the funds of the company. This power can be delegated […]
– Nitu Poddar | corplaw@vinodkothari.com Reg 37A of Listing Regulations requires additional voting and disclosure requirements The article was also published by IndiaCorpLaw and can be viewed here Disposal of an undertaking (whole or substantially the whole) can be done either as part of a scheme of arrangement or otherwise by way of slump sale […]
Extension of “comply or explain” period in respect of corporate governance norms – Nitu Poddar | corplaw@vinodkothari.com SEBI in its board meeting dated March 29, 2023 decided to extend the timeline for “comply or explain” period for the High Value Debt Listed Entity (HVDLE) for compliance of corporate governance norms (i.e. regulation 16 to 27 […]
– Nitu Poddar, Partner | Lovish Jain, Executive | corplaw@vinodkothari.com MCA vide its notification dated September 20, 2022 has made amendments in the Companies (Corporate Social Responsibility Policy) Rules, 2014 (“Rules”). The said amendment seeks to do away with the redundant requirements in Rule 3(2) of making CSR expenditure and other compliances even after the […]